RE: Positive Trading Update1 Feb 2023 15:38
It will rerate. Its comparable in so many ways this stock to TM17. But TM17 sitting on a PE of 18. This is on 10. At some point it will seriously rerate as its ridiculously valued far to low by the market. BULL points:- Founder/owner with the company, growing IP, cash in the bank, ROCE at 16%, 30% margin, 7 brokers saying BUY, None say hold or sell, no debt. BEAR Points:- Hello Neighbour 2 could have been better, big increase in staff overhead, tech stocks out of favour although rallying..... but all in all this is still way undervalued. People say as its a recession'esque period people won't want to buy games as they are tightening their belts. I disagree. Most of their catalogue of Indie games are affordable to even low income families..... my 2 cents.