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Isn't there a connection with Warhammer games too..?. oddly enough Fdev have started releasing Warhammer games...
I'm guessing within a year this will be sweeped up and titles such as Elite (their real cash cow) gets proper
development hopefully.
Check the News tab, and Numis. Near the bottom they mention a couple of big releases in 2025. I can hang on to see what that could be. A sale before that would be giving the company away so I hope that isn’t the case.
Have downgraded this from a TP of 2130p to 620p and have removed their buy rating!
Can’t understand why people think oversold. The company has totally missed targets. Previously company traded on huge p/e which could only be justified by huge sales and profits increase. Not happening and from update see little chance of that improving any time soon. To me see little reason to invest. Would love to understand any possible reason for investing in this beyond it was previously a higher price and now has fallen. Not sure why anybody would want to buy this, maybe for talent but can’t see it in current climate of tech layoffs. This is 2023 not 2021, very different times, don’t confuse the two.
Back in again at the end of day. Ridiculously oversold. So they didn’t sell as much F1 over Xmas as expected - what’s the panic, it’s not like they’ve been stuck with a load of Xmas trees or turkeys! Always been muted as a takeover target, very much in play now.
Still way over inflated.... 19m down to 2m profit is horrendous
previously trading at 20x profits... 2m x 20 + around 40m cash? That's 80m mcap vs 184m currently
Not too surprised at the drop
All IMO
I think oversold too, which is why I took a small punt at just under 470p.
My buy limit order got triggered today :)
Disgraceful.....oversold for sure but this is how it is
Jumped in with 6 seconds left, last open trade of the day.
Is this right?
On 04/01/23, "analysts at ShoreCap upgraded their recommendation for shares of Frontier Developments from 'hold' to 'buy', telling clients that they were anticipating record sales over the 2023 financial year and a step-change in profitability.
Their new recommendation, they pointed out, also followed a downdraft that had seen the shares drop from about 1,400.0p in November to "just" 960.0p.
To them, that marked a "notable" discount to their fair value estimate of 1,350.0p - which was unchanged - and to its historical metrics " despite a larger profile of titles and an arguably more sophisticated model".
They were also anticipating improving margins and cash generation across their forecasted period which stretched out to FY2025."
They couldn't've got that more wrong more quickly... a shocking failure of analysis! Can we assume ShoreCap are FDEV's house broker?
bottomed reached now for the bounce.
What is on the horizon to boost the price?
Frontier needs to announce some new stuff. I don’t mean DLC shrubs for Jurassic World. Something good, something big.
Stranded: Alien Dawn seems to be received quite well. Early access at the moment and it needs to fully release problem-free.
F1 Manager is getting some good reviews now but other reviews are severe and complaining that there is still stuff that needs fixing. I can see it is being sold at £45, the same as Football Manager. Maybe with the more favourable reviews now this will be a slow burner until they get a chance to release a F1 Manager 2023.
Surviving Mars is something to look forward to. It needs to release problem-free.
I really can’t see how Foundry has NOTHING coming up … Frontier should replace ‘whoever’ with a creative buyer from another publisher because something is wrong there.
Apparently they have between 600 - 790 people involved with Frontier but … no big projects to announce; a problematic F1 Manager release; a problematic Odyssey launch; no upcoming Foundry launches …
They bought the Warhammer guys in Canada and that game looks wonderful. But surely nothing big will come out from that studio for another couple of years - although hopefully some DLC before something bigger.
I’m struggling to stay positive here but I’ve got no choice. I’m going to loose a lot of money if these guys don’t start pulling rabbits out of hats. I haven’t slept the past 2 nights.
Bearing in mind that three cunning directors sold 65,000 shares at over 1400p only two months ago, I will not be tempted to buy until these same directors show support for their company.
Added more. Surprised no bouncy bounce. It’ll come. Standout takeover target at this level.
Sorry Braban, but you know who I mean.
Well someone is, David Barnham owns a third of the shares then between them 10 Cent and Invesco have another 15%. I expect we will see a TR1 in the next couple of days. Tempted to buy at 505p late on, but looks like it is going lower. That is a 50% drop from Monday morning, tough on existing holders but definitely opportunities for newbies.
One of the institutions offloading BIG time here... The downwards pressure is strong
Agree with you, he who dares winds Rodney, think this will be swallowed by another tech company considering it's price now.
The writing was on the wall for this one when they announced fairly quickly that they weren't going to update the F1 manager game anymore. That annoyed so many gamers to the point it got such a bad rep. Imagine FIFA coming out and after a month they just stop updating anything, don't do anything with Ultimate Team and just wait for FIFA 24 - everyone would go mental.
It's a learning curve for FDEV, you can't just take purchase costs and run
Happy I left it until today - lovely opportunity.
Running a public company is not a ****ING game Braben
Braben needs to wake the **** it and start running this like it’s a public company with other peoples money invested in it. Because he seems disconnected from the fact that some of us are losing an awful lot of money here.
I don’t hear if job losses? Does he think our pension pots are bottomless?!
Lost a packet on this this morning, but I’m hanging o n in the belief that there will be a takeover, which I think is quite likely given the current SP. It is not easy to recruit good gaamesmakers and it would be easy to get rid of underperforming managers.