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Pin to quick picksFrontier Dev Share News (FDEV)

Share Price Information for Frontier Dev (FDEV)

London Stock Exchange
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Share Price: 288.00
Bid: 287.00
Ask: 290.00
Change: -4.50 (-1.54%)
Spread: 3.00 (1.045%)
Open: 291.50
High: 291.50
Low: 282.50
Prev. Close: 292.50
FDEV Live PriceLast checked at -

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AIM WINNERS & LOSERS: Sigma Capital hits record high on takeover deal

Fri, 11th Jun 2021 10:52

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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AIM - WINNERS

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Sigma Capital Group PLC, up 35% at 200.56 pence, 12-month range 84.72p-202p. Hits this 12-month high earlier on Friday, which is also the stock's all-time high. Agrees to be taken over by funds managed by PineBridge Benson Elliot LLP, in a deal worth GBP188.4 million. The build-to-rent housing provider's shareholders will receive 202.1 pence per share in cash, representing a premium of 36% to Sigma's closing price on Thursday. PineBridge Benson Elliot is a pan-European real estate private equity specialist, with USD3.2 billion of managed equity.

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Warpaint London PLC, up 15% at 160.89p, 12-month range 62p-163p. Hits this 12-month high earlier on Friday. The cosmetics firm says trading in year-to-date encouraging, and particularly pleased with UK performance. Says UK sales of its brands for first five months of year up 64% on 2020 and up 18% on 2019, with growth in 27 sales helped by roll-out in Tesco PLC shares. "I am optimistic that these positive trends will continue and with cash today of approximately GBP6.6 million and no debt, I believe we are well placed to deliver profitable future growth," says Chair Clive Garston.

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AIM - LOSERS

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UK SPAC PLC, down 12% at 0.24p, 12-month range 0.21p-1.2p. The cash shell withdraws application for secondary listing on AQSE Growth Market.

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Frontier Developments PLC, down 6.9% at 2,447.71p, 12-month range 1,672p-3,470p. The videogames developer and publisher guides to revenue of GBP130 million to GBP150 million for its 2022 financial year. This "prudently assumes" its F1 2022 management game is released early in the 2023 financial year as opposed to late in the 2022 year. AJ Bell investment director Russ Mould notes that the 2022 financial year revenue consensus figure for Frontier was GBP146 million. "That's partly down to expectations that its F1 management game may be pushed back to the 2023 financial year. Given the disappointment associated with the latest Elite game, it's prudent that Frontier doesn't rush release any more releases," said Mould.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
14 Jun 2023 10:28

Frontier Developments guides revenue fall; to focus on internal titles

(Alliance News) - Frontier Developments PLC on Wednesday said it expects revenue in the financial year that ended May 31 to be lower than the year prior, as it said it will shift away from third-party publishing towards internal titles.

Read more
31 Jan 2023 09:26

LONDON BROKER RATINGS: Barclays cuts Relx; Jefferies raises Team17

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

Read more
19 Jan 2023 15:51

Frontier Developments cheers strong first half

(Sharecast News) - Video games developer and publisher Frontier Developments reported a 16% improvement in revenue in its first half on Thursday, to £57.1m.

Read more
19 Jan 2023 12:27

Frontier Developments shares up on swing to interim profit

(Alliance news) - Frontier Developments PLC on Thursday reported a swing to interim profit and a rise in revenue, as it eyed annual revenue to be no less than GBP100 million.

