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Crazy overreaction but normal these days. Vast majority of individual trades are buys. Just shows how a forced seller can distort the market.
Let's not forget they're going to beat market expectations this year, it's an impairment due to some restructuring of staff and games.
Not a profit warning, in fact net cash is improving and they're very well stocked.
At the end of the day, Team17 has been and still is publishing top quality indie games that get global outreach, very few companies can claim this. In 2023 alone, they published games like Dredge that has won several nominations for Global Indie Game of Year, has 20,000+ overwhelmingly positive reviews on steam.
The company is profitable and has great prospects when the gaming market picks up again.
Lowest price ever was 175p so I'd like to know how you come to that arbitrary figure?
They're transferring at around 180/185, MM's won't let it happen
Dont think too long ;)
135to 145p buy in on the 3 day rule, i have probably just sent music to the shorters ears but GLA.
Must say it's awfully decent of these posters to come on here and tell us they're not buying.
Don't worry about cash, they're making profit and have no borrowing debt..... with revenues ahead of expectations, they'll be fine
Let the IIs finish what they're doing, should be in the high £2s
All IMO
The trading update did not mention the cash position which I find worrying. In the first half trading update it said that the company was highly cash generative BUT cash at 30 June 2023 was £45m compared to £51m a year earlier. If it really is so cash generative why has cash gone down by £6m. Also the first half trading update gave employee numbers as 438 compared to 392 a year earlier. My concern here is that the company has taken on too many staff too quickly and now needs to get rid of some and this will result in a hit to both profits and cash. Whilst this looks like a good company I'm going to wait for the share price to fall further before buying.
GLA
Your money
Dream on
May drop further than that with few more profit warnings
Going to 150p Garydav2, never mind lol
How much is Hell Let Loose contributing to the impairement? As I recall, they spent quite a bit of cash on buying the IP but the player response to their actions is pretty strongly negative. Player numbers way down if you look on Steam charts.
Players of more niche games are generally way less open to getting shafted compared to the demographic that buys a reheated low effort CoD or FIFA every year for £70.
The trolls are strong in this one aren't they, jeeez
Too early to jump in more to drop
Took a punt at 178.75 .....
Wait for it guys more bad news to follow this is only the beginning from the captain of the ship.
Seems the large selling has dried up for now
I think the 3 day rule here applies for the downside ,will look at this then
Hope so, provides an even better buying opportunity.
"and currently expects FY23 revenues to be modestly ahead of current market expectations."
170s next
"Capitulation hasn't happened yet ..."
lol
42% down
"While the important trading periods of Black Friday and Christmas are not yet complete, management believes the Group remains well positioned with strong traction across its new release and back catalogue titles, and currently expects FY23 revenues to be modestly ahead of current market expectations."
Capitulation hasn't happened yet ...
Aimgambler, hedging my bets at the moment. Will buy more if goes down further to 175p. If not, then happy with my holding.