Team17 Share Discussion Threads

[mortal1ty] 24/11/2023 08:12

Not sure why this business trades at a 300% premium to all the other developers.

[terminator101] 24/11/2023 08:10

Where are all the gerbils when you need them?

[martywidget] 17/11/2023 12:54

10 Nov 23 330.0 Strong Bull Senkou Span Cross
08 Nov 23 315.0 Bull Kumo Breakout
06 Nov 23 286.0 Weak Bull Chikou Span Cross
03 Nov 23 270.0 Weak Bull Tenkan/Kijun Cross
01 Nov 23 267.5 Weak Bull Kijun Sen Cross


free stock charts from uk.advfn.com

[boozey] 17/11/2023 12:26

Price keeps moving up here consistently. My view is that an institution is buying, but in an illiquid stock any substantial form of buying to secure a reasonable holding will inevitably push the price up quite substantially.

This point has been highlighted by the recent Holding announcement by Octopus Investments.

[boozey] 08/11/2023 13:29

se81, I have noticed this too - been up an upwards trajectory since 250p. I bought in after that clearout. Not often I get the timing right!

[se81] 08/11/2023 13:00

Quite the move up here from that clear out on Oct 13- its been really well bid that last few days- something afoot or just an oversold bounce?

[mr macgregor] 22/10/2023 17:25

Numerous red flags here. CEO stepping down and Chair and two NEDs leaving or left. Veiled profit warnings in the interims issued 19th September in which CEO talked about "a backdrop of one of the most competitive years for high quality launches and deep peer discounting that I can remember." ie. margins under pressure.
Note revenues were up but profit declining. Claim of cash generation doesn't tie in with cash decline over the year. Big development costs expensed through the balance sheet which flatters profit and the net cash inflow figure. Massive increase in trade payables.
CEO says "The Board remains confident in the long-term trajectory of the business." Note no mention of confidence in short to medium term.
Now the CEO of the Team17 Digital Division has left and they're reported by Endgamer to be laying off a third of the company in the QA, marketing, usability, customer service, IT and HR departments.
"So deep are the cuts that Eurogamer has been contacted by developers working on games set to be published by Team17 that have been left concerned about the company's ability to continue working on their project due to the sheer numbers of people likely to be made redundant, and the knowledge and skills being lost.
Development partners were not told of the layoffs before they were confirmed publicly by Team17, sources close to the company said. One developer said they first realised the team they had been working with was likely no longer at the company after seeing their posts on LinkedIn looking for new employment.
Team17 has not commented publicly on the reasoning for the restructure, but staff and development parties say they have been told the reasoning they have been given relates to the release calendar this year being particularly competitive for the business."
Bargepole job imo.
hxxps://www.eurogamer.net/full-extent-of-team17-cuts-threaten-third-of-the-company-sources

[sphere25] 19/10/2023 12:56

You can add 5% of the share issuance, and the market barely bats an eye lid, or continues to sell down in this market. It is a recurring theme out there, across all kinds of small caps. I am sat watching the price movements and exchanges on usually around 90-120 shares and it is so hard to get involved and fight these downtrends.

This sector is riddled with profit downgrades so the large sellers are a more natural dynamic, but TM17 has outperformed the sector and is making bullish noises on the outlook.

The market rightly or wrongly doesn't buy that belief, or doesn't buy the valuation at even recent levels in a continued downtrend. But the fact someone is stepping in to buy big makes it a watch at the very least.

The movement suggests there is alot more stock to clear here, to even allow an oversold bounce above 250p and back to the top of the downtrend. Maybe Liontrust need to add another 5% and it can bounce.

Again, it is that sort of market.

What the market is doing when it sees the the odd bit of big buying, it focuses more on the sellers in size swarming the price points, and the exhaustion of the big buyer(s), rather than a clear out of the sellers and a more significant type of bullish bounce - as was in the past before this grinding type of downtrend market.

So the grind down continues, but I thought this was a decent example of the activity out there.

All imo
DYOR

[johndoe23] 19/10/2023 09:09

Starting to look interesting here

[botuney9] 18/10/2023 13:13

TR-1

Liontrust - a major shareholder - have doubled their investment to over 10%

(((￣へ￣井)

[tallprawn] 13/10/2023 16:32

Big volume gone through today..

[pinemartin9] 10/10/2023 20:37

Falling knife here....looks very cheap or deeper issues. I'm going to add this to my watchlist. Any quick thoughts from holders?

[kemche] 19/9/2023 14:28

The price still has some froth baked in.

[earwacks] 01/8/2023 17:34

Pod . Think you hit the nail on the head about sector. Massive post lockdown victim as retail online. Kws a former stock market darling has slumped even with a decent first half update. Looks to me like investment buying is very sector targeted and unfortunately games are not one. Could always be a speculative bid at this price

[podgyted] 26/7/2023 10:54

Well there is that saying.

Only invest in businesses where an idiot can run them, because at some point in time an idiot will be running it.

Having said that, can't see the new CEO messing up, at least in the short-term - not even due to start until 4/9/23 - formally becoming CEO on 1/1/24.

However .... Jefferies have cut their PT on TM17 from 475p to 360p.

??????????

[greenhat2] 25/7/2023 18:39

I'm hovering over the buy button too. Projected pbt looks great Can the new CEO really mess up this business ?

[podgyted] 19/7/2023 18:32

Quiet here.

Been slaughtered since the DB announcement - Justified?

Or is the sector just out of fashion?

Had my finger on the buy button several times but, due to the price action, I think I'll wait for the half-year TU - which to be honest I had expected to be published before now.

[harris tweed] 06/6/2023 08:32

Team17 Group plc, a global games label, creative partner, developer and
publisher of independent ("indie") premium video games, educational
entertainment apps for children, and working simulation games, is pleased to
announce the appointment of Steve Bell as Chief Executive Officer. Steve will
join the Board on 4 September 2023 as Group Chief Executive Officer Designate,
formally assuming the role of Group Chief Executive Officer from 1 January
2024.



Debbie Bestwick MBE will continue in the role of Group Chief Executive Officer
until 31 December 2023, working closely with Steve in the initial months of
his appointment to ensure a smooth transition and hand over and as previously
announced, will then join the Board as a Non-Executive Director on 1 January
2024.

[daisylove] 05/6/2023 11:08

Chart continuing to look really bad. This was quite widely tipped a while back. Another harsh lesson learned.

[volsung] 02/5/2023 09:26

Bought a few of these this morning. Hoping they have bottomed out

[earwacks] 28/4/2023 09:30

Well we got one but it was about an acquisition, which looks pretty good . Childrens educational game. Another couple of pretty hefty sells reported. Hopefully hooray Henry fund manager has peed off down the pub spending all his clients losses.

[earwacks] 27/4/2023 19:27

Now we know the drop cause.Unloading nearly 2 million shares at 3.42 lunchtime today. Guess we might be due an RNS

[systemsthinker] 12/4/2023 12:34

Very minor update: No new CEO yet but there is another positive sign from Team17 in the meantime.

Team17 are recruiting for a full time, permanent Director of Investor Relations (Team17 Group PLC).

I don't expect this on its own to make the earth to move, but if Team17 are going to proactively start presenting themselves more widely, in a better light, to investors, I suspect some will bite, and the price will rise proportionately to increased demand.

Anyway, nothing major, but it makes me feel a little more secure with my own share of the company..!

Source: hxxps://apply.workable.com/team-17-digital/j/8A9C228CAA/