Good morning, it's Paul here!


Comments published before 8 am

A couple of video games companies update us today. I don't tend to invest in, or comment much on this sector, as you really need sector-specific knowledge about the quality & longevity of the various games franchises, which I don't have.


Team17 (TM17)

I'm flagging this, as the company seems to be performing well;

The Company has continued to experience strong customer traction from both new and established games since the start of the year and now expects both adjusted EBITDA and revenue to be ahead of market expectations for the current year...

It's not a share I've looked into before, but will check out & report on its next set of numbers, due out in Sept 2019.


Frontier Developments (LON:FDEV)

Record financial performance announced, but no indication of how performance has been against market expectations.

Frontier expects to report record annual revenue of approximately £89 million for FY19, which is more than two and a half times the previous financial year (FY18: £34.2 million)...

Frontier expects to report an operating profit margin of approximately 21% for FY19 (FY18: 8%) when full financial results are announced in early September 2019.

Both Liberum & Finncap cover this share, so there should be updates available on Research Tree later today, I imagine.

A recent Liberum note forecast £84.4m revenues, which the company looks to have beaten comfortably today. The broker forecast a 22% EBIT margin (same as operating profit margin), which the company looks to be below, at 21% actual. 



Afternoon comments

Had a bit of writer's block today, so there's only one solution when that happens - a full English at my local Turkish LOL! On we go. Let's get this show back on the road;


Castleton Technology (LON:CTP)

Share price: 106.5p (unchanged today, at 14:13)
No. shares: 81.6m
Market cap: £86.9m

Final results

Castleton Technology plc (AIM: CTP), the software and managed services provider to the public and not-for-profit sectors, announces its unaudited preliminary results for the year ended 31 March 2019.

This company used to be called Redstone.

Reading through the results statement today, it seems to specialise in software for social housing organisations. I like the…

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