Team17 Share Discussion Threads

[bamboo2] 16/3/2021 08:30

I sold the last of my holding this morning.

I had built up a very large position, since the recent low, at an average of 688 so feeling quite relieved. :-)

gla, back soon.

[w13ken] 16/3/2021 08:26

Excellent results! Team17 are one to buy and hold indefinitely. A selection of highlights:
"More titles released than any previous year helping to deliver revenue growth of 34%. Record £26.2m profit before tax - up 36% year on year, EPS growth of 32%. 12 titles released, approaching 400 digital revenue lines delivered across the whole portfolio. Hell Let Loose is due to exit Early Access. 78% of revenues came from our strong and diverse back catalogue. We continue to be highly cash generative, ending the year with cash and cash equivalents of £61.5m (2019: £41.9m).

[apad] 16/3/2021 08:24

Nothing new that I can see in the results.

By my metrics:
Cap/(EBITDA-Investing) 11years
Cap/Rev 43years
It looks pretty fairly valued for a proven growth stock. I.e. high 😊 Probably a bit of a bump up on the news.

The Feb. BTFD opportunity was manna from heaven.

Time to go back to sleep.

GLA
apad

[lsoc85] 16/3/2021 07:26

Rock solid. At this stage, happy to see no dividend being offered. It's cash generative bolt on acquisitions that will make this Company fly. Target 900. With two or three good purchases, we'll be well over a tenner by next results.

[redartbmud] 15/3/2021 19:20

bamboo

Well done. You never make a loss, when taking a profit!!
As a recent buyer of the stock, I am looking to build a long term holding.

red

[apad] 13/3/2021 15:49

"What Team17 can now do with the purchase is commit to adding the most requested features of cross-play between platforms and a level editor to create your own course."

Good insight, W13Ken. Ta.

apad

[w13ken] 13/3/2021 09:42

Returning with a bit more info on the Golf With Your Friends purchase, it's got a lot of things going for it. Very Positive rating on Steam (90% of 27,000 reviews). It's already multiplayer for up to 12 players on Nintendo Switch, PS4, Xbox One & Steam and it's not expensive. Even full-price on Steam it's £10.99 and it's regularly on sale so it's not a big commitment. There's already been free new courses and along with inexpensive DLC for new course or customisation features, it all adds to sales volumes. What Team17 can now do with the purchase is commit to adding the most requested features of cross-play between platforms and a level editor to create your own course. This should tick over nicely delivering high volume sales indefinitely.

[bamboo2] 12/3/2021 20:01

Apad, tp=target price!

Turns are always dates.

Sorry been short of time today, will look at email at w/end.

Gla Great w/end imo fwiw etc!

[apad] 12/3/2021 19:43

"In Debbie We Trust."
Ah! Purple hair man too. 😊

red.
Trouble is when bamboo2 says tp he means a turning point that could go either way - at least I think he does 😊

apad

[w13ken] 12/3/2021 19:29

Apad, re GWYF, it was a fair bit of money to acquire it but Team17 can do the sums and know how to manage and enhance franchises for the long term so this will still be delivering sales for years. In Debbie We Trust.

"Since partnering together in 2019, Team17 has helped to more than double the number of GWYF owners to 5.5m, and it attributed the rise to increased production values, new platforms, IP cross-over and positioning as a higher value proposition.

GWYF is the type of IP we believe is right for ownership, it is successful and proven but still at the start of its journey,” said Bestwick.

[redartbmud] 12/3/2021 11:59

bamboo

Thanks for the pointers. I am in for the long term, but positive technicals help me to keep the faith.

red

[apad] 12/3/2021 11:38

Thank you for that summary, W13Ken. I have taken note and I shall have a look in the direction of your pointers until my eyes glaze over. It'll help a lot with reading the results.
Do you not have a view of the purchase of 'Golf With Your Friends'? That looked a big commitment to me.
Ta muchly, again. I hate being invested in a company I don't understand, at least a little bit 😊 😊
apad

[w13ken] 12/3/2021 11:25

Hi APAD, as per my previous post, would love to see news on Hell Let Loose (HLL) or Blasphemous 2 (B2). A full release of HLL after more than 2 years of pre-release testing would be excellent although I think the roadmap suggests it might take a while yet. It looks amazing and unlike any games published by Team17 so far. Even in its pre-release version on Steam it's selling well and has 85% positive rating from over 23,000 gamers. Check video "Hell Let Loose is really good now...", nearly 1 million views
Blasphemous recently celebrated 1 million games sold and is probably the most widely praised on social media (and 89% positive on Steam). Any news on Overcooked is always welcome. It regularly is in Top 20 charts in Japan with Minecraft, Animal Crossing etc and is a massive seller worldwide. Talking of Animal Crossing, Team17 are soon to publish Hokko Life, which certainly resembles AC but would be accessible to those that don't have a Nintendo Switch.

[bamboo2] 12/3/2021 10:20

On the move now.
Eod close above the rising 200sma at 707 would be good.

Historical resistance at approx 740.0

Eod close above 740 brings a tp at approx 808 into view.

[bamboo2] 12/3/2021 09:02

red, well it's back to 700 now. I just tried a dummy buy, but nothing available online.

I still find it strange that after all that volume over the last week or so, and there is no quote this morning for more than 10 shares! Surely if they wanted to make a market they could encourage some liquidity by raising the price?

[apad] 11/3/2021 20:57

W13Ken, do you have anything you are looking for on the games front in the FY results?

As I typed earlier I am happy with ten years of revenue to buy the company, but totally lost when it comes to 5.5million playing a video game 'Golf With Your Friends'.

Back in November we read that Overcooked! All You Can Eat launched on Xbox Series X|S and PlayStation 5.
Maybe there will be some news there or has the panicdemic overcooked the playstations 😊

apad

[redartbmud] 11/3/2021 20:29

bamboo

Well timed. I bought at 700p some days ago, and was minded to add when they dipped.
Guess I missed the chance.

red

[bamboo2] 11/3/2021 20:01

Apad, thanks, kind of you to mention it!

I hope to hold a bit longer and more profitably, than last time.
So when is the next possible turn? 15-16/3/2021

Coincides with news, watch inbound trend for likely direction.

[apad] 11/3/2021 17:35

Good timing on your part, bamboo2. Well done.

I still find it odd that there is such a dip before the results.
Looks like Hydrus' explanation is correct, in the context of this market.

apad

[bamboo2] 11/3/2021 16:46

Thanks Ken!
The potential turn here, and at FDEV have been confirmed.

[w13ken] 11/3/2021 16:34

Team17 Group: Canaccord upgrades to buy with a target price of 850p. Great to see this confidence before EOY results on Tuesday. Normally TM17 will have interesting future news. I speculate that they will talk about the full release of WW2 combat game Hell Let Loose or Blasphemous 2, both of which are extremely popular.

[kikkeridirect] 11/3/2021 11:20

I added some ?

[watchlist1] 11/3/2021 10:59

TM17. Recent addition to the Buffetology fund portfolio

[apad] 10/3/2021 16:36

No disagreement with that view, Hydrus.
My worry is that it is exploring the bottom, so earnestly, so close to the FY results.
Maybe it, or the sector, is just out of fashion.
There have been a couple of institutions reducing a bit, recently.
There have also been some unusually high volume trades going through today.

apad (aka scaredy cat)

[bamboo2] 10/3/2021 15:11

Added a few more.
Wonder if we'll see eod close above the 200sma? [705]