The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Jeffries upgrade
But good news likely needed to break us out of this range. Fingers crossed
Nice update this morning
If anybody subscribes to the premium article please post their views on here if you wouldn’t mind. Seem to think this could be heading for the FTSE100 if it keeps powering on and beating expectations. Price is already at Peel Hunts target.. so market expecting more upgrades
Above 1% now so they’ve increased against the tide..
Very good read that
One of three Midas tips for 2020: Over the past 40 years, video gaming has become a £90 billion industry, with sales rising by around 9 per cent annually.
Codemasters is a relative minnow in the sector but it is growing faster than the rest of the market and chief executive Frank Sagnier believes that the group can double in size over the next five years.
The shares have had a good run in recent months but, at £2.78, they are still undervalued compared to rivals and should continue to gain ground this year and beyond.
Codemasters specialises in racing games. The group is best known for its Formula One series, but it is behind several other successful titles, such as Dirt, Rally and Grid, all based on the racing theme. Late last year, Sagnier added to this collection, acquiring Slightly Mad Studios, another racing-focused developer, which is launching a game based on the Hollywood blockbuster Fast & Furious in May of this year.
Sagnier is ambitious – and rightly so. The gaming industry is not just growing fast, it is also evolving, as digital games become increasingly popular, downloaded instantly from the internet.
These games can be played on computers and mobiles and they are considerably more profitable for developers such as Codemasters. They do not have to create a physical product, they can bypass traditional retailers and, importantly, the games can be upgraded over time, with consumers paying for new features and accessories.
Around 60 per cent of Codemasters’ revenues come from digital games and this is expected to rise to close to 90 per cent over the next few years. Sagnier has also signed a deal with one of China’s biggest gaming groups, NetEase, which should prove hugely rewarding. And Grid is one of the first games on a new streaming service from Google, Stadia, a little like Netflix for gamers.
Brokers expect group sales to increase by 18 per cent to £84 million in the year to March and £114 million in 2021. Profits are forecast to rise 9 per cent to £14.5 million this year, more than doubling to £30 million next. Midas verdict: Codemasters is a fast-growing business in a resilient industry. At £2.78, the shares are a buy.
Any watchers or takers at this price?
If anybody has the full article please post here
In the same boat, I’d like to see the article if anybody can post it on here please? I don’t hold but was looking closely. Assume it has something to do with all the director selling?
Any current watchers here?
Nice set of results but a shame they’ve been announced when markets are red! On track and confident outlook to meet expectations. Margin improvement also.
310p price target from Peel Hunt
Anybody found much? Or broker targets? Would like to see the margins here
Could you tell me the basis for your £4 price target please?
https://www.investorschronicle.co.uk/stock-screens/2019/06/25/12-cheap-small-cap-growth-stocks/
https://www.investorschampion.com/channel/podcasts/more-than-money-optibiotix
Didn’t receive an rns on this earlier..!
Sounds sensible, it’s best practice after all
Would be nice, but probably be kept to reinvest in the business / for acquisitions / future growth plans?