Keywords Studios Share Discussion Threads

[kalai1] 15/3/2023 13:03

Keywords Studios posted FY results for the year ended 31st December this morning. Group revenue was up 34.8% to €690.7m with organic revenue growth 21.8%. Adjusted profit before tax rose 30.2% to €112.0m, statutory EPS was up 36.3% to 61,54c. The balance sheet remains strong with net cash of €81.8m. The Group completed five acquisitions during the year for a total maximum consideration of €140 million, so more organic and acquisitive growth. Trading in 2023 has started well, the Group remains well-funded to continue to deliver on its value accretive acquisition strategy. Valuation looks a little unhelpful with forward PE ratio at 27.4x, share price also lacks near term momentum and has been trading sideways for over 2 years. KWS is a high growth, high profit Tech name and is well worth owning for the longer run, although there appears to be no particular rush. BUY...

...from WealthOracle

[aimingupward2] 15/3/2023 09:47

“We are by far the largest player in our space, and yet remain at only a 6% share of a highly fragmented market. We believe that we have a significant opportunity to continue to take market share organically,.....221; - Bertrand Bodson, CEO.

And that market space is expanding too. So plenty of scope for considerable growth !

[bulltradept] 15/3/2023 08:42

Algos playing! Buy!

[babbler] 15/3/2023 08:34

Very strange drop.

[niklol] 15/3/2023 08:10

It did to me, but obviously not!

[ali47fish] 15/3/2023 07:52

hope this sounds good enoough- in line

[aimingupward2] 25/1/2023 17:36

the white house - what do you mean by “pay 95 for 90 mins”? Could you please explain.

[the white house] 25/1/2023 15:35

BombproofJust had another request for testing. Companies willing to pay 95 for 90 mins2nd revision in 2 months Marvellous performanceAdded

[aimingupward2] 25/1/2023 10:01

All very encouraging. I expect to see further growth in the share price.

Edit: Good, strong, progress throughout the day. Excellent.

[steeplejack] 25/1/2023 09:46

The recent share price retrace doesn't appear to accurately reflect the solid trading experience. Trading UpdateThe Group announced a trading update on 21 November 2022, in which we stated that our performance for the year would be ahead of market expectations, with revenue expected to be at least EUR675m (2021: EUR512m) and adjusted profit before tax (1) in excess of EUR110m (2021: EUR86m). The Board now expects revenue and adjusted profit before tax (1) to be marginally ahead of that guidance at c.EUR690m and c.EUR112m, respectively. This performance includes an expected Organic Revenue growth (2) rate for the second half of the year of approximately 22% (H1 2022: 21.7%, 2021: 19.0%), as the momentum experienced in H1 continued into the second half.

[steeplejack] 16/1/2023 15:23

https://www.swedbankrobur.se/en#!/Taken declarable 3% interest.Must of been a seller feeding them stock given the price weakness.

[steeplejack] 13/1/2023 15:27

Yes,in these markets, hope doesn’t spring eternal,its doubts that lurk in the shadows .The chart does indeed suggest that the share could go lower but i’m gambling that there are parties here trying to shake out stock ahead of a bounce back towards £30.

[rivaldo] 13/1/2023 14:23

It's pretty obvious to me that some are selling due to the rather negative recent announcements from Frontier, Devolver and especially Ubisoft.

Would there be a reason why KWS should be insulated from the troubles which seem to be enveloping the sector? The last trading update was very confident about 2023, but that was back on 21st November, so perhaps conditions have worsened since then?

This was a multibagger for me previously, and I'd like to get back in at some stage as it always struck me as very well run, but I suspect there's more downside than upside risk at least until the trading update at the end of this month.

[steeplejack] 13/1/2023 14:19

Some of these stocks seem to be driven more my algorithms (in turn dictated to by technical analysis) than fundamentals.Grist to the mill i suppose.Nibbling in batchs of 100.....rather unsuccessfully today!Falling knife stuff.

[aimingupward2] 13/1/2023 13:18

I fully agree, steeplejack, and had thought about posting a very similar comment. The fallback is very surprising after the positive trading statement on Nov' 21st and the subsequent acquisition of LabCom. I fully expect a significant turnaround following the t.s. due before the end of this month.

[steeplejack] 13/1/2023 12:11

KWS has retreated near 20% in the last six weeks and in a relatively strong market..As such,the stock is back into its historic trading range.We'll get a trading update in a couple of weeks and it should reaffirm good progress.The stock stands on prospective PE of around 25.Will be adding.

[the white house] 05/12/2022 14:46

Decent buy, this bigger than usual add on will make them even more the go to co.

[disc0dave45] 23/11/2022 18:03

Looks like 97p eps for this year IMO at a sector median average PE of 35x….which seems reasonable. Currently on a forward PE of only circa 28x which is low.

[aimingupward2] 21/11/2022 10:03

Yes, really encouraging. Feel confident of continuing progress, in t/o, profits and in the share price.

22/11 : Brokers Liberum raise their tp from 3,150p to 3,400p.

[the white house] 21/11/2022 08:43

Profits upgrade disguised as a trading update. Nice & not fooled me.I have access to knowledge of Player Research testing levels and they are super busy esp with VR type stuff right now. Added again at open

[terry topper] 21/11/2022 07:26

Another excellent trading update

[ali47fish] 21/11/2022 07:26

update ahead

[ali47fish] 21/9/2022 07:24

lovely acquisition

[aimingupward2] 03/8/2022 11:13

Add LTG to those. I take your point, though, about ‘noisy’ bbs.