Games Industry Discussion

[Jabalous]

The stock could rally to $90 after the conference call on Wednesday provided that they again post strong results for the previous quarter that exceeds the estimates.

 

And it finally did!

 

Unless there's a new rally across the whole tech sector, I expect the new all time high ($90) will now be a resistance for $TTWO. Hopefully this consolidation period ends soon and we go into another months-long rally. Gotta make bigger money

Edited August 7, 2017 by Jabalous

[BLOOD]

That for sure

[FlatFX]

Take Two will perform great over the next 2 years no doubt.

But if Activision makes the right calls they will go up to 80$ in short term

 

Buying leverage certificates for Activision

[BLOOD]

Great comment FlatFX.

 

Edit:Netflix just did it first ever acquisition buying Millarworld which is a comic book publisher in same year Take-Two Interactive did it biggest acquisition in it history buying Social Point for $250 million. Anyway I see Take-Two Interactive making a bigger acquisition soon. When they reach $13 Billion in market cap months from now (all stock for Rovio or ZeniMax both will cost them atleast more than $1 Billion). Interestingly it looks like Take-Two Interactive issued two million shares into the public during the weekend. Everyone wants to own the company

Edited August 7, 2017 by BLOOD

[FlatFX]

Let's make bets:

When will we pass 100$?

 

My guess: between 16th and 21st of October. (Without surprising announcements)

[BLOOD]

Let's make bets:

When will we pass 100$?

 

My guess: between 16th and 21st of October. (Without surprising announcements)

Their highest price-target so far is $108. I kind of believe it should be there by October. They could close the yeah with a valuation of $13 Billion. Then come what may RDR2 and the Untitled 2K title could add $7 Billion to the valuation by end of 2018. At this point I think Take-Two Interactive will get to $300.00 by 2019-2020. They used to be smaller than Zynga ($3B) and Ubisoft ($6B) that not the case anymore; they also now bigger than AMC Networks ($4B), Lionsgate ($5B) and I hopefully cannot wait to see them surpass Twitter ($14B) and Snap Inc ($15B). It will take a while but it will sure happen. However they will still be smaller than Activision ($47B) and EA ($36B).

 

Edit:https://www.cnbc.com/2017/08/04/wall-street-says-activision-blizzard-will-be-the-disney-for-the-21st-century.html

Edited August 7, 2017 by BLOOD

[FlatFX]

I see you are very bullish again

 

300$ puuhh not in the next 4 years. To reach this level they would have to acquire a studio with games which are already successful in the market at the point of purchase.

 

Wonder why nobody tries to buy the playersunknown battlefield makers. Based on the assumption that each 60k active players at steam result in 1 million sold copies they have around 9 million active players and numbers are increasing heavily.

[Jason]

I see you are very bullish again

 

300$ puuhh not in the next 4 years. To reach this level they would have to acquire a studio with games which are already successful in the market at the point of purchase.

 

Wonder why nobody tries to buy the playersunknown battlefield makers. Based on the assumption that each 60k active players at steam result in 1 million sold copies they have around 9 million active players and numbers are increasing heavily.

 

That is one big and wild assumption that is waaaay wide of the mark. The game officially hit 6mil copies sold last month and according to Steamspy, is currently hovering around 6.25m copies sold. It also recently overtook CS:GO as the second most popular game on Steam, hitting a peak concurrent player count of around 582k. It is continuing to grow like mad though and you'd think there will be a few companies looking at them with an interest to buy them out.

 

That said, they are based out of Korea and the game's popularity is in the US/EU for the most part so it's probably not a super enticing acquisition. Plus, I'd imagine most big publishers are looking at the genre and what they can do with it them selves rather than splash out on buying a studio.

[BLOOD]

I see you are very bullish again

 

300$ puuhh not in the next 4 years. To reach this level they would have to acquire a studio with games which are already successful in the market at the point of purchase.

 

Wonder why nobody tries to buy the playersunknown battlefield makers. Based on the assumption that each 60k active players at steam result in 1 million sold copies they have around 9 million active players and numbers are increasing heavily.

