Codemasters Share Discussion Threads

[hazl] 25/2/2019 09:38

Been on the sidelines until today.
Decided to get a few after researching again over the weekend.

I think it's clearly going to go places !

[cf456] 24/2/2019 16:04

Chart interesting too. Looks to be on the way back up.

FT article also notes the possibility of a bid: "a bid from a larger group eager for its tech and licences would be far from surprising."

And should start getting increased interest with the release of Dirt Rally 2.0:

[cf456] 24/2/2019 15:47

"UK games making in pole position for digital discovery
Expanded online distribution will help steer Codemasters to further success"

FT article higlighting that CDM trades at a significant discount to the likes of TM17 and FDEV, but the discount could well be narrowed if plans by the CEO to expand in key areas prove successful.

[tomps2] 28/11/2018 08:47

Codemasters interim results presentation for the 6 months ending 30th September 2018
By Frank Sagnier, CEO & Rashid Varachia, CFO



A United Kingdom-based video game developer and publisher. Through its subsidiary, The Codemasters Software Company Limited, the Company designs, develops and produces driving and racing games. The Company’s driving and racing games include DiRT, GRID, Micro Machines, ONRUSH and Formula 1 series of video games. It produces Formula One’s range of games for the Playstation 4 console.

Frank Sagnier, CEO
Introduction – 00:18
Highlights – 00:53

Rashid Varachia, CFO
Financials – 04:45

Frank Sagnier, CEO
Outlook for H2 – 11:15
CDM strategy – 14:50

Q&A – 26:15

[phowdo] 26/10/2018 10:23

50% off since peak.
Hearing rumours that VGTR could be wound down in the budget on Monday.

[martywidget] 23/10/2018 08:07

On their profitiability [Green Man Gaming], this quote recently:

...Green Man Gaming has grown roughly 25 to 30% ever year since its inception, going from a turnover of £16.2 million in 2014 to £47.5 million last year. The firm expects that 25% growth rate to continue in the coming years, too. Despite this, it is still not a profitable business, and it anticipates an EBITDA margin of 3% in the medium term...

Green Man Gaming's £100m IPO: “We've grown between 25 to 30% every year”



[edit] Green Man Gaming announces plans to float on AIM, part of the London Stock Exchange
...Green Man Gaming has seen rapid growth with 25 to 30 percent growth year-on-year since its inception with revenue growing from £16.2 million in 2014 to £47.5 million in 2017. The company is positioned as a growth company, with an EBITDA margin of 3% in the medium term. The firm foresees that this rapid growth will continue in upcoming years...


Green Man Gaming - The Power of Gaming
Published on 4 Sep 2018

[phowdo] 23/10/2018 07:51

Green Man Gaming was still loss making and insiders wanted to cash-in millions - the markets are wising up to that one!

I notice the CFO at TM17 has decided to "retire" today with his loot too.

[martywidget] 23/10/2018 07:45

phowdo, re post #24, in related news;


Interesting to note that on 04/09/18 Green Man Gaming had pencilled in an IPO, according to the new issues section on The London Stock Exchange website recently it was expected to IPO on 19 October, and as yet hasn't IPO'd.



Green Man Gaming delays float due to 'horrendous' equity markets
Float was originally due in September


STOCK WATCH: Green Man Gaming's flotation is proving a guessing game while Fever-Tree loses its fizz

[tiswas] 14/9/2018 14:18

That's a lot of volume gone through! Seller gone?

[santr0] 04/9/2018 16:22

Does anybody know what was the reason behind recent sell-off? I guess the failure of Onrush and layoffs in its developers could be the reason, but that happened a while back and the share price didn't move much back then.

[phowdo] 31/8/2018 12:37

Chart doesnt look so good here.

Even Berenberg, who are new to covering videogames and are bullish on the sector, are neutral/bearish on Codemasters.
(Hold rating and TP of 215p)

They are a good developer, have some talented people, but the valuation is just far too rich.

[martywidget] 24/8/2018 09:31

Hope you've been fortunate and been able to short this one.

Agree, Frontier Develeopments (FDEV) has done rather splendidly listing a couple of years ago (prior to their recent pullback).

Personally been in the the boom/bust cycles before with Eidos, Rage Software, Warthog Plc, etc in the 2000's


Anyway, I see today Codemasters are launching the long anticipated F1 game, on Xbox One, PS4 and PC:

F1® 2018 | LAUNCH TV SPOT | MAKE HEADLINES [UK]
Published on 24 Aug 2018


F1® 2018 | OFFICIAL GAMEPLAY TRAILER | MAKE HEADLINES [UK]

[phowdo] 25/7/2018 13:36

Time to buy videogame companies was 4 years ago.
This latest bunch of IPOs (CDM, SUMO, TM17) was so insiders could sell out to investors who dont understand the industry near the top of the cycle.

[spmc] 25/7/2018 12:23

There's a good write up over at UK Investor:

hxxps://uk-investor.com/2018/07/24/should-you-buy-recently-listed-codemasters-group-holdings-plc-lon-cdm/

[martywidget] 25/7/2018 08:40

Layoffs at OnRush dev Evo, Driveclub director Rushy let go
Alongside handful of senior staff.

The developer of Driveclub has been hit by layoffs after its latest game, OnRush, failed to set tills ringing...

...Previously known as Evolution Studios, the Cheshire-based outfit was acquired by Codemasters in 2016 after former owner Sony ditched the developer...

...OnRush launched for PlayStation 4 and Xbox One on 5th June and quickly sank from the UK physical games chart without a trace. It charted in 34th place during its launch week, then never reappeared..

...According to a source, OnRush sold just over 1000 physical copies during its launch week in the UK. The fact it never appeared in the chart after that week did not bode well...

[martywidget] 19/7/2018 09:21

Broker Forecast - Liberum Capital issues a broker note on Codemasters Group Holdings Plc Ord 1p
16 July 2018 | 08:00am
StockMarketWire.com - Liberum Capital today initiates coverage of Codemasters Group Holdings Plc Ord 1p [LON:CDM] with a buy investment rating and price target of 310p.



July 16, 2018
Liberum started coverage of Codemasters, the Aim-listed video games maker, with “buy” advice and a 310p target price. Liberum is the nominated adviser and sole broker to Codemasters, having overseen its flotation in June.

“...several potential opportunities to build upon its three fully owned-intellectual property franchises in addition to the licensed F1 games — with regular releases supported by a new revenue stream of digital services, growth in mobile, China and expanding esports initiatives. This supports visible, annual sales growth of 12 per cent over three years, while the continued transition to digital delivery supports structurally increasing margins.”

[nimbo1] 11/7/2018 16:01

No but looking at chart positions etc I don't think a lot of people purchased the game just released...

I nearly bought day one here but will hold off until further information from the company on trading etc.

[its the oxman] 09/7/2018 16:27

Anyone know what the forecast eps are for this?

[martywidget] 02/6/2018 09:03

Photo{s} from yesterdays Market Open Ceremony - The Market Open Ceremony - London Stock Exchange today welcomes Codemasters Group holdings plc. (sometimes additional photos are added later in the week)

[mirabeau] 01/6/2018 18:49

oma

They are neither a buy nor a sell but simply a transfer of stock from one party to another - that's my reading anyway