Okay, a few reasons why this will be good for GameLoft
* This is a new index and likely to be followed by many looking for European tech values.
* GameLoft is one of a small group selected from hundreds to participate in this new index
* Members of this group will enjoy a year-long promotion program and special assistance to enhance visibility; including international roadshows.
* EnterNext’s goal is to give more prominence to outstanding European Tech companies
* GameLoft will be admitted to the Tech 40 index on May 4, 2015 and participate in a roadshow program targeting international investors
IMHO, GameLoft is an outstanding European company but few American investors have heard of it. Perhaps EnterNext will change that and help to improve GameLoft's public image both domestically and worldwide. Time will tell...
As best I can tell this will be a year long effort to introduce some of Europe's tech companies to the rest of the world. Clearly this sort of effort is needed as few American investors have heard of GameLoft.
Okay, their investor page says: Next financial publication April 28TH 2015, after the market closes.
Since this is a European stock that probably means 12:30 EST / 9:30 PST.
Yeah, when it comes to IPOs what you really need to do is look at the closing price on the opening day, how they've tracked since and where they are now. The Habit initially soared but then the greater market took over and it quickly leveled off. There are a lot of IPOs that take off, keep climbing and then crash back to earth in the weeks leading up to lockup expiration. The Habit didn't exactly follow that pattern so I don't expect it to be hit hard into the lockup expiration date. I could be wrong, but it doesn't look that way to me and I've watched many of these before. Of course, it all depends on the insiders... If they have lots of shares and if they feel the need to take quick profits then their actions could dump the stock. I just don't expect that with this one. There's too much potential to give away while the stock is near its bottom. I see this is a double in the next twelve and much great things to come.
I've watched many a lock up expiration and would say that the majority of them fall afterwards... But Habit is a little unusual; it is one of the few that nearly as cheap today as it was on opening day. This leads me to believe that they could beat the trend; especially if they have a good earnings report on the 30th... Time will tell, I've visited their restaurant several times since they opened in my city and business always looks great. This gives me hope for strong earnings but sales at one store is not a big enough sampling to rely on it alone. Hopefully other investors here are seeing similar business and lines in their own cities. If not, they that wouldn't be a great sign.
I happen to like the Habit, it's not a Chipotle or a Panera, but it is one of the better new restaurants in my area and it's long term success is definitely a possibility.
I mention Euros in my prior post but GLOFY trades in dollars. To calculate the current value of GLOFY don't forget to look up the European shares, convert from Euros to dollars and multiple by four. For the few that don't know, each share of GLOFY represents four shares of the European stock.
Looking at the long term trend for this company... The chart shows a stock that should be in a 7 to 9 euro range but dropped off the cliff along with Europe last year... Part of that drop also came from lack of confidence in their release schedule; some of their games were delayed (not really a good reason to selling off a great company considering they were just delayed and not cancelled).
Just in case you haven't notice, there's been a V bottom over the last few months along with an increase in volume (for the Paris based shares)... This is very bullish for return to range which, as I mentioned above, is between 7 and 9 euros.
FYI, GameLoft is doing a great job of supporting most devices, but is putting less of an emphasis on Windows phones. This is putting a little pressure on Microsoft to entice GameLoft to support them. IMHO, Microsoft would be wise to purchase GameLoft... GameLoft is trading at a huge discount to their library of content so just like when Disney purchased Pixar and Marvel there are a number of companies that must be looking at GameLoft as a possible content provider. This could make them a takeover candidate for the likes of Microsoft, Google, Apple, Amazon and more. They are constantly in the top of various app stores and that's worth a lot more than investors realize. IMHO, it would take three to five times the current market cap to purchase this company. The interesting thing is that many of the companies that I mentioned have cash held in Euros so it would be fairly easy for them to pick up a European based company or buy a controlling interest... Time will tell but I would almost bet that they are acquired within the next few years.
This is an upside down head and shoulders that has reached the baseline. Based upon recent info about the company (20 products per year, selling ad placement, more platforms, etc.), I believe the next breakout will be to the upside. Ignoring the h&s pattern this stock is also showing a strong V recovery. The 12 month high is $44, we could be back there by this time next year. I've been playing some of their new games to determine the quality of their product and I have to say they are top notch. I'm sure many are looking at the short term chart and wondering why they didn't buy sooner. Personally I see both patterns as buy signals the verify where this is headed in the long term. Good luck to all investors here!!!
With a baseline and resistance right around $19... Another $1.3 to go
At that point expect a breakout in either direction.
This year GameLoft is making a lot of smart moves: expanding to new systems and markets, increasing releases, opening their advertising catalog. If there is a breakout I suspect it will be towards historical trends / a return to a sustained uptrend... Assuming someone big doesn't step in and take over. This is the sort of company that could be owned and advanced by the likes of Amazon, Google, Apple, Microsoft or others. I doubt that the execs would ever sell but it would certainly raise awareness.
Speaking of raising public awareness, trading for this stock is basically price by 9:30am PST... That's long before trading on the West Coast swings into action. If anyone wants to see real support for this company and increased awareness they'll list it officially on the NASDAQ. This company is in the top 10 for downloads on most every platform yet no one in America talks about it because the ADRs have near zero volume. The 12 month drop that took this down from near 9 eur to near 3 is a problem related to trading on the European exchange. The shorts there control this stock and intentionally drove it to the ground.