Haha Thanks FlatFX..Any I think they can easily get to $300 even if RDR2 does not pan out well. If they start to break out player numbers for GTA Online and Social Point have a couple of hits that can sure happen plus they can buy THQ Nordic and fold it into their own Take-Two Europe Ltd. It will give them alot of cult IPs that could become nostalgic hit wonders and even exploit on Mobile and AR/VR. Then they can buyout Hi-Rez or Studio Wildcard (developer of ARK:Survival Evolved) or Daybreak for online IPs that could be distributed in Asia. To many growth path for Take-Two Interactive. I hope they spend way more than $250 million (their biggest spending to-date) in the next couple of years turning into a formidable #3 to EA (#2) and Activision Blizzard (#1).

 

http://www.gamesindustry.biz/articles/2017-08-07-video-game-remastering-is-a-win-win-for-publishers

[Jabalous]

The stock has been making a new ATH everyday since the earnings. A lot of buyers chasing a growth stock and I don't blame them. However, with a 14-day RSI at 78, it's now trading at the upper limit of the overbought zone and a downtrend will have to come. I still don't know why I sold early despite having it since $62. Now waiting for a delicious dip!

[BLOOD]

I think Take-Two Interactive got Social Point a mobile and social game developer for a cheap price which will exceedingly reward them adding another $4-10 Billion in valuation (sound bubblish for a company bought for at $238 million) and RDR2 have the potential of adding $7 Billion to their valuation (yeah it no GTA but anything can happen). I think the stock have the potential to be at $120.00 by end of 2017.

[FlatFX]

again US president killed the current upward trend.

 

Its a desaster and shame to have this person destroying a great country. Also I agree that Hillary Clinton would not have been a better choice.

The election system is just messed up when money decides who is going to be the next president.

 

Maybe Dennis Rodman can safe us all

Edited August 9, 2017 by FlatFX

[BLOOD]

again US president killed the current upward trend.

 

Its a desaster and shame to have this person destroying a great country. Also I agree that Hillary Clinton would not have been a better choice.

The election system is just messed up when money decides who is going to be the next president.

 

Maybe Dennis Rodman can safe us all

Trump is just bad for business and world peace

 

Edit: I noticed something with Take-Two stocks since the valuation started it upward trend; when it goes red and goes down one notch it goes green and goes up four notch after a short while. I hope that continues in the long term and years to come.

Edited August 9, 2017 by BLOOD

[Jabalous]

In any case, I think that the stock is due for a small correction as it's currently overbought and will have to fill the gap between pre- and post-ER price. A good buying opportunity would be at the 20EMA. $NFLX had a similar run post-earnings last month. It went up +17% before hitting a resistance that was tested several days in a row and then it gradually lost %6. Still want my long-term buying opportunity to come! I believe 2018 will be an amazing year for the company with RDR2, GTA Online and a major 2K release, in addition to their most recent sport titles. Once players hit the wild west market, the buffalo cards will do the magic.

 

Edited August 9, 2017 by Jabalous

[FlatFX]

checking pre orders for NBA 2k18 I find it weird that Amazon.com does not have physical units of the game on sale.

 

Gamestop Bestsellers its already in the Top 5. If EA releases NBA live 18 later this year close to christmas they already lost it.

[FlatFX]

NBA Live will be released 15th of September previously planned to launch in December with 33% discount when you preorder

Somehow makes me suspicious . Sounds like a trap

[BLOOD]

Good to see Market up again. Here is hoping Take-Two cross $100.00 next week.

[Jabalous]

Hitting $100 on no news will require the market to have a very bullish sentiment, especially for the tech sector. This is not the case nowadays with the political climate and the fact that the market is at an all time high. Even before the dip yesterday, $TTWO tested $92 two days before, but always retracted, creating a resistance at that point. I can see it consolidating in the $88-$91 range, then testing 20EMA at least before making a new leap. This might take months until the next conference call in November. The summer season has been very turbulent for the stock market so far and the temporary uptrend is only the result of great earnings. We might be heading toward more harvesting periods before we enter a cooler climate.

Edited August 11, 2017 by Jabalous

[FlatFX]

There will be good news. NBA 2k18 sales, WWE 2k18 sales, RDR 2 reveal.

