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Be greedy when others are fearful. Time to top up. The stock metrics are great. The IP/ROCE/little to no debt/private owners don't dilute shares generally. Consistent Year on year revenue, operating profit & operating margin growth..... this stock will shine through.
I think it was 3.5m shares sold at 50p at 10.30 this morning
.....just seen that, apparently 1.45million shares were dumped comprising of 4 trades this morning. Now, who was desperate to get out and why? This will go lower until a greater explanation is given.
What's going on earth is going on with this? First we get a big tumble this morning to a ridiculously low price of 50p and then beyond 4.30pm we get these RNS's. In between time there are loads of buys early on and loads of sells later. This does not bode well whatever is behind it. I woudn't be surprised if they are suspended in the morning.
It says '' A price monitoring extension is activated when the matching process would have otherwise resulted in an execution price that is a pre-determined percentage above or below the price of the most recent automated execution today''........I'm not even sure I in fact understand exactly what that means in practice.....and more to the point why it has happened.
How do you auction after a load of selling and no one is buying? Back to 50p sells tomorrow maybe? Glad I didn’t jump in, looks very undervalued but these trades don’t make sense unless it’s a distressed seller or something more worrying.
Extension time expired, highly unusual and points to the downside. Interesting auction tomorrow morning.
Price extension, could be a dump.
The only problem I can see with this one is that the Share Price is always falling rapidly.
Could there be an accounting irregularity?
This is a very fair point....was modelling this company last week and if you expense the development costs it is an extremely pricey ticket still. In fairness though...it is the same kind of spend as capex and is the only thing that can contribute towards this companies future growth...so I'm not criticizing their accounting.
Im on the sidelines for now...very tough call. The HN 2 data that seems poor is interesting....was speaking to an analyst who noted that HN1 when it came out was heavily criticised and yet has grown into a very successful franchise. Just feel like there is quite a few uncertainties with this one...
It's only on a PE of 9 if you ignore the tens of millions of development costs that they are putting through the balance sheet. Including them it's a loss making company burning cash...
PE = c9
Cheap ...
Drop overdone imo, the buys are coming in!
This is insane....20% drop already from an absolute tanking. Its either a great opp or something has leaked...it's really hard to know as one of most silent companies on market and difficult to trade for most PI's because of the US regulatory status thing i.e. can't do it on hargreaves lansdown.
surprised there isn't more chat here...
What the hell is going on here?? Massive sells going through way below the bid
I've been researching this share recently. I especially like the manner in which the company look after their staff. The only slight concern what portion of their revenues does the hello neighbor franchise make up? Does anyone know. Thanks in advance
Proper hammer chart signal on Friday and yesterday a small percentage gain. So as the hammer indicated on Friday the share price may now better
I think TBLD's games will be more resistant in any consumer downturn. They're indie, cheaper and generally seem better suited to a younger audience who don't pay the energy bills etc. (if anything their disposable income is going up with salary increases.)
I share the disappointment re: Hello Neighbour 2 - largely because the CEO mentions the game in every bloody interview he does (wouldn't have mattered so much if he didn't do that.) It's good to see they're listening to feedback and developing the game further (check out latest posts on Steam News). Unfortunately though the real opportunity is with the launch. Those bad reviews will hang around online forever when someone is looking for a new game to buy.
Regardless, completely agree with others, great fundamentals and the share is now undervalued. I'm not entirely convinced by the CEO now given the poor release of Hello Neighbour 2. He's clearly still learning.
https://store.steampowered.com/news/app/1321680
apologies pdiddy....I must be mistaken on the IP front for T17...thought they were just developers. even still...valuation disparity is completely unjustified!
Hope so. Just sell sell sell every day though. I’ve put some in as can’t see any reason for the mass selling but fingers crossed
This share price is completely unjustified. I am confident, though, that it will not be tiny for long!
OK so I've had a closer look, they are both so similar in terms of operating margin, cash at hand, no debt, TM17 does own alot of IP and Debbie Bestwick the founder at the helm. 12 brokers covering TM17, 6 BUY, 5 STRONG BUY, 1 HOLD. Main difference between the 2 is ROCE...... 16% for TBLD vs 10% TM17..... So a win for TBLD on this front. I believe it to be similar IP ownership between the 2 companies, TM17 has all of the IP of the Worms franchise as well as that of the smaller houses they gobbled up.
Pdiddy.....agree with most points aside from it being similar in quality to team17...incredible thing is (and people correct me if im wrong) i see this as such a potentially more bagger of a play than team17. That being driven by them owning all their own IP....Team17 doesn't do this do they, they just develop?
Aside from that TB looks far better from what I can see in terms of financial performance and balance sheet strength. One of the most odd discrepancies in the market right now, TB vs team17...I don't get it.
It will rerate. Its comparable in so many ways this stock to TM17. But TM17 sitting on a PE of 18. This is on 10. At some point it will seriously rerate as its ridiculously valued far to low by the market. BULL points:- Founder/owner with the company, growing IP, cash in the bank, ROCE at 16%, 30% margin, 7 brokers saying BUY, None say hold or sell, no debt. BEAR Points:- Hello Neighbour 2 could have been better, big increase in staff overhead, tech stocks out of favour although rallying..... but all in all this is still way undervalued. People say as its a recession'esque period people won't want to buy games as they are tightening their belts. I disagree. Most of their catalogue of Indie games are affordable to even low income families..... my 2 cents.
What is going on the price just keeps falling. Investors chronicle rates it as a buy a couple weeks ago as well.