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Kambi

Share information

View information on the share, major shareholders and insiders, risk factors and analyst coverage.

Total number of shares in Kambi: 30,975,697 

    Kambi is listed on First North Growth Market at Nasdaq Stockholm. First North Growth Market is an alternative marketplace and companies on First North Growth Market are not subject to the same rules as companies on the regulated main market. Instead they are subject to a less extensive set of rules and regulations adjusted to small growth companies. The risk in investing in a company on First North Growth Market may therefore be higher than investing in a company on the main market. All companies with shares traded on First North Growth Market have a Certified Adviser who monitors that the rules are followed. The Exchange approves the application for admission to trading.

    Date & Time: 2021-10-20 13:41 (GMT+01:00)

    Stock Latest Price Ask Bid Latest High Price Latest Low Price Volume Return today MCAP Return this year ATH
    KAMBI 213.8 SEK 213.8 SEK 213.4 SEK 215.8 SEK 212.0 SEK 51603 -0.7% 6 640 MSEK -44.9% 547.0 SEK
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    KAMBI
    Stock Kambi Group
    Stock KAMBI
    Latest Price 213.8 SEK
    Ask 213.8 SEK
    Bid 213.4 SEK
    High 215.8 SEK
    Low 212.0 SEK
    ATH 547.0 SEK
    Return today -0.7%
    MCAP 6 640 MSEK
    Return this year -44.9%
    Total return this year -44.9%
    Year Low 183.2 SEK
    Year High 547.0 SEK
    Turnover 11,045,649.10 SEK
    Volume 51603

    Period

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    Initial Investment

    Please state the number of shares OR the value of your investment, at the beginning of the time period.

    Date Event Terms Stock price No. of shares Reinvested value Sum of reinvested value Value inclusive reinvestment Value exclusive reinvestment

    Period

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    Initial Investment

    Please state the number of shares OR the value of your investment, at the beginning of the time period.

    Date Event Terms Stock price No. of shares Reinvested value Sum of reinvested value Value inclusive reinvestment Value exclusive reinvestment

    The ownership structure of Kambi is shown below:

     
     
     
     
     

    Source: Monitor by Modular Finance. Compiled and processed data from various sources, including Euroclear, Morningstar and the Swedish Financial Supervisory Authority (Finansinspektionen). The verification date may vary for certain shareholders.


     

    Kambi Group plc is registered in Malta and obliged to follow the Code of Principles of Good Corporate Governance set by Malta Financial Services Authority (MFSA).

    Regulation (EU) No 596/2014 of the European Parliament and of the Council on market abuse (Market Abuse Regulation), Article 19, says that persons discharging managerial responsibilities must comply with the notification rules set by the Member State where the issuer is registered.

    According to the MFSA and NASDAQ OMX First North rules, Kambi has an obligation to maintain a list of insiders' transactions. These transactions are registered with the MFSA https://www.mfsa.com.mt/firms/capital-markets/short-selling-regulation/pdmr-notifications/

