Keywords Studios Share Discussion Threads

[phowdo] 02/1/2019 11:32

Or perhaps printing a shooting star to the top of the channel before the next leg down to 800p? ;)

[bulltradept] 02/1/2019 11:14

Oversold, due a bounce? Vol very low, bargain hunters stepping in?

[rathean] 02/1/2019 10:37

Interesting no news bounce this morning, technical or someone somewhere knows stuff?

[ali47fish] 24/12/2018 08:49

a director buying 5000 shares andthe share price tumbles 5pc

[togglebrush] 23/12/2018 09:47

FWIW Maximum Daily Trading Volume for 2018 by my Stats was FRIDAY
'
Maximum 1,206,765 on 21 Dec 2018
One100 ___965,481 a one in hundred trading day... WEDNESDAY 19 Dec 2018
Q3____ ___335,038
Median ___218,837
'
some fancy volumes noted last week !!!

[rivaldo] 21/12/2018 08:24

Today's acquisition of Sunny Side Up is from my count the 12th acquisition of 2018, and possibly not even the last with a few days left!

KWS still has lots of firepower for further, and larger, acquisitions.

Even if organic growth slows, cross-selling and synergies should provide decent tailwinds as well as the obvious full year contribution from the many acquisitions.

And KWS' core sectors of gaming and entertainment/production/animation will only continue to grow given the entrance to the content marketplace of the likes of Amazon, Netflix etc.

Today's update actually states that around €37m of adjusted profits are "within" the range of forecasts, so evidently it's above some and below others. It's certainly below Edison's, so their follow-up note should shed some light.

Edison's forecast for the coming year is around 50p EPS - without any uplift for today's or future acquisitions. A P/E of 20 or so for a company in a growing sector with such a good track record and substantial acquisition action to come isn't particularly challenging if that P/E soon reduces to say 14 or 15 post-acquisitions.

[phowdo] 21/12/2018 08:11

Not beating analysts expectations.
No big acquisition in time for end of year like promised. Just a small company bought for a P/E of 5. They can continue doing that but you have to wonder why punters are ascribing KWS a P/E of 20 when they are acquiring single digit P/Es.

Where is next years growth coming from?

[glaws2] 21/12/2018 08:08

It's a slight miss against Sharepad forecasts - hence the reaction.

[ali47fish] 21/12/2018 07:55

is this good enough to add bamboo

[bamboo2] 21/12/2018 07:53

RNS.

"We will as usual provide a fuller trading update by the end of January but, as we approach our year end, we expect adjusted profit before tax to be within the range of analyst forecasts at around EUR37m on revenues in the region of EUR250m (around EUR258m on a constant currency basis), which would represent increases of 61% and 65% on the prior year respectively."

[ali47fish] 12/12/2018 14:26

all this does not explain why the share price is volatile?

[rivaldo] 10/12/2018 10:30

A director made an ISA purchase in February at 1510p, and in late 2017 in the placing three directors bought around £65,000 of shares at 1400p.

[1670127] 10/12/2018 09:25

I must be misssing them! I see the purchase of 2000 pounds of shares in June last year. I know Andrew Day sold 6 million pounds of shares so should be in a position to throw a 100k back in to show confidence in the company! It is one thing to invest when the share price is climbing, another thing to support a falling share price!!!

[rivaldo] 09/12/2018 23:47

Actually there's been 4 share purchases of shares by KWS directors in the last 14 months, at prices of 1510p and 1400p. And there were another two director purchases in May and June'17.

Just so that readers can be more fully aware......:o))

[1670127] 08/12/2018 11:17

Lets looks at the likely numbers for this year extrapolating 2018H1 results. 2018H1 showed a 72% increase in revenues and a 66% increase in profit, in 2017 they did 109.9m euros revenues and made profit before tax of 15.9m euros (not counting interest and other charges that took it below 10). Extrapolating the 2018H1 figures to 2018H2 we get full 2018 numbers of revenue 259m and profit of 26.7m euros including 10% for growth and additional acquisitions or around 42 pence per share. This is a generous number as it does not take into account interest which would knock 20% off this number.
To get to the 75 pence share some analysts are predicting in 2019 would require an additional 233 m euros of revenue in 2019. Buying companies does not always increase EPS if using shares to buy. Dilution for purchases using shares is a lot more now the price has dropped.

That is a lot of take overs and growth and is not going to happen especially if some of the client ramp-downs and losses I am hearing rumours of are true. Also 2018 is an up year in the Video games cycle, so next year was going to be more challenging without this.

I compare the action of the leaders of KWS with those of Thomas Cook. This week after the sharp price fall the two most senior investors of Thomas Cook invested 140,000 pounds buying stock, it went through the roof the next day. There has not been a single buy by anyone at KWS in over a year. Probably says a lot about how they think it will go.

[rivaldo] 07/12/2018 14:09

RNS - Oberweis Asset Management, Inc. have bought almost another 300,000 shares in the first 3 days of this week.

They now own 4.14%, or 2.64m shares:

[1670127] 06/12/2018 10:16

I've said a few times that the fundamentals show a fair, forward looking 2019, price of around 8 pounds. I'm hearing some rumours of client losses as companies look to diversify thier vendor base, the down side of an acquisition strategy that no one seems to talk about. I think the results for 2H/2018 will be ok. But 1H2019 are going to be very poor.

[bamboo2] 06/12/2018 09:50

H&S tp has been hit today. [1060]

Hist support at 850-875
Gap fill at 916-916.2

[bulltradept] 06/12/2018 09:32

Funny-mentals go out the window when Mr Bear is in town drunk running riot, everyone gets a paw in the face HARD too!

[bamboo2] 06/12/2018 09:07

Sperasoft get their 260,049 shares on 13/12/2018.

These "will then be subject to orderly market provisions for a further 12 months"

I guess this means they can't be dumped on the market, but will have have to be negotiated away as a block, unless they decide to hold?

[jamesjjj] 06/12/2018 08:48

People will be wondering how can a share with such good fundamentals drop so much?
The answer: "Don't fight the tape". Jesse Livermore

[jamesjjj] 06/12/2018 08:36

As I said yesterday support would be under heavy pressure today. If it breaks and it may very well do it could be a fairly steep drop today. It is price action like this the reason why I sell out and not average down.

[phowdo] 06/12/2018 08:28

Through £11 support and we could see £8 quite quickly.

Videogaming sector under the cosh.
EA, ATVI, TTWO, UBI, sector leaders, all well off their peaks.

[jamesjjj] 05/12/2018 19:50

Had a good look at the technicals and KWS has a probability of breaking support. The rallies in the last few days have not shown conviction. Of course I hope I am wrong but the market sentiment is poor at the moment.