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Started: paternostpauper, 20 May 2024 08:03
Last post: Cheapsharesboy, 14 Jun 2024 13:39
Good news
The due diligence taking it's time
The market seems to have taken it as a positive sign. They are serious about the purchase. I suppose the length of time this takes is a normal procedure for such a massive private equity fund? If it wasn't, I presume they would not be as successful as they are (EQT)
Good news still in advanced discussions. Deadline now 28 June.
Looking like no deal happening?
Yes, zero sympathy for Ape & any of those short sellers tbh - they've got their just desserts.
Never timed any of my investments this well (absolute pure fluke) - bought 1150 shares at 1190 mid April in the hope of a long slow recovery.
By the way, apendragon did NOT close his short prior to takeover bid. We know it from the fact that he was bragging about his short couple of days before the bid and only retrospectively claimed he had closed
Obviously his 130000 short would have cost him about £100k in loser!
That idiot has probably now had close his betting accounts.
He was also so arrogant that he fate is deserved.
Hard lessons are always painful!!!
Started: DaddyAIM, 10 Aug 2023 15:28
Last post: moorhey, 14 Jun 2024 09:31
I was a 5 year investor in KWS: started buying at around 1200, rode the wave up to +3000; held my nerve during the drop to 2000, and then bought more as she came back to touch 3000 again before the collapse. If it wasn't for Putin, the SP would be 4000+ by now. I sold out completely in Sept-23 (thankfully, I'd cashed-in 80% of my holding before then, or I may have had a date with a revolver). Good luck to whoever buys this as I reckon they've bought it cheap.
As someone who has been invested in KWS for almost 5 years, I'm taken-aback by the fall in SP value in the past 6 months; it just makes no sense - but then the value of the company 6 months ago wasn't based on "now" but on future expectations. In year ending 31Dec2022, the company generated Eu68m profit on Eu691m t/o (approx 10%) and was valued at Eu2.45bn by the market. If you had Eu2.45bn jingling in your pocket, would you have bought KWS, or put the money into the banks paying 1.25%pa? KWS is a speculative investment, always has been - you are (in my opinion) hoping that the company develops a product (be it game, application, software etc) that is a "game changer". What is unfortunate, is that while the opportunity for that speculative breakthrough hasn't changed one jot, the recession background (war, inflation, food and energy shortages, nationalist governments) has forced the market to be more fundamental driven than speculative driven. On fundamental values, the SP could drop another 30% maybe even 50% to 760-800 because the turnover is just not good enough to justify the SP. It's a tough nut to crack - and much as I don't want to, I'm probably going to have to close my position completely. This is a great entry point for an optimist with a long time-frame; but that's not me unfortunately.
What a disaster year. Must admit i thought a buying opportunity when the sp feel to half its present value. What is going on here. Still seems a great company with a promising future. Can someone give an opinion as to what the dreadful news is that is seeing a collapse in the sp,because collapse is the description of this valuation
Look can't say more than this is a tremendeous entry point for a 12m horizon.
TAM is huge, end market have been pricing in some weakness.
KWS remains profitable and cash generative with double digit organic growth. STRONG BUY
Started: Cheapsharesboy, 27 May 2024 16:22
Last post: Cheapsharesboy, 27 May 2024 16:22
"EQT which is one of
Europe’s largest private equity managers with €242
billion in assets under management"
it's not like they would be low on cash to buy. Purely pocket money for them. That means likely to happen at 2550p.
Started: bhakoo8@aol.com, 23 May 2024 23:25
Last post: bhakoo8@aol.com, 23 May 2024 23:25
I sold as i was losing money on this share, even though this is a good company.(watching so many shorters out there.)Though i have lost out.I am so happy to learn that shorters are skinned out.
Started: sebo10, 20 May 2024 17:07
Last post: Cheapsharesboy, 23 May 2024 10:22
Offer is 2550 right?
So why is the sp 2200
Is risj of deal not going through that high??
Missed the boat on this one. A sad story though of delisting, HM government should stop the buyouts of the UKs most promising startups. No industrial policy and no idea. Conservatives deserve extinction for the last 14 useless years.
Started: Apendragon, 25 Apr 2024 10:12
Last post: lemonade311, 20 May 2024 11:32
This is funny.