    Reported Insider Instrument Type Delta Price Relative change Holding Transaction date
    2021-09-09 15:18 Patrick Clase KAMBI Acquisition +4,381 +11.6% 42,000 2021-09-07
    2021-09-01 10:10 Cecilia De Leeuw KAMBI Acquisition +200 +40.0% 700 2021-08-25
    2021-08-26 11:45 Lars Stugemo KAMBI Acquisition +1,775 +5.9% 31,905 2021-08-25
    2021-03-22 11:35 Cecilia De Leeuw KAMBI Acquisition +500 New 500 2021-03-17
    2021-03-03 12:25 Erik Lögdberg KAMBI Disposal -14,390 -23.4% 47,229 2021-03-02
    2021-03-03 12:25 Erik Lögdberg KAMBI Disposal -10,000 -14.0% 61,619 2021-03-01
    2021-02-16 14:49 Veralda Investment Ltd KAMBI Disposal -675,000 -11.1% 5,428,564 2021-02-11
    2021-01-11 13:21 Kristian Nylén KAMBI Disposal -14,950 -2.0% 720,000 2021-01-08
    2021-01-11 13:20 Kristian Nylén KAMBI Disposal -30,050 -3.9% 734,950 2021-01-07
    2020-12-09 11:03 Erik Lögdberg KAMBI Disposal -500 -0.7% 71,619 2020-12-04
    2020-09-30 13:00 David Kenyon KAMBI Disposal -26,000 -42.1% 35,830 2020-09-30
    2020-09-29 11:50 Max Meltzer KAMBI Disposal -1,650 -100.0% - 2020-09-28
    2020-09-29 10:08 Chris Fox KAMBI Disposal -8,000 -100.0% - 2020-09-29
    2020-03-25 15:20 Chris Fox KAMBI Acquisition +8,000 New 8,000 2020-03-24
    2020-03-18 12:00 Patrick Clase KAMBI Acquisition +1,000 +2.7% 37,619 2020-03-18
    2020-03-16 16:08 Patrick Clase KAMBI Acquisition +2,000 +5.9% 35,619 2020-03-13
    2020-03-16 12:00 Patrick Clase KAMBI Acquisition +1,000 +2.8% 36,619 2020-03-16
    2020-01-07 08:12 Cecilia Wachtmeister KAMBI Acquisition +2,500 +33.3% 10,000 2019-12-27
    2019-12-16 11:22 Veralda Investment Ltd KAMBI Disposal -1,300,000 -17.6% 6,103,564 2019-12-12
    2019-04-30 09:19 Cecilia Wachtmeister KAMBI Acquisition +1,500 +24.7% 7,580 2019-04-25
    2019-03-06 09:08 Veralda Investment Ltd KAMBI Acquisition +125,000 +1.7% 7,403,564 2019-03-05
    2019-03-05 10:46 Patrick Clase KAMBI Acquisition +500 +1.5% 33,619 2019-03-04
    2019-03-05 10:44 Patrick Clase KAMBI Acquisition +2,000 +6.4% 33,119 2019-03-04
    2019-02-26 12:53 Lars Stugemo KAMBI Acquisition +1,300 +4.2% 32,380 2019-02-22
    2019-02-25 14:39 Marlene Forsell KAMBI Acquisition +557 New 557 2019-02-19
    2019-02-20 11:13 Patrick Clase KAMBI Acquisition +1,000 +3.3% 31,119 2019-02-19
    2019-02-20 11:12 Patrick Clase KAMBI Acquisition +2,500 +9.1% 30,119 2019-02-19
    2018-05-09 02:00 Bellflower AB KAMBI Acquisition +2,900 - - 2018-05-08
    2017-11-22 01:00 Bellflower AB KAMBI Disposal -23,230 - - 2017-11-20
    2017-11-22 01:00 Bellflower AB KAMBI Acquisition +23,230 - - 2017-11-20
    2017-11-22 01:00 Bellflower AB KAMBI Acquisition +23,230 - - 2017-11-20
    2017-11-22 01:00 Isyra LTD KAMBI Disposal -23,230 - - 2017-11-20
    2017-08-03 02:00 Lars Stugemo Kambi Acquisition +2,000 - - 2017-08-03
    2016-11-03 01:00 Lars Stugemo KAMBI Acquisition +2,000 - - 2016-11-02
    Reported Insider Instrument Type Delta Price Relative change Holding Transaction date
    2020-09-17 08:33 Kristopher Saw KAMBI Disposal -5,000 -26.7% 13,732 2020-09-15
    2020-09-17 08:33 Kristopher Saw KAMBI Exercise increase +5,000 +26.7% 23,732 2020-09-15
    2020-09-04 13:00 David Kenyon KAMBI Disposal -21,000 -25.4% 61,830 2020-09-04
    2020-09-03 16:48 Erik Lögdberg KAMBI Exercise increase +60,000 +83.2% 132,119 2020-09-02
    2020-09-03 14:00 Erik Lögdberg KAMBI Disposal -60,000 -83.2% 12,119 2020-09-03
    2020-09-03 13:00 David Kenyon KAMBI Exercise increase +40,000 +93.4% 82,830 2020-09-03
    2020-09-02 15:27 Kristopher Saw KAMBI Disposal -5,000 -26.7% 13,732 2020-09-02
    2020-09-02 15:26 Kristopher Saw KAMBI Exercise increase +5,000 +26.7% 23,732 2020-09-01
    2020-03-17 12:00 David Kenyon KAMBI Exercise increase +7,500 +17.7% 49,830 2020-03-17
    2020-03-16 16:10 Kristian Nylén KAMBI Subscription +300,000 +64.5% 765,000 2020-03-12
    Insider owner Insider Position Num. of shares Capital Votes Value Verified
    Veralda Investment Ltd Anders Ström
    Board member
    5,428,564 17.48% 17.48% 1 160.63 MSEK 2021-09-30
    Kristian Nylén Kristian Nylén
    CEO
    720,000 2.32% 2.32% 153.94 MSEK 2021-09-30
    Erik Lögdberg Erik Lögdberg
    Other position
    47,229 0.15% 0.15% 10.10 MSEK 2021-09-30
    David Kenyon David Kenyon
    Other position
    42,830 0.14% 0.14% 9.16 MSEK 2021-09-30
    Patrick Clase Patrick Clase
    Board member
    42,000 0.14% 0.14% 8.98 MSEK 2021-09-07
    Lars Stugemo Lars Stugemo
    Chairman
    31,905 0.10% 0.10% 6.82 MSEK 2021-08-25
    Cecilia Wachtmeister Cecilia Wachtmeister
    Other position
    10,000 0.03% 0.03% 2.14 MSEK 2021-03-17
    Marlene Forsell Marléne Forsell
    Board member
    1,700 0.01% 0.01% 0.36 MSEK 2021-03-17
    Cecilia De Leeuw Cecilia de Leeuw
    Board member
    700 < 0.01% < 0.01% 0.15 MSEK 2021-08-25
    Total 6,324,928 20.37% 20.37% 1 352.27 MSEK