Read more
12 Jan 2023 15:47

UK earnings, trading statements calendar - next 7 days

Friday 13 January 
DFS Furniture PLCTrading Statement
MJ Gleeson PLCTrading Statement
Taylor Wimpey PLCTrading Statement
Monday 16 January 
Ashmore Group PLCTrading Statement
Hercules Site Services PLCFull Year Results
Knights Group Holdings PLCHalf Year Results
Rio Tinto PLCTrading Statement
Tuesday 17 January 
Alliance Pharma PLCTrading Statement
Card Factory PLCTrading Statement
Crest Nicholson Holdings PLCFull Year Results
Experian PLCTrading Statement
Genel Energy PLCTrading Statement
Hays PLCTrading Statement
Henry Boot PLCTrading Statement
IntegraFin Holdings PLCTrading Statement
Ocado Group PLCTrading Statement
Petra Diamonds LtdTrading Statement
Ramsdens Holdings PLCFull Year Results
Safestore Holdings PLCFull Year Results
THG PLCTrading Statement
Wise PLCTrading Statement
Wednesday 18 January 
Associated British Foods PLCTrading Statement
Burberry Group PLCQ3 Results
Currys PLCTrading Statement
Diploma PLCTrading Statement
Galliford Try Holdings PLCTrading Statement
Gateley Holdings PLCTrading Statement
Ibstock PLCTrading Statement
Kenmare Resources PLCTrading Statement
Liontrust Asset Management PLCTrading Statement
Midwich Group PLCTrading Statement
Pearson PLCTrading Statement
Rathbones Group PLCTrading Statement
Vistry Group PLCTrading Statement
QinetiQ Group PLCTrading Statement
WH Smith PLCTrading Statement
Thursday 19 January 
AJ Bell PLCTrading Statement
Bakkavor Group PLCTrading Statement
BHP Group LtdTrading Statement
boohoo Group PLCTrading Statement
Centamin PLCTrading Statement
Deliveroo PLCTrading Statement
Dunelm Group PLCTrading Statement
Energean PLCTrading Statement
Frontier Developments PLCHalf Year Results
Harbour Energy PLCTrading Statement
Headlam Group PLCTrading Statement
Ilika PLCHalf Year Results
Kier Group PLCTrading Statement
Luceco PLCTrading Statement
Network International Holdings PLCTrading Statement
Premier Foods PLCTrading Statement
Sage Group PLCTrading Statement
Zotefoams PLCTrading Statement
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
11 Jan 2023 13:23

Numis cuts Frontier Developments to 'sell', sees risk of capital raise

(Sharecast News) - Analysts at Numis axed their target price for shares of Frontier Developments from 1,450.0p to 375.0p and downgraded their shares to 'sell', pointing to an assortment of potential headwinds bearing down on the game software developer and its ability to hit its own guidance.

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11 Jan 2023 09:48

LONDON BROKER RATINGS: Citi cuts Frontier Developments; BofA ups Sage

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

Read more
11 Jan 2023 09:33

Berenberg downgrades Frontier Developments to 'hold', slashes target price

(Sharecast News) - Analysts at Berenberg downgraded video game developer Frontier Developments from 'buy' to 'hold' on Wednesday and slashed their target price on the stock from 2,000.0p to 620.0p, stating there was "significant uncertainty" as headwinds continue to grow.

Read more
9 Jan 2023 17:04

LONDON MARKET CLOSE: Stocks up on China positivity, Fed hike hopes

(Alliance News) - Stock prices in London closed broadly higher on Monday as investor sentiment was buoyed by the re-opening of China and hopes that the US Federal Reserve may slow the pace of rate hikes.

Read more
9 Jan 2023 12:03

LONDON MARKET MIDDAY: FTSE 100 slips back after morning leap

(Alliance News) - Some late-morning selling pressure followed the FTSE 100's foray to a near four-and-a-half year high on Monday, as a bullish start to the new year showed signs of fatigue.

Read more
9 Jan 2023 11:27

AIM WINNERS & LOSERS: musicMagpie flies; video game shares fall

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

Read more
9 Jan 2023 10:54

Frontier Developments shares plunge as annual revenue guidance cut

(Alliance News) - Frontier Developments PLC on Monday said it expects a first-half revenue hike, helped by the release of the F1 Manager 2022 racing title and survival game Stranded: Alien Dawn, though it warned on its annual performance.

Read more
9 Jan 2023 09:31

Frontier Developments warns on FY revenue, operating profits

(Sharecast News) - Video games outfit Frontier Developments warned on Monday that it will now fall short of meeting full-year consensus forecasts in 2023.

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9 Jan 2023 08:52

LONDON MARKET OPEN: FTSE 100 hits near four-and-a-half year high

(Alliance News) - London's FTSE 100 reached heights not seen since 2018 in early trade on Monday, as optimism out of China and hope that the US Federal Reserve will slow its pace of rate hikes lifted the mood.

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9 Jan 2023 07:49

LONDON BRIEFING: Astra makes USD1.8 billion buy; Keller hit by fraud

(Alliance News) - London's FTSE 100 was called to start the new week higher, after a strong handover from Asia on Monday and a bullish end to the first week of the year in New York.

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