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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Codemasters Group Holdings Plc | CDM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 602.00 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 602.00 | 602.00 |
| Top Posts |
|---|
Posted at 20/1/2021 19:00 by ali47fish does that mean that even if there is another bid , cdm will not be able to go for a higher one |
Posted at 13/1/2021 09:43 by mammyoko TTWO can't make another offer within 12 months without the consent of the Panel. Panel consent would only be given if CDM recommended the new bid.Market is saying that no further interested parties are likely to want to go head to head with EA. Arbs buying at 650p in the last few days screwed. |
Posted at 26/12/2020 23:34 by thewheeliedealer Hi all,My mate Peter @Conkers3 and myself did a ‘Twin Petes Investing’ Podcast a few days before Xmas and part of our discussion includes CDM and the potential in other video gaming stocks. We also chatted about loads of other Stocks and Ideas for research. We discussed the outlook for Markets and the most likely roadmap for the next couple of months, and as usual a fair bit of educational stuff with regards to Investing. Anyway, if you use Youtube, Apple, Audioboom, Overcast or Spotify you can find it under the 'Conkers Corner' Channel (you want Podcast TPI 38) and you can find it on Soundcloud at the link below. I hope you enjoy it and find it useful, we try to keep them light and they are totally unscripted, not like all the stuffy financial fodder you are probably more used to !! Season’s Greetings !! WD @wheeliedealer |
Posted at 14/12/2020 07:36 by shanklin "72.6 per cent. to the Closing Price per Codemasters Share of 350 pence on 22 September 2020, being the date of Take-Two's initial proposal to Codemasters;"But no RNS about this until 06-Nov. So arguably a false market in CDM shares for circa 6 weeks. Looking forward (not) to compensation for having sold on 02-Oct-20. |
Posted at 03/12/2020 13:18 by gadolinium64 How much attention do shareholders complaining that the offer is too low actually pay to Codemasters games and player responses?One good metric of the popularity of games is number of Twitch viewers (i.e. people watching others play live on the biggest streaming site). Lately every time I check the number for Dirt 5 - CDM's much-touted new next-gen release - it's in single figures, which indicates a troubling lack of interest. They can't be happy with that result, given how expensive these games are to develop. F1 is more popular, but can it keep driving the company's growth on its own? Rather than CDM being undervalued, I think it only looks cheap next to UK peers like FDEV and TM17, which are exceptionally expensive, as investors seem to have pretty exuberant visions of unending growth. |
Posted at 13/11/2020 13:49 by gadolinium64 I think this takeover offer is probably closer to fair value than 'a steal'. Of course Codemasters management have talked up the company's growth prospects, but other than the F1 franchise, most of their recent games appear to have sold quite poorly (Onrush, Grid 2019, the two SMS titles, and now Dirt 5, which charted at a lowly 38 on current-gen consoles). Dirt Rally is strong in its niche, but rally racing is less popular than F1.The reality is that as an independent company CDM can never hope to become 'number 1 for racing' (Sagnier's supposed ambition) when they are up against big-money franchises like Microsoft's Forza, Sony's Gran Turismo, and EA's Need for Speed. I don't know what their future will hold under Take-Two, but from a shareholder perspective TTWO is actually a marginally better-value company (with a much more diversified portfolio) than CDM, and, while much larger, by no means ex-growth (being a third of the size of the biggest US gaming giant, Activision Blizzard). |
Posted at 13/11/2020 13:17 by stuffee ROIt appears TTWO intends to acquire TTWO by a Scheme of Arrangement which will require 75% approval from shareholders voting at an EGM - a considerably higher threshold than a conventional offer, albeit I guess TTWO could switch to a conventional offer mechanism with the expense of additional stamp duty. Very interesting that Threadneedle was buying CDM two days ago, albeit modest amounts and wouldn't be too difficult to encourage others to block this. Also highly relevant that apart from the heavily incentivised directors, TTWO obtained zero irrevocables to support the offer. Think it will be difficult to force TTWO to increase meaningfully in the absence of a counter offer. Unless new cavalry appear over the hill with a reasonable offer, I would like to see this proposal lapse. CDM appear to be trading well with excellent prospects and now that the Board has signalled willingness to engage in negotiations for an offer, I guess good chance of some interesting alternative turning up after this nonsense expires. |
Posted at 09/11/2020 12:14 by stuffee MelodyCould u (or any other) pls post Sagnier's email address. I tried to email him yesterday to explain ludicrous terms that provided massive benefit to TTWO at CDM shareholders expense etc, with $800m gain in TTWO's market cap following announcement etc, but my email bounced back. Even if CDM only received half this gain, its shareholders would be entitled to an additional 200p per share, ($400m @ $1.3 with 152m share in issue). If 10 of the posters on this site email him or Gerhard Florin, the Chairman, explaining their view, they just might reconsider. I guess proposal will proceed by a Scheme of Arrangement that will require approval from 75% of shareholders and hopefully the Board and their heroic advisers at Jefferies will realise that we don't like being legged over by TTWO and Goldman, and there is a realistic chance Scheme will fail. |
Posted at 07/11/2020 14:49 by stuffee Very disappointed with this.Too much gain for Take-Two at Codemasters' shareholders' éxpense. Large part of consideration comes from CDM's own cash. Introducing debt into consideration enhances Take-Two's eps irrespective of synergy gains and CDM's great prospects. Not surprising Take-Two's price increased by $7 on announcement, increasing its market cap by $800m - that's a gift from us to Take-Two! What's amazing is that the CDM board and its advisers don't appear to have followed normal practise of fixing share exchange terms when deal announced, merely referring to value of 485p (120p cash and 365p in Take-Two stock), so no benefit to us from yesterday's predictable TTWO price gain - naive in extreme. The Board and Jefferies, its advisers have been totally legged over by the US. I will be voting against. I regret chances of any counter offer look pretty low in view of lock down restrictions, but I would rather retain CDM as an independent company, until a fair proposal turns up, maybe at a later date. |
Posted at 05/11/2020 10:30 by jurgenklopp Over the last couple of months the likes of Sony and Nintendo have reported extraordinary growth in the hardware they are producing due to the increased demand as a result of people worldwide being in various stages of lockdown and thus buying the latest machines for home entertainment.Ultimately this will mean very good news for the companies making the games for use in these machines. The UK has some superb companies in this sphere (FDEV, SUMO, TM17 etc) and CDM is another one. At the moment, on the assumption that they are all doing very well and ought to be on a similar rating, CDM appears to be the best value by far. The 500p target I mentioned on 21 October really ought to be perfectly achievable as, in my opinion, it will still be cheap compared to peers. |
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