Established in 1990, Team17 is an independent developer and games label for premium games. We collaborate with fellow developers around the globe sharing our expertise from creation to launch across PC, console and mobile devices.
We are proud of our longstanding heritage and passion to create quality gaming experiences for audiences worldwide.
We have released over 90 premium games topping charts on most gaming platforms and winning many awards collectively with our partners from BAFTAs to Golden Joysticks and more.
Theyāre an interesting one, IPO last year right? The Indian company that used to own them still holds a 29% stake apparently. Could be an excellent one to go for given Dirt Rally 2 coming out and the general devaluation of gaming stocks right now. Only risk factor I see is potential for volatility as according to their website ownership is dominated by large shareholders.
I think there are only those four in the UK though, by market cap:
Other game related stocks include Game Digital (GMD), Keywords Studios (KWS) and soon Green Man Gaming (presumably GMG, although its been delayed). Nothing on Freetrade yet I think .
Promising numbers in the half year results, although worth noting the comment about H1 weighting.
Financial highlights:
Ā· Revenues increased 97% to Ā£30.4m (H1 2018: Ā£15.4m)
o Revenue profile across FY19 more H1 weighted than previous years due to release schedule
Ā· Gross profit up 119% to Ā£15.1m (H1 2018: Ā£6.9m)
Ā· Gross profit margin of 49.8% (H1 2018: 44.4%)
Ā· Adjusted EBITDA* up 145% to Ā£12.0m (H1 2018: Ā£4.9m)
Ā· Adjusted Earnings per share (āEPSā)** up 356% to 7.31 pence (H1 2018: 1.63 pence)
Ā· Operating cash conversion of 109% (H1 2018: 200%)***
Ā· Net cash and cash equivalents of Ā£35.8m (H1 2018: Ā£16.7m)
Any word on if Team17 might be added any time soon? The stock has been steadily rising all year and I feel Iāve been missing out! I donāt want to have to sign up somewhere else just for this one stock!
Once the full AIM is available on Freetrade, TM17 will be one of the first to appear. The Invest platform is almost ready for everyone too.
Not long left to wait now
I wish this had been added. I had to buy this (and a lot of other stocks) on Hargreeves because Freetrade just donāt offer enough of the market yet.
I dont see why this couldnāt be added fairly easily? There are already a lot of AIM stocks on Freetrade. Its not like its on an exchange Freetrade are yet to connect to?
True, FT has limited resources and dedicate them to the new platform for now. I had a position with TM17 on IG and sold when IG were chaging the fee structure. Just hope the floodgates open soon
They have maintained the value dispite the recent sell offs and setbacks. Take a look at CDM which hasnāt done so well. Confidence in TM17 is strong based on this and depending on how the launch of their upcoming releases, Moving Out, The Survivalists, will determind their future value. Should hopefully see them scale up their development and publishing in 2020 and beyond. Would see CDM being better value than FDEV and TM17 today.
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