Share Name Share Symbol Market Type Share ISIN Share Description
Frontier Dev LSE:FDEV London Ordinary Share GB00BBT32N39 ORD 0.5P
  Price Change % Change Share Price Shares Traded Last Trade
  +47.00p +4.91% 1,005.00p 180,140 16:29:54
Bid Price Offer Price High Price Low Price Open Price
1,005.00p 1,010.00p 1,035.00p 968.00p 972.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 37.36 7.81 22.70 44.3 389.3

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Date Time Title Posts
16/8/201813:25Frontier Developments - Elite gaming.....3,215

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Frontier Dev Daily Update: Frontier Dev is listed in the Software & Computer Services sector of the London Stock Exchange with ticker FDEV. The last closing price for Frontier Dev was 958p.
Frontier Dev has a 4 week average price of 944p and a 12 week average price of 944p.
The 1 year high share price is 1,880p while the 1 year low share price is currently 700p.
There are currently 38,741,068 shares in issue and the average daily traded volume is 95,957 shares. The market capitalisation of Frontier Dev is £389,347,733.40.
mark4231: rar100, we have had positive RNS after positive RNS but the share price still fell so I wouldn't dare predict the share price after the results (other than no way is it going to zero or anything close to it, this is a solid company making profits). I topped up yesterday, in anticipation of a significant rise over the next few months, but we will have to wait to see and what actually happens. Up until now the company has made a major game release every two years or so, hence the FY2018 results won't incorporate a major game release. Going forward they plan to have a major game release every year - the sooner the market understands this and the (positive) impact on revenues the sooner FDEV's share price hopefully becomes less volatile and more based on expected future revenues.
dsct: Thanks for your reply @endion (and I believe it's your website I've bookmarked for further reading - Would it be possible to use your website as your post's signature - maybe not all, but those going into more detail i.e. the recent one questioned by @michaeljames1 with regards to figures). I was unable to finish my DYOR this weekend, so no buy from me (yet). There's an informative Investor Presentation on FDEV website, which I need to look through again, and may get time to read the AR tonight. BTW, I couldn't find an Investors Diary section on their website. I have checked the shorting on FDEV, just to make sure it wasn't a huge amount, and see BennBridge reduced their 0.65% to 0.29% last week - they must have some thoughts for reducing by over half, or possibly just profit-takign. @endion, you mentioned the reduced revenue and margin for 2018, which if reported incorrectly, as you say could spook investors - "FDEV revenue and margins plummet" is a better headline for reporters than "FDEV revenue and margins fall, as expected". Poor reporting (about divi 'reducing') also temporarily hit the share price of another of my investments recently - Can't recall without reading back, which one though ! lol. I think the VR is a minor aspect at present, until the hardware improves. I wonder how much more work is involved in making a game VR-able. Which brings me to the share price and another drop today. I'm now toying with the idea of making an initial purchase, then another on 5th Sept., either on a rising SP, or taking advantage of a fallback. Although I'm thinking of a medium term (years) holding, I'd still prefer to get in as cheap as possible ! lol I showed a youngster the graphics from my ZX Spectrum Elite game, and they were amazed, but not in the same way I was, all those many years ago ! lol Sorry for the epic post ! Yes @enlion, I'm still in BOO. My largest holding (core purchase at <34p), and I had a 7-week trade (April-June) from 154p to 200p recently, which was a bonus.
endion: Once again the delayed large buys all add up to circa 60k shares, the same amount as bennbridges increase in short position. To put this in perspective the two deferred trades that seemed to cripple the share price yesterday were 16k each, totalling half of bennbridges extra short. Seeing how exaggerated share price movements can be on this stock due to a small free float, i wouldnt be suprised if they were the main reason for this share price movement. Obviously other sellers were in the mix, but selling 60k shares each day will have a large impact on this share price. DYOR.
shanklin: Given the extent of the share price drop, FDEV really should be updating the market that they have no knowledge of the reason for the share price drop. Were it a placing to fund an acquisition conceived when the share price was a lot higher, they really should be considering pulling out of the acquisition or paying for it with cash plus debt.