 

Just a new RDR 2 trailer with confirmed deliver date will push the stock to 95

Edited August 14, 2017 by FlatFX

[FlatFX]

http://comicbook.com/gaming/2017/08/14/league-of-legends-tencent-invests-in-playerunknows-battlegrounds/

 

There we go Tencent makes the call

[BLOOD]

PUBG developer is korean so it will be an indirect acquisition via Take-Two Asia based in Singapore however I think I want them buying Zenimax than some online game that will forgotten in few years (I doubt that though). Now it will be cool if they bought both Studio Wildcard (ARK:Survival Evolved) and Psyonix (Rocket League). If the company reach $13B in market cap before RDR2 and Untitled 2K title it will need to proved it can grow as it valuation and future valuation of $20B.

 

Edit: Thanks for the update FlatFX ☺

Edited August 15, 2017 by BLOOD

[Jabalous]

My take on T2's current stock price

 

The sooner it fills that gap, the sooner I can pull my trigger and ride it all the way till the end of 2018 at least.

Edited August 15, 2017 by Jabalous

[BLOOD]

Interesting Jabalous, and Thanks BTW. Anyway Here:https://www.google.ie/amp/s/www.polygon.com/platform/amp/2017/8/15/16152780/pubg-tencent-buyout-rumors-false

[Jabalous]

I like it when I see GTA V always being on the top of the most daily and current played games on Steam. This is just part of the PC community, so just think about the larger community on 4 consoles

 

http://store.steampowered.com/stats/

 

Smell those microtransactions, sport cars and high-rise apartments? Also bring me some buffalo cards, R*, and get those PC players some cowboy fun later. They will probably double dip, too

Edited August 16, 2017 by Jabalous

[BLOOD]

Thanks for sharing Jabalous ☺

 

Edit:https://www.fool.com/investing/2017/08/16/3-stocks-that-could-soar-more-than-priceline.aspx

Edited August 16, 2017 by BLOOD

[FlatFX]

Just crossed 93$ first time

 

RDR 2 cant come soon enough to blow T2 beyond 150$

[Jabalous]

The stock has truly held it ground since earnings and it's now making a new ATH on what exactly? This? Still too expensive to my liking. Buying at ATH in this volatile market wouldn't be a wise move, so I will keep patient. It looks to me that the thing that can knock it down to fill the pre-ER gap is a marketwide correction, otherwise it mightn't especially since new releases are coming from them this Fall.

Edited August 18, 2017 by Jabalous

[BLOOD]

I think Gaming stocks are having a great most especially Take-Two Interactive. Jabalous and FlatFX thanks for the update. Anyway I think China just made it harder for their companies to invest or doing mergers and acquisitions outside the country.

 

Edit: Here is to $110.00 by December 2017.

Edited August 18, 2017 by BLOOD

[FlatFX]

NPD numbers for July pushed gaming stocks today.

 

Take Two many times outperforms market and competitors. Q1 results pushed recurrent consumer spending far beyond expectation which keeps driving the stock. Just imagine > 20M sales for RDR 2 next year. Recurrent spending for GTA and RDR 2 will be massive. Margins going to rise and put more cash into Take Two's pocket

 

And they have so many titles in development that makes their current valuation of 10B look like a joke.

Red Dead 2

Bully 2

Midnight Club

Borderlands 3

Hangar 13 probably working on a new title as well.

 

I do still also have hope that they will come up with a GTA 5 SP DLC.

While RDR 2 launches their focus will shift partly to RDR 2 Online leaving them opportunities to go into the other direction with GTA 5

 

I see E-Sport for Take Two as a good instrument for marketing don't see them benefiting from it too much.

Instead they will do the big money with recurrent consumer spending and porting their titles to new platforms. Especially their titles on the switch will do very well. Plus opportunities to take a bigger bite from mobile gaming keeps plenty space for growth to be a 20B company

Edited August 18, 2017 by FlatFX

[BLOOD]

Amen Brother.

 

Edit: Here hoping Take-Two becomes a bigger game company worth $20 to $30 Billion and upward (Getting to $10B is the start).Amen

Edited August 18, 2017 by BLOOD