Keywords Studios (KWS)

Sector:

Leisure Products

Index:

FTSE AIM 50

1,424.00p
   
  • Change Today:
    -2.00p
  • 52 Week High: 2,808.00
  • 52 Week Low: 1,275.00
  • Currency: UK Pounds
  • Shares Issued: 78.93m
  • Volume: 288,548
  • Market Cap: £1,123.93m

Keywords Studios acquires Indigo Pearl and Jinglebell

By Josh White

Date: Thursday 17 Dec 2020

LONDON (ShareCast) - (Sharecast News) - Video games technical and creative services provider Keywords Studios announced the acquisitions of Indigo Pearl and Jinglebell Communications on Thursday.
The AIM-traded firm said the acquisitions would further its strategy to become the "go-to" technical and creative services platform for the global video games industry.

It said Indigo Pearl, led by Caroline Miller and founded in 2000, is a full service public relations (PR) agency specialising in the video game sector.

Based in London, its 10-person team covered traditional as well as social media and influencer-driven campaigns.

The company also provided technology-enabled asset management solutions through its 'PXN' and 'DXN' digital platforms, to ensure fully audited access to its clients' marketing and PR materials for consumer and trade press and influencer-based communications.

Indigo Pearl's clients included Epic Games, Google Stadia, Devolver Digital, Sony PlayStation, Ubisoft Entertainment and Niantic.

For the 2020 calendar year, Indigo Pearl was expecting to generate revenue of £1.8m and adjusted EBITDA of £0.28m.

Under the terms of the acquisition, Keywords Studios said it would pay initial consideration of £1.1m in cash and the equivalent of £0.5m in new shares on the first anniversary of completion, and would then be subject to orderly market provisions for a further year.

Deferred consideration of up to £0.4m in cash would be paid to the seller three years from completion, subject to certain conditions being met.

Jinglebell, meanwhile, was founded in 1981 by Carlo Forester and is based in Milan, and was described by Keywords as a boutique recording studio that provided audio recording, music production and sound design for video games and advertisements.

Its team of 18 staff delivered "thousands" of audio files every year for leading game publishers such as Activision, Electronic Arts, Sega, Square Enix, as well as major companies such as Barilla, L'Oreal, Vodafone and Nestlé.

Jinglebell was expected to produce revenue of €2.1m and EBITDA of €0.1m for the year ending 31 December, and under the terms of the acquisition, Keywords was paying cash consideration of €1.5m and the equivalent of €0.3m in new ordinary shares on the first anniversary of completion, which would then be subject to orderly market provisions for a further year .

""We look forward to working with the highly experienced and creative teams at Jinglebell and Indigo Pearl, supporting their growth and building further on our reputation as the leading provider of highly specialised video games services around the world," said chief executive officer Andrew Day.

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KWS Market Data

Currency UK Pounds
Share Price 1,424.00p
Change Today -2.00p
% Change -0.14 %
52 Week High 2,808.00
52 Week Low 1,275.00
Volume 288,548
Shares Issued 78.93m
Market Cap £1,123.93m

KWS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
47.52% below the market average47.52% below the market average47.52% below the market average47.52% below the market average47.52% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
52.88% below the market average52.88% below the market average52.88% below the market average52.88% below the market average52.88% below the market average
16.67% below the sector average16.67% below the sector average16.67% below the sector average16.67% below the sector average16.67% below the sector average
Income
96.15% below the market average96.15% below the market average96.15% below the market average96.15% below the market average96.15% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
26.26% below the market average26.26% below the market average26.26% below the market average26.26% below the market average26.26% below the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average

What The Brokers Say

Strong Buy 5
Buy 7
Neutral 1
Sell 0
Strong Sell 0
Total 13
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

KWS Dividends

  Latest Previous
  Final Interim
Ex-Div 23-May-24 05-Oct-23
Paid 28-Jun-24 27-Oct-23
Amount 1.76p 0.85p

Trades for 18-Mar-2024

Time Volume / Share Price
16:37 19,348 @ 1,422.25p
16:36 4,905 @ 1,415.39p
16:35 40,126 @ 1,424.00p
16:35 119 @ 1,424.00p
16:35 5 @ 1,424.00p

KWS Key Personnel

CEO Bertrand Bodson
CFO Robert Kingston

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