Frontier Developments Share Discussion Threads

[hammergaumet] 30/5/2023 16:30

Why on earth would they do a placing they have large net cash and zero debt

[sos100] 30/5/2023 10:28

strange seeing this go down the other day..

[northwards] 30/5/2023 10:25

Quite the rebound here.

[bat5hit] 30/5/2023 08:25

Interesting to note the M&A side of things. Perhaps FDEV are looking to get a new parent company...

[danmart2] 26/5/2023 11:33

Share price has come well to sustain at these levels, company still looks over priced considering lack of new exciting games coming through

[p1nkfish] 26/5/2023 09:23

Games companies that don't adapt will have problems. Adaption can take many forms and the whole media side is melding into one.

What will FDEV do?

[nimbo1] 26/5/2023 08:57

Games companies no longer have a decent moat - especially when they struggle to make decent games. Embracer group results were dreadful. They will remain 'cheap' most likely.

[sbb1x] 26/5/2023 08:09

I would guess placing

[mortal1ty] 26/5/2023 07:55

42m net cash. FCF neutral this year. You guys are crazy. One of the strongest balance sheets around.

[mortal1ty] 26/5/2023 07:52

Lol. How often do companies change brokers? Alot. Never a sign that a placing is coming.

[scepticalinvestor] 26/5/2023 07:06

Or rather ahoy!!

[scepticalinvestor] 26/5/2023 07:06

Change of Broker? Oh oh, placing ahpy!

[mortal1ty] 26/5/2023 06:40

The average FCF of the 10 analysts that cover that stock for this year is -800k (in what hopefully is a trough year). I think the professionals would be roughly accurate (ignoring the potential for further negative trading updates).

[mortal1ty] 26/5/2023 06:31

Yanks. In H1 the business made about 3.9m in cash. If we add back the 9m acquisition, that is a 12.9m increase in cash.

If we strip out the 9m benefit from the change in net working capital (one off in nsture) that is about 4m of net cash generated.

Why do you forecast such a deterioration in cash flow this half? Sales will be a little worse of course.

[jfbonner] 25/5/2023 22:31

And what does “very positive” mean? 😆

[yankhanson] 25/5/2023 22:13

Thanks for the confirmation jfbonner. And for anyone else who doesn't understand the score system, On Steam 83% does not mean "great". It means average.

[jfbonner] 25/5/2023 21:47

Pretty easy to check Steam itself YH!

“Recent Reviews: Very Positive (1,060) - 83% of the 1,060 user reviews in the last 30 days are positive. All Reviews: Very Positive (4,044) - 86% of the 4,044 user reviews for this game are positive.”

[yankhanson] 25/5/2023 21:40

jfbonner, Stranded Alien Dawn is still getting dire Steam reviews too.

"If you're gonna ripoff someone else's idea you should at least improve on it."

And review score is still below that it was on first release.

[yankhanson] 25/5/2023 21:35

mortal1ty, that £42.6m cash was six months ago since which FDEV has spent about £50m, going by last interims. Do the math.

[northwards] 25/5/2023 21:20

Looks like Embracers problems are more deep rooted. Let's see what happens here tomorrow.

[mortal1ty] 25/5/2023 21:14

Okay Yank. 42.6m. I rounded up.

[jfbonner] 25/5/2023 20:58

Alien Stranded Dawn still getting great Steam user reviews.

“Stranded: Alien Dawn review: a survival sim that nails the crashlanding”

[yankhanson] 25/5/2023 20:25

mortal1ty, "company has £50m net-cash". What's your source?? Such a large rise since the last results seems really unlikely, given all the new games since then have flopped, and industry data shows the legacy games sales quite poor.

[liam1om] 25/5/2023 18:45

The company won't require a placing, I refering to a seller possibly closing out

[hamhamham1] 25/5/2023 18:23

Am relaxed, in other news....