Team17 Share Discussion Threads

[bamboo2] 10/9/2020 12:08

hazl, the W you refer to needs an eod close above 700 to confirm.
The target for that pattern is 745.

Eod close above 740 confirms a target price of 815

Added a few more.

[apad] 10/9/2020 12:05

Bless. Purple hair as well 😊
apad

[hazl] 10/9/2020 12:02

Debbie Bestwick MBE, Chief Executive Officer of Team17, commented:

"2020 was always going to be a memorable year for myself and many at Team17. This year we celebrate our 30th anniversary and also the 25th anniversary for our beloved Worms franchise. I'm delighted to share yet another record start to our fiscal year from the Group in the first half of 2020.



Our broad genre and platform agnostic portfolio shows the importance of inclusivity and variety in gaming. Be it at home with your family or online with our growing community across the globe, from single player or local co-op to massive online games, we truly have an exceptional portfolio that encourages more gamers than ever before to step into the worlds we create and enjoy our characters.



We live the world of video games, it's part of everything we do here at Team17 be it creating our worlds, introducing new characters or bringing communities together. None of this would be possible without our talented and growing team. I would like to say a special thank you to our Teamsters and label partners for their continued resilience, ingenuity and brilliance as we grow together to deliver our personal and corporate ambitions."

[w13ken] 10/9/2020 11:24

BERENBERG RAISES TEAM17 PRICE TARGET TO 800 (650) PENCE - 'BUY'

[hazl] 10/9/2020 08:40

Although the 'stay at home' time, through the virus,has helped online companies,I believe gaming companies are here to stay and the trend is set to only grow.

[hazl] 10/9/2020 08:24

Actually nice little 'w' formed on the chart.

I believe it has further to go.

[hazl] 10/9/2020 08:21

Outlook:

-- Games sector resilience through the Covid pandemic also reflected in Team17 performance

-- Clear benefit to H1 results from these extraordinary "one-off" circumstances and as a result the Board now expects revenue and adjusted EBITDA to be ahead of market expectations for the year ended 31 December 2020

-- H2 results will undoubtedly continue to be influenced by "normalisation" of the global economic environment and consumer behaviours

-- Solid portfolio of new titles including key franchise releases scheduled in H2

[hazl] 10/9/2020 08:19

Record H1 performance aligned with a solid portfolio of new releases across H2

Team17 , a global games label, creative partner and developer of independent ("indie") premium video games, is pleased to announce its unaudited interim results for the six months ended 30 June 2020 ("H1 2020").

[hazl] 10/9/2020 08:12

WOW GREAT STUFF

[w13ken] 10/9/2020 07:50

Agreed - great results - So many highlights: Record H1 revenues grew 28% to £38.8m (H1 2019: £30.4m), Gross profit up 21% to £18.3m (H1 2019: £15.1m), Record H1 profit before tax up 28% to £13.3m (H1 2019: £10.4m). I'm very optimistic about the World War 2 game Hell Let Loose with its full launch in 2021. It's really caught gamers' imaginations, has over 15,000 reviews on Steam even in Early Access mode, and has 87% recent positive reviews - officially Very Positive. It seems the last Trading update was prudently cautious but expecting a good bounce today so we should be solidly into the 700s again.

[ramridge] 10/9/2020 07:19

Great half-year report
"...and as a result the Board now expects revenue and adjusted EBITDA to be ahead of market expectations for the year ended 31 December 2020 "

[hazl] 09/9/2020 13:31

Nasdaq looking better this afternoon's futures.

[hazl] 08/9/2020 08:44

Euphemisms appreciated.

[bamboo2] 08/9/2020 08:42

Price action on the chart currently looking about as good as it gets imo.

[apad] 08/9/2020 08:23

😊
It's all relative - how many other free pints are on offer?
😊
apad

[w13ken] 07/9/2020 11:04

Ha ha yes, safe bet for someone with a London postcode in their username. Free flight and I'm there :)

[hazl] 07/9/2020 10:10

Thank you W13KEN .

APAD cheapskate lol

[apad] 06/9/2020 13:30

Brilliant. Free pint in Jersey anytime 😊

apad

[w13ken] 06/9/2020 12:10

Gamesndustry.biz has a few good articles on Team17 and this is worth a read if you missed it back in July:

I love this part: "We had a few offers from big companies, but Debbie [Bestwick] was completely different. She contacted me on LinkedIn with just a friendly message, and we started talking from there.

"It was night and day compared with other companies... The other companies just wanted to help themselves, it felt like, whereas she wanted to help us. The deal felt very friendly and it has been an enjoyable adventure so far. I am glad we waited, but she did come at the right time. I have already told her this, but she's like the angel who scooped us up and helped us complete what we started.

"She took the time to talk to us, and she's the boss... She didn't get someone else to do it, she did it herself. That meant a hell of a lot."

[w13ken] 06/9/2020 12:02

I have no insider knowledge on this but I don't believe that they are on the lookout for further businesses at the moment. They bought Yippee Entertainment back in Jan this year but I believe that they want to grow organically and acquire the skills within their own team. Plus of course as publishers they are partnering with developers all around the world anyway: Australia (Golf With Your Friends, Moving Out (also Sweden), Hell Let Loose), Malaysia (Ageless), Spain (Blasphemous - new Spanish voiceover this summer could make this big in South America too), Mexico (Greak), Sweden (Main Assembly, Hammerting), USA (Going Under, Rogue Heroes), China (Neon Abyss, Crown Trick).

Re acquisitions, quoting from gamesindustry.biz here...

In an interview with GamesIndustry.biz back in 2018, CEO Debbie Bestwick recognised that, "Everyone is expecting us to go out there and buy lots of studios" following the success of its IPO, but maintained that the publisher's current strategy was working well enough that this was not necessary.

The acquisition of Yippee Entertainment is partially driven by Team17's plans to recruit more developers from the North West of England.

[hazl] 06/9/2020 11:36

Do you still feel that they will acquire additional businesses W13KEN?

[apad] 06/9/2020 11:34

No etc. W13Ken keep it coming 😊

Much appreciated.

apad

[w13ken] 06/9/2020 10:34

Many Positives: Overcooked series still selling really well and an enhanced version with all DLC and higher-quality graphics is ready for the launch of the new XBox Series X and Playstation 5 consoles, Golf With Your Friends a big seller, Early Access version of World War 2 first person shooter Hell Let Loose looks outstanding and is improving all the time (100 players at a time), Neon Abyss has had positive feedback and decent sales, Blasphemous is getting rave reviews and growing interest, The Survivalists is being developed in-house and should be very popular, the gameplay in upcoming Hokko Life looks similar to Animal Crossing but you won't need a Switch, Greak: Memories of Azur looks to be a beautiful and interesting puzzle platformer, more games lined up than in any previous year etc.