Team17 Group (TM17)

Sector:

Leisure Products

Index:

FTSE AIM 100

 305.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 350.00p
  • 52 Week Low: 152.00p
  • Currency: UK Pounds
  • Shares Issued: 145.80m
  • Volume: 0
  • Market Cap: £444.70m

Sunday share tips: Literacy Capital, Team 17

By Alexander Bueso

Date: Sunday 23 Oct 2022

LONDON (ShareCast) - (Sharecast News) - The Financial Mail on Sunday's Midas column told readers to 'buy' shares of Literacy Capital, arguing that they should gain ground, "despite the choppy economic climate".


The philanthropic investment firm invests for the long-term and donates 0.9% of the value of its assets each year to literacy charities.

It was co-founded by Paul Pindar, who co-founded consultancy Capita in 2017, turning it from a £330,000 venture into a £8.5bn FTSE-100 listed outfit by the time of his retirement.

Its portfolio includes 18 companies which have been deemed to have genuine, long-term potential through economic cycles.

The two largest investments are Grayce and RCI. The first trains and employs graduates in IT and associated fields whilst the second works with the police and NHS, providing specialist support to crime and assault victims.

Literacy Capital's results have been "impressive", the tipster said with an update on its portfolio's performance due over the next week.

"Reassuringly, too, Paul and Sharon Pindar own 28% of the business, [their son and co-founder] Richard has a 10.7% stake and several members of the team recently bought shares.

"Literacy Capital offers shareholders a chance to invest in a business that is growing fast and doing good. At £3.89, the shares are a buy, with the Pindars aiming to triple the firm's size firm to £1 billion. Bookmark is also seeking volunteers, offering a different kind of reward."



The Sunday Times's Lucy Tobin tipped Team 17 to her readers, pointing to the company's recent fast growth and the multiple positives around the indie video game developer.

Yes, the end of lockdowns was likely a factor behind the recent decline in the company's share price, but so too was the reduction in the number of games set for release from 12 to eight.

It was also facing a congested release window and plenty of competition, she conceded.

But gaming firms might yet benefit from the cost of living crisis - as gaming remained a cheap night in.

Furthermore, games analyst Newzoo was forecasting compound annual growth for the global gaming industry of nine per cent over 2019-24.

And while profits for the latest half had shrunk by £3m to £11m, that was mostly the result of higher costs linked to acquisitions, Tobin explained.

Sales on the other hand had jumped by a third to a record £53m, despite just one new game having been launched during the period.

Furthermore, acquisition had boosted the share of revenues derived from the company's own intellectual property to 38%.

She also cited analysts at Berenberg, who had recently highlighted Team 7s "very positive pipeline, while labelling the shares, which were changing hands on just 16 times' earnings for 2023, as "highly attractive".

"The purple-haired Bestwick looks to be steering towards another purple patch at Team17. Buy."

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Team17 Group Market Data

Currency UK Pounds
Share Price 305.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 350.00p
52 Week Low 152.00p
Volume 0
Shares Issued 145.80m
Market Cap £444.70m

Team17 Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
35.04% above the market average35.04% above the market average35.04% above the market average35.04% above the market average35.04% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
15.49% above the market average15.49% above the market average15.49% above the market average15.49% above the market average15.49% above the market average
9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average
Income Not Available
Growth
36.71% below the market average36.71% below the market average36.71% below the market average36.71% below the market average36.71% below the market average
11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average

What The Brokers Say

Strong Buy 5
Buy 6
Neutral 1
Sell 0
Strong Sell 0
Total 12
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Team17 Group Dividends

No dividends found

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

Team17 Group Key Personnel

CFO Mark Crawford
CEO Steve Bell

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