Keywords Studios, StatPro Group & Redde - research updates
Following our previous Premium Research notes, we issue an update on high flying Keywords Studios (AIM:KWS) and StatPro Group (AIM:SOG) and high yielding Redde (AIM:REDD). Read on here...
Keywords Studios (AIM:KWS) Update Share price – 1700p. Market capitalisation – £1,070m. Since we covered Keywords Studios a year ago (’Grab a slice of the booming video games industry with this AIM high flyer!’), the share price has more than doubled, pushing the Group’s market capitalisation over £1bn. Having increased by 66.5% in 2016, revenues climbed by a further 57% in 2017, reaching €151.4m. Brokers are now forecasting a 65% jump in the current year, taking the top line to around €250m. Recall that this is a Dublin-headquartered, international business whose earnings are primarily in US dollars and euros; hence,…