    Insider Transactions
    Insider Transactions represent regular trades executed on the relevant stock exchange or OTC.

    Other Insider transactions
    Other Insider transactions are for instance exercise of options, incentive programs, share issues and lending of shares.

    In 2013, Kambi implemented a Share Option Plan to incentivise certain management individuals and key employees. To date, 961,000 options to acquire shares in Kambi have been granted, of which 44,500 are outstanding.

    In 2018, Kambi implemented a Share Option Plan, under which 452,500 options to acquire shares in Kambi have been granted and have now vested, of which 344,500 are outstanding.

    In 2019, Kambi implemented a Share Option Plan, under which 403,000 options to acquire shares in Kambi have been granted, of which 289,000 are outstanding.

    In 2020, Kambi implemented a Share Option Plan, under which 418,484 options to acquire shares in Kambi have been granted, of which 362,484 are outstanding.

    In 2021, Kambi implemented a Share Option Plan, under which 283,500 options to acquire shares in Kambi have been granted, of which 283,500 are outstanding.

    The amount of any dividends to be paid to Kambi Group plc shareholders in the future will depend upon several factors, including profitability, financial position and any future cash flow and working capital requirements of the business.

    Kambi will focus initially on scaling its business to achieve long-term profitability and a stable business platform upon which results can be forecasted with greater predictability.

    In the short term, any available funds will be used to secure Kambi’s financial position and continue the expansion of its business and development of its product offering.

    In the future, the dividend policy is likely to be based around Kambi’s free cash flow, after taking account of working capital requirements, capital investments and tax payments.

    In addition to the above, Kambi’s Board may also choose to distribute one-off dividends or execute share buy backs if the Board considers that Kambi has generated surplus cash that it does not require either to fund its normal operations, acquisitions or other corporate development projects.

    When considering both regular and one-off distributions, the Board will take into account the overall requirement to ensure that an appropriate capital structure is maintained.

    Any resolution on distribution of profits will be adopted by the Annual General Meeting and any payments will be handled by Euroclear. Anyone who is registered as a shareholder in the register of shareholders maintained by Euroclear on the record day of the dividend set by resolution of the Annual General Meeting will be entitled to a dividend.

    Dividends would normally be paid out as a cash amount per share via Euroclear, but could also consist of something other than cash, such as a distribution in kind. If a shareholder cannot be reached for receipt of the dividend, the shareholder’s claim against Kambi will remain and will be limited only by the general rules of limitation. Upon expiry of the period of limitation, the entire amount will fall to the Company. Kambi does not apply any restrictions or special procedures for cash dividends to shareholders residing outside of Sweden. With the exception of any limitations imposed by banking and clearing systems, payments would take place in the same manner as for shareholders residing in Sweden.

    Any investment in shares involves risks. A number of factors affect, or could affect, Kambi’s business, financial condition and results of operations, directly as well as indirectly. Described below, in no particular order and without claim to be exhaustive, are some of the risk factors and significant circumstances considered to be material to the Company’s business and future development. Investors should carefully consider the following risk factors in addition to the other information contained in this Company Description. If any of these risks were to materialise, this could have an adverse effect on the Company’s business, financial condition or results of operations.

    The risks described below are not the only risks to which the Company and its shareholders may be exposed. Additional risks and uncertainties that are not currently known to the Company, or that the Company currently believes are immaterial, may also adversely affect its business, financial condition or results of operations. Any such risks could also cause the trading price of Kambi’s shares to decline significantly.

    Regulatory and political Environment

    The Group’s core business is strictlyregulated by law in the markets where Kambi and its operators operate. Accordingly, political decisions, court rulings or changes in laws in the countries where Kambi or its operators have licences or commercial interests could have a material adverse effect on Kambi’s business and operations. Regulatory changes can also have a positive impact, enabling us to access a market which becomes regulated or re-regulated.

