RE: Frontier own broker issues downgrade8 Dec 2023 15:06
Maybe next year, I had 108 as a bounce target but its got down here quick & still got a few negative pieces of news to comes, imo. This could trade well below its asset value.
Forever aging portfolio,
Possible capital raise coming for new titles,
Possible and likely F1M being discontinued (could be classed as positive though),
Interim and full financial results are going to be horrendous however much they try to dress them up,
&
CEO thinks he's playing FrontierDevelopmentManager.exe
Until a official announcement of a new title & what it'll be is annouced, there's literally nothing but hope and chance to go on here.
Will be good to day trade the bounces but certainly wouldn't leave much in overnight.