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Interesting that yesterday there was no after hour buys from our 'shorter' ...a change of tactics maybe!

Now these are just my options and are not to be taken as investing/trading advice

I'm not sure if 1100 is a support level or not,
1. it's to much a round number. and
2. 1090 (a possible support) does seem to have two indicators via the technical's, ie the support level from March this year and a rising trend line taken from the support levels from last Oct-Nov

Anyway :) personally I'm still holding, because I think the SP will be heading back up soon enough, driven up more on the news on the new games that they are working on than anything else. They mentioned 2 possible new games in last Septembers 17 results, and have mentioned them again at least one more time in a recent RSN (RSN-R)

I also feel that the next set of results will be okay, (but with in) the next results I'm hoping they will announce at least one if not two new games they are working on, also an update on sales of the 3 games they have already released plus an update on their tie in with Tencent (China).

PS. Unfortunately the SP seems to driven to much on speculation, something you would expect with the likes of EVRH and not with a company that has proven growth over the past few years, go figure!

Okay okay :) yes long term it's a good investment

Short term ... well my opinion is the weakness in the SP is Finncap every day the SP is up and down 3-4% allowing them to make money on day trades

I'll also add the bod need to focus on promoting the company 'Frontier Developments' as a whole, rather than just working on producing games and the next game and the next... (hard to explain) ........

Maybe this vid from Keywords might explain where the bod of Frontier Developments might be missing out on opportunities, I'm not saying they should join KWS, you just have to listen why other gaming related companies joined keyWords https://www.youtube.com/watch?v=1XpldYCXNyA

I did a check this morning via HSBC and the prices were as advertised (but I never checked a large order only 100 share order)

I was considering buying back in today, but now thinking the 1060 support failed, i do see a lower support level, but this constant day trading plus the skim off the top from fincap I'm beginning to wonder if that might fail to!

Sorry I meant to add ... I'm a little confused because just over a week ago BennBridge reduced their short, and the SP maybe went up a little for a day .... so you have to ask, is Finncap and it's spread on all trades one of the main factors in forcing the SP down

Hi Endion ....I can remember when I was interested in 'Quant' maths, part of a little research into day trading (not my thing) I was just interested to see the mechanics of it

Well, (it was at this point I gave up) I always remember this youtube vid https://www.youtube.com/watch?v=kFQJNeQDDHA&t=1626s (you can skip to 22 minutes to the part I found very interesting)

Anyway I like to test I theory or two now and then, so yesterday I decided to sell 1k of shares ...what I found interesting was HSBC Invest direct push the sell order though @ 1130 and I see Finncap published it as a sell @ 1140

Now I have to decide if my broker is overcharging (they normally do not) or is Fincap publishing fake data, or taking a larger spread (cut) on certain orders

I also think you have to figure out who the winners and losers are (or have been over the past 6 weeks)

Before I go to far I still think the current fair value of the SP is somewhere between 1300-1400

So the winners so far are BennBridge https://beta.companieshouse.gov.uk/company/10471141/persons-with-significant-control and who ever is handling the SP (Finncap) they make money on volume and volume has been pretty good since mid May, and that includes day trading and those 'after hour' (closed door) trades

As for those pesky 'day time' small trades .... my guess is either they are the small reward or loss on split second larger day trades, or BenBridge has discovered that if they keep pounding the the SP with as many trades as they can the SP simply breaks. (it has to recalculate it's value on every trade and if someone is messing with the spread then of course the value will change)

Another possible ...I'm also guessing the 'shorter' is trying to put 'fear' (or confusion) into the SP ... they are trying to get investors to sell (by choice rather than stop loss) since it seems most of the stop losses have been used up. Remember Shorters will use every trick in the book to drag the SP down

It's complicated,

I think there are a few questions that need an answer .... Why did FDEV sign up a joint broker in August 2017? Were they unhappy with Finncap and as of now which of these two brokers are are advising Frontier on the SP, and it seems strange that Finncap is the only broker mentioned here http://tools.morningstar.co.uk/uk/stockreport/default.aspx?tab=6&vw=ad&SecurityToken=0P0000Z4JZ%5D3%5D0%5DE0WWE%24%24ALL&Id=0P0000Z4JZ&ClientFund=0&CurrencyId=BAS

Quote from https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/FDEV/13329774.html

"Frontier Developments plc (AIM: FDEV, "Frontier"), a leading independent creator and publisher of video games, is pleased to announce the appointment of Liberum Capital Limited ("Liberum") as its Nominated Adviser and Joint Broker with immediate effect."

Volume stats https://uk.finance.yahoo.com/quote/FDEV.L/history?p=FDEV.L

Very little volume compared to the last month or so and the SP simply drops ... but hey, the number of trades (448) made today seems on average, so not much has changed there

It's Fincap and their spread .... they seem to think increasing the spread early each day is protecting the SP, but it's throwing up fake SP levels ... (that small sell was more a test to see if any stop losses were in place)

The spread is currently at 10p, just low enough (IMOP) for BenBridge to start pumping and dumping the share price...

Okay thanks

Looks like another day of shorting, my guess the SP might reach 1200 then it will get worn down by those pesky A trades

Still hoping that 1160 support holds!

Hi Endion, do you know when those HI results will be published, I'm seeing sometime late September

Seems we are getting back to normal with the daily dump and after hours pump trading!

I think they were probably not allowed to close their short in one go, but I guess they will close soon

For now, I'm just hoping the 11.60 holds as support, my personal opinion is the SP should be around 13.00-14.00. If the SP hangs around the 11.60 level my guess would be they are trying to get larger investors on board

All that can be done now is wait and see

According to https://shorttracker.co.uk/daily/20180719/ last Thursday BennBridge reduced their short by .36% their new short position is now .29% (they are now flying under the radar( ....still not sure why so many Automated trades

433,588 shares (£5m+) in one trade were brought in the after hour trading yesterday .... maybe our shorter has finally left the building

Now looks like FinnCap has the next few days/weeks to re balance the books (hence the large spread on the SP)

A good report Endion :)

My thoughts are ... well... to many to add here :)

But just an idea, maybe take a look at the 5 year chart, there appears to be a good support level around the 1160 level, lets hope the rebound happens soon

Maybe ....

Long term things look good :) short term 'maybe' not so, I just wondering where the bottom is going to end up, you can look at the charts and see possible lower support levels, and I'm amazed after another RSN-R another big drop in the SP, it's a tough one to figure out what is going on

Just an observation, seems that the 'A' trades are being processed at a disadvantaged rate compared to the 'O' trades going though.... (Maybe, finally they might be doing something about all those 'shorters' automated buy/sells)

I also guess that we will also see more of those after hours large buys at the end of the day!

Hi, on the daily page on https://shorttracker.co.uk/daily/20180711/ I usually take a peek on the 'daily' page now and then just to get an idea what the shorters are up to overall ... and it was on the daily positions I spotted a slight reduction but next day (looking back) it was no longer there

What I have been paying attention to is the after hour trading ...trades going though after 4.30pm and the daily volumes, yesterday very very high volume and some very big after hour trading... 'maybe' today the SP may open at a new low with a close higher (a green day) How low it might go depends on how many stop losses there are around the 1300 level

BTW I did read your article a few days ago, it was good observations and a good read :)