The Investment Column: Rage
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.AS THE latest hot number to crack the fast growing market for computer games, Rage shares have undergone a substantial re-rating since early summer. Yesterday's full-year results, which saw pre-tax profits jump nearly four-fold to pounds 3.12m and sales rise 59 per cent to pounds 8.85m, justify the faith investors have put in the stock.
Yet there are clear indications that Rage can develop much further. Last year, three games, including its football title, provided the vast bulk of revenue. Now, however, it has nine titles in production, including three out of the 10 initial titles for the imminent European and North American launches of Sega's Dreamcast console.
Deals with Microsoft and the two largest PC manufacturers, Compaq and Dell, should also underpin growth prospects. With world computer game revenue expected to grow 20 per cent plus to pounds 11bn this year, Rage's tightly managed expansion should continue to reward investors. With a prospective year to June 2000 p/e rating of 25.5 the shares are a buy.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments