Keywords Studios (KWS)

Sector:

Leisure Products

Index:

FTSE AIM 50

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

Keywords Studios acquires 85% stake in Australian video games developer

By Iain Gilbert

Date: Thursday 18 Mar 2021

LONDON (ShareCast) - (Sharecast News) - Video games industry technical and creative services provider Keywords Studios has acquired an 85% interest in Australian multi-platform title developer Tantalus in a deal valued up to $46.8m.
Keywords said the move would further its strategy to become the "go-to" technical and creative services platform for the global video games industry, as well as marking its entry into the Australian video games market.

Under the terms of the agreement, Keywords will pay an initial consideration of $30.6m for the stake, comprised of $18.4m in cash from existing resources, the equivalent of $12.2m in new ordinary shares and a deferred consideration of up to $16.2m, in a mix of cash and new ordinary shares, based on performance targets over two years.

The AIM-listed group highlighted that Tantalus had "grown strongly" in recent years, generating adjusted underlying earnings of roughly $6.0m in 2020.

Joint-interim chief executive Jon Hauck said: "Tantalus brings 27 years of experience of video game development in Australia for some of the largest global publishers and leading titles.

"We are delighted to welcome Tantalus to the Keywords Studios family. As our first investment in Australia, we are very excited to work with Tom and his talented team who will bring invaluable expertise and market knowledge as we expand our presence in this attractive and growing region."

As of 0915 GMT, Keywords shares were up 2.32% at 2,380.0p.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

KWS Market Data

Currency UK Pounds
Share Price 1,424.00p
Change Today -2.00p
% Change -0.14 %
52 Week High 2,808.00p
52 Week Low 1,275.00p
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

Top of Page