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Share Price Information for Team17 (TM17)

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Share Price: 277.50
Bid: 275.00
Ask: 280.00
Change: -12.00 (-4.26%)
Spread: 5.00 (1.818%)
Open: 290.00
High: 270.00
Low: 270.00
Prev. Close: 282.00
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Sunday share tips: Indivior, Team 17, 3i Infrastructure, Motif Bio

Sun, 30th Dec 2018 16:21

(Sharecast News) - In her 'Inside the City' column for the Sunday Times this week, Sabah Meddings looked back on the year that was for Indivior - the FTSE 250 firm that has seen its share price fall and fall again as it fights for the right to exclusively sell its 'Suboxone' film treatment for opioid addicts.The company has spent much of the year in a battle with Indian generic pharmaceutical manufacturer Dr Reddy's Laboratories, which claims it can legally launch a generic version of Suboxone.It has also put in tremendous effort to move patients from the sublingually-dissolving treatment to the monthly injection 'Sublocade', without seeing much success.Indivior initially advised shareholders that it was expecting to see Sublocade sales of around $100m, but has since taken an axe to that figure and revised it to $12m.Negative RNS release after negative RNS release has seen investors jump ship, with the share price falling almost three-quarters and more than £2bn wiped from Indivior's value.The firm - spun out of consumer behemoth Reckitt Benckiser in 2014 - was once worth £2.9bn, but now had a market cap of barely more than £795m.Meddings did note that there were questions around whether the company did enough to guide investors over its potential downside, but said that was an argument for another time.For the brave investor, Meddings claimed there were some possible reasons things could look somewhat brighter for Indivior in 2019, with the company planning to launch an authorised generic version of Suboxone to compete with competitor generics.That should generate revenue in the tens of millions of dollars, which - while unlikely to see it recover to its previous $1.1bn turnover - would coincide with chief Shaun Thaxter's cost-cutting measures.It was also pinning at least some of its hopes on a schizophrenia treatment dubbed 'Perseris', which was set to launch in February, and would help to diversify the firm's focus from Suboxone.Analysts at Jefferies have forecast peak sales of Perseris of around $300m, though Indivior would be sharing the winnings with a partner.Meddings also pointed out that the FDA in the US, which recently gave only "tentative approval" to the weekly injection Brixadi - a rival to Sublocade - had now decided to award exclusivity to Indivior until November 2020."Indivior must speed up its pipeline of new treatments to replace the inevitable loss in revenue from Suboxone Film," Sabah Meddings wrote."However, the danger finally appears to be factored into the share price - Jefferies has a 120p target, while Stifel has a hugely more ambitious 440p."Also, the current 109.2p may attract a predator. Buy."Over in the Mail on Sunday, Joanne Hart was giving her readers an after-Christmas sale of sorts in her 'Midas' column, recommending three different stocks to "keep profits bubbling".She said between American trade uncertainty, the rise of continental populism and the apparently undervalued nature of UK stocks, there was little to cheer about - but plenty of opportunity.Her first recommendation was video games developer Team 17, run by Debbie Bestwick, and with such popular titles as Overcooked and My Time With Portia.The firm was founded in 1990 but only floated on AIM in May, at £1.65 per share, before soon rocketing to £2.80 by September.It had since drifted back down to £1.83 - a price that, according to Hart, made it a buy."Gaming has become a multi-billion pound industry and gamers are likely to carry on playing regardless of economic conditions," she wrote."Team17 is at the forefront of its field and the shares should rise. At 183p, they are a buy."Next, Hart suggested a look at publicly-listed private equity business 3i Group, with its shares currently sitting at £7.95 - a price that "should rise materially" in 2019 and beyond.A decade ago, the firm was involved with hundreds of firms and had taken on a hefty debt burden to fund them, but it had since slimmed down to just 35 investments, giving it the opportunity to actively support every one of them.Its investees were spread across the UK, Northern Europe and the US, and 3i had apparently selected all of them for their growth potential, aiming to double their value within five years.In the year to 30 March, the company paid a 30p dividend, with analysts expecting an even more generous distribution in a few months' time."3i shares have suffered this year, in line with the wider market," Hart said,"At £7.95, they should prove a rewarding investment - and the dividends add an extra bit of spice."The final company on Joanne Hart's shopping list was Motif Bio, a company developing a new antibiotic - 'iclaprim' - which was reportedly safer and more effective than existing drugs, and saved hospitals money.Motif Bio shares were currently sitting at 28p, with brokers expecting them to possibly triple in coming months.Hart noted that, for many small biotech firms, the challenge was whether they could get regulatory approval for their products before the cash wells ran dry, but said Motif Bio was well on track, with trials recently completed and the FDA in the US expected to give iclaprim the big green tick in February.Chief executive Graham Lumsden was also on the hunt for a partner company with a fat wallet to help bring the drug the market.Discussions on that front were ongoing, with news expected in the next few months."Motif Bio shares have fallen this year but the company is doing everything right," Joanne Hart said."At 28p, the stock has serious potential. Buy."
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12 Jun 2024 16:07

