Less Ads, More Data, More Tools Register for FREE

Pin to quick picksTeam17 Share News (TM17)

Share Price Information for Team17 (TM17)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
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
TM17 Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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."
More News
24 Nov 2023 11:42

LONDON MARKET MIDDAY: Stocks edge lower in quiet Thanksgiving trade

(Alliance News) - Stock prices in London were down midday on Friday, in a quiet day of trade as the Thanksgiving holiday saw global markets "hit the snooze button."

Read more
24 Nov 2023 11:01

Team17 plummets on profit warning, though expects revenue beat

(Alliance News) - Team17 Group PLC on Friday said it is "well positioned with strong traction across its new release and back catalogue titles" ahead of Black Friday and Christmas, but warned earnings are set to disappoint.

Read more
24 Nov 2023 10:55

AIM WINNERS & LOSERS: RUA Life Science slides after strong week

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

Read more
24 Nov 2023 09:43

Team17 warns on profits, shares slide

(Sharecast News) - Team17 tumbled on Friday as the games developer warned that full-year earnings will be lower than expected.

Read more
24 Nov 2023 09:23

LONDON BROKER RATINGS: Investors told to 'sell' Sage and Deliveroo

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

Read more
24 Nov 2023 08:55

LONDON MARKET OPEN: Stocks slide as Black Friday retail period begins

(Alliance News) - Stock prices in London opened in the red on Friday, on a day of lighter trading volumes owing to the US Thanksgiving holiday period.

Read more
24 Nov 2023 07:50

LONDON BRIEFING: L&G agrees GBP4.8b buy-in for Boots Pension Scheme

(Alliance News) - Stocks in London are expected to open in the red on Friday, with trading volumes likely to be lighter given the Thanksgiving holiday period in the US.

Read more
7 Nov 2023 09:28

LONDON BROKER RATINGS: Watches of Switzerland impresses HSBC; Asos cut

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

Read more
21 Sep 2023 13:24

DIRECTOR DEALINGS: Bridgepoint CFO and managing partner buy shares

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Thursday and not separately reported by Alliance News:

Read more
19 Sep 2023 14:10

Team17 maintains expectations as first-half earnings slip

(Sharecast News) - Video games specialist Team17 reported a 31% increase in revenue in its half-year results on Tuesday, reaching £69.7m, up from £53.2m in the first half of 2022.

Read more
19 Sep 2023 10:28

Team17 half-year profit falls but achieves "record" revenue

(Alliance News) - Team17 Group PLC on Tuesday backed annual guidance after first-half revenue increased, though rising costs kept a lid on profit.

Read more
12 Sep 2023 15:44

UK earnings, trading statements calendar - next 7 days

Wednesday 13 September 
abrdn Smaller Companies Income Trust PLCHalf Year Results
Argentex Group PLCHalf Year Results
Brave Bison Group PLCHalf Year Results
Burford Capital LtdHalf Year Results
CAB Payments Holdings PLCHalf Year Results
Central Asia Metals PLCHalf Year Results
Frontier Developments PLCFull Year Results
Made Tech Group PLCFull Year Results
On The Beach Group PLCTrading Statement
Pan African Resources PLCFull Year Results
Pharos Energy PLCHalf Year Results
Redrow PLCFull Year Results
Ricardo PLCFull Year Results
Star Energy Group PLCHalf Year Results
Tullow Oil PLCHalf Year Results
Thursday 14 September 
Arecor Therapeutics PLCHalf Year Results
Brooks Macdonald Group PLCFull Year Results
Capricorn Energy PLCHalf Year Results
Checkit PLCHalf Year Results
Churchill China PLCHalf Year Results
Foresight Solar Fund LtdHalf Year Results
Glenveagh Properties PLCHalf Year Results
IG Group Holdings PLCTrading Statement
Keystone Law Group PLCHalf Year Results
Kier Group PLCFull Year Results
M&C Saatchi PLCHalf Year Results
MJ Gleeson PLCFull Year Results
Oakley Capital Investments LtdHalf Year Results
Renishaw PLCFull Year Results
Spire Healthcare Group PLCHalf Year Results
THG PLCHalf Year Results
Trainline PLCTrading Statement
Uniphar PLCHalf Year Results
Friday 15 September 
Petra Diamonds LtdFull Year Results
VH Global Sustainable Energy Opportunities PLCHalf Year Results
Monday 18 September 
Artisanal Spirits Co PLCHalf Year Results
City of London Investment Group PLCFull Year Results
Downing Renewables & Infrastructure Trust PLCHalf Year Results
Facilities by ADF PLCHalf Year Results
Futura Medical PLCHalf Year Results
Greencoat Renewables PLCHalf Year Results
HgCapital Trust PLCHalf Year Results
Phoenix Group Holdings PLCHalf Year Results
S4 Capital PLCHalf Year Results
Tuesday 19 September 
accesso Technology Group PLCHalf Year Results
Billington Holdings PLCHalf Year Results
Big Technologies PLCHalf Year Results
C&C Group PLCTrading Statement
Concurrent Technologies PLCHalf Year Results
CPPGroup PLCHalf Year Results
Eagle Eye Solutions Group PLCFull Year Results
Fintel PLCHalf Year Results
Good Energy Group PLCHalf Year Results
Hargreaves Lansdown PLCFull Year Results
Henry Boot PLCHalf Year Results
Kingfisher PLCHalf Year Results
Litigation Capital Management LtdFull Year Results
Maintel Holdings PLCHalf Year Results
McBride PLCFull Year Results
MyHealthChecked PLCHalf Year Results
Moonpig Group PLCTrading Statement
Naked Wines PLCFull Year Results
Northcoders Group PLCHalf Year Results
Ocado Group PLCTrading Statement
Serica Energy PLCHalf Year Results
SThree PLCTrading Statement
Surgical Innovations Group PLCHalf Year Results
Team17 Group PLCHalf Year Results
Trustpilot Group PLCHalf Year Results
Water Intelligence PLCHalf Year Results
Xaar PLCHalf Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
22 Aug 2023 10:53

Team17 announces new chair as Chris Bell steps down

(Sharecast News) - Video games label Team17 announced a change in leadership on Tuesday, with Chris Bell, who had been with the company since its initial public offering in 2018 as its non-executive chair, to step down from his position by the end of the year.

Read more
22 Aug 2023 08:40

Team17 chair to step down, former Codemasters chief hired to replace

(Alliance News) - Team17 Group PLC on Tuesday said Non-Executive Chair Chris Bell will step down at the end of this year, with replacement Frank Sagnier to join the company in September.

Read more
3 Aug 2023 10:41

AIM WINNERS & LOSERS: Devolver Digital down on earnings warning

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.