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Pin to quick picksTeam17 Share News (TM17)

Share Price Information for Team17 (TM17)

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Share Price: 312.50
Bid: 310.00
Ask: 315.00
Change: 0.50 (0.16%)
Spread: 5.00 (1.613%)
Open: 305.00
High: 312.50
Low: 300.00
Prev. Close: 312.00
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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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3 Aug 2023 09:35

IN BRIEF: Team17 says trading as expected Barbie, Lego games do well

Team17 Group PLC - Wakefield, England-based developer of video games, educational entertainment apps for children, and working simulation games - Ahead of interim results, scheduled for September 19, Team17 says it continues to expect to trade in line with market expectations for all of 2023. "Our group's portfolio of titles across all divisions has performed well in H1 against a backdrop of a particularly competitive retail market," says Chief Executive Officer Debbie Bestwick. These include titles related to Barbie and Lego toys. "We remain ever cautious and will continue to focus on the delivery of our plans in H2," she says.

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3 Aug 2023 07:49

LONDON BRIEFING: Rolls-Royce swings to profit; LSEG plans buyback

(Alliance News) - Stocks in London are called to open lower on Thursday, ahead of a busy day on the economic calendar, with a key interest rate decision from the Bank of England.

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15 Jun 2023 15:51

UK shareholder meetings calendar - next 7 days

Friday 16 June 
Alpha Growth PLCAGM
Anglo-Eastern Plantations PLCAGM
Gulf Keystone Petroleum LtdAGM
John Lewis of Hungerford PLCGM re proposed cancellation of admission to trading on AIM
Tesco PLCAGM
Woodbois LtdAGM
Monday 19 June 
All ThingsConsidered Group PLCAGM
Blackbird PLCAGM
Finsbury Food Group PLCAGM
Globalworth Real Estate Investments LtdAGM
Marlowe PLCGM re proposed capital reduction
Metals Exploration PLCAGM
Red Rock Resources PLCGM re security conversion into shares for cash
Savannah Resources PLCAGM
Tuesday 20 June 
Acceler8 Ventures PLCAGM
Afentra PLCAGM
Armadale Capital PLCAGM
Bay Capital PLCAGM
Blackrock Smaller Companies Trust PLCAGM
Block Energy PLCAGM
Corero Network Security PLCAGM
Coro Energy PLCAGM
Crimson Tide PLCAGM
Curtis Banks Group PLCAGM
EPE Special Opportunities LtdAGM
ICG-Longbow Senior Secured UK Property Debt Investments LtdAGM
Jersey Oil & Gas PLCAGM
Kore Potash PLCAGM
Lords Group Trading PLCAGM
Mission Group PLCAGM
North Atlantic Smaller Cos Investment Trust PLCAGM
Red Capital PLCAGM
Saga PLCAGM
SDX Energy PLCAGM
Skillcast Group PLCAGM
Zegona Communications PLCAGM
Wednesday 21 June 
Argentex Group PLCAGM
Clean Power Hydrogen PLCAGM
Eqtec PLCAGM
Hydrogen Utopia International PLCAGM
HSS Hire Group PLCAGM
Intelligent Ultrasound Group PLCAGM
JD.com IncAGM
RTW Venture Fund LtdAGM
Schroders Capital Global Innovation Trust PLCAGM
Sivota PLCAGM
Numis Corp PLCGM re acquisition by Deuche Bank AG
THG PLCAGM
UK Commercial Property REIT LtdAGM
Thursday 22 June 
Alphawave IP Group PLCAGM
Angling Direct PLCAGM
Anglo Asian Mining PLCAGM
boohoo Group PLCAGM
Card Factory PLCAGM
Ergomed PLCAGM
Futura Medical PLCAGM
Good Energy Group PLCAGM
Grand Vision Media Holdings PLCAGM
Longboat Energy PLCAGM
MaxRets Ventures PLCAGM
Pathfinder Minerals PLCAGM
RBG Holdings PLCAGM
Sanderson Design Group PLCAGM
Team17 Group PLCAGM
Trellus Health PLCAGM
Whitbread PLCAGM

 

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6 Jun 2023 13:59

Dan Bell appointed new group CEO at Team17

(Sharecast News) - Video games developer Team17 announced the appointment of Steve Bell as its new chief executive officer on Tuesday.

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6 Jun 2023 09:48

IN BRIEF: Team17 hires marketing agency Iris CEO Steve Bell as new CEO

Team17 Group PLC - Wakefield, England-based video game development company and publisher of educational entertainment apps - Hires Steve Bell as chief executive officer, joining on September 4 as CEO designate. He will resume the role of CEO from January 1. Bell joins from Iris Worldwide Holdings Ltd, a global integrated marketing agency specialising in brand and digital marketing strategy, which he co-founded in 1999. He has been the CEO of Iris since 2021. Prior to this, he worked for the advertising and retail agency Arc Worldwide.

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6 Jun 2023 07:49

LONDON BRIEFING: BAT's 'glo' doesn't; ABF buys National Milk Records

(Alliance News) - Stocks in London are expected to drift lower at Tuesday's open, after a weak close on Wall Street.

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28 Apr 2023 11:08

IN BRIEF: Team17 subsidiary completes Independent Arts acquisition

Team17 PLC - Wakefield, England-based video game development company and publisher of educational entertainment apps - Says wholly-owned subsidiary Astragon Entertainment GmbH acquires German development studio, Independent Arts Software GmbH. The acquisition is a "strategic investment" and consideration will be funded from existing cash reserves, with the consideration not disclosed. It is not expected to impact revenue or adjusted earnings before interest, taxes, depreciation, and amortisation.

