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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Team17 Group Plc | TM17 | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -5.00 | -1.82% | 270.00 | 16:35:08 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 275.00 | 275.00 | 275.00 | 270.00 | 275.00 |
| Industry Sector |
|---|
| LEISURE GOODS |
| Top Posts |
|---|
Posted at 02/2/2024 11:44 by parob Hopefully FDEV's turn to make a move like TM17 now. Moving up today. |
Posted at 14/12/2023 11:37 by wallywoo It is just an observation. That when you have a long term down trend (Dec 2020 until now), often it finally turns when a very large share volume is traded.I have no proof this is the bottom. But tm17 have a large net cash position, they generate good positive cashflow. It makes sense this long down trend will end at some point. Ie, this is not likely to be a company going into administration. Let's see if I am right!! |
Posted at 05/12/2023 15:44 by philly cheesesteak Has anyone actually done any proper research here? 4.25x EV/EBITDA is crazy for a company that has been strongly profitable every half since it's May 2018 IPO.FDEV, DEVO & TBLD are utter basket cases, TM17 is a company that is profitable & has so many strands to it; - Original own IP games from pre IPO that remain valuable; Worms, Overcooked & Overcooked 2, The Escapists, all of which have PC revenues of >$15m - Own IP games which have been acquired since IPO; Golf with your friends & Hell Let Loose ($84m PC revenue since release in 2021, $22m in the last 12 months, unknown on PS5 +XBOX). - IP owned via the €100m Astragon acquisition, financed via a placing of 11m shares at £7.14 - their only dilution since IPO. Given today's share price the decision to fund it via a placing looks very smart indeed. Astragon own the rights to dozens of popular simulator games + published rights to the most popular PC game in Germany, Farm Simulator. - Many additional games which have had success like Marauders, Blasphemous & 2023 favourite Dredge. - There also own Storytoys, which is a subscription service for children's 'edutainment', 320k subscriptions as of 30/06, these are ~£5 a month so annual recurring revenue is likely approaching £20m. Purchased a couple of years back when subscriptions were only 130k... Headcount has got a little high post covid - from 265 at the end of 2021 to the 439 reported at 30/06/22, 53 of which were from acquisitions. Get this rightsized and EPS should benefit materially. But overall this looks exceptionally good value down here, I expect we'll see >£2 in the near future once some sanity returns. |
Posted at 05/12/2023 09:45 by phowdo TBLD trading update today"The outlook for FY24 remains cautious. The Company expects continued pressure on discounting in a crowded market for new releases." Of course they are a PoS compared to TM17 and were floated during the pandemic euphoria at over 200p a share. Now 5p a share and needing to raise money. However it does show that it is a very competitive market out there. |
Posted at 24/11/2023 09:31 by 74tom "This needs to half again to be on the same valuation as frontier developments. Still on 10x ev/ebitda which is very rich in this market."Not sure on the maths or logic there there... Market cap is £266m, cash of £45m at last results, so EV £220m, adjusted EBITDA of £28m, however that includes £11m of impairments, so operating cashflow likely to be nearer £40m. So it's now valued at just over 5x EV/ operating cashflow, which for a company that has consistently produced significant PBT is far from expensive. It's also incomparable to FDEV which is a basket case, SUMO Group who were bought by Tencent for £920m in 2021 are a far closer benchmark IMO. That transaction was almost certainly the reason this hit £1b+ market cap. TM17 have produced / developed many successful indie games & know their niche. Dredge has been a massive success since it's release in March & is almost certainly responsible for the beat on revenues, however they aren't the developer so the bottom line impact is lessened. Neverthess, this is surely a buy at these levels. |
Posted at 19/10/2023 12:56 by sphere25 You can add 5% of the share issuance, and the market barely bats an eye lid, or continues to sell down in this market. It is a recurring theme out there, across all kinds of small caps. I am sat watching the price movements and exchanges on usually around 90-120 shares and it is so hard to get involved and fight these downtrends.This sector is riddled with profit downgrades so the large sellers are a more natural dynamic, but TM17 has outperformed the sector and is making bullish noises on the outlook. The market rightly or wrongly doesn't buy that belief, or doesn't buy the valuation at even recent levels in a continued downtrend. But the fact someone is stepping in to buy big makes it a watch at the very least. The movement suggests there is alot more stock to clear here, to even allow an oversold bounce above 250p and back to the top of the downtrend. Maybe Liontrust need to add another 5% and it can bounce. Again, it is that sort of market. What the market is doing when it sees the the odd bit of big buying, it focuses more on the sellers in size swarming the price points, and the exhaustion of the big buyer(s), rather than a clear out of the sellers and a more significant type of bullish bounce - as was in the past before this grinding type of downtrend market. So the grind down continues, but I thought this was a decent example of the activity out there. All imo DYOR |
Posted at 26/7/2023 10:54 by podgyted Well there is that saying.Only invest in businesses where an idiot can run them, because at some point in time an idiot will be running it. Having said that, can't see the new CEO messing up, at least in the short-term - not even due to start until 4/9/23 - formally becoming CEO on 1/1/24. However .... Jefferies have cut their PT on TM17 from 475p to 360p. ?????????? |
Posted at 28/3/2023 17:32 by disc0dave45 Decent results so have to think the drop is down to the CEO leaving, which given she is TM17 it's no surprise really. |
Posted at 18/2/2023 13:18 by podgyted Consensus EPS for 2002 has increased from 23.2p before the TU to 24.6p, which seems a bit mean for "significantly ahead" but I don't have access to any of the brokers reports.BWDIK (Do think TM17 should encourage a small broker to get involved so the great unwashed could stand a bit more of a chance) |
Posted at 18/1/2023 08:54 by alphabeta4 Quite excited by the update - I suspect TM17 had dropped on the Fdev news (it has gone from £4.70 to £4.10 since then) whereas it turns out it was actually trading over 10% ahead. That suggests IMHO it should be easily worth £4.70 and should actually be trading £5.20+ on improved prospects for the group (and given that 10% above on revenue the 10% above on EBITDA ignores gearing).I had been on the sidelines of late given the well documented global economy woes but have rebought at £4.30. It looks a bargain at these prices to me and has both trade and hold potential. |
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