He was also shorting Plus500 at £13 clearly, that hasn't gone well.
Apes short badly killed him today
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
Started: AboveMyPayGrade, 19 May 2024 15:01
Last post: doze, 20 May 2024 11:01
Added this to my workspace at the weekend intending to buy in today; pity.
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.
Started: Bostonboy14, 20 May 2024 07:53
Last post: Bostonboy14, 20 May 2024 07:53
Some of his comments haven't aged well....
Started: undercarriage, 17 May 2024 17:25
Last post: undercarriage, 17 May 2024 17:25
Some big buys today - is that shorts closing some positions?
Started: Apendragon, 18 Dec 2023 12:05
Last post: JonnyGee, 24 Apr 2024 09:37
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
Started: Apendragon, 5 Dec 2023 12:00
Last post: cambridge130, 12 Dec 2023 12:41
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!
This is a good company there's no problem other than the stupidly high share price is now reverting to the mean so to speak. I invested in this years ago and 4 bagged - could have bagged a lot more in hindsight but when I got out at that point they were riding high, so I don't regret that. The bonanza is over for this share - shareholders should be looking for the next big thing(s).
This is dropping like a piano down a mineshaft
Started: niklol, 27 Nov 2023 20:40
Last post: niklol, 27 Nov 2023 20:40
Shares tanked today 20% after bad rns today
Weaker than expected sales
Started: Apendragon, 7 Nov 2023 09:10
Last post: Apendragon, 27 Nov 2023 20:21
Oh dear 6% drop on no news. TU obvs going to be dire - 30% drop?
If a low quality company, why are you keen to buy at very low price. There are some excellent Aim companies out of favour,just now. Surely that is a sounder investment !
Still overbought in my humble opinion. Might take a punt below 900p
Started: Apendragon, 18 Oct 2023 15:48
Last post: Apendragon, 18 Oct 2023 15:48
Currently almost 4% of shares are borrowed…
Started: stargate, 14 Sep 2023 02:41
Last post: Apendragon, 11 Oct 2023 17:24
Not as bad as today. Over priced, low quality stocks do tend to drop massively you ignoramous!
Crazy drop today
Well how much lower can this go? The NT has bought KWS which for most other stocks seems to result in a sp increase.
Falling price peaks and troughs, in KWS, is the definition of a downtrend. Since conventional wisdom is to invest in an uptrend, the best advice would be to invest in a share displaying traditional uptrend of higher peaks and higher troughs.
Started: DaddyAIM, 25 Sep 2023 07:59
Last post: DaddyAIM, 25 Sep 2023 07:59
Should alleviate some headwinds to the story...
Started: Apendragon, 12 Sep 2023 09:29
Last post: Cheapsharesboy, 13 Sep 2023 14:05
Arrogant moron
Hope he loses a lot this year.
🙏
Looks like he would have stopped bragging about his short now. Probably sitting at a loss now since he must have added on the drop. Best of luck to real Investors!
Who cares?
Short selling is for mugs....
Fair play
Started: Deadly4U, 13 Sep 2023 13:49
Last post: Deadly4U, 13 Sep 2023 13:49
Very strange sp action since results dropped :D
Started: moorhey, 21 Jun 2023 09:28
Last post: moorhey, 21 Jun 2023 09:28
KWS has announced the appointment of Robert Kingston as its new chief financial officer from 1 July 2023.
The company added that Jon Hauck, its current chief financial officer, will assume the role of chief operating officer on 1 July, ensuring a smooth transition of responsibilities within the company's leadership structure.
Keywords noted that Kingston brings with him a wealth of experience in finance and operations within the technology and media sectors. His previous position was as CFO of Flutter Entertainment's UK and Ireland division, where he showcased his abilities in managing finance for acquisitive and internationally-focused companies. Prior to that, he held several senior finance and operational roles at Sky PLC over a span of 25 years, including finance director of Sky's Content Business and group director of Investor Relations.
Started: moorhey, 25 May 2023 16:45
Last post: niklol, 5 Jun 2023 16:21
Thanks
I have emailed their investor relations team to ask if they know of any reason and will make an announcement.
And not a mention of anything from the BoD - are they all on holiday?
"goldman sachs has done an 'AI bear' ETF which shorts KWS." Apparently. Big squeeze from powerful forces. No idea where the sp will end up.
