Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Started: harrydha, 2 May 2024 08:43
Last post: Scarfell, 12 Jun 2024 16:23
Yes probably worth moire than £3 or a bit over £100m. But had to understand why anyone thought it was worth over £1Bn.
It's a good update but I personally expected this and it's inline with my expectations.
The company is still worth far more than £3 though
Very odd that nobody has posted about this morning's excellent RNS trading update which is currently seeing a 10% rise in the share price. If it had been bad news, the posts would have been flying.
An update about an update & video call...
A lot of Auto trades today without a sell off...
Imo,
Positive trading update from sales & dlc with new game announcement on 12th June.
Gla.
Surely today's news that Keywords Solutions is being bought at a price 70% above Friday's closing must be encouraging to others in the industry, indicating massive undervaluations.
Started: lemonade311, 18 May 2024 17:18
Last post: lemonade311, 18 May 2024 17:18
Hey all,
Here's my long thesis with detailed breakdown of why this company is undervalued (imo) given managements new strategy.
By the way, I was bearish on them from £10 to £1 due to their previous strategy:
https://www.reddit.com/r/ValueInvesting/comments/1cuwluf/frontier_developments_is_really_undervalued_still/
Started: Shezray, 1 May 2024 12:44
Last post: 404x, 1 May 2024 13:58
I'm actually surprised we've not seen any of the UK plcs in sector acquired yet. Last year this, TM17 and even tiddler TBLD all went mega cheap. But M&A more likely to come from within industry rather than private equity imo.
Keyword Studios always acquisitive. In US big players like Disney taking a $1.5bn stake in Fortnite maker and Netflix making moves into space should at least help sentiment. On the Chinese side Netease have been partnering with or buying a lot of studios. Definite green shoots in sector after that post-Covid lull.
You haven’t posted on LSE for 2.5 years and just arrive here with that post makes me think you might have heard something?
Quite the question. Explain what your catalyst was to think of this.
Is this another stock in the clasp of a private equity takeover?
Valuations would warrant this and the value can be built with a long term perspective.
Started: swingman, 26 Apr 2024 16:05
Last post: swingman, 26 Apr 2024 16:05
Why sell 2, 3, 4, 5, 6 shares one after other. Is this a mm manipulation to get so many sells?
Started: harrydha, 11 Apr 2024 12:19
Last post: Allstar4eva, 11 Apr 2024 14:04
We already had the news. The SP is just catching up with events
No watch the spread
Does anyone know the secret for the big buys today?
Started: Parob, 6 Apr 2024 08:58
Last post: cryptonomicon, 8 Apr 2024 09:42
Bought back in last week; cash much better than anticipated and sensing that they are listening to players a bit more, so hopefully the games will be more engaging.
Free float is small so when this moves it really moves. It's been kind to me in the past so maybe history can repeat itself (at least to some extent).
GLA
Small-cap Movers: Frontier Developments’ rollercoaster week
https://tinyurl.com/4uu2x2pc
Among the junior markets’s smattering of small-cap video game developers, Frontier Developments PLC (AIM:FDEV) stands out as one of the oldest, having been founded in the early 90s before listing on AIM in 2013.
Wannabe theme park bosses may know Frontier as the former developer of the RollerCoaster Tycoon series, though small-cap investors may know it better as a stock that rallied more than 30% this week.
Frontier spiked to a year-to-date high after Shore Capital upgraded its stock recommendation from a hold to a buy.
This change of stance came on the back of promising developments within the company's game portfolio, notably the successful launch of Planet Zoo's console edition and the sale of publishing rights for RollerCoaster Tycoon 3 to Atari.
The company netted $7 million (£5.5 million) from the sale, comprising a mix of upfront and deferred cash, which should nicely bolster Frontier’s current-year earnings.
Started: Faulkes, 2 Apr 2024 10:38
Last post: Richard08, 3 Apr 2024 16:34
The market would appear to agree with you, biggest sign of life for a while so far this week. Hopefully bottomed out and beginning the long journey back up? We will see.
I would also say for the savings they're making, that 20% cut in annual operating costs they outlined is extremely high. I would actually defy anyone to find any other plc making cuts greater than this within a single financial year, so a bit ludicrous that poster complaining on this front.
This is publishing rights, frontier foundry was a failing publishing business anyway.
So it's the correct move and to focus on planet zoo IP
As of 31st March they report a cash balance of £23.4 million. In January they guided FY24 revenue to be £80-95 million, today's RNS maintains that. They have also previously given target of 20% reduction in annual operating costs - you should assume job losses are a part of that. Based on all this they have more than enough cash on hand to see through this year, before their target of break even FY25.
It’s concerning that they’ve sold the publishing right to Atari so … “The proceeds of the disposal will be utilised by the Company for general working capital purposes.”