endion: It's a good strategy to make it look like to share price is going nowhere far. For example, if you said that the 24 hour period where the share price was logged for the day was around 11am, the share price would look like it was rising in quite a healthy way, with dips during the day before a rise back up to close. Instead what we see, and what the seller is trying to manipulate for psychological reasons, is a rise in the day and a fall towards the end, thus having the marked share price going from low to low, rather than high to high. Having people think the share price is going down, up, down is better if you want to keep it low, than if people think it goes up, down, up. In reality it's the same thing. But psychology plays heavily on stocks and traders know this.
gokarna97: Endion - regarding the share price slide, so you think there is anything going on in the background related to the short position that Bennbridge Ltd took on 30th May when the share price was around £18? They clearly haven't cashed in yet. More generally, I'm totally convinced regarding FDEV's growth potential and agree with the excellent analysis deon on the thread related to projected sales. I understand why Frontier are holding back news of the new Franchise, but it's a fine balance on timing with share price sensitive information. Anyhow, still in for long haul, would just like a more relaxing week next week!
endion: Each unit costs a lowest amount of £44.99. The deluxe edition cost £49.99 and has been outselling the standard in console sales, however to be conservative for this calculation we shall use the basic low price rounded up to £45. Total Revenue on 4m units: £45 x 4,000,000 = £180,000,000 Minus Steam/Platform commission of 30% = £126,000,000 Minus Universal commission 10% = £113,400,000 Income after tax (20%) = £90,720,000 Total Income before development/company costs = £90,270,000 Development costs for JWE were stated to be 11m, this will come out of 2018 financial year, so the development costs to deduct from this will be those of the fourth franchise (as yet unannounced). But let's assume it's the same at 11m. £90,720,000 – £11,000,000 = £79,720,000 Minus company costs of £30,000,000 based on previous years: £79,720,000 – 30,000,000 = £49,720,000 Total Profit : £49,720,000 This number discounts any income from Planet Coaster and Elite, along with any future DLC for JWE. Earnings Per Share £49,720,000 / 38,660,000 (shares) = £1.286 Per Earnings Ratio Current Share Price: £14.45 14.45 / 1.286 = 11.236 This is far lower than the current P/E ratio of 64.06. Using 64.06 to calculate future share price we get: 1.286 x 64.06 = £82.38 According to this calculation we would get to a share price of £82.38. (570% Growth). A lower P/E ratio of 40 would get a share price of £51.44. (355% Growth). DYOR
mark4231: I agree nimbo, I'm glad I'm not the only one exited! I really didn't expect the pre-order to be on page 1 of the top seller list until maybe the week before release. Instead, it has consistently been there for the last week now and we still have just under 5 weeks to go to release. The response on social media etc has been great and I'm sure there is still a lot more for FDEV to reveal in the coming weeks building up the hype even more. I think it's going to do way better than Planet Coaster (that did just fine) and in addition JWE is available on PS4 and Xbox One too. Plus, we've got the announcement of the next franchise still to come too of course. From what I recall the FDEV share price was pretty flat up to the release of Planet Coaster and then took off about 2 weeks after release - it seems to have started earlier this time around. I'm also looking forward to playing the game. It's not my sort of thing really but it looks like loads of fun.
mark4231: It doesn't take much for the FDEV share price to move up or down significantly. I assume the buying today is in anticipation of the flood of news expected a week from today regarding JWE.
culford: PC is having a Steam good winter sale, consistently in the top 5 and often 2nd as now. This is the biggest period of volume sales in the year and to be in this position whilst only discounted by 15% (most games are 33%-67% discounted) is very encouraging. PC is starting its 6th week of full release and it has probably sold 1/2 million games already. Frontier's previous game in this genre, RCT3, sold >10m units. The market is now much bigger and with such a positive reception (reviews >90% positive), it would be surprising if PC did not follow suit. There will also be paid for DLCs to follow as this game is developed over the next 5 or so years. If one took this franchise on its own and assumed, with DLCs, that it generates £30 each over 10m purchasers (core game's price will probably reduce to c£15 in due course), then that is £300m gross, or c£150m net after VAT and distribution costs. That is 50% more than the market value of FDEV, which also has Elite Dangerous (perhaps of similar value over a longer period), £10m in cash, an experienced management team and skilled workforce, the unique Cobra software and many more games to come!! In other words, PC on its own probably warrants a FDEV share price of 450p and the other assets the same again. Not sure what Bamboo thinks of chart now, but this has plenty more upside in 2017 if underlying value is now c900p.
Frontier Dev share price data is direct from the London Stock Exchange
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