6th Aug 2020. 10.04am
Regency View:
TAKE PROFITS – Codemasters (CDM)
Regency View:
Codemasters (CDM): Close at 373p
Codemasters has been a star performer in our AIM investor during the last eighteen months.
We snapped up the shares back in February 2019, and through a series of impressive trading updates the shares have more than doubled in value.
There is now a lot of good news baked into Codeamsters current share price and they are trading on a forward earnings multiple of 23. Whilst we remain bullish on the gaming sector, we are going to take profits into Codemasters recent strength and maintain our sector exposure through Frontier Developments.
Gross profit = +109%
CDM 2-Year Chart
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