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Yes this has been punished like the other games companies but as been stated we are in a much different position with good revenues and profit . They have had to have a re-organisation with staff numbers but this often happens after acquisitions. Like to think the heavyweight management team in place and confident director buying stands the share in a good place going forward .
Yes this has been punished like the other games companies but as been stated we are in a much different position with good revenues and profit . They have had to have a re-organisation with staff numbers but this often happens after acquisitions. Like to think the heavyweight management team in place and confident director buying stands the share in a good place going forward .
Still ehre in my opinion, maybe reached the bottom of the level they're prepared to sell at. But it does seems the buyer/buyers for the first time seem to be slightly outtweighing them in volume. Considering the generally good health this company is in, any educated II'swith the ability to hold longer term, can't be looking at this as one to cut your losses on. Naturally we just don't know what other peoples trading strategies are, but this must be a minority overaLll to be prepared to dump so much here.
Agree completely with that post TurtleHead.
TBLD and FDEV are basket cases with unpopular catalogues. Devolver Digital on the other hand is fundementally the best indie company in the world in terms of their games popularity, reach and fanbase, the share itself is a completely different matter (they are using British investors are funding pigs) although at somepoint there has to be a turnaround on DEVO.
Buying more TM17 today, fair value is £2.5 and better years ahead.
Think we are due a rebound here.....
Better…. Let’s see a green day tomorrow
If Big Deb buys in now will push us closer back where we should be ^^
Bit of a positive day here. Hopefully bottom in. Yes I wonder if she found her purse 😂
Buys will pop up tomorrow, she's probably timed it perfectly to coincide with the seller disappearing. Good ol lass
#lamborghinis
The directors dont whack in £400k+ at 1.90 or so if they didnt think so
absolute steal IMO
Just been a big seller here for a while, must be done or near done....first time its 'bounced' after a big print
Should really be in the low £2s
Let's see
IMO
Phillysteak over on ADVFN:
"Has anyone actually done any proper research here? 4.25x EV/EBITDA is crazy for a company that has been strongly profitable every half since it's May 2018 IPO.
FDEV, DEVO & TBLD are utter basket cases, TM17 is a company that is profitable & has so many strands to it;
- Original own IP games from pre IPO that remain valuable; Worms, Overcooked & Overcooked 2, The Escapists, all of which have PC revenues of >$15m
- Own IP games which have been acquired since IPO; Golf with your friends & Hell Let Loose ($84m PC revenue since release in 2021, $22m in the last 12 months, unknown on PS5 +XBOX).
- IP owned via the €100m Astragon acquisition, financed via a placing of 11m shares at £7.14 - their only dilution since IPO. Given today's share price the decision to fund it via a placing looks very smart indeed. Astragon own the rights to dozens of popular simulator games + published rights to the most popular PC game in Germany, Farm Simulator.
- Many additional games which have had success like Marauders, Blasphemous & 2023 favourite Dredge.
- There also own Storytoys, which is a subscription service for children's 'edutainment', 320k subscriptions as of 30/06, these are ~£5 a month so annual recurring revenue is likely approaching £20m. Purchased a couple of years back when subscriptions were only 130k...
Headcount has got a little high post covid - from 265 at the end of 2021 to the 439 reported at 30/06/22, 53 of which were from acquisitions. Get this rightsized and EPS should benefit materially.
But overall this looks exceptionally good value down here, I expect we'll see >£2 in the near future once some sanity returns."
To my £1.87 lol
Seems to have reversed since then and could close in the blue
At around 15:24
I wouldn't like to catch that falling knife, not sure where the value is in that company after that RNS.
Look at TLBD price now Turtle. Dropped a bit more like our drop!
Somebody wants out and doesn't care on the cost
OR
It's being shorted
Unfortunately without something from the company to supercharge the SP or an II buyer it's in their hands.
I just re-read the RNS and it's not even that bad, it's definitely a kitchen sink job, they're just suffering as the market thinks all gaming companies are doomed.
I thought buying in two days ago was a good deal if only I had waited.
Looks like this is a buy and forget about for a while.
Waiting to top up my holding more
Let them sell, im buying.
It's an idea I suppose. Share price needs something to revive it. Just keeps dropping
They would start a company share buyback scheme to help the SP recover, they have the cash to do it.
Apparently was a wider issue [LINK REMOVED]
Can get HL quote now too, wierd.
Google just updated now