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Kewill - Acquires generic shipping module for international trade

May 2004

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • KWL
  • Price:
  • 68p
Since last month's write up, and as expected at that time, Kewill has announced an acquisition which adds a generic shipper module to its software portfolio, and has also issued a very positive trading update. The initial consideration being paid for Paral of India and the software & IP assets of ShipNow, which are being acquired as a single package, is US$3.05m (US$1.75m in cash plus new shares). In addition, there is a deferred consideration of up to US$9.12m based on sales of the ShipNow product over the next three years (with a level of US$39.6m required to trigger the maximum payment).   ShipNow is similar to the existing KewillShip product for high-end US customers.  The reasons for Kewill completin ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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