Team17 Share Discussion Threads

[redwing1] 13/12/2024 16:29

martincc - the trading update in Nov '23 was an unscheduled profit warning so don't wish for another of those! The company usually reports in January (presumably after seeing how xmas sales have panned out). The Jeffries upgrade bodes quite well but we shall see.

[martincc] 11/12/2024 14:18

Is there a trading update due soon? Last year 24/11/23 (another 25/1/24) and previously 9/1/23 (another 18/1/23)

[se81] 11/12/2024 08:15

supply here at 200/210 seems to have dried up all of sudden this morning

can't get a quote at full ask

[bigbigdave] 09/12/2024 07:13

JEFFERIES RAISES TEAM17 TO 'BUY' (HOLD) - PRICE TARGET 360 (230) PENCE

[parob] 27/11/2024 16:25

Overhang has cleared imo.

[indiestu] 27/11/2024 12:47

UK markets generally rally when the US is closed for Thanksgiving. No idea why, the days either side and the fourth Thursday of November can be some of the best of the year for UK stocks. It normally pays to go all in at the end of October.

[johndoe23] 27/11/2024 12:41

Well something happened

[indiestu] 27/11/2024 10:54

If FY revenue comes in around 160m, PBT around 25m, cash in bank around 60m and BEPS 13p it should be in for a rally. If the low is in here at around 200 we can expect a run up into results and onwards should said results confirm profit growth over FY23. Target calculated using the Dec 23 low and todays price. The Fib extension to 161.8 offers a target of 472. This is an interesting level as there was significant support and then resistance around this level on the fall from the 21 highs. 136% upside here in 6 months is possible and puts my estimation somewhere at the median of current analyst targets.

[johndoe23] 26/11/2024 09:11

Falling knife now

[value viper] 26/11/2024 08:38

HhhmmA lot of selling going on Has it leaked about the next t/u ??

[indiestu] 15/11/2024 09:56

Team17 announces that it has been notified by Debbie Bestwick MBE,
Non-Executive Director of the Company (the "Selling Shareholder"), that she
has agreed to sell, subject to completion, 3,026,694 ordinary shares of £0.01
each ("Ordinary Shares") in the Company (the "Sale Shares") at a price of
£2.10 per Sale Share (the "Sale").

Debbie 'agreed' to sell so to agree there must have been demand from somewhere.

It puts my theory of a sale in doubt. Maybe Peel Hunt wanted them to generate some liquidity. Must be due a rally here soon and with some stock sitting out there and ready to distribute it could have legs.

[parob] 30/10/2024 17:57

Loads of very large trades reported after hours.

[value viper] 30/10/2024 15:42

It's all about no messing with BPR in the budget atm end of

[parob] 30/10/2024 13:59

Double bottom at the end of the downtrend too.

[parob] 30/10/2024 13:36

Yes I agree. I've added too on the back of this morning's RNS.There have been some high volume days recently. Hopefully once these transfers of shares are complete we will be free to move up.FDEV has been moving up recently too, could also be a takeover target in this sector imo. I am a holder there too.

[indiestu] 30/10/2024 08:28

I've been waiting to find an entry into Team 17 since missing the 19-21 rally. It seems like FY24 will be another year of revenue growth. This mornings RNS has sparked my attention. Its an interesting hire, the RNS highlights in particular Rashid's experience in M&A and his role in the sale of Jagex and Codemasters. The sector is out of favour but I'm in as I have a suspicion Team 17 are up for sale.

[parob] 25/10/2024 10:49

Entered today. Hoping the high volume day a couple of days back was a seller clearing and so it's free to move up now.

[johndoe23] 26/9/2024 18:40

See NT has bought in recently, as a recovery play

[sbb1x] 11/9/2024 15:22

Some big buys here and #FDEV today

[parob] 17/7/2024 09:05

Not a holder here but well done to those who bought in late 2023. Good to see an in-line trading update for you today. I do hold FDEV however, having initially bought in at the start of this year. Had a few top ups too. In terms of market cap:FDEV (£100M MCap with £29.5M cash May 24) is currently trading at just over X 1 sales. TM17 (£437M MCap with £42.7m cash Dec 23) are trading at just under 3 X sales.Just thought I'd mention they might be worth a look if you like this space. DYOR if you take a look.

[bigbigdave] 16/7/2024 05:54

*RBC STARTS TEAM17 WITH 'OUTPERFORM' - PRICE TARGET 360 PENCE

[blackhorse23] 28/6/2024 19:19

Switched to RNK

[aeonflux] 17/5/2024 12:21

BlackRock Smaller sells costly Team17

BlackRock fund manager Roland Arnold has reduced his position in Team17 (TM17) after the video game developer lost control of its cost base.

Arnold still holds the stock in his £684m BlackRock Smaller Companies (BRSC) investment trust but trimmed the position in Team17, which gave a profit warning last November.

‘The gaming industry had a tough year in 2023, with the demand for “triple A” games [high-budget and high-profile games] disappointing generally, and a number of revenue-related disappointments across the industry,’ Arnold said.

‘We spent a lot of time looking at Team17, analysing the bestseller lists to gain comfort that volumes would not disappoint.’

However, he noted that ‘sadly, volumes were not the issue, and revenue forecasts were achieved’ and in fact, the management had ‘lost control of the cost base leading to a warning on profitability’.

‘We have reduced the position but have maintained a small holding in the belief a cost problem can be fixed more easily when there isn’t a revenue issue,’ Arnold said.

Shares in Team17 have fallen 3.3% this week to 262p but are up 42% year-to-date.

[aeonflux] 09/5/2024 16:16

Deutsche Bank starts Team17 with 'buy' - price target 325 pence

[phowdo] 16/4/2024 07:12

> That was great due dilligence.

Probably was the usual DD for a videogame company -> Are the CEOs mates? If so sign it through. Theres been some shocking overpriced acq in the space over the last 4 years. Only have to look at the mess at Embracer. FDEV did a bonkers one too.

Anyway, looks like Debbie timed her exit well. Difficult times ahead for the sector.