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Why I think this UK share can double my money

first_img Our 6 ‘Best Buys Now’ Shares See all posts by Manika Premsingh Image source: Getty Images The AIM 100 video game developer Team17 (LSE: TM17) has seen a share price increase of over three times in the last two years. But I think the best is yet to come for this UK share. Here is why. 5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Strong financialsIts results for the full-year 2020 released yesterday are impressive. The company saw a 34% growth in revenues. Its earnings per share also grew by 32%. These numbers have been helped along by the lockdowns, which limited our entertainment options.Growing industryAccording to a MarketWatch report, sales of video games rose by 20% last year. But the gaming industry was a growing one even before that. And this shows up in Team17’s numbers too. The company has seen a steady rise in sales and its bottom line has shown consistent increases too. Moreover, it is expected that the industry will continue to grow in the foreseeable future as well. In 2021, it can continue to be fuelled by the pandemic as well. By the time that the majority of us are vaccinated and free movement once again becomes the norm rather than the exception, most of the year will have passed. This would mean another strong year for home entertainment. Further, it is possible that gaming has found new converts as well in these unexpected times, which can bode well for its demand going forward. According to Team17’s release, the industry is expected to see an average growth rate of 7.6% up to 2023. This may be less than half the growth seen in 2020, but I think considering the size of the video games’ industry provides some context. It is estimated to be worth $180bn in 2020, which compares to $100bn for the global film industry. This in itself indicates the kind of growth opportunity that exists.Bullish outlook Team17’s 2021 outlook is bullish too. It has referred to both its diverse pipeline of launches and M&A opportunities for further growth. This indicates that the UK share can continue to rise further from here. What can go wrong for the UK shareHowever, the best laid plans can go wrong. I think we need to consider the fact that post-lockdown, demand for games may decline faster than expected as the pent-up demand for outdoor entertainment can finally be met. Further, a economic slow down post-pandemic cannot be ruled out as the real loss to the economy becomes clearer. A slow down is typically bad news for discretionary demand segments, like video games. Also, UK share’s earning ratio at 44 times makes it a pricey stock. While it can be justified by Team17’s robust performance, especially in a bad year for many companies, as things start looking better for the rest, it becomes less easy to do so. The takeawayAll in all though, I am in favour of this UK share. The company is in a growing market and has performed well. Its share price increase of 1.4 times in the last year alone makes me hopeful that if I buy I stand a chance to double my money.  Enter Your Email Address Click here to claim your copy of this special investment report — and we’ll tell you the name of this Top Small-Cap Stock… free of charge! Manika Premsingh | Wednesday, 17th March, 2021 | More on: TM17 Why I think this UK share can double my moneycenter_img Manika Premsingh has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Simply click below to discover how you can take advantage of this. The high-calibre small-cap stock flying under the City’s radar Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Adventurous investors like you won’t want to miss out on what could be a truly astonishing opportunity…You see, over the past three years, this AIM-listed company has been quietly powering ahead… rewarding its shareholders with generous share price growth thanks to a carefully orchestrated ‘buy and build’ strategy.And with a first-class management team at the helm, a proven, well-executed business model, plus market-leading positions in high-margin, niche products… our analysts believe there’s still plenty more potential growth in the pipeline.Here’s your chance to discover exactly what has got our Motley Fool UK investment team all hot-under-the-collar about this tiny £350+ million enterprise… inside a specially prepared free investment report.But here’s the really exciting part… right now, we believe many UK investors have quite simply never heard of this company before!last_img read more