Team17 Share Discussion Threads

[strawberry alarm clock] 29/11/2023 12:45

All the spotty faced gamer investors losing more cash You gotta larf BWAHAHAHA

[indiestu] 28/11/2023 07:05

What a great way to get wealthy. Talk down your company and snap up the cheap shares! Genius.

[tsmith2] 28/11/2023 07:03

More excellent dirs buy

[tsmith2] 27/11/2023 13:00

lots of large trades being printed at 185p

[tsmith2] 27/11/2023 12:18

trades being worked at 185?

[tsmith2] 27/11/2023 07:39

will look to add

[tsmith2] 27/11/2023 07:05

excellent dirs buys

[redartbmud] 26/11/2023 16:13

I am sure that they kitchen sinked the results, but:
"Team17 also said it is reviewing a number of titles, both under development and already launched, to assess the revenue potential in the current market environment. This is expected to result in impairments recognised in FY23."

That doesn't bode well for the near term. Maybe more write down's to come alongside staff losses. Usually the best depart first, not wanting to stay on a failing ship.

red

[tsmith2] 26/11/2023 15:40

after the update I think we had someone clearing the decks on Friday expecting a v decent bounce this week

[redartbmud] 26/11/2023 15:04

tsmith2

When?

red

[tsmith2] 26/11/2023 14:21

Berenberg 490p TP

[strawberry alarm clock] 25/11/2023 18:02

How spotty face gamers do their reseach before buying shares ... *I like computer games I'm gonna buy some computer games shares with the money granny gave me for Christmas and I'm gonna be wery wery wich" Total bellends - you've gotta larf BWAHAHAHA

[strawberry alarm clock] 25/11/2023 17:59

Great post by Mr Macgregor - he did try to warn you, you lot deserve you losses for you arrogance and ignorance Mr MacGregor 22 Oct '23 - 16:25 - 1304 of 1341Numerous 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.The purple dog has questions to answer.

[redartbmud] 24/11/2023 20:19

This problem has not occurred overnight.
Quite clearly there have been some major issues for a while, structurally and developmental.
It is a long fix and the most talented and creative staff members are the most marketable to third parties. They are the ones who should lead the recovery.
The dangerous trap in the short-term is to overreact and make the problem worse before it gets better.
Then there is the competition that will kick you where the sun don't shine as hard as possible.
A major hurdle is the fact that the market is unforgiving, allowing no time to rercover and punishing ruthlessly.

red

PS
Management asleep at the wheel!!

red

[mr macgregor] 24/11/2023 19:55

The stock market is littered with the debris of former stars who try to repeat the magic and fall flat on their faces.

[boozey] 24/11/2023 19:28

Happy Bear I agree but at the moment I am not a Happy Bunny. We all have such days from time to time.

Today's RNS smacks of a big reset before the new guard replaces the old guard and the former probably insisted the decks were cleared before they take over. The key player in the new team is Frank Sagnier who led Codemasters to a massive exit a few years ago and Team 17 are lucky to have secured his services - and in turn he must see potential for the long term to have taken on the role.

I averaged down today and will stick them in the bottom drawer.

[mr macgregor] 24/11/2023 18:10

The warnings were there for all to see. After I blew the whistle in October it was bid up from 260p to 350p and some prats still talk about efficient markets. Funny innit.

Mr MacGregor 22 Oct '23 - 16:25 - 1304 of 1341

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.

The purple dog has questions to answer.

[strawberry alarm clock] 24/11/2023 15:38

Down some more I didn't see that coming ... said no no one ever BWAHAHAHA

[74tom] 24/11/2023 14:30

The level 2 book is moving relentlessly down, there are clearly big sellers still in the market and II's aren't interested in taking anymore at 185p + there aren't enough PI's to clear the volume.

All depends on which II's are selling & how much interest the likes of Octopus & Liontrust have in upping their recently acquired stakes.

The flops of Gord etc were obvious so I can't believe they increased without a bigger picture plan...

[strawberry alarm clock] 24/11/2023 14:25

It's fallen again you clueless loser

[wallywoo] 24/11/2023 14:08

Just bgt a few at 179. Shameless trade to see if we get a bounce at these levels.