Breakout through the 130p resistance after 14 weeks of high volume consolidation. EID was heavily tipped over Christmas as play for 2004 but SEG outperforming and undervalued in comparison.
The final results before xmas were excellent, beat expectations and gave strong forward guidance. The market now playing catch up with the price.

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Looks like a supported breakout.

Thanks for the recommendation Siwel - a very good spot. I bought in this morning at 133p. I was amazed to see the P/E ratio at 8.5 or so, which is ridiculous for a stock like SEG. The FT does not reflect this - see today's FT where SEG's P/E is given as 26.9. EID's P/E is 16.6: on that basis SEG's price would be 255p!

IMHO this could double.

Yep, not suprising, the consolidation was very strong. Now weak holders finally retired its starting to rerate on even the small buys. There was a consistant buyer underpinning the consolidation and the major seller was a technical issue for Cantors who were adjusting their long position which was a 2m hedge holding against some major spreadbets they took at 40p. The spreadbets were partially closed at the first 130p spike on results in Autumn...and Cantors adjusted down their hedge accordingly.......(I would imagine the balance will be closed near fair value which is currently 200p+ even without further profit forecast upgrades) . Cantors now off the scene but the buyer remains hence the rise into sells and further rises on small buys. Likely to tickle up untill the punter market sees the rerate then the usual spikes...all IMHO...but with a sub 10 P/E it is at a silly price so reratings not only reasonable but delayed. The restructuring of accounts to enable dividend payments wont hurt either :)

Siwel - thanks - your analysis is really interesting. I do not have level 2 so I don't see all the action. Am happy to sit tight with this one for a few months and see how it runs.

I was in EIDOS for a while but it never really did anything. Cleared out with a 15% gain. It amazes me that a company with Lara Croft can't do better...

Keep posting. It's odd how really good opportunities like this thread can get overlooked. People tend to follow the crowd and the heavily used threads.

Cheers
B1

Nice and steady breakout from the solid consolidation. No doubt the spikes will come but its behaving sensibly so far.

Yes the chart is looking tremendously strong. At some point I am sure it will attract the punters and will spike up. One to tuck away...

going up on almost any buys

Yes very nice, would seem to be good demand for the stock the chart targets 185+

Any thoughts on recent movements Siwel? - share price holding up OK in negative markets.

Good news on latest game - deal on US publishing rights for Conflict: Vietnam.
Price has not really moved though.

The news was expected i think so no great increase in buying but also no great increse in selling.Chart still targets 185+

nearly there only a little later than i was expecting :)