The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
A punt.
Pure gamble here now.
Hypothetical takeover talk for FDEV to become GW's little TV b*tch is quite funny though.
Game workshop has their new TV show coming to Amazon being made by Henry Cavil.
https://www.theguardian.com/technology/2022/dec/16/amazon-agrees-deal-with-games-workshop-to-create-warhammer-tv-series-henry-cavill
So would make perfect sense now to acquire Frontier Dev to have an in-house game company to build new games and digital assets for the new show and dedicated GM IP
Games workshop are sat on a nice pile of cash ready for investment:
https://www.cityam.com/amazon-warhammer-deal-spurs-games-workshop-to-record-170m-profit
As such, we could be looking at a takeover very soon.
I imagine it will be in the £70m region, with clauses to keep senior staff locked in for years.
Yep had gone through my mind. Coincidentally bought the dip in GW earlier.
Realms of Ruin has £1.6m and looks like an uptick is starting to happen with the Xmas sale.
Given the locality of Frontier Dev to Games Workshop, I could see a big partnership potential, and that potentially it would benefit games workshop longer term to look at an acquisition to have their own in house computer game company to maximise cross sales and market.
The fact so many of FD's titles are burdened by licences is a big big negative for takeover. Licences take a hefty cut of receipts, restrict what can be added to the game, prevent licencing onward, and have an exipry date and termination clauses. And note that FD's licenced games JWE2, F1M and Realms of Ruin have disappointed to the tune of approx. 80% loss of share price.
11-Dec-23 14:10:34 120.00 93,000 Buy* 119.20 120.00 111.60k O
Vol. Sold 269,160
Sold Value £325.21k
Vol. Bought 479,809
Bought Value £579.26k
Given the large volume of titles under licence, and the experienced dev team, could we see a takeover offer soon?
> Until a official announcement of a new title & what it'll be is annouced, there's literally nothing but hope and chance to go on here.
If that announcement comes from the current management team, which announced the last four major releases, each of which tanked the share price, then still there's nothing but hope and chance.
For the next game to save Frontier from bankruptcy, it has to jump multiple hurdles. Game has to 1 actually appear - unlike half the news games of this and the previous FY, which disappeared without trace. 2 actually not be a huge loss-making flop like all the games this team has produced for the last three years. And 3 it has to make enough profit to fund the next game.
Plus Frontier must pull off this hattrick before its dwindling cash runs out, and with fewer staff than has already proved inadequate for the job.
Is this possible? In theory yes.
Is this likely? In practice, no.
Is this worth betting on, considering also this bet lost means company bankrupt? Clue: management aren't buying shares - at a tiny fraction of the price of when they last told shareholders everything was fine.
Maybe next year, I had 108 as a bounce target but its got down here quick & still got a few negative pieces of news to comes, imo. This could trade well below its asset value.
Forever aging portfolio,
Possible capital raise coming for new titles,
Possible and likely F1M being discontinued (could be classed as positive though),
Interim and full financial results are going to be horrendous however much they try to dress them up,
&
CEO thinks he's playing FrontierDevelopmentManager.exe
Until a official announcement of a new title & what it'll be is annouced, there's literally nothing but hope and chance to go on here.
Will be good to day trade the bounces but certainly wouldn't leave much in overnight.
I can think of a lot worse distressed situations over the years that have come good. Yes predictable how the last 12 months has panned out but looks a most interesting play at this level.
Writing has been on the wall for nearly two years now but rampers still can't accept Aaa, yh, whoever he is on here, just might be right in this current situation. Forget the previous 7 years he's been slating, you're only conning yourself not listening now.
Falling knife. On my watch list.
Liberum note today, target price 150p.
Estimates Realms of Ruin underperformance at 80%.
... the irony of someone spending 8 years under various names on various websites whinging and beaching about a company they are not invested in/possibly been fired from calling other posters "sore losers"!
I aplogize for the behaviour of this cruddy board software. Satisfied?
aaaa1111 why don't you just feck right off, posting the same ****e
The sore losers on tbis board have only theselves to blame.
The sore losers on tbis board have only theselves to blame.
The sore losers on tbis board have only theselves to blame.
How much of your portfolio is invested in this YH/AAAA1111?
“We couldn't overcome weak demand for video games and the sudden reversal of market dynamics that had favoured us over the previous years. We innovated in marketing, refocused our catalogue, and adjusted the cost base as quickly as possible, and, despite these actions, it wasn't enough in such a rapidly evolving market."
https://www.standard.co.uk/business/game-maker-tinybuild-warns-it-could-run-out-of-cash-in-january-b1124919.html
Yep YH/AAAAA111111/BigLittle123 is certainly no investor! His posting history goes back over 8 or 9 years, since Elite Dangerous. It's a bit entertaining but also a bit sad someone would put so much effort into such a long negative hobby. If he took the time to research and pick apart every bit of news on a company he'd actually invest in he could have made a fortune, boought FDEV and fired the people that fired him!
My money is on ex - employee.