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True, and to save any staff at all, Frontier will have to shed many more than the 20% announced.
For comparison, the launch sales target of 1000-person-Frontier's recent Warhammer game was met last week by a new Warhammer game from competitor Owlcat which has just 125 staff.
That's the downsize order of magnitude Frontier has to make if it is to survive on its cut-back plan of just one game release per year.
And this still leaves the productivity issue. The above requires Frontier to lift earnings per employee by about 1000% relative to its three most recent games.
All this will clearly require much work from a competent management team. Fortunately it requires little work from the current management team. Just resignations.⁷
It’s great that frontier wants to be seen as looking after their staff and not let any go, but if there is no business at the end of the day - everyone loses.
Whoo Yank you must have been on the champers today! If only they hadn't fired you maybe it would all have worked out...
"In background it has lost more than 50% in a month"
...which tends to obscure the far more significant fact that it lost more than 20x that in the last three years.
Share price is now far below the placing price at the IPO ten years ago - in an industry that boomed in the same period.
Take a moment to appreciate the degree of ineptitude required to achieve shareholder value destruction on such a scale, and you will see that thid stock will do nothing but fall until those responsible pass control to new management - voluntarily or not.
"Realms of Ruin has £1.6m and looks like an uptick is starting to happen with the Xmas sale."
Complete fiction. £1.6m is fabricated. Steam shows zero uptick. Game is not in any Xmas sale.
"Appears that my speculation about GM takeover was spot on"
... but somehow RNS feed lost the news that GW has bought the inept creators of the biggest videogame flop in Warhammer history for £70m, rather than get them for free by planting a Hiring! sign outside the Frontier staff exit door, or simply by waiting a few months for most of the staff to be laid off.
"And yes, rerate coming"
He got one thing right. Simplywall.st today revalued FDEV at 13p per share. Based on a discounted cash flow model, rather than the broker's "let's not attract attention to how appalingly we f*cked up with last month's pie-in-the-sky numbers" model.
See my post earlier.....like a book.
£1.50 ish
All IMO
Hey presto
All good Whisp3rs39.
It just looks like there is some price manipulation happening with this share, yesterday someone dumped 100k and bought back again later in the day. So looks like the same with the 259k sell and they are being bought back at a discount in smaller buys to avoid a price jump.
It's ok Horis, i have days like this every so often.
Wish you well too, just see a different scenario here.
Merry Christmas & Happy New Year.
I've access to resources, and read through the sells and buys to see what is happening.
And there was one big sell at 8.25am, this caused triggers and there is bulk buys being fed by trimming sells.
Anyway, I hope you have a good day and a merry week, I wish you well
To your BS, very contrary.
You using L2?
You just counting todays sell for this campaign you're on?
Do you bother to read the ticker tape or just be contrary?
There was one large sell at the start of the day and the rest was autosellers and fear.
Now there are good buys and hovering up happening
Orange, you're a lot more on point than Horis at least.
However, not all SP negative news has been released, still more to come.
SP is lower than i thought it would be at this point, II's are not waiting around to get out anymore.
Expected a lot stronger resistance at 108, it was broken too easy, only PI's buying this atm.
-15% is apparently a good clearing. Sure shows that large buyer in the background is hoovering them up.
Could have sold out a much higher price weird...
The trigger was a large 260k sell at 8.25am.
This set off triggers and weak hands causing the fast drop.
However, this has now been a good cleaning.
No need to panic, increased volumes and sharp drops usually mean the seller is kitchen sinking it and nearly done,
20m Cash vs 39m mcap and 10m loss, with forecast of break even (IIRC) in 25, should mean it's ok without funding
Quite a steal here if im honest, with the new CMS game strategy... probably should be around £1.50 or so on a RR basis
"The Board expects Frontier to at least break even in FY25 through the ongoing performance of the existing portfolio of games, revenue contributions from future releases including the CMS game scheduled for FY25, and the 20% operating cost reductions from the Organisational Review."
All IMO
Appears that my speculation about GM takeover was spot on, and the funds are shaking the tree and triggering the auto sellers.
Horis showed up...
Drop is obviously alarming, does anyone have any pointer on this?
They've lost 50% since I sold out on 27th November.
And I lost 20% before I woke up and sold.
Nightmare stock.
Thanks for the cheap shares.
In background it has lost more than 50% in a month.
Not been "in" for a quite some time so just monitoring for now.
I'm "looking at" some posting histories and waiting for the, "I can sell my entire holding" blah blah... lol
You don't have to justify a punt with BS. Just sayin'.
07 :)
Omg, will it still have a pulse at the end of the day.