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If they did it might make FTSE250, go figure
Why not just sell in one chunk?
Or I guess they don't really know about each other, one MM has a load to sell, and one has a load to buy, they keep matching orders and filling some PI's at the same time?
There must be a big sell order in the background and somebody is just umping out the buys and swallowing it up. Expect to see £500k+, maybe £1million+ sells appearing later delayed.
As lkong as the buying keeps up, ocne that sell order goes his is going to pop
Barely dropped though in terms of what's visible, just dropping below the 0.5% radar.
It does look more perky, but lets see what happens AM. Wouldnt be surprised to see new shorts increased getting declared later today given the amount of auto sells to keep the price down over the last week.
Thanks for regurgitating the RNS.
I think you fail to mention other things:
£50m cash
many facets of business doing well not even linked to launches and ones in dec, such as story toys
Great IP for games
Cash generative in what's been a terrible market
II's adding to holdings
All shareholders in above current market price
It's easy to flag one RNS where they state expectations are moderately above what was projected, but with impairments as a negative. But the reality is it's making money even with all this.
Their boots, must feel like Christmas
We got your message haha
Still ehre in my opinion, maybe reached the bottom of the level they're prepared to sell at. But it does seems the buyer/buyers for the first time seem to be slightly outtweighing them in volume. Considering the generally good health this company is in, any educated II'swith the ability to hold longer term, can't be looking at this as one to cut your losses on. Naturally we just don't know what other peoples trading strategies are, but this must be a minority overaLll to be prepared to dump so much here.
Buys will pop up tomorrow, she's probably timed it perfectly to coincide with the seller disappearing. Good ol lass
#lamborghinis
Phillysteak over on ADVFN:
"Has anyone actually done any proper research here? 4.25x EV/EBITDA is crazy for a company that has been strongly profitable every half since it's May 2018 IPO.
FDEV, DEVO & TBLD are utter basket cases, TM17 is a company that is profitable & has so many strands to it;
- Original own IP games from pre IPO that remain valuable; Worms, Overcooked & Overcooked 2, The Escapists, all of which have PC revenues of >$15m
- Own IP games which have been acquired since IPO; Golf with your friends & Hell Let Loose ($84m PC revenue since release in 2021, $22m in the last 12 months, unknown on PS5 +XBOX).
- IP owned via the €100m Astragon acquisition, financed via a placing of 11m shares at £7.14 - their only dilution since IPO. Given today's share price the decision to fund it via a placing looks very smart indeed. Astragon own the rights to dozens of popular simulator games + published rights to the most popular PC game in Germany, Farm Simulator.
- Many additional games which have had success like Marauders, Blasphemous & 2023 favourite Dredge.
- There also own Storytoys, which is a subscription service for children's 'edutainment', 320k subscriptions as of 30/06, these are ~£5 a month so annual recurring revenue is likely approaching £20m. Purchased a couple of years back when subscriptions were only 130k...
Headcount has got a little high post covid - from 265 at the end of 2021 to the 439 reported at 30/06/22, 53 of which were from acquisitions. Get this rightsized and EPS should benefit materially.
But overall this looks exceptionally good value down here, I expect we'll see >£2 in the near future once some sanity returns."
To my £1.87 lol
Seems to have reversed since then and could close in the blue
I wouldn't like to catch that falling knife, not sure where the value is in that company after that RNS.
Somebody wants out and doesn't care on the cost
OR
It's being shorted
Unfortunately without something from the company to supercharge the SP or an II buyer it's in their hands.
I just re-read the RNS and it's not even that bad, it's definitely a kitchen sink job, they're just suffering as the market thinks all gaming companies are doomed.
They would start a company share buyback scheme to help the SP recover, they have the cash to do it.
yeh but we're making money, they need to raise substantial finds, we have good games doing well, they havea bag of ****e
Absolutely dreadful, yet only down 26%? I mean it just makes the situation here even more ridiculous becaus eT17 is actually doing amazing in comparison.
The SP is like this, it's the options. He's not the saviour here in fact if his options hadn't kept the SP in this trading range I dare to think the SP would have dropped and the shorts closed out by now if he wasn't, and maybe the news we've had could have meant we're north of here.
Wih the titles, IP and back catalogue, and then talent it would make sense. With Microsoft buying COD you would think Sony will have one eye on the future, something like Hell Let Loose could do well for them
Who is buying, with the amount of sells printed this should have tanked further, somebody is gulping up the stock.