image

The best stocks to buy since 1993

Latest issue now available

SIGN UP NOW
Updates

Codemasters - Raises guidance again

September 2020

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • CDM
  • Price:
  • 388p
Codemasters’ shares went over £4 after it said it will now beat even its recently upgraded expectations. As Jefferies notes, the “lockdown bump” is only part of the upgrade, which owes more to the success of the F1 2020 game, which only launched on July 7th but has set new records, both critically and commercially (at full price). The broker expects 15% growth in units vs. the previous edition and  priceless free advertising  as stars playing the virtual races has brought in new audiences. And there is real stamina because a lot of the new audience is likely to prove sticky. It raises its estimates for this year from 16.3p to 18.3p. There is a scheduled Dirt 5 release in October and a (beta) mobile game ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Related Articles

Codemasters - Soars on rival 604p bid from EA (January 2021)
Codemasters - 485p bid from Take Two; gain 47% in five months (December 2020)
Codemasters - Walloping expectations again (November 2020)
Codemasters - Scope for PE to expand (July 2020)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

LIMITED PERIOD OFFER!

SUBSCRIBE TODAY AND SAVE £30 WITH OFFER CODE 30OFFSCSW

To access our archive of articles and to receive current issues you need to subscribe

SUBSCRIBE NOW