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FDEV just dropped the F1 Manager PC price by 15-25%. Should lift sales slightly, more importantly lift the cripplingly bad review score because it raises the perceived value for money. If FDEV heed the many players which rate game as worth around £20 and drop it to that, could make some dent in the big F1 project deficit.
Unfortunately
What really is the current share price? Google says 300, this site says 325, the LSE site says both - figure v. graph - and the actual list of trades shows both very near last market close.
Which is the broker that pencilled in 2025 before they go back into profit? What I'm reading is talk of 18% earnings drop per year for next 3yrs. That means loss not profit, unless the CEO reverses on his plan to expand staffing.
What is happening is bad news and no good news. People were probably hoping for FD to announce the next game at annual event Gamescom last week, but that didn't happen.
Https://twitter.com/F1Manager/status/1694630681383411736
Hopefully the delay is to fix some of many bugs.
The theory that they are releasing crap cos "they are deliberately driving down the equity value so it can be taken private for a pittance". Not likely, given much better ways of them destroying share value like restating the dodgy accounts around the last auditor resignation or fessing up to the humongous losses they're hiding on the asset register. Better because both would leave the game brand value mostly intact.
No, my theory is they are trying to make the best games they can. And they are succeeding. The only problem is their best is now fit for sale only at a price much lower than can cover costs, and they can't face this truth.
Jan 2023 headcount 845 and "We expect to continue to grow our team in FY23 and beyond" (last interim results). This is likely a factor ln the recent analyst talk of need to raise capital.
But which genre did those people think this game is? Frontier are advertising an RTS but showing a lightweight console-style tactics game - which typically is priced around £20 or less.
https://steamcommunity.com/app/1844380/discussions/0/3816291531967827135/
60$?
played the beta, and this is not a RTS, not even a moba, its a tower defence basically, u get the capture point, put a turret or upgrade on it, and stand there, its nothing like DOW2 and def not worth 60 maybe 20
There's no market for strategy games on consoles. The entirety of the market is on PC. And by making a half assed console game on PC, they wont get neither the pc audience nor the non existing console one
This game looks like simplified Dawn of War 2. It would be fine if it weren't priced $60.
And insane pricing. £50 to £65. This is going to be an epic fail. What we saw in the beta test was so shallow it cannot honestly be called an RTS game. Frontier has again jumped into a game genre and franchise it has no clue about with no understanding of what players want. Steam reviews will rip this to shreds znd leave it for dead in a week.
Not to read too much into the trend following that RNS, but I would not be surprised by 10% SP drop when everyone else sees the news on Monday. And we can expect another fund TR1 within days.