Codemasters group Holdings ticker CDM
On the AIM LSE
Maker of computer games
Most recent results suggest this could be a good company to add to the Freetrade universe!
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This would be a useful addition
I get Dizzy just thinking about it.
Recently IPO’d and dropped but back to ipo price.
Recent update shown digital sales on the up and margins improving.
Hey Pritesh, welcome to the forum!
Hi there. Thanks.
Codemasters is one of the most recognisable British video game developers and publishers, specialising in high quality racing games. They make the official Forrmula One racing game and have recently extended their contract to make the game until 2025 with an option for further option for 2026 and 2027. The company recently acquired Slighty Mad Studios (a competitor in the racing game industry) and all their staff. Results have been improving greatly, they operate in a huge growth industry and the board seem competent.
They are listed on the LSE AIM 100.
Nice to see that this has been added to FT. Bought some this morning
Wonder how well the F1 game sold?
Looks like codemasters is going to be bought by take 2. Maybe a new dizzy game 
There has been a lot of interest in it today which has pushed the price up. I suspect this will cool down over the coming days or weeks which could be a good time to increase.
With the holiday season coming up it should be a good few months for cdm.
they have received a takeover offer of 485p per share from take two. The market will hover around that level
Thanks for that, I have not had time to look at the news in detail 
the offer is a mixture of cash and shares, so probably not exactly 485p but around that mark
Sorry for the newbie question. Can anyone explain what happens when a takeover like this occurs? Do shareholders give up their holdings in exchange for cash?
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Good ole google:
If the buyout is an all-cash deal, shares of your stock will disappear from your portfolio at some point following the deal’s official closing date and be replaced by the cash value of the shares specified in the buyout. If it is an all- stock deal, the shares will be replaced by shares of the company doing the buying
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This could be great for Codemasters. I play a lot of their racing games. EA has a service called EA Play. This allows users to pay £5/month to gain access to a big chunk of their titles. Only their latest and greatest is behind a further paywall. EA Play is now part of the Xbox Game Pass Ultimate, so exposure to Codemasters could greatly increase.
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