Member Info for Faulkes

Have noticed a lot of £10k’s worth going through for a while. Would be interesting to see a name attached to those.

Couldn’t have happened to a nicer guy

I don’t understand why they think it’s fine to mess up launch after launch. The launch is the most importantly time in a games’ life! Get that right and the good vibes carry the game and sell it. Mess that up and you can’t give the game away.

Great things were expected for Frontier when Elite was still a thing with a pot of gold at the end of the rainbow. Sadly that rainbow got shattered. Now what is left for them?

Bad release after bad release.

When a leader steps down at a bad stage in a companies’ life, and is replaced by an existing ‘lifer’, be very wary. Nothing has changed.

Would be lovely to be proved wrong.

And Patrick earnt himself a £200 million divi?

Upped his percentage of BT recently. I’m going to forget I have these shares for a couple of years. See where Patrick takes things.

No mention of Patrick Drahi increasing his stake? Any thoughts?

I’m in here as of now. I think Patrick knows this will be a big hit once fibre is complete. I’m with Patrick.

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.

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.

Does anyone know how many jobs were cut?

I’ve seen a few people on Twitter posting about needing a new job since they got axed. I just wonder if the management did it sufficiently to cover the bills this year.

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.

My share isa is held with Lloyds though which is why I want access through there. I contacted Lloyds previously asking why I couldn’t get access to TBLD but got no reply.

This share (DEVO) and TBLD are both unavailable on the Lloyds banking app, does anyone know what needs to be done to be able to trade in these?

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.

No you misunderstand what I was saying. This:

“Possibly a sign of commitment from the other directors”

Is not meant for us. I meant to Tencent or the II’s. Sometimes large investors like to see the directors put some skin in the game. Although I’d like to see much larger sums if this were the case.

DYOR - take this figures with a pinch of salt because they may not be correct.

In 2018 they bought 5 lots of shares totalling 120,044. This had an average price of £10.73. Cost £1,288,330. Now worth ~£151,015. Ouch.

On 13 dec they bought 82,000 shares, bringing their average down to £6.84.

On 14 dec they bought 145,000 shares, bringing their average down to £4.46.

Being so distant from Frontier they must be as p’d off as the rest of the investors. But why this sudden investment. Plus the minor buys from the other directors. Possibly a sign of commitment from the other directors? Possibly another cash investment from Tencent incoming? If so, a dilution for current holders. A rights issue? Something brewing? Maybe long term strategy has been etched?

The 14th Dec RNS Director Dealings is interesting. Especially the amount of money the wife of a non-exec has invested.

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.