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Codemasters starting to inch up. Nice gap at 278p to take out.
Latest broker views
Date Broker Recomm. Current Price Price when issued Old price New price
07 Apr 20 Shore Capital Buy 265.00 247.50 - -
07 Apr 20 Liberum Capital Buy 265.00 247.50 370.00 -
07 Apr 20 Peel Hunt Buy 265.00 247.50 375.00 -
03 Mar 20 Berenberg Buy 265.00 297.50 380.00 -
Citywire The Expert View. 08 April 2020
Lockdown winner Codemasters is Jefferies’ top pick
Gaming group Codemasters (CDM) is benefiting from coronavirus lockdown and it is Jefferies’ top small and mid-cap pick.
Analyst Ken Rumph retained his ‘buy’ recommendation and target price of 346p on the shares, which rose 7.8% to 266.9p yesterday.
He said there was ‘much to like’ in the 2020 update from the group and its exposure to the ‘risk-positive digitisation trend’.
‘Codemasters is first to confirm a financial, as well as user, benefit from March’s stay-home - a full April effect and recurrent quasi-lockdowns during the rest of 2020, given there is a testing exit strategy or vaccine in sight before fourth quarter 2020 and 2021, respectively, should be positive for revenues across the sector,’ he said.
CAUTIOUSCOLA few seconds ago
I bought codemasters 3 months ago on expert recommendation, and increased holding yesterday to a significant exposure. Being a 73 year old, I have no interest whatever in computer games, but I understand codemasters is to let loose on the market a wizzing exciting game. seems a very encouraging investment.
CDM Codemasters..........far more buys than sells, cant see why its down today......so far.
Recent tradesTrades today: 45
Trade time Trade price Trade quantity Buy/Sell Bid price Ask price
08 Apr 12:05:49 268.00 500 Buy 260.00 270.00
08 Apr 11:53:47 270.00 735 Buy 260.00 270.00
08 Apr 11:53:26 269.60 500 Buy 260.00 272.00
08 Apr 11:51:12 266.00 809 260.00 272.00
08 Apr 11:44:56 271.25 1,843 Buy 260.00 272.00
08 Apr 11:35:32 269.60 400 Buy 260.00 272.00
08 Apr 11:33:40 272.00 730 Buy 260.00 273.00
08 Apr 11:33:40 264.00 286 Sell 260.00 273.00
08 Apr 11:33:26 270.40 500 Buy 260.00 273.00
08 Apr 11:07:28 272.00 1,838 Buy 260.00 273.00
08 Apr 11:00:04 272.00 201 Buy 260.00 273.00
08 Apr 10:53:12 272.00 1,000 Buy 260.00 273.00
08 Apr 10:44:06 265.50 1,570 Sell 260.00 273.00
08 Apr 10:41:18 270.40 366 Buy 260.00 273.00
08 Apr 10:33:50 270.40 459 Buy 260.00 273.00
08 Apr 10:24:23 270.40 180 Buy 260.00 273.00
08 Apr 10:20:14 270.40 369 Buy 260.00 273.00
08 Apr 10:13:21 271.75 1,103 Buy 260.00 273.00
08 Apr 10:10:06 271.75 547 Buy 260.00 273.00
08 Apr 10:08:31 271.75 1,849 Buy 260.00 273.00
08 Apr 10:06:27 271.75 1,838 Buy 260.00 273.00
08 Apr 10:03:34 271.75 643 Buy 260.00 273.00
08 Apr 09:44:28 266.05 7,547 Sell 260.00 273.00
08 Apr 09:43:59 270.40 184 Buy 260.00 273.00
08 Apr 09:42:37 265.20 600 Sell 260.00 273.00
08 Apr 09:41:42 270.40 369 Buy 260.00 273.00
08 Apr 09:38:57 270.40 274 Buy 260.00 273.00
08 Apr 09:35:41 270.40 129 Buy 260.00 273.00
08 Apr 09:32:29 270.00 6,834 Buy 260.00 273.00
08 Apr 09:17:02 270.40 18 Buy 260.00 273.00
08 Apr 09:14:55 271.75 1,838 Buy 260.00 273.00
08 Apr 08:52:07 271.75 1,835 Buy 260.00 273.00
08 Apr 08:40:22 271.75 735 Buy 260.00 273.00
Just taken a punt on CDM Codemasters Group...... games developer. More people stuck at home = more playing of online games. Sifted it out from 3 other gaming targets and it looked the strongest but also comes with a big spread, they all seem to do.
Latest update here Bullish........https://www.investegate.co.uk/codemasters-grp-hldg--cdm-/rns/year-end-trading-update/202004070700039750I/
I am expecting a strong news flow pipeline.
Brokers are bullish about it. ALL BUYS
Latest broker views
Date Broker Recomm. Current Price Price when issued Old price New price
07 Apr 20 Shore Capital Buy 266.50 247.50 - -
07 Apr 20 Liberum Capital Buy 266.50 247.50 370.00 -
07 Apr 20 Peel Hunt Buy 266.50 247.50 375.00 -
23 Mar 20 Peel Hunt Buy 266.50 221.00 375.00 -
13 Mar 20 Peel Hunt Buy 266.50 237.00 375.00 -
13 Mar 20 Liberum Capital Buy 266.50 237.00 370.00 -
12 Mar 20 Liberum Capital Buy 266.50 245.00 370.00 -
10 Mar 20 Liberum Capital Buy 266.50 267.00 370.00 -
10 Mar 20 Peel Hunt Buy 266.50 267.00 375.00 -
03 Mar 20 Berenberg Buy 266.50 297.50 380.00 -
Sailed through the 200 day Moving Average yesterday on the RNS update.
