The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Dirt Rally 2.0 getting some rave reviews:
Review: Dirt Rally 2.0 delivers unrivalled driving experience - https://www.eveningexpress.co.uk/fp/lifestyle/entertainment/review-xbox-dirt-rally-2-0
Dirt Rally 2.0 review - Codemasters' finest driving game yet - https://www.eurogamer.net/articles/2019-02-21-dirt-rally-2-0-review-a-marked-improvement-on-a-modern-classic
Dirt Rally 2.0 review: Dirt series hits new heights - https://www.topgear.com/car-news/gaming/dirt-rally-20-review-dirt-series-hits-new-heights
And should start getting increased interest with Dirt Rally 2.0 release:
https://twitter.com/BBC_TopGear/status/1099617517360898048
Chart interesting too. Looks to be on the way back up.
FT article also notes the possibility of a bid: "a bid from a larger group eager for its tech and licences would be far from surprising."
"UK games making in pole position for digital discovery
Expanded online distribution will help steer Codemasters to further success"
FT article higlighting that CDM trades at a significant discount to the likes of TM17 and FDEV, but the discount could well be narrowed if plans by the CEO to expand in key areas prove successful.
https://www.ft.com/content/b70bebd8-346d-11e9-bd3a-8b2a211d90d5
For anyone not aware - http://irpages2.equitystory.com/websites/rns_news/English/1100/news-tool---rns---eqs-group.html?article=28237729&company=codemasterssoft
Not bad since the 1st November though
Soros Fund Management takes a 5.66% stake.
That's a nice vote of confidence!
https://www.gtplanet.net/f1-2018-topped-the-sales-charts-in-11-countries/
F1 2018 releases today
Hi everyone, i’ve Just joined the party. Great write up in shares magazine this week.
Good read, cheers. Broker Liberum expects revenues of £71.5m (+12%) in FY19, £81.0m (+13%) in FY20 and £90.2m (+11%) in FY21. With all things considered, Codemaster is expected to reach an EPS growth rate of 11% in FY20 and 12% in FY21. As a result, Broker Liberum has derived a £440 million valuation to their business which works out to c.310p per share.
From the admission document... Has F1 2018 franchise game coming out in a few months. Usually goes for around �50 / unit. Last version of this game made lifetime sales of 14m with Codemasters receiving a royalty. "On Rush" game just been released. Mixed reviews. But is Codemasters own IP. From what I understand... Reliance Ent can't sell their shares for 1 year. They also have right to director on board. Current major shareholders: Major Shareholders Reliance Big Entertainment Singapore Pte. Ltd 28.5% Marlborough Fund Managers Limited 5.5% Slater Investments Limited 5.4% Sand Grove Capital Management LLP 5.0% Old Mutual Global Investors (UK) Limited 4.2% Canaccord Genuity Limited1 3.9% Henderson Global Investors Limited 3.2% Slater came on board 1 June with 5.36% and Sand Grove Opportunities Master Fund with 5% of financial instruments just before official listing. Financials (2016-2018) Grown revenue from �31m to �63m Gross profit �26m to �53m Operating profit �3m to �8m (with a �14m spike in 2017) Overall loss of �10m to �0.9m profit Cash at year end �0.8m to �9m Debt: �120m loan due to Reliance, but converted to equity and $5m remaining. Revenues split across geographies in latest year. EU, UK & US - �36m, �12m, �9m. Split of boxed revenue ahead with �37m then digital �25m. Wages: Highest paid director �0.5m with stock options. Dividend: Doesn't intend to pay one. Games in portfolio F1 On Rush Grid Autosport (TOCA series) Micro Machines World Series Dirt (rally game used to be Colin McRae) Overlord Toybox Turbos Older portfolio of published games including: Dizzy series Brian Lara Cricket Operation Flashpoint Bodycount James Pond 2: Robocod Worms 4: Mayhem Particularly known for their racing gaming development engine. Future: Wants to develop more mobile and VR games Current market cap - �385m Shares at a premium to 200p IPO price.
With great respect, could care less about fundamentals or any of the other rubbish. The real news is that they cost 200 and closed at 260 bid. Makes for a fairly tolerable weekend.
http://www.codemasters.com/wp-content/uploads/2018/05/Admission-Document.pdf
I'm assuming Mcap of 280Mil and Earnings of 63Mil gives P/E of 4.44. Anyone know Codemasters current debt? Also what upcoming games are in the works? I know they have F1 and Dirt ip's.
Trying to find some financials on Codemasters, shares in issue, mcap, PE etc.. not having much luck at the moment.. Anyone found any good links?