Car Finance Appeal

Headlines say car finance firms rally as legal appeal is given green light and all stock picks are a mix of 80% BUY, 10% HOLD and 10% SELL.

1. BUY Tinybuild

Top stock pick this week is BUY Tinybuild by Berenberg with a tip performance of 16%.

tinyBuild is an American publisher of indie games based in Washington. It became a public company on the Alternative Investment Market in March 2021.

Tinybuild share price launched at 240p in March 2021, rose to an all-time high of 335p in April of the same year, and is now at 6p.

Berenberg placed the tip on 8 December when the share price was at 5p. By 11 December tinyBuild was trading at 6p.

In Stockomendation three analysts with three different ratings: Berenberg with BUY, Shore Capital with HOLD and Steve Moore says AVOID. There are no active short positions open.

2. SELL Cirata

Second top performing stock pick this week is SELL Cirata by Tom Winnifrith in ShareProphets with a tip performance of 14%.

Cirata plc, formerly WANdisco, automates data transfer and integration to modern cloud analytics and artificial intelligence platforms without downtime or disruption. Its products consist of Data Migrator, Data Migrator for Azure, Access Control Plus, Gerrit Multisite, Git Multisite, and Subversion Multisite Plus.

Cirata share price launched at 199p in 2012, rose to an all-time high of 1,461p in 2013 and is today at 26p.

Yesterday (11 December) it issued 358,000 new shares in this RNS to settle consultancy fees by an unnamed supplier, i.e. intending to pay the consultants in shares not cash. Winnifrith raises concerns such as the recent £5.6 million raise not being sufficient to pay the consultants in cash, and speculates about a potential future profit warning.

In Stockomendation Winnifrith is the only analyst with SELL and there are no active short positions open.

3. BUY Team17

Third interesting stock pick this week is BUY Team17 Group by Jefferies with a tip performance of 10%

Team17 is a British video game developer and publisher based in Wakefield. The company was created in December 1990 through the merger of British publisher 17-Bit Software and Swedish developer Team 7.

Team17 share price launched at 230p in 2018, rose to an all-time high of 870p in 2021 and is today at 216p.

On Monday Jefferies upgraded the stock to BUY from HOLD and named the new target price at 360p up from 230p due to a new management team and new low investment game development model.

In Stockomendation four analysts: Jefferies and Berenberg say BUY, Deutsche Bank says HOLD and Cantor Fitzgerald has OVERWEIGHT. There are no active short positions open.

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Disclaimer: The contents of this article should not be considered financial advice. Pricing data correct as at 12th December 2024.