Yep - I also took the opportunity to top-up on Friday morning. Completely warranted recovery since then! (That said, I wouldn't be a seller of LLoyds here either!)
Well - I’ve just dumped my LLOY and taken a nice big punt on this. CDM has got the talent, and the new IP.
...makes no sense. people travelling less and staying home more - what are they going to do? Downloading and playing games seems a good bet I reckon. This thing should be flying, not crashing!!!
I am as bullish as you regarding the prospects here!!
You see, it wasn't so hard for you to go out and find some catalysts was it? Glad you took my advice and did a bit of thinking for yourself.:-). Dig a bit deeper and you'll find that there are other games being dveloped in addition to F1 and F&F, that it trades on about half other games manufacturers, that the move to streaming will lower capital intensity which will increase gross margins, and last but not least, it's a small cap that has net cash on the balance sheet (which is rare). Go deeper still, and you find that Mark Slater, and extremely talented UK midcap stock picker, has initiated a position in the last 6 months. Have I persuaded you to buy a few yet ;-)
Now that is funny. One comment of substance which relates to a PE multiple ... something that can be found on any subscription package or via a decent broker ! I’ll give you two to assist ... new game releases in Fast & Furious , F1 and ever expanding downloadable content which is rapidly growing the revenue streams. Oh and I don’t hold but considering a few !
Wrong on both counts. My comments regarding the attractivenes of this stock are already on this Board, whilst all I suggested to you was do a bit of research and then we can have a proper debate. If so, then you'll find out how much I know about this stock, and investment in general, won't you?
Matt - clearly, you are rude and equally not much in the know either judging by your response ! ATB
I don't mean to be rude, but perhaps worth doing a bit of research yourself before coming on here and asking such open questions?
looks like multi-millionaire Baron Investments from twitter (https://twitter.com/barondaytrading) is in this now. He's not said anything on it but he's updated his investment page.
I don't know this, what's the catalysts from here? It's been on a very good run of late!
Its been tipped just about everywhere so that could be a reason. Few larger buys seem to have pushed it up
...at 279p. Good and continuing growth, falling capital intensity, and a falling to a PE of nearly 10x 2021. Also, cash on the balance sheet which is always nice to see for a smaller Company. Nice pick up today, though can't find why. Anyone know?
Here's the cached content of the article:
One of three Midas tips for 2020: Over the past 40 years, video gaming has become a £90 billion industry, with sales rising by around 9 per cent annually.
Codemasters is a relative minnow in the sector but it is growing faster than the rest of the market and chief executive Frank Sagnier believes that the group can double in size over the next five years.
The shares have had a good run in recent months but, at £2.78, they are still undervalued compared to rivals and should continue to gain ground this year and beyond.
Codemasters specialises in racing games. The group is best known for its Formula One series, but it is behind several other successful titles, such as Dirt, Rally and Grid, all based on the racing theme. Late last year, Sagnier added to this collection, acquiring Slightly Mad Studios, another racing-focused developer, which is launching a game based on the Hollywood blockbuster Fast & Furious in May of this year.
Sagnier is ambitious – and rightly so. The gaming industry is not just growing fast, it is also evolving, as digital games become increasingly popular, downloaded instantly from the internet.
These games can be played on computers and mobiles and they are considerably more profitable for developers such as Codemasters. They do not have to create a physical product, they can bypass traditional retailers and, importantly, the games can be upgraded over time, with consumers paying for new features and accessories.
Around 60 per cent of Codemasters’ revenues come from digital games and this is expected to rise to close to 90 per cent over the next few years. Sagnier has also signed a deal with one of China’s biggest gaming groups, NetEase, which should prove hugely rewarding. And Grid is one of the first games on a new streaming service from Google, Stadia, a little like Netflix for gamers.
Brokers expect group sales to increase by 18 per cent to £84 million in the year to March and £114 million in 2021. Profits are forecast to rise 9 per cent to £14.5 million this year, more than doubling to £30 million next. Midas verdict: Codemasters is a fast-growing business in a resilient industry. At £2.78, the shares are a buy.
If anybody has the full article please post here
"Investors should be taking note," stated Berenberg.
On the back of its now higher estimates, Berenberg said Codemasters shares were left trades on a price-to-earnings multiple of only 12x, which was more than 40% below that of its global peers.
"Codemasters' enhanced positioning could ultimately lead to interest from potential acquirers should this discount fail to narrow," said the analysts.
Berenberg said the group was now "an apex predator" within racing games, with lower revenue concentration, better growth opportunities and exposure to all categories of the genre.
"Simply put, Codemasters is an undervalued asset. Buy."
Sure has moved now. Cant say I saw this acquisition coming . I thought the placing was just abut an early investor leaving. Turns out they have bought a vey lucrative add on to increase earnings dramatically. Broker market equally dramatically upgraded from £3.10 - £3.70. Fortunately I was out and about otherwise might have easily fallen prey to the MMs favourite game 'tree shake!' £2.00 my arse
3 buy recommendations from brokers this morning but little movement on the half year report.........
about to say for less five shares but my partner keeps showing me camper cans on eBay so I pressed the post button by accident before I'd finished, Drives me nuts! Good feeling about this stock. Some good backers. Vroom vroom
Picked up another few for the same value