Team17 Share Discussion Threads

[apad] 10/4/2023 16:25

Keep us informed of your opinion on DB'd successor 😊
apad

[systemsthinker] 10/4/2023 15:55

Thanks APAD, I'm kinda new to stock market dealing as such, but I study Systems, particularly in regard to business (as my nickname might suggest). Stafford Beer and 'Brain of the Firm' are very influential and very pertinent.

There are a LOT of analytics out regarding stock market metrics, a lot of people better informed than I on these things. BUT little attention seems to be paid to what's actually happening at the coal face.

Although I do take heed of PE Ratio, yield, the overall market, etc, my focus is on the 'soft' end of what a business is doing. E.g. happy customers, happy employees, internal structure, good supplier relations, well rounded and competent board, realistic corporate ambitions, etc. (although it now sounds quite naive when I say it out loud..!?!)

Team17 are a very good test for my purposes.

Anyway, I believe in this strategy and I'm putting my money where my mouth is. Whether it'll work or not...I'll tell you when I access my pension :D

[apad] 10/4/2023 15:32

Looks a good post SystemsThinker.
I see your record as 4 posts on the 9th and 10th April.
Surprising for an informed post.
apad

[terminator101] 05/4/2023 12:22

Seems the market can't enough of this overvalued rudderless fluff huh

[podgyted] 28/3/2023 19:52

Stockopedia had a consensus 24.6p adjusted EPS - 27.8p was achieved - the fall does look to be around the CEO/Founder stepping back.

Seems to be a bit of an over-reaction as:-

a) She hasn't left yet (and is staying as a non-exec).
b) She has spent many years putting together an excellent team, one of which will be capable of taking the helm - I'd be staggered if they appoint an outsider.

BWDIK

[disc0dave45] 28/3/2023 17:32

Decent results so have to think the drop is down to the CEO leaving, which given she is TM17 it's no surprise really.

[technical gains] 28/3/2023 10:05

The market is unreasonable. But 10% down on the news of a good CEO leaving is not unreasonable in my opinion.

Personally I added another 50% of my total holding for the stock as I am confident. Over the last 5 years Iv been in it’s been like a rocket. The decline from £8 was the stock coming back down to earth after Covid.

£4.50-£4.70 is the fair price of this in my opinion and there is a good support of these prices since winter.

If you currently hold this wait til £5 before you make a decision. It’s definitely coming sooner than later.

[ukaliptus] 28/3/2023 09:34

And you can 101? Volumes high with substantial funds coming in and out. The market is digesting the potential affects of the departure of a highly successful CEO.

[technical gains] 28/3/2023 09:33

Not good to call him a clown. Everyone is allowed their opinion and theirs is just as useful as your own.

Anyway this 10% drop is a buying opportunity. Almost 50% increase in revenue and the profit would of been 30% up if not for a £9M acquisition.

Overall the numbers are not bad at all it’s just because Debbie is leaving which is for the drop in my opinion. The core business is still a cash cow and my best earned since 2019.

[terminator101] 28/3/2023 08:12

"Looks good" huh. Seems the clowns on here can't recognise what the market thinks is positive.

[hazl] 28/3/2023 07:37

I retain an interest in this company...even though I am not always invested . I just wanted to say hats off to Debbie....for her work at Team17 and her ability to also consider her family as well.

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

"This has probably been the hardest decision I've made, but I wouldn't have made it if I wasn't confident in the succession plans and the leadership team's ability to deliver the clear and focused strategy regarding our collective goals and ambitions. Ultimately, I want to spend more time with my children who have made sacrifices many times during my career and specifically to spend more time with my youngest before he goes to university.

[johndoe23] 28/3/2023 07:27

Bestwick leaving is a surprise/negative...

[lisat3] 28/3/2023 07:23

RNS (x2) looks good....


😉

[lisat3] 03/3/2023 10:08

Some major heavyweights piling in here with serious money. BlackRock etc. are confident - so I'm in; without great logic or business understanding....

😉

[podgyted] 18/2/2023 13:18

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)

[undervaluedassets] 26/1/2023 15:10

Well, I thought the update was a pleasant surprise ... the market seems to think so too.

[podgyted] 18/1/2023 17:45

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.

[alphabeta4] 18/1/2023 17:30

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.

[alphabeta4] 18/1/2023 17:27

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.

[disc0dave45] 18/1/2023 14:11

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.

[martywidget] 18/1/2023 09:36

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.

[alphabeta4] 18/1/2023 08:58

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.

[alphabeta4] 18/1/2023 08:54

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.

[babbler] 18/1/2023 08:31

Significantly ahead