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But the two run hand in hand, you need to play your part to stop the rot and if a vote ofg confidence from her does that it's in her interests, Of course the company performing is key, but if there is an exit strategy for her, she has spare funds, and can see the value of the business being much higher then it's also a shrewd investment.
Time will tell but I feel like the TR1's from directors being dripped out is a strategy, and there's perhaps one or two more to be released.
They owe it to the shareholders.
Considering Bestwick has 30million shares and spunked a million taking 140,000 at £7. Surely she will also buy shares as the immediate return in the value of the ones she still holds will make it worthwhile.
I will be incredibly surprised if we don't see a bestwick vote of confidence, and I imagine that will garner more press than the others have.
Still a 'magnet' on £1.85, until whatever is holding it there disappears we're stuck.
Like she's about to blow
He really is a gimp, he literally doesn't care or nobody has ever advised him he shouldn't do it.
Reality is this must be his only income source and he needs readies, otherwise surely he wouldn't pump them as much as he can.
You just wait until the buyback starts, he'll be filling his boots! They all will haha!
Hopefully more director buys reported tomorrow, and a TR1 later this week from major holders that they have increased.
I have to say this seems a prime takeover target now, all the major shareholders and the ex CEO all having taken big hits, and the latter likely wanting t cash out at some point. The price now being below IPO, a cheeky cash offer of £5 could be successful.
They've got a great back catalogue of games, and if somebody swallowed up a lot of their costs and wanetd their talent, that money could be repaid without too much effort.
Fdev had to go and release that stinker today, has probably made some people a bit more hesitant about any gaming stocks, even though there's no comparison in terms of quality with that being a dog with no profits expected until 2026.
Poss in since IPO, hopefuully latter and will find out if former this PM potentially if threshold crossed, or later this week.
You mean 300p surely?
Why worry yourself with facts sparkly ass?
The way I see it, it's boom time from these levels, you're either in or out.
Judging by your reaction you're already in for a loss, I hope you make it back before I sell for profitss
Doubt it very much.
The redundancies have been an open secret for some time, it was announced and reported on off RNS.
There's big money on thre table to buy here, they knew there were shares available at this price hence the drop.
Once these 175 sells are cleared expect a re rate, additionally after people have to whole weekend to assess the value here expect a good Monday.
Let's not forget they're going to beat market expectations this year, it's an impairment due to some restructuring of staff and games.
Not a profit warning, in fact net cash is improving and they're very well stocked.
!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.”
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."
But it wasn't really a surprise, and reorganisation leads to better performance.
DYOR but there's a great opportunity here.
Totally agree, there's nothing here that should encourage any of the big IIs to jump ship, just desperate PI's.
It's a very solid company, and you know what I think today was the right time to let the cat outof the bag. The SP had been in decline, atleast it ws a 40% drop from where it was yesterday. If this had happened 2 months back after the news that had already gone out, it would probably be below this price today.
I read a very well put together RNS, there's no bullsh8T, there's no buttering it up. They've been very open.
At this level, it's complete madness, taking from the poor to give to the rich.
The SP has never been this low, it's below the IPO price and for what? Because the company is taking action and kitchen sinks it alongside doing better than predicted.
It's an open secret about the lay offs, and when you acquire new busineses as they ahve this is always standard.
This is just a small growth blip that's now been put out there, fair value here is still circa £3 easily. And considering NOBODY has an average below the current SP since IPO I struggle to see this being anythong other than a panic smash and grab to fill orders, taking out sell orders they could see. Maybe they saw the ones this AM and went for them, and now they're using them to supply the buys for the rest of the day.
Easy money for me, this will be above £2.50 by Monday close.
No way there's been the volume to supply that much this AM at that time and price
Those are sells
Unfortunately it's a buyers market, can't see anybody paying a large premium to the SP for a large chunk. And if they have options as well, maybe they can sell some depressing price whilst holding some back to pay the options. There's many ways to skin a cat, and maybe theu did but nody was interested.
Oh yes no dwelling here, just speculating.
You know I really would not be surprised if there's a huge sell that's been worked for the last few months, I can just see the SP shackles coming off and then a £5-10million share sale appearing, followed by a TR1.