Video games label and developer Team 17 (LON: TM17) has had five profit forecast upgrades in the past 12 months. Games released in the second half performed strongly.
Team 17 floated 20 months ago when it raised £45m at 165p a share. Following the trading statement, the share price rose 37.5p to 420.5p.
This has taken Team 17, which is a constituent of the FTSE AIM 100 index, to a valuation of more than £550m and into the top 40 AIM companies by market capitalisation.
There is an experienced management team at Team 17, and they have done well in managing expectations. The 2019 profit ...
