RE: Drifting downwards14 Dec 2022 21:04
A little note with this share, and I’m not sure if it’s anything …
David Gammon has left Frontier as Chairman. His replacement David Wilton is now in post. Wilton was Chief Financial Officer of Sumo Group when it got bought out by Tencent for ~$1.3 billion. Wilton, I’m sure, will have played a big role in that sale.
Funny thing is I dabbled in Sumo before Tencent came in and swooped them up and I couldn’t see what the appeal was. Their last big game Hood: Outlaws and Legends, was a flop. However Sackboy: A Big Adventure released October seems to be the pot of gold and has great reviews, although it’s possibly priced too high right now to penetrate the PC market in greater numbers. That could change at Christmas in the sales.
Anyway …
Frontier needs a big new game. It needs a pot of gold. Is Wilton in Frontier to open up possibilities of a sale. Is he there to help build Frontier into a powerhouse.
I got my fingers burnt when this share was too high and the company was in the wrong hands. The company made some **** decisions and I’ll always be fkn angry that they hurt the private shareholders so badly with the plummeting share price. Hopefully they are in better hands now …
I like the idea that Wilton is there to add value …