I'm also clueless
Started: TruthTeller1, 4 May 2023 17:44
Last post: Scoobydoo321, 24 May 2023 14:38
Slumping 10% in 1.5 trading days. Shocking, whilst latest update was they were performing well.
Well my own headline would haunt me, was not my intention. Profoundly sorry to hear about the Chairman’s passing away. He passed away 2 weeks before his retirement yet here we are trying to save for our retirement!!!
Chairman Ross Graham paased away today
Sadly yes
goldman sachs has done an 'AI bear' ETF which shorts KWS
Started: CityWatcher, 15 Mar 2023 14:17
Last post: moorhey, 30 Mar 2023 12:38
Plenty of support following todays news on the acquisition. The future looks bright.
Well CW it is not a share for the Dividend, but an investment, long term in a well run young company. Like all Aim shares there is a buyer beware warning. Keywords is a far safer investment than most Aim companies,unless you have inside information to the contrary.
So up 10% for their dividend makes peanuts of a difference on a very poor dividend yield. Shares are very expensive. Be careful is my advice to investing in this stock.
Started: moorhey, 15 Sep 2021 11:40
Last post: moorhey, 9 Jan 2023 10:53
15 months on from hitting an all-time-high of 3302 on 3rd Sept 2021, KWS hits a 12-month high of 3056 on 2nd Dec 2022.
In between, there's been plenty of ups and downs (1950 on 7th March 2022), but the recent trend has been up - as has been the trading figures. Fingers crossed that we see an SP of 4000+ in 2023.
I agree with you PYUECK: it's disappointing that a good interim report is accompanied by a 5% fall in SP but, as I'm not one of the sellers and I'm most unlikely to sell any shares in the next 12 months, I'm not particularly bothered about the recent dip as the results are positive and profits are being declared - which can't be bad for an IT company.
I think the results are great, but so has been the share price rise over the last year. EPS of a currency translated around 17p, lets make it 34p for a full year. Share price is around £30 so we are looking at a P/E ratio approaching 90x. Dividend was of course welcome but at only 0.7p I suspect it may have made made some investors sit up and think that needs to rise an awful lot before that share price can be justified.
Let's hope revenues and profits keep rising, and definitely a great company. However valuation looks high to me and I think that many may be looking to sell at these levels.
Agreed makes great reading…..why the price fall? Puzzled
Great results posted today:
Strong H1 revenue growth (+37.6% to €238.7m), despite some continued COVID-19 related operational constraints
· Organic Revenue up 22.9% (H1 2020: 8.0%, FY 2020: 11.7%) with all service lines performing well against the comparative period, when a number were held back by COVID-19 constraints
· Growth driven by robust demand, supported by a buoyant video games market focused on a return to developing new content following production delays and disruption in 2020
· Some ongoing operational disruption as a result of local COVID-19 measures, but the Group continues to operate flexibly across all service lines to deliver market-leading service to clients
Continued growth in profitability and cash generation driving strong balance sheet and liquidity
· Adjusted EBITDA up 64.6% to €50.7m, with margin up 3.4% pts to 21.2% (H1 2020: 17.8%)
· Strong cash conversion with Adjusted Free Cash Flow6 of €37.7m (H1 2020: €10.9m) and an Adjusted Cash Conversion rate of 94.9% (H1 2020: 50.2%)
· Net cash of €84.1m (H1 2020: €101.0m, FY 2020: €102.9m), after €44.7m net cash spend on acquisitions in H1, and a €100m undrawn Revolving Credit Facility
Resumed progressive dividend policy
· Interim dividend of 0.70p per share declared representing an increase of 20.7% on the 2019 interim dividend (H1 2020: 0.00p, H1 2019: 0.58p)
Started: CityWatcher, 3 Aug 2022 13:31
Last post: CityWatcher, 3 Aug 2022 13:31
Risen well today already, but I expect there is more to come pre their results in later Sept.
Back in London, Keywords Studios rose 6.4%. The firm is "confident" of beating market expectations in 2022, after a strong first half. First half revenue rose 34% year-on-year to EUR320 million, the Dublin-based firm said.
Started: Troajan, 13 Jun 2022 11:37
Last post: niklol, 15 Jun 2022 12:42
Why the big drop today???