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28 Mar 2023 17:00

LONDON MARKET CLOSE: Lingering bank fears cap blue-chip gains

(Alliance News) - Oil stocks and miners pushed London's FTSE 100 higher on Tuesday, as the turmoil from the past fortnight in the banking sector abated.

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28 Mar 2023 12:12

Team17 revenue surges as company expands

(Sharecast News) - UK-based video game developer and publisher Team17 reported a 52% increase in revenue in its 2022 results on Tuesday, to £137.4m, and a 53% increase in gross profit to £69.6m, with gross profit margins expanding by one percentage point to 51%.

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28 Mar 2023 12:06

LONDON MARKET MIDDAY: Europe edges higher as banking stress easing

(Alliance News) - Blue-chip shares in Europe drifted off session highs but still were in the green heading into Tuesday afternoon, amid hope that a threatened global banking crisis is being kept in check.

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28 Mar 2023 10:53

Team17 CEO Bestwick to leave post; yearly profit declines

(Alliance News) - Team17 Group PLC on Tuesday reported a yearly profit fall and said its chief executive will step down once a replacement is found.

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28 Mar 2023 10:40

AIM WINNERS & LOSERS: Unbound soars on potential takeover offer

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

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28 Mar 2023 07:56

LONDON BRIEFING: Diageo CEO to retire; UK shop inflation hits record

(Alliance News) - Stocks in London were set for a higher open on Tuesday, with investors feeling cautiously optimistic as the dust settles from the recent turmoil in the banking sector.

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21 Mar 2023 15:49

UK earnings, trading statements calendar - next 7 days

Wednesday 22 March 
Anpario PLCFull Year Results
Atalaya Mining PLCFull Year Results
Baillie Gifford Shin Nippon PLCFull Year Results
BioPharma Credit PLCFull Year Results
Blackbird PLCFull Year Results
Bloomsbury Publishing PLCTrading Statement
Essentra PLCFull Year Results
Fevertree Drinks PLCFull Year Results
Genel Energy PLCFull Year Results
Hostelworld Group PLCFull Year Results
Judges Scientific PLCFull Year Results
Kenmare Resources PLCFull Year Results
Literacy Capital PLCQ3 Results
LSL Property Services PLCFull Year Results
Mpac Group PLCFull Year Results
NAHL Group PLCFull Year Results
Pendragon PLCFull Year Results
Pharos Energy PLCFull Year Results
Sareum Holdings PLCHalf Year Results
Ten Entertainment Group PLCFull Year Results
Vistry Group PLCFull Year Results
Thursday 23 March 
C&C Group PLCTrading Statement
Energean PLCFull Year Results
Gulf Keystone Petroleum LtdFull Year Results
Inchcape PLCFull Year Results
Playtech PLCFull Year Results
Pollen Street PLCFull Year Results
Portmeirion Group PLCFull Year Results
Safestyle UK PLCFull Year Results
Wickes Group PLCFull Year Results
Friday 24 March 
Ceres Power Holdings PLCFull Year Results
JD Wetherspoon PLCHalf Year Results
NAHL Group PLCFull Year Results
Smiths Group PLCHalf Year Results
Sopheon PLCFull Year Results
Tribal Group PLCFull Year Results
Monday 27 March 
Aeorema Communications PLCHalf Year Results (TBC)
Belvoir Group PLCFull Year Results
Carnival PLCTrading Statement
CentralNic Group PLCFull Year Results
Crimson Tide PLCFull Year Results
Dialight PLCFull Year Results
eEnergy Group PLCHalf Year Results
Equals Group PLCFull Year Results
Hyve Group PLCTrading Statement
IQGeo Group PLCFull Year Results
Life Science REIT PLCFull Year Results
RTC Group PLCFull Year Results
SigmaRoc PLCFull Year Results
Tandem Group PLCFull Year Results
Thungela Resources LtdFull Year Results
Tortilla Mexican Grill PLCFull Year Results
Tuesday 28 March 
AG Barr PLCFull Year Results
Animalcare Group PLCFull Year Results
Bango PLCTrading Statement
Bellway PLCHalf Year Results
CPPGroup PLCFull Year Results
DigitalBox PLCFull Year Results
EKF Diagnostics Holdings PLCFull Year Results
Eleco PLCFull Year Results
Empresaria Group PLCFull Year Results
Flowtech Fluidpower PLCFull Year Results
Good Energy Group PLCFull Year Results
Impact Healthcare REIT PLCFull Year Results
James Fisher & Sons PLCFull Year Results
John Wood Group PLCFull Year Results
Marlowe PLCTrading Statement
Mortgage Advice Bureau Holdings PLCFull Year Results
Nanoco Group PLCHalf Year Results
Ocado Group PLCTrading Statement
Personal Group Holdings PLCFull Year Results
Petershill Partners PLCFull Year Results
Real Estate Investors PLCFull Year Results
Regional REIT LtdFull Year Results
S&U PLCFull Year Results
Softcat PLCHalf Year Results
Synthomer PLCFull Year Results
Team17 Group PLCFull Year Results
United Utilities Group PLCTrading Statement
VH Global Sustainable Energy Opportunities PLCFull Year Results
Xaar PLCFull Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

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13 Mar 2023 12:18

SUMMARY: London listings with exposure to Silicon Valley Bank

(Alliance News) - The following is a round-up of updates on exposure to Silicon Valley Bank by London-listed companies, issued on Monday and not separately reported by Alliance News:

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