Down another 6% today You just gotta larf |
Thanks both of you.
It's not obviously cheap yet. £220m market cap with a forecast £11m post-tax profit. On my watch list though. |
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. |
They're just not as profitable/ growth orientated as they once were.
M&A used to happen mainly to get the programmers in many cases - now we hear of redundancy programs. AI good/bad???
Recent experience shows big write-offs of development expenditure against titles which are just not going to recover costs/ make a reasonable profit which is calling into question the accounting in this sector.
I'm not sure Indy is a badge of honor anymore - mainstream high cost blockbuster is all that is working in the main. The streamers will charge as suits them.
(But, here at least, it looks overdone. Don't hold at present but watching. Worth bearing in mind I sold out in March at 442p - its down two thirds since then - momentum totally rubbish - perhaps one of those to not look for the bottom but buy on the way up after some solid consolidation.) |
Out of curiosity why is the games market so in the doldrums. A couple of years ago (with Covid and at home demand I guess) it was booming. Is it that people have moved on from games or like my sons do they just play the big franchise games (FIFA, COD, Fortnite etc). Has the cost of developing them become so high that the risk is hard to justify for the independents? Or anything else. Not a holder here but interested to know as the purple-haired one (and others) could do no wrong until recently. Thanks |
Down another 3% today I didn't see that coming .... Said no one ever BWAHAHAHA |
With £45m in cash and a very cash generating business, we know the share price movement has nothing to do with the business continuing as a going concern. We also know that acquisition activity is still high in this sector. For these reasons, this is one to put on the shelf and forget about until it wakes up again, imho. Downtrend don't last forever in these scenarios. |
Forced seller cleared? |
At this stage me toov v attractively priced though |
The directors losing their cash You gotta larf |
All the spotty faced gamer investors losing EVEN MORE cash You gotta larf BWAHAHAHA |
All the spotty faced gamer investors losing more cash You gotta larf BWAHAHAHA |
What a great way to get wealthy. Talk down your company and snap up the cheap shares! Genius. |
More excellent dirs buy |
lots of large trades being printed at 185p |
trades being worked at 185? |
will look to add |
excellent dirs buys |
I am sure that they kitchen sinked the results, but:
"Team17 also said it is reviewing a number of titles, both under development and already launched, to assess the revenue potential in the current market environment. This is expected to result in impairments recognised in FY23."
That doesn't bode well for the near term. Maybe more write down's to come alongside staff losses. Usually the best depart first, not wanting to stay on a failing ship.
red |
after the update I think we had someone clearing the decks on Friday expecting a v decent bounce this week |
tsmith2
When?
red |
Berenberg 490p TP |
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