Team17 (TM17)

0
240
Team17 TM17 Logo

A UK based company that develops video games with a portfolio that includes over 90 games, including the Worms franchise, Overcooked and The Escapists

18-Jul-2018 – 232.5p – £305.2m – PER 50.7

Trading Update For The 6 Months To End June 2018 – In-line.

Certainly flavour of the month, gaming companies – I need to do more research here though before considering investment. On a PER of 50.7 it better be compelling!

11-Sep-2018 – 225p – £295.4m – PER 26.6

Interim Results For The 6 Months To End June 2018 – “Record H1 Performance” – Revenueup 48% to £15.4m (H1 2017: £10.4m), Gross Profit up 25% to £6.9m (H1 2017: £5.5m), Adjusted EPS of 1.93 pence (H1 2017: 0.56 pence) with Net Cash (debt) of £13.4m (H1 2017: (£37.5m)).

Looks more tempting at this price, will go on the Watchlist if I don’t get involved this week.

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