Is anyone here still strong on TM17? They’re doing great financially and I think they’ve got a good niche going too. Long term, I don’t see it going anywhere but up. The company don’t take risks really, the approach seems to be to buy the rights to loads of indie games that they think have potential and see what sells
Have you done a stock analysis on this @LewisHarding?
I haven’t done one as of yet but TM17 is a solid company fundamentally. I’m surprised that a bigger developer hasn’t bought them out yet to be honest!
I’d have to do my full analysis & DCF to come up with a fair value.
Do you still see it as only going up 12 months on @Acids
Do you know any info or news with this company??
team17 is indeed my favorite game developer
Haha no I made a mistake on this one. I sold my stake to break even on it a few months ago. Interesting to see it’s dropped so much, whys it done that?
I like to say I know there work but I don’t as don’t have time to play games anymore
I know it off track but I still have my SNES N64 even a broken gamegear I’m not up to date with what games are made by company anymore
So you didn’t lose tbh mine is a free share but still like to see it do well
They made a blunder with NFTs which pissed off developers and showed management might be out of touch.
Also I think there are some work place allegations around the treatment of QA staff.
I like the company still, I’m going to get up to date with them to see whether I want to take the gamble at this price
This is an average-sized part of my portfolio at an average pp of £5.04 per share. It’s one of those companies where I rub my hands at bad news as it gives me an opportunity to buy more, because I know fundamentally it’s in a good place, track record of developing simple, addictive games like Worms, Escapists, Overcooked. They’re never going to release the next GTA however as gaming companies go their revenue stream is stable (put in a bit of effort with a new Worms release and people will buy), and where if they do in the future hit a home run with a brilliant original, they’re big enough to make sure people hear about it and that this translates into purchases.
Do you still hold that opinion, my average is £4.80 and I’m a bit concerned.