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Agree with skier, it reflects badly on the "money markets and traders" of this country that they are so ignorant as to the value of companies [especially AIM]. The sp of Keywords has been at an absurd valuation for many months. The London stockmarket is performing like a third rate bookmaker.
Not sure there's really much to celebrate here. Yet another UK firm set to delist from the decaying London stockmarket, and yet another UK firm falling into foreign hands and inevitably sending its tech, IP, top jobs, top salaries, profit or tax revenue overseas.
A very nice premium. I would expect the MMs would want their slice of this cake via a significant spread.
However, there are 4 reportable shorts to close and with over 80% of shares in sticky hands there is no way they will be able to suppress this SP.
I just love Monday mornings like this.
Some of his comments haven't aged well....
Cor.
Wish I had seen that yesterday.
What a premium!
Yes - thinks for sharing that AMPG. Tomorrow should be a very interesting day for the SP (and scrambling shorters)
Https://keywords-offer.com/docs/projectforgelibraries/offer/240518-project-forge---joint-leak-announcement_withconsent.pdf
Well spotted AMPG, maybe this time it floats the boat…
I see there’s still a fairly considerable short in the share, well 4%, that should help the shares tomorrow too.
Https://www.ft.com/content/75886c5a-0f4f-4573-8844-a62efd518a68
It worries me that someone as rude and arrogant as Apendragon has invested here. Hardly inspires confidence in the company.
That's great, please keep us posted on how you get on.
Actually cretin I close my short at 1172 for a 22% gain.
Bought back in at 1122 so am now substantially up. All of you thickos are still probably deep underwater still i imagine
Some big buys today - is that shorts closing some positions?
What happened to the single digits Apen?
Yes absolutely
Apa is just another anxious shorter who got caught and distressed by the share price jump yesterday
His plight is deserved
😂😂😂
It always amuses me seeing a short posting on a board. Unless a company is indeed fraudulent or absurdly overvalued then it tends to go up over time :D So only way for a short to make money is fearmongering and panic selling. Absolutely we need shorts in the market to prevent frauds, but the good shorts don't share all their best ideas. Let the financial statements do the talking, with KWS your betting against a well-run diversified and shrewd operator at the bottom of the gaming cycle. Please short as much as you want, just don't feel too comfortable on results day!
Hahahahah when will you ladies realise that it is not bottom feeding when you buy at the level. Rather in a years time it will be the year high!!
This is going back to single digits - over indebted, unprofitable, what is there to like?
Ps for transparency I have a 130000 share short on this dog from 1522
No this is pretty different - and actually positive. Contingent consideration is when they have done an acquisition and part of the price is dependent on the target company achieving certain performance figures - usually quite challenging ones, so if KWS is now paying that it means that the acquisition is doing well.
Shorts are when hedgies are taking a position expecting the share price to fall i.e. they think it is overvalued and will correct downwards. It certainly was wildly overvalued in the past but f you scrub the numbers properly you can see its currently trading on pretty conservative multiples. That said, there is this Goldman report from last year hanging over them where GS identified KWS as a potential loser form AI. I'm personally sceptical about that assessment which is why Ive entered KWS recently , but there are plenty of people out there a lot more bullish on AI than me, so DYOR
Movement may also be related to issue of small number of new shares (possibly the same thing?):
RNS Number : 0036K
Keywords Studios PLC
10 April 2024
Keywords Studios, the international provider of creative and technology-enabled solutions to the global video games and entertainment industries, today announces the issuance of 87,648 new ordinary shares comprising the share element of contingent consideration due based on the performance of 47 Communications LLC since its acquisition.
Application has been made to the London Stock Exchange for the admission of these 87,648 new ordinary shares to trading on AIM. Admission of the new shares is expected to take place at 8:00am on 15 April 2024.
The Company's total issued share capital following admission will consist of 79,521,770 ordinary shares of one pence each with one voting right per share. There are 568,706 Ordinary Shares in the Company's Employee Benefit Trust ("EBT"), and the EBT has waived its right to exercise its voting rights and to receive dividends in respect of these Ordinary Shares.
For anyone curious about the recent drop, I see that an additional 0.6% short position from GLG capital was opened on April 9, giving KWS a cumulative 3.7% short position, so possible this put some downward pressure on the stock
Yes, its an interesting one. Did a deep dive looking at them and their comps and frankly theyre putting in a pretty impressive operating performance, especially versus the competition. The whole sector has been taking a beating though and they have historically been wildly overvalued, so a serious correction had to happen - but now make decent value sense with some decent organic growth coming through. Am gradually accumulating at these levels, though its impossible to call the bottom.
For me looks like negative momentum and that's about. The newsflow has been largely positive so I am seeing it mainly as negative momentum. There will be a price though for a bounce. But where?
It's it gonna drop to £10?
If you can get this right - it could an incredibly good long!
Best of luck all holders and traders!
Cheap
Any opinions as to why the SP has gone so low????
Thankfully loded up at 1300 and have now dumped at 1500 for a lovely profit
I beg to differ - I think you're confusing what was (and still is) over-priced shares with the day to day operations of the company, which are good. The shares were massively over-hyped once upon a time and the share price has now had that massive correction as they always do post-hype. The trick is to see it and get out - and get out while leaving something for the next guy (I could have made nearly 50% more than I did - but I never get out at the top. In the early days I always stayed in too long - I've learned to get out early).
No this is decidedly NOT a good company.
Over hyped, bargepole stock run by overpaid inept management - just look at the stockprice!