UK TraderTake-Two came to my attention when they put in an offer for UK Based Codemasters group, at the time of writing EA has put a higher rival bid in for Codemasters. Both are games companies with Take-Two making Grand Theft Auto and other games for console gaming systems, such as PlayStation 3 and PlayStation 4; Xbox 360 and Xbox One, and personal computers, including smartphones and tablets.
Take-two is about half the size of EA but has games such as the very popular Grand Theft Auto which I remember playing a lot a Uni! This game comes from Rockstar Games a subsidiary of Take-two and has recently announced a big update to the online version of Grand Theft Auto ‘The Cayo Perico Heist’ .
Since the lockdown games companies have been doing quite well. Even Games Workshop has been doing well. So I don’t see this changing any time soon. Also, the pandemic could bring in new people into online gaming.
Fundamentals
The momentum and quality of the share looks good. Net Debt vs Profit is a bit higher than I would also generally go with and I also don’t tend to go with large cap shares. Finally it is in dollars so subject to currency fluctuations which is always something to think about bit if the pound does improve due to brexit this could make things fun 🙂 But all in all I think it’s a good bet.
BOUGHT @201.85 USD
Currently: TTWO 210 -4 -2%
UK Trader