Keywords Studios Share Discussion Threads

[scooper72] 06/11/2018 17:12

...could u explain what 50/200 death cross is and what the significance is please

[scooper72] 06/11/2018 15:02

Please explain. Thnx

[bamboo2] 06/11/2018 10:49

Alphabeta, Thanks, interesting.

Looks like we have a 50/200 deathcross looming for tomorrow.

[alphabeta4] 06/11/2018 09:47

Pass - having said this I would expect no cash is exchanged, just the shares which then accrue interest for lending them, eg if you take a interest only mortgage you just accrue interest on a daily basis based on the outstanding amount and then at some agreed point in time are agreed to repay the principal (which in this case would be x number of shares that have been borrowed, not a cash amount, which the short seller is hoping to buy back cheaper than the price they sold them into the market at). The interest itself well that could be paid on a daily, monthly basis etc depending on whatever is agreed.

As an aside I think it's worth pointing out KWS was shorted last year and it didn't stop it then doing very well, shorters do make some big mistakes - I was in BOO around 28p and there was several percent out on loan, year later it was 50p.

IMHO a well received RNS, probably for an acquisition (which we haven't had for a little while) could lead to some panic buying and a bit of a squeeze.

[bamboo2] 05/11/2018 17:07

Alphabeta4, thanks for the input. That seems logical.

Maybe you would know the answer to this...

If an insti sells short, where does the cash that is received end up? Does it stay in their bank account, maybe earning interest, until they cover [buy back] the short?

[alphabeta4] 05/11/2018 14:58

Already sold Bamboo. If you borrow but haven't sold yet you're not short so wouldn't need to declare the short interest.

[bamboo2] 05/11/2018 08:47

scooper, I am not sure how to read the info.

Does it mean they have borrowed and sold into the market, or they have borrowed ready to to sell into the market?

The dates of the reports do seem to coincide with the share price fall from the start of October 2018, so I guess it's the former, and they have not covered the short yet.

[scooper72] 05/11/2018 08:36

Those 3 you listed have reduced their short exposure right?

[bamboo2] 04/11/2018 11:17

scooper, I did notice that shorts had been active recently.



Merian Global Investors (UK) Limited 0.60%  0.0% 12 Oct 2018
Polar Capital LLP 0.70%  0.09% 31 Oct 2018
SFM UK Management LLP 1.01%  0.15% 3 Oct 2018

Total 2.31%

[scooper72] 02/11/2018 16:43

So what was all that about - up 6 percent to end up just around yesterday's finish? Was it the American markets dipping again this afternoon or people taking profits from last few days. Managed to sell a little at 1500 and go back in at 1454, but wish I could have done it with more of my holding and at about 25p more. Slowly getting back to my pre correction portfolio value, bit of away to go.

[scooper72] 02/11/2018 13:36

Quite. But I wonder how many of those changed hands between then and August highs.

[togglebrush] 02/11/2018 09:11

Price of 1400 was the recent purchase level from 24 October 2017,when there was a placing at 1400 for a total of 5,357,143 shares

[bamboo2] 01/11/2018 23:33

scooper, Agreed.

I wasn't able to follow the session today, but the close above 1400 looks good for longs. The potential turn mentioned yesterday does however suggest a retrace tomorrow with the obvious target again being the prior support level approx. 1400.

Indices and many shares showing potential turns early next week, which is keeping me mainly in cash until then.

[scooper72] 01/11/2018 09:55

Thanks for the graph bambo2. Good info. Looks like 1400 wasn't v strong resistance so far. Let's hope it now turns back into a support.

[bamboo2] 31/10/2018 23:10

Prior support at 1400 tested today from below [as resistance] for the first time.

The current flag/pennant is reaching the point at which it no longer qualifies as a short term consolidation zone.

A potential turn 1-2/11/2018.
Watch tomorrows price action for likely direction of turn.

[aimingupward2] 31/10/2018 17:39

That's a fair point, 1670217. Nevertheless, the more demanding the requirements become from those services companies, and they are very likely to become so, the more it will make sense not to attempt to do a lot of it in house, I would have thought. Also it is more likely, isn't it, that as this trend develops, the more experienced and highly trained staff will be more attracted to work with KWS on games originating from a range of companies rather than a single developer, thus tipping the scales a bit further.

[1670127] 31/10/2018 13:56

@aimingupward.that is true but the industries are very different. A lot of filming is completed on location or at 3rd party film studios. As such the film producers hire teams local to those locations for the services they need. That is not the case in games development. The games developers are in fixed locations so can build teams to support thier development, where it makes sense. The services companies were originally in place to support peaks in resources in development cycles. Andrew Day uses this comparison all the time but honestly the industries are not comparable.

[mr euro] 31/10/2018 12:29

Rivaldo why is it looking good value?

I competently disagree and see KWS as still way over priced for a services company. Would be interested in the reasons behind your statement.

[chester] 31/10/2018 11:43

KWS hit the 50% retrace of it's whole move yesterday, 97.6p low to it's all time high 2107p = 1339p . A weekly close above that level and it's a positive imo

[rivaldo] 31/10/2018 11:40

The Budget had no serious implications for investing in AIM companies as some had predicted. I wonder if we'll now see some buying back in here as it's certainly looking good value now.

[aimingupward2] 31/10/2018 09:57

What you omit from your analysis, 1670127, is that only about 50% of services are outsourced in the games industry whereas in film and T.V. it’s about 90%, so plenty to go at yet in and industry that is expanding anyway.

[1670127] 30/10/2018 18:43

I think KWS have an opportunity to grow but the successful strategy employed to date is not going to work going forward. Once you have all the services and work with all the major clients then you already have the cross selling opportunities. Buying other companies, with the same clients, provides limited upside and there are risks that some clients will move work to keep a diversified supplier base or ask for reduced rates on current work if the acquired company has lower rates.

I've not analysed FDEV but after a cursory look it is interesting that the wife of the owner has bought 460,000 pounds of shares. At least they back themselves. I've not seen any director buys on KWS despite the near halving of the share price, probably says it all!!!

[mr euro] 30/10/2018 15:50

@ 1670127 FWIT I think KWS have a great future and will grow into a £1bn company, but they are someway of yet.

On the other hand FDEV I think are a pile of spanners. Can't see a bright future for them.