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With only 30m shares in issue how can they drive price so low.
Are they selling without borrowing? Naked selling
Shorters? What shorters? The short tracker shows no shorters.
When the shorting is below a certain percentage it is not tracked
The short tracker threshold is low, showing lots of significant FDEV shorting prior to January's 50% plunge.
But it now shows none, which makes sense since the previous shorters will have closed out at the plunge, and the SP is now too low to be as attractive to them.
If it drops below 250p, I am in.
At current rate of fall, you will get your target 250p in two days.
Me, I'll hang on for 1x cash, 75p, which will likely arrive in about 20 days.
@AAA: Didn’t you say on the 31st of August that Frontier hasn’t much further to drop? Have a look at your post history, what a co-ck, this makes you look rather foolish and devoid of credibility.
Yes. Mcap £30m. Think tinyBuild.
> Didn’t you say on the 31st of August that Frontier hasn’t much further to drop?
Not me, chum. That would be a dumb thing to say what with the two biggest II shareholdings unwinding right now, with about 10% of total shares still to go.
No credibility, ignore this poster. Posted on the 31/08/23 on the Tinybuild BB. He probably doesn’t realise that his posts can be viewed!
“SmallHexTiles, pehaps checkout FDEV too. A very similar story, down 89% from peak, and probably not much further to go before reversal”.
Teddy100, if you doubt my prediction of sp 250p in two days, then I've got to wonder whether you are aware of the current situation. You can verify the facts for yourself. The two big II shareholders are offloading. That means down down down until they are done.
At prudent
I agree with you
Also I have never done shorting but one think that normally shorters look is share availability. This company doesn't seem to have lots of share available to trade so should be quite risky to short. I wonder if there is a a big buy order on level2 and market makers are shaking the tree to get more share in order to fill that order. I can't see level2 myself but is anyone who could see that?
to cascudi.
regarding shorters needing availability, all i can say that since january shorting has dropped to zero despite availability not dropping in the slightest- and arguably rising.
regarding price depression being due to tree shaking for a big buy order, this looks improbable for two reasons. one, the depressions caused by tree shakes are normally small, brief and sp****, whereas fdev's decline is none of these. two, any big buy order would be filled by our two big dumpers, obviating the need for any tree shake.
so the simplest explanation remains the best. the decline is caused by the daily autosells that are offloading the 10% of issued shares held by exiters swedbank and invesco.
Shame to not see any holding RNs and to not see any directors buys
CAS BOD are not stupid, they will know, where it is heading
What kind of RNS do you think could have a holding effect?
Trading update? It would have to cough up the tragic sales figures for F1 Manager that the board concealed from last week's report, and equally tragic for the new Warhammer game, so the board will want to delay it until after November's game release.
BoS not stupid? I would not bet on that. The four of them who bought shares this year before the F1 Manager release lost 50% of value.
However I would agree they are not so stupid as to buy now - before the F1 Manager 2024 sales figures are released, tanking the SP.
"If it drops below 250p, I am in."
There yiu go Teddy. 242p. Welcome to the FDEV club!
it’s like death by a thousand cuts… from what was promising a few years back- tipped by questor - it’s been **** ever since.. so far down feel like i might as well hang on - you never know !
truly awfully run business these last couple of years!
Questor truly overdosed on the Braben koolaid.