UK shareholder meetings calendar - next 7 days

Thursday 13 June 
Beacon Rise Holdings PLCAGM
Christie Group PLCAGM
Everyman Media Group PLCAGM
Hochschild Mining PLCAGM
Iofina PLCAGM
Jadestone Energy PLCAGM
Panther Metals PLCAGM
Pollen Street Group LtdAGM
Poolbeg Pharma PLCAGM
Serabi Gold PLCAGM
Smurfit Kappa Group PLCGM re WestRock deal
Sound Energy PLCAGM
Starwood European Real Estate Finance LtdAGM
Friday 14 June 
Amaroq Minerals LtdAGM
Asian Energy Impact Trust PLCAGM
Beowulf Mining PLCAGM
MP Evans Group PLCAGM
Quantum Exponential Group PLCGM re investment in company
Tesco PLCAGM
Trellus Health PLCAGM
Monday 17 June 
Ashington Innovation PLCAGM
Bank of Georgia Group PLCAGM
Cambridge Cognition Holdings PLCGM re fundraise
Globalworth Real Estate Investments LtdAGM
Surgical Innovations Group PLCAGM
Tuesday 18 June 
Acceler8 Ventures PLCAGM
Andrews Sykes Group PLCAGM
Anexo Group PLCAGM
ASA International Group PLCAGM
Bay Capital PLCAGM
Bisichi PLCAGM
Blackbird PLCAGM
Darktrace PLCGM re takeover by Thoma Bravo
Gresham Technologies PLCAGM
ICG-Longbow Senior Secured UK Property Debt Investments LtdAGM
Intelligent Ultrasound Group PLCAGM
Kooth PLCAGM
Red Capital PLCAGM
Science Group PLCAGM
Somero Enterprises IncAGM
Wednesday 19 June 
Argentex Group PLCAGM
Brave Bison Group PLCAGM; vote on capital reduction
Clean Power Hydrogen PLCAGM
HC Slingsby PLCAGM
Maintel Holdings PLCAGM
Octopus Renewables Infrastructure Trust PLCAGM
RBG Holdings PLCAGM
Team17 Group PLCAGM
Videndum PLCAGM
Zinnwald Lithium LtdAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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9 May 2024 09:53

LONDON BROKER RATINGS: NatWest target raised, other lenders backed

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

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3 May 2024 09:52

Citi sees significant upside at Team17

(Sharecast News) - Citi has reiterated its 'buy' rating for British video-game developer Team17, saying it sees significant upside to its valuation as operations stabilise.

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16 Apr 2024 10:36

Team17 shares fall; swings to loss as hit by one-off costs

(Alliance News) - Team17 Group PLC shares fell on Tuesday, after it swung to an annual loss.

