Member Info for Garydav2

Watch the ramping here guys. Seen so much over years and the losses. Debenhams, Carillion, Amigo. They are going down fast for a reason. People taking of the rise getting excited from a 26p low to 26.7p close. Wouldn't want to hold overnight. These could get suspended

This could be a Carillion! Watch out guys.

What's happening here. Remember looking in last week and missing a 34p to 38p I think rise on the day. People on this board saying the bottom was in ...

FDEV up 7% today!

Bestwick I can't see her buying more . She lost £40M on Friday weeks before her exit!

No bounce? Would of made more buying FDEV this morning. Something going on here. The price is anchored

I don't get that view. She's standing down and already holds 20% of the shares . Buying more however cheap now is going to bring her average down. I would of thought getting the company on track and attracting suitors would be the best option for her now if she's any hope on getting back any losses

Yeah looks a good entry point. She's gonna be a bit stubborn to rise I think but it will ! A good rise over at SUP which look as they flat lined before breaking out. Well done on that one. Missed that doh!

I'm starting to get excited about this share. Another 2 decent Director Buys yesterday. Think this will re-rate quickly from here back into the 200's

Something happening. Some more large trades showing ! All around this 185 level ....

Some chunky trades going through....

Thanks for reply Grippa. I hope it will bounce from here. Paul Scott (Stokopedia) felt after the RNS the stock would be in the 1.99-2.99 range so average 250p. On forecast earnings I think fair price around 230 and hopefully growth picks up next year. Let's see what next week brings . GLA.

Did you lose money here Grippa when you sold recently? Worth a put at these levels . I bought at an average of 1.77

The latest news from the company itself: “While the important trading periods of Black Friday and Christmas are not yet complete, management believes the Group remains well positioned with strong traction across its new release and back catalogue titles, and currently expects FY23 revenues to be modestly ahead of current market expectations.” So, revenues are going to be better than expected. That’s not usually a cause for a share price collapse.

“Consequently, the Group now expects to deliver full year adjusted EBITDA of at least £28.5m, which includes non-cash title impairments of up to £11.5m.” Ah, but earnings aren;t going to be so good. Thus the share price reaction.

“The Group has an exciting schedule of high-quality new releases planned across the Group in 2024, while back catalogue investments will continue to support revenue growth. Management will provide greater clarity on FY24 at the full year results, but currently expects to see an improved underlying trading performance compared to FY23.” And, of course, things will be much, much, better next year.

Basically, the costs of that reorganisation have come as a nasty surprise to the market.

Team 17 (LON: TM17) shares are down 40% today. TM17 shares dropping this much is a bit of a surprise to be honest. For the bad news had already been announced - or at least railed - a month back when some one third of the company was destined for the chop. We did, after all, get told about this: “Team17 is poised to lay off up to 91 people - a third of the company - as part of its major restructuring programme, Eurogamer can reveal. The publisher of Worms, Dredge and Hell Let Loose confirmed it was planning to make redundancies earlier this month, after Eurogamer broke news that extensive cuts were being made to Team17's QA department in favour of outsourcing work elsewhere. But the job losses go much further than those at risk in QA, Eurogamer understands, with staff across a wide range of departments affected - including those employed in Team17's marketing, usability, customer service, IT and HR teams.”

That things were bad was therefore obvious. Not that things have been going that well for some years now: “But the long term shareholders of Team17 Group plc (LON:TM17) have had an unfortunate run in the last three years. Unfortunately, they have held through a 65% decline in the share price in that time. And the ride hasn't got any smoother in recent times over the last year, with the price 34% lower in that time.”

Some big sells showing up now. Big chunks at 1.70. I wonder if they are done for now....

Took a punt at 178.75 .....

170s next

Capitulation hasn't happened yet ...

Bi in the 170s soon...

Still going down ....