Some major heavyweights piling in here with serious money. BlackRock etc. are confident - so I'm in; without great logic or business understanding....
😉 |
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) |
Well, I thought the update was a pleasant surprise ... the market seems to think so too. |
Doesn't seem odd to me at all.
9 days ago they were caught up in FDEV's profit warning. They were planning to give a TU this week and probably hadn't finalised the figures to their satisfaction. So under the circumstances they were probably happy/confident enough to say "at least in line" until they had time to do some more work. |
P.S. Just noticed the volume finished at 4.5m today. That's a big move on an up day vs the usual volume here. |
I think it goes back to what I said on Fdev Disco - on that particular day the share price here had taken a hammering and they were trying to flag that whilst they hadn't finalised the numbers yet they would be at least in line, i.e. any worries they would miss forecasts from people inferring what had happened to Fdev were unjustified. |
Nice to see not all in this sector are struggling. But i am confused, 9 days ago to steady the share price they said the year was “inline with market expectations”.
Now revenue and adjusted EBITDA will be “significantly ahead of market expectations”.
Reading between the lines is it right to assume bottom line profit / earnings (pbt, net profit, adjusted eps) are in line and Rev and adjusted EBITDA (which can be manipulated and personally I don’t even look at this number as not real guide to profit), are significantly above?. Within 9 days it can’t have changed so much and the wording seems to have been carefully chosen. Thoughts?
Edit: just noticed they actually said “at least in line”, on the 9th so perhaps I’m over thinking it!, still seems a bit odd though.
For the record this is on my watch list but was hanging back following some dire results from others in the sector both in the UK and elsewhere. |
Just been jogging.
This is looking interesting today.
Team17 should do a game involving piers and fish 'n chips.
I reckon it'd be a top winner. |
P.S. I also wonder whether the performance here and vs Fdev is giving us a clue that consumers are being more price sensitive on the games they choose as they tighten the purse strings. |
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. |
Significantly ahead |
t/u at 14.48 - at least in line |
Read across from FDEV |
Well what's behind the big drop!? Obviously a big sell.... |
No breather yet then! |
At SMA50 now, will it break above?, or take a breather?. |
hxxps://www.thetimes.co.uk/article/share-tip-the-worm-that-turned-team17-can-win-again-pgj2qsd3r |
Look mate, I gave an analysis why this overvalued fluff was over valued months ago, and it's dropped since then. Trouble is it's got even further to fall. So don't blame me for the fact that you are underwater. |
whereas you stay in to bash your tiny little bishop lols |
with cost of living squeeze i'm betting many will be staying in gaming |
What an insightful chap you are next your incredible foresight will be telling us the market is in meltdown |
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