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9 Apr 2024 16:16

UK earnings, trading statements calendar - next 7 days

Wednesday 10 April 
Churchill China PLCFull Year Results
Epwin Group PLCFull Year Results
Futura Medical PLCFull Year Results
IQE PLCFull Year Results
M&C Saatchi PLCFull Year Results
Marshalls PLCFull Year Results
Tesco PLCFull Year Results
Thursday 11 April 
Downing Renewables & Infrastructure Trust PLCFull Year Results
Norcros PLCTrading Statement
Friday 12 April 
SigmaRoc PLCTrading Statement
Monday 15 April 
Ashmore Group PLCTrading Statement
Ceres Power Holdings PLCFull Year Results
Engage XR Holdings PLCFull Year Results
Itaconix PLCFull Year Results
Mitie Group PLCTrading Statement
Tuesday 16 April 
Accesso Technology Group PLCFull Year Results
Ashtead Technology Holdings PLCFull Year Results
Billington Holdings PLCFull Year Results
Chapel Down Group PLCFull Year Results
Equals Group PLCFull Year Results
Gattaca PLCHalf Year Results
Gresham Technologies PLCFull Year Results
IntegraFin Holdings PLCTrading Statement
Learning Technologies Group PLCFull Year Results
Next 15 Group PLCFull Year Results
Ninety One PLC and LtdTrading Statement
Oxford Instruments PLCTrading Statement
Qinetiq Group PLCTrading Statement
Petra Diamonds PLCTrading Statement
Robert Walters PLCTrading Statement
Team17 Group PLCFull Year Results
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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23 Feb 2024 09:19

LONDON BROKER RATINGS: Barclays raises Breedon but cuts Domino's Pizza

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

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31 Jan 2024 09:21

LONDON BROKER RATINGS: Jefferies raises Spirax-Sarco; cuts Victrex

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

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29 Jan 2024 09:12

LONDON BROKER RATINGS: Berenberg raises IMI; Exane BNP cuts Schroders

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

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25 Jan 2024 10:47

CORRECT: Team17 shares rise as performs "well" during Christmas period

(Corrects 2022 adjusted earnings before interest, tax, depreciation and amortisation figure.)

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25 Jan 2024 10:32

Team17 shares rise as performs "well" during Christmas period

(Alliance News) - Team17 Group PLC on Thursday said it traded strongly in the key festive period, ending 2023 with "positive momentum across the portfolio".

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12 Dec 2023 14:27

FRP Advisory first half profit more than doubles, chair set to retire

(Alliance News) - FRP Advisory Group PLC on Tuesday lifted its dividend as profit more than doubled in the first half of its financial 2024, while it also said its non-executive chair will retire in the new year.

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4 Dec 2023 10:10

LONDON BROKER RATINGS: HSBC likes Softcat; Jefferies cuts Future

(Alliance News) - The following London-listed shares received analyst recommendations xxxxday morning:

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28 Nov 2023 17:01

IN BRIEF: Team17 CEO Designate, non-executive director buy shares

Team17 Group PLC - Wakefield, England-based developer of video games, educational entertainment apps for children, and working simulation games - Chief Executive Officer Designate Steve Bell buys 54,050 shares at 185p on Monday, worth GBP99,992.50. Non-Executive Director Penny Judd buys 53,475 shares at 187p on Monday, worth GBP99,998.25.

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27 Nov 2023 11:25

IN BRIEF: Team17 chair-designate buys shares after profit warning

Team17 Group PLC - Wakefield, England-based developer of video games, educational entertainment apps for children, and working simulation games - Chair-Designate Frank Sagnier buys 108,000 shares at 190 pence, worth GBP205,200, on Friday. Team17 shares had fallen more than 40% that day, after the company warned of a decline in annual earnings, partly on "project overspends". Sagnier will replace Chris Bell as chair at the end of December. During his career, Sagnier worked for video game maker Electronic Arts Inc. His purchase of Team17 shares is his first holding.

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24 Nov 2023 16:56

LONDON MARKET CLOSE: Pound jumps above USD1.26 mark on Black Friday

(Alliance News) - Global markets saw a lacklustre session this Black Friday, with European markets edging just slightly higher.

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