Chunky trades being reported |
I'd like to see the bid strengthen without much buying at mo offer is |
not sure about 39m - there's six lots of 6,062,500 possibly just prints seller cleared though hopefully details of largest holders https://www.team17groupplc.com/shareholder-information/hopefully a holding statement will clear up |
39m shares traded today, in total.
Highest daily volume ever, approximately 27% of the shares traded.
This should be very interesting to watch over the next few weeks. Could easily see fireworks soon imho. |
I notice Strawberry Jam has shut his cake hole today |
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!! |
assume that's the seller cleared? |
13m shares traded, and it's only 10.30am!!I think we have finally found the bottom here. |
How's it looking now |
looking good with level 2 |
trying to bounce back |
Share price fallen over 7% since you reported those "chunky buys"You gotta larf |
Down another 3% today I didn't see that coming ... said no one ever |
sounds like you suffer from behavioural issues. |
Another RED day You got larf innit BWAHAHAHA |
GAW results didn't help. |
some very chunky buys |
someone still trying to offload 50k at 160 in the closing auction but an improvement over recent sessions!
this just looks too extreme where price becomes purely a function of where the institutional liquidity can be found- XPP, CLX some other recent examples |
Yep, potentially the last of the seller cleared at 1.475?
Both Octopus & Liontrust added significantly in the last couple of months at over double the current level, I'd be amazed if they weren't in the market again down here. Does an £8m EBITDA miss (and revenue beat!) justify £250-300m being taken off the market cap? Not a chance. |
Just thinking the same se81. Might be the bottom.... |
110-160M cap then it looks interesting... |
 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. |
ROE of 8% is not a good reflection on management. I suppose the question is whether their shake-up works. So, not cheap if they carry on being inefficient, certainly.
apad |
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