They’ve boosted their balance sheet by £4 million this quarter by offloading IP. What about next quarter? There will be a few mill from Planet Zoo console. To prop up the books. What about quarter after that? No mention of any savings via axing jobs.
Started: Whisp3rs39, 15 Mar 2024 12:51
Last post: Elffin, 28 Mar 2024 14:29
Very much agree... the latest platform in their Twitch is very positive... I'm thinking leaner company with much more focus. Its a pity they had to trash the SP but they seemed to have realised what they truly needed to focus on. Fingers crossed now and upwards trends should result.
Well, seems someone has finally listened to customers.
F1M24 annouced with 'Create a team' & reduced RRP of £29.99, along with improved AI that will poach drivers and staff. Steam discussion boards are v.positive.
Just these few extra bits of content has the potential to completely change the user experience & could be the first version finally worth the money with potential to claw back some losses from previous versions too.
After years of slating this company, imo, they may have just turned a corner.
Started: Amers, 8 Feb 2024 16:24
Last post: Amers, 8 Feb 2024 16:26
Sorry wrong BB
Have just bought the following
08/02/2024 Bought B702834323 48.88 10,777 5,276.48
Started: Parob, 30 Jan 2024 22:14
Last post: Faulkes, 31 Jan 2024 18:12
Another F1 Manager.
Planet Zoo on PS5 and Xbox.
A brand new unannounced title releasing this year.
They’re supposed to be doing a show at 6pm tonight to showcase what Frontier is doing. It’s a monthly thing. Gonna be really disappointing if the main announcement is PS5 Planet Zoo.
Frontier's Planet Zoo is finally coming to PS5 and Xbox Series XS this March
Pulasthi Ariyasinghe
Jan 30, 2024 13:38 EST
https://www.neowin.net/amp/frontiers-planet-zoo-is-finally-coming-to-ps5-and-xbox-series-xs-this-march/
Started: HorisM, 25 Jan 2024 16:59
Last post: HorisM, 25 Jan 2024 16:59
25-Jan-24 16:40:59 154.00 45,000 Buy* 153.20 154.00 69.30k O
Started: HorisM, 25 Jan 2024 11:21
Last post: HorisM, 25 Jan 2024 11:21
Frontier Developments will host a new monthly showcase beginning next week, on 31st January at 6pm UK time, with updates on the what's next from the company.
Frontier Unlocked, as the showcase will be known, will look ahead at the coming year for the studio - so expect to hear more about Warhammer 40K: Chaos Gate - Daemonhunters' console edition, and what may be on the horizon for Elite Dangerous.
Also expecting to hear of an all-new project.
Frontier said at the end of last year that it would refocus on its sim game genre bread and butter after low sales of its Warhammer real-time strategy title Age of Sigmar: Realms of Ruin.
Frontier said it had three upcoming simulation games scheduled for launch over the next three financial years, and was committed to continuing to support Elite Dangerous.
Source:
https://www.eurogamer.net/frontier-developer-showcase-announced-for-next-week
Started: HorisM, 25 Jan 2024 10:30
Last post: HorisM, 25 Jan 2024 11:07
In fact, considering the Gamesworkshop contracts, and the company IP, i think we could see this as a takeover target while the price is here, in which case we will be looking at over £240m or 600 per share.
Consolidation of staff complete.
and with the new gamesworkshop TV shows coming to Amazon, i would expect announcement of new games....
Encouraging update and first time in a while they've come inline with expectations, should settle some nerves. 20% cost reduction is significant, clearly they're slashing headcount which will stem cash outflow. With all the focus on underperformance of F1 manager and Warhammer titles good to see the back catalogue is still steady chugging away earning revenue.
Can only be on the positive outlook
Market thinks different...we r up 2%
Horrendous results as looks like they would burn through cash balance in 6 months or so at this rate.
Today could be the day for this to move up
Started: darrenp, 17 Jan 2024 08:56
Last post: Amers, 17 Jan 2024 09:28
I wonder if there is a bid around the corner??
Funny old market, probably the worst rns on the board today. Business looking very shakey, yet up 5% when others releasing good news are down. I guess the market expected results to be even worse
Started: AAAA1111, 27 Dec 2023 20:14
Last post: AAAA1111, 27 Dec 2023 20:14
The 16:35 daily sale was today 52,261 shares. An all-time high if I remember correctly. Is anyone tracking this to project when Swedbank and Invesco's divestment will complete?
Started: AAAA1111, 23 Dec 2023 13:38
Last post: AAAA1111, 23 Dec 2023 13:38
TinyBuild CEO underwrites capital raise
https://www.investorschronicle.co.uk/news/2023/12/21/companies-roundup-globaldata-shares-tinybuild-s-radical-fund-raise/
TinyBuild’s radical fund raise
Banks and other financial institutions often underwrite equiĵty raises so to give a guarantee to others taking part in the issue the whole transaction won’t fall apart. TinyBuild (TBLD) has gone for a more radical approach.
