Jaywing (JWNG)

Sector:

Media

Index:

FTSE AIM All-Share

9.50p
   
  • Change Today:
    -0.75p
  • 52 Week High: 12.50
  • 52 Week Low: 8.35
  • Currency: UK Pounds
  • Shares Issued: 93.33m
  • Volume: 0
  • Market Cap: £8.87m

Jaywing to buy Australia's Massive Group

By Frank Prenesti

Date: Thursday 07 Jul 2016

LONDON (ShareCast) - (ShareCast News) - Jaywing, an AIM-listed UK-based firm specialising in the application of data science, said it has bought Massive Group, a search marketing agency based in Sydney, Australia.
The company will make an initial cash payment of AUD$2m for a 75% stake, plus an earn out consideration of up to AUD$2 million, which will be payable in three instalments over the next two years, subject to the future performance of Massive.

From July 2020, Jaywing will be able to buy the remaining 25% via a put and call option at a multiple of its average audited EBITDA for the previous two financial years, subject to a maximum total consideration payable of AUD$12m for the entire business.

Massive specialises in search marketing, the adoption of which is growing quickly in Australia, Jaywing said.

Its clients include a broad range of companies such as Wedgwood, Waterford Crystal, Royal Doulton, Century 21 and Amber Tiles. Massive has experienced strong revenue growth over the past three years with revenue growing by more than 300% in this period.

Jaywing has a small search marketing team in Sydney. The purchase allows it to consolidate its existing client relationships and take full advantage of the rapidly growing market in Australia, it said.

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.

 

Jaywing Market Data

Currency UK Pounds
Share Price 9.50p
Change Today -0.75p
% Change -7.32 %
52 Week High 12.50
52 Week Low 8.35
Volume 0
Shares Issued 93.33m
Market Cap £8.87m

Jaywing Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
27.43% above the market average27.43% above the market average27.43% above the market average27.43% above the market average27.43% above the market average
37.04% above the sector average37.04% above the sector average37.04% above the sector average37.04% above the sector average37.04% above the sector average
Income Not Available
Growth
57.7% below the market average57.7% below the market average57.7% below the market average57.7% below the market average57.7% below the market average
66.04% below the sector average66.04% below the sector average66.04% below the sector average66.04% below the sector average66.04% below the sector average

Jaywing Dividends

No dividends found

Trades for --2022

Time Volume / Share Price
0 @ 0.000p

Jaywing Key Personnel

CEO Andrew Robert Fryatt

Top of Page