    Risks related to IT

    Kambi’s business is dependent on IT systems. System failures and other events that affect operations could have a material adverse effect on its business and results. The risk is mitigated by using continuous monitoring to detect any problems as early as possible. All critical servers are duplicated, i.e. if one server fails, another will immediately take over. Following any downtime, a detailed analysis is performed to ensure that the underlying reason for the downtime is understood and rectified.

    Match fixing

    Match fixing is defined as the manipulation of an event where the participants seek to fix the outcome for financial gain. To reduce the financial impact of this risk, Kambi has internal systems and alerts in place to highlight any indications of match fixing. We also collaborate with industry watchdogs and regulators. If match fixing were to lead to changes in regulatory environments, this could impact the results of operators and therefore Kambi’s financial performance.

    Sport-specific IPR

    In certain jurisdictions, regulators have begun to impose charges on licence holders for the right to offer odds, access data and use trademarks on certain sports. Any future changes in these charges could impact Kambi’s financial position.

    Dependency on key operators

    A majority of Kambi’s revenue is currently generated from a few large operators. The loss of business with Kambi’s major operators could have a material adverse effect on the Group’s business.

    Underlying performance of operators

    Kambi’s financial performance depends on the underlying performance of its operators. This is a result of Kambi’s business model whereby the commission received is set as a portion of the operators’ net gaming revenue. A decline in the financial performance of Kambi’s operators could have a material effect on the Group’s financial position. Operators’ sports betting gross margins can vary significantly from one period to the next, depending on the outcome of sporting events.

    Dependence on key personnel and skilled employees

    The future success of Kambi will significantly depend on the full involvement of the board of Directors, management and certain key individuals. If one or more of these individuals were to resign or otherwise not be able to perform relevant duties, this might have an adverse effect on the Group’s financial performance and reputation.

    Competition and price pressure

    Kambi’s growth depends on its ability to develop and sell competitive products and services. The ambition is to continue striving to offer the best B2B Sportsbook in the market and to build on the customer portfolio with successful and loyal operators.

    Foreign currency risk

    Foreign exchange risks exist in the form of both transaction risks and translation risks. In the case of our operators handling transactions in a different currency to that which the invoice is issued in, currency movements can have an impact on the revenues generated by Kambi. Transaction risks occur in conjunction with purchases and sales of products and services in currencies other than the respective company's local currency. Translation risks occur in conjunction with the translation of the income statements and balance sheets of foreign subsidiaries into EUR. Sales are primarily made in EUR. The Group’s purchases of services and overhead costs, however, are primarily in GBP and SEK. Changes in the valuation of EUR in relation to other currencies can thus have both positive and negative effects on the Group’s profit and financial position. Currency risk is to some degree managed by means of holding funds on short-term deposit in the currencies of the Group’s principal cash outflows.

    Tax risks

    Kambi conducts its business in accordance with its interpretation and understanding of the applicable tax laws and treaties, case law and the requirements of relevant tax authorities in the countries where it operates. Changes to regulatory, legislative and fiscal regimes in key markets could have an adverse effect on the group’s results and additional costs may be incurred in order to comply with any new laws or regulations. In managing its taxation affairs, including estimating the amounts of taxation due, Kambi relies on the exercise of judgment concerning its understanding of, and compliance with, those laws assisted by professional advice.

    Risk related to convertible bond

    In 2014, Kambi Group plc issued a €7.5 million convertible bond to a wholly owned subsidiary of Kindred Group plc. This agreement was extended in July 2018, until December 2023. According to the terms of the convertible bond, the Company is obliged to procure that certain events listed in the agreement do not take place, unless with the prior consent of the lender. In case of a conversion, Kindred Group plc would obtain a controlling influence over Kambi, consequently having the power to control the outcome of most matters to be decided by vote at a shareholders’ meeting.

    ABG Sundal Collier
    Erik Moberg
    Phone: +46 (0) 8 566 286 87

    Danske Bank 
    Viktor Högberg
    Phone: +46 (0) 8 568 805 61

    Pareto Securities
    Marlon Värnik
    Phone: +46 (0) 72 401 08 02

    Kambi is followed by the analysts listed above. Please note that any opinions, estimates or forecasts regarding Kambi’s performance made by these analysts are the analysts’ alone and do not represent opinions, forecasts or predictions of Kambi or its management. Kambi does not by its reference above or distribution imply its endorsement of, or concurrence with, such information, conclusions or recommendations.

    Financial results and presentations

    Annual general meeting