The video game developer has seen its balance sheet and market capitalisation crumble this year, with its share price falling 96 per cent. To keep operating it has announced a $10mn (£7.9mn) raise, almost double the current market cap, fully underwritten by chief executive Alex Nichiporchik. This is the same chief executive who sold £55.8mn in shares in the 2021 IPO. Shareholders may be more focused on the massive dilution and complete wipe-out compared to the IPO price of 169p a share.
Those same investors will have to support Nichiporchik taking up to a 59 per cent stake in the company through the raise, which will also dilute their holdings significantly. Atari is also putting $2mn into TinyBuild. The company, or its Nomad Berenberg, flagged the realities of the arrangement. “The ownership levels of the CEO may have the effect of delaying, deferring or preventing a change of control, merger, consolidation, takeover or other business combination or discouraging a potential acquirer from making a tender offer or otherwise attempting to obtain control of the company, which in turn could harm the trading price of the shares,” TinyBuild said. AH
Started: shamI89, 12 Dec 2023 10:26
Last post: AAAA1111, 18 Dec 2023 14:38
Any propective new investor sees the cause of those years of failure isn't lack of investment but lack of management. So he would not ask those responsible for commitment to stay, but commitment to leave. Remember this conversation was probably already had with incumbent investors Swedbank and Invesco. Management stayed, investors left and soon so did 80% of company value. Any new investor would foresee that the remaining investors who have already lost a pile at the hands of David Braben, Johnny Watts etc. would quit in despair and tank the new invetment share value if the announcement of this dilutive cash rescue came from the same clowns.
Again I could have been clearer in what I said. I wasn’t talking about insider trading. AFAIK they are not in a closed-period (big news closes trading for insiders) so any trading is unlikely to be seen as insider.
What I meant was, that there could have been a deal set up between Tencent and/or II’s and the Board of Frontier to survive the past 3 years of failures with new investment and that it requires a commitment from the board. This usually means an investment from directors, hence the buying on the 13th. It’s the sort of thing Private Equity does to ensure a commitment. Although I would expect the sums invested by the CEO and CFO to be larger. So I’m probably wrong about it anyway. They’ve only invested pocket-money. Just seems odd they all do it on the same day. I hope that clears up what I was saying.
If it turns out their next CMS game is F1whatever, the SP might be sub £1. DYOR.
We are talking about the directors that purchased and Mitchell did not.
Braben's stake did not prevent the last cash raise in same circumstances so should not prevent the next.
Current cash might suffice if the next game is on time and profitable, but since the last game was both very late and very loss-making, proceeding now without extra cash would be reckless in the extreme. Cash raise is needed ASAP because its cap is already down to £16m and further drop with the share price would render it insufficient to fund akother game.
Yank, to be fair if you look at the last annual report David Mitchell waived his non-exec fee. I don't think he is worried about losing a job which paid zilch last year. His wife is doing the buying in any case and in decent chunks so it shows a degree of confidence that there is value here.
We 've all seen examples of companies where the execs make token buys of a months' salary or so to prop up the price, but six figure buys are real money so more meaningful.
I'm still on the fence here owing to doubts about management, or more pertinently the culture that allows obviously dull games to be released. Are they all too nice to criticise anyone/anything?
DB's stake makes it unlikely that we will see either a takeover or a cash raise IMO, so it's all about the next game really. I expect they have enough cash runway to get that away, but it needs to be successful.
OK, so you're says these directors found out there was a cash investment incoming, didn't tell the market, and instead personally purchased shares.
Illegal insider dealing plus concealment of price-sensitive information. A new investor might want director skin in game, but director skin in jail is not a good look.
No, I'll stick with the obvious explanation. Directors purchased in attempt to support the share price, recognising that the faster it falls, the sooner they'll be out of their jobs.
Started: AAAA1111, 12 Dec 2023 22:00
Last post: AAAA1111, 12 Dec 2023 22:00
"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.
Started: solomonkane, 12 Dec 2023 10:52
Last post: Orange33, 12 Dec 2023 15:19
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
Started: HorisM, 11 Dec 2023 14:10
Last post: Si_Derman, 12 Dec 2023 10:23
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.
Ow dear... Horis, you still here?
I do apologise to any long time holders. Any stick is not directed at you but to these idiots trying to keep you in.
Not really but it's only took 1 day to blow your dream out the water.
You are looking at things in too small a time scale.
A punt.
Started: HorisM, 11 Dec 2023 14:40
Last post: HorisM, 11 Dec 2023 14:40
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
Started: AAAA1111, 7 Dec 2023 00:25
Last post: AAAA1111, 8 Dec 2023 18:10
> 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.
Last post: bassman72, 6 Dec 2023 14:27
... 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"!