The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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This has been strange I have wondered why CDM hasn’t followed as closely in growth . FDEV looks well over done or CDM is well underdone . Again would have expected bigger gains off RNS this morning . 20% perhaps
I've done very well in Team17 also - they just keep progressing (indie games have a real cult following).
Take a look at FDEV over the last year or so
Gaming Realms CT. Another company in profit.
Are there any other listed gaming corps on the AIM / LSE?
Very strange too at the moment I can buy for 389 and i can sell for 389.4! More relatively big trades coming through now
A few big buys trickling in too. One for 100,000 shares, the other for 263,000 so prepare for a holdings RNS to come soon as well maybe?
Looks pretty good to me. Lets see what the day brings.
£80.5 million of sales in H1 exceptional! Forecasts for the full year are around £120 million so this is poised to smash those too. Some big growth ahead. F1 has been a real winner, it's such an important game for the company.
I agree with Boris on the recent game releases. Fast & Furious wasn't well received at all and Project CARS 3 didn't go down well with its loyal fanbase. I've trimmed my position right back. A few thoughts here: https://riverotter.co.uk/2020/09/30/slightly-mad-car-crash-at-codemasters/
The user reviews for PC3 aren't filling me with confidence. The Codies must be wondering what they got for their money when they bought Slightly Mad Studios. I'm out for now.
Good luck to everyone who's holding.
Yes, Codemasters has been good. Some of my other decisions, not so much. Premier Oil taught me not to play with fire.
Steam Reviews for Project Cars 3 aren't going well. 52% positive so far. At least people are buying it. There's a distinct lack of user reviews for Fast and Furious on Steam or Amazon.
That makes sense to be honest regarding how the share price moves. 2.40 should see you a nice amount of profit though regardless of when you choose to hop out!
It's not unusual for this share to be static. It usually spikes up on news and then stays static until it hits its trend line. The exception was the F1 2020 release, where the price shot up and then quickly retraced all the way down again. That was painful and had me really wishing I'd sold out on the jump.
I've been in since 240, so Codemasters have been good for me. I sold out a big chunk when the Fast and Furious reviews hit and am just playing with profits at this point.
Aye. Same, I've not long had CDM but it has gone down slightly since I bought but otherwise remained very stable. I've never owned another share with so little movement.
I was thinking it would only be the sort of people with gaming chairs and steering wheels who'd be put off by PC3, i.e. the minority. IGN posted a 6/10 review today which doesn't bode well unfortunately.
I'm not sure you can believe what analysts say about small gaming companies. For a company of Codemasters's size, a couple of flops would hurt them really badly, regardless of how good things have looked so far. Personally I'm cautiously holding until there's a clearer idea of which way the wind is blowing.
Yeah, most reviews for PC3 seem rather mixed but the general feel is that it has stepped away from being a pure driving/racing sim and is attempting wider appeal, difficult market to break into with house hold names like Forza already occupying that space but we'll have to wait and see!
Most analysts have a price target over the next 12 months between 4.15 and 4.88 so hopefully we'll see some encouraging movement after the release. Still a very unusual rise and dip from what is normally a very steady share.
Yea, that was odd. I tried and was only offered the lower price on opening.
Project Cars 3 will be on wide release tomorrow. We should quickly get an idea what the masses think of it.
Straight back down today to the exact price it was before the rise. Seems a bit dodgy?
Delayed reaction to early Project Cars 3 reviews perhaps? Feedback seems to be average to good so far. It sounds like the game is aiming at the Forza/Grand Turismo audience, rather than the hard-core simulation crowd. Could be a smart move as that ought to be where the money is.
What the hell just happened at the end of the day, not that I'm complaining but that was rapid. 14p rise seeingly out if nowhere
A lot is hinging on Project Cars 3 IMHO. The acquisition of Slightly Mad Studios will start to look expensive if PC3 reviews are as bad as they were for the Fast and Furious game.
Video game specialist Codemasters is another British company to have defied the prevailing economic gloom.
Best known for its F1 series, Codemasters is behind several other racing car games, such as Project Cars, Dirt and Fast & Furious. Lockdown left many people with time on their hands and gaming proved a useful distraction. Sales rose across the industry as gamers twiddled consoles for hours on end, with high-quality titles particularly popular.
These are the types of game that Codemasters focuses on, and chief executive Frank Sagnier said last week that trading had been exceptionally strong in recent months so results for the year to March 2021 would be significantly ahead of expectations.
Sagnier admits that recent sales are less turbocharged than when the lockdown was at its peak, but the group is still selling more games than before the pandemic started. Some people who never played before have discovered the joys of gaming. And old-timers have turned back to past car racing favourites. The latest Formula 1 title, F1 2020, was launched at the start of last month and has proved extremely popular, with top scores from gaming enthusiasts.
Fast & Furious Crossroads, unveiled ten days ago, has also made good initial progress.
Gaming groups tend to make most of their money from new titles, so Sagnier's optimism is encouraging, particularly as Codemasters still has two more two big games to launch this year – Project Cars 3 and Dirt 5, coming out later this month and in October respectively. After last week's trading update, analysts expect a 57 per cent increase in sales to £120million for the year to March 2021, with profits soaring 63 per cent to £30.6million. No dividend is scheduled, but the company is accumulating cash, and payouts may be on the cards as the business expands.
There is plenty of potential for further growth. Warwickshire-based Codemasters bought Fast & Furious developer Slightly Mad Studios in November last year and integration has gone well to date.
But the deal should yield many more opportunities over the next year or two.