Frontier Developments Share Discussion Threads

[mark4231] 15/8/2018 14:49

We're definitely caught up with the Tencent news/results, unreasonably I think. No idea if there is manipulation going on although I wouldn't dispute endion's theory.

I've bought a few more this afternoon, never thought I would see this price again. The games are selling well (see recent RNS), the company is solid and making money - the only question at the moment is what is the next franchise but that will be answered in time.

[nimbo1] 15/8/2018 14:39

the only thing i know for sure is its not going to 0...

[alotto] 15/8/2018 14:38

Did I catch a falling knife?

[hawaly] 15/8/2018 14:30

Currently meditating endion....... finding my inner, more passive self.

[endion] 15/8/2018 14:28

I think there is also some share price manipulation going on. Czeck pointed out a previous short convo, and its quite on point. Look at the last half hour of trading, the flurry of small simultainious trades, confusing the bid and ask and then throwing in a lower trade to force the share price down.

I wouldnt be suprised if hawaly was working for whoever is shorting this.

[nimbo1] 15/8/2018 14:25

this is caught up in the tencent results, unfortunately

[hawaly] 15/8/2018 14:14

This really is deja vu

Google confirmation bias while you're there (perhaps?)(more passive endion).

[czeck] 15/8/2018 14:06

I recall a little conversation a while back (posts 3035 & 3036)

Bizzare number of small trades this afternoon. Anyone have any ideas to explain it? Never seen anything like it.



It's called 'painting the tape'.

An eod and/or eow phenomenon. Google it!


Is this what is happening here today again?

[endion] 15/8/2018 13:56

Can I make a believer of you yet bamboo? I know you are an experienced trader, have you never come across manipulation on aim before? I know that I have, across at least 2 other shares I own on aim. I would prefer it not to be, however from watching the trading behaviour closely for most of this downtrend I am fairly convinced.

People should have a look at trading since 11.30. There are mutliple trades going through simultainiously, throughout the day since then. Which in of itself is unusual for such an illiquid stock. Then the bid and ask price are fluctuating and replacing eachother within a seconds notice on the back of single trades. There are three trades at £10 for some reason at 11.41. Later on there is a sell of 1347 shares @976p at 13.38.59. Where as previously the bid had been 984p. Again, later on, there is another sell of 1k plus shares @973p, but then the bid rises afterwards.

None of this makes any sense.

[bamboo2] 15/8/2018 13:44

Not much help I know, but similar price action occurred recently at WAND. The price there has now undergone a reversal. A reversal will happen here