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CDM Codemasters Group Holdings Plc

602.00
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Codemasters Investors - CDM

Codemasters Investors - CDM

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 01:00:00
Open Price Low Price High Price Close Price Previous Close
602.00 602.00
more quote information »

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Top Posts
Posted at 22/12/2020 16:39 by thefartingcommie
fyi...one to watch in 2021 maybe



The forward-looking statement for 2020 is updated as follows:

Invoiced revenue for the Kahoot! Group for Q4 2020 is expected to exceed $15m, approx. 30% quarter on quarter growth, whereof the acquired units Actimo and Drops will contribute with approx. 15% of the invoiced revenue for the quarter.
For the full year 2020, the Kahoot! Group expects invoiced revenue to reach $43m (including contribution from Actimo in Q4 and Drops in December), a 230% growth year on year.
Paid subscriptions have reached 400K (not including Actimo and Drops) and are expected to exceed 420K by the end of 2020, and active accounts in the range of 22-23m by the end of the year.
Continued solid cash flow from operations in the fourth quarter 2020.
The company is preparing for a main listing at Oslo Stock Exchange which could be as early as in Q1 2021.

Previous guidance for the company was invoiced revenue of approx. $14m in Q4, whereof Actimo represents approx. 10%, and a total of $41-42m for the full year 2020, 400K+ paid subscriptions and 22m+ active accounts by the end of the year.

//kahoot.com/investor/announcements/kahoot-as-trading-update-completion-acquisition-drops/

hTTp
Posted at 07/12/2020 15:27 by ali47fish
why is this board suddenly so quiet- what investors here intending to do? sell into the market , wait???
Posted at 04/12/2020 21:23 by leading
I think it likely that this bid will be rejected in the first instance, then be improved and accepted. However, that all takes time and the market has had a strong run lately.

The price has risen to a decent premium versus the original bid at 485 and also a premium to the theoretical price at current share prices, which was 500p earlier today.

I was starting to get nervous on the risk reward front so sold at 512.5p today.

Good luck to all holders.

PS The corporate governance still stinks. But that’s AIM for you.

PPS Ali, I think it’s 16th Dec, but details are on the Investors section of CDM website.
Posted at 03/12/2020 11:54 by harris tweed
Well ilovefrogs, I'm a long term investor not a short term trader so if the share price falls in the short term then I wouldn't be that bothered. But if there are sufficient votes to block the deal then clearly the majority of shareholders believe the offer price isn't enough - so I'm not sure the stock would drop as you suggest.

I'm not necessarily against the deal in principle (and will probably carry on with Take Two shares if it does go though) but I believe the price is too low.

If we get a better offer from Take Two or from someone else then that would also be a good result IMO.
Posted at 03/12/2020 11:14 by harris tweed
I've just voted against the Take Two deal via my broker.

If others are against the takeover I urge them to do the same. They need 75% acceptance to get this deal through, so the votes of private investors may well tip the balance in the result.

Voting deadline is 15th December.
Posted at 13/11/2020 09:05 by harris tweed
According to the Mail (FWIW) there is some institutional investor backlash against the takeover:
Posted at 30/9/2020 21:57 by john09
2 major institutional investors selling too judging by RNS this week. HSBC now below the threshold. Be good for them both to clear
Posted at 01/9/2020 12:24 by cfb2
F&F crossroads has been panned. Project cars 3 is looking lacklustre. I think investors are questioning the wisdom of acquiring slightly mad studios.
Posted at 15/8/2020 01:35 by coppertrader
Analysts at Berenberg hiked their target price on video games developer Codemasters from 400.0p to 480.0p on Friday, stating the group presented a "substantial" discount to peers.Berenberg opted to increase its estimates on Codemasters following the group's recent trading update, upping its 2021-22 revenue forecasts by 19.4% and underlying earnings estimates by 21.5%.The German bank said the firm had delivered "a stellar performance" as it benefited from the Covid-19 "stay-at-home effect" and "the enduring quality" of its F1 franchise - the strong execution of which was now resulting in accelerated growth.Despite Codemaster's "significant outperformance" during the first half, Berenberg added that it believes there is still further upside to come for the firm."Even after our +20% upgrade, we believe that investors can still access the secular growth of the video games industry via Codemasters on a 25% discount to peers," said the analysts, which also reiterated their 'buy' rating on the group."This makes Codemasters one of our top picks in our UK mid-cap technology, media, and telecoms coverage."
Posted at 25/6/2020 12:33 by shauney2
Berenberg: Codemasters is underappreciated.

Investors do not appreciate the potential in gaming group Codemasters (CDM), which has the ability to make gains in mobile games and potential acquisitions.

Analyst Sean Thapar retained his ‘buy’ recommendation and target price of 400p on the shares, which were trading at 338p yesterday.

He said the full-year results were ‘largely as expected’ but the outlook was positive ‘highlighting the strong release pipeline and further gaming-as-a-service revenue growth’.

‘There were also incremental positives on the potential contribution from a successful mobile game and possible new acquisitions,’ said Thapar.

‘Given the 20% valuation discount to peers, we continue to believe investors’ expectations fail to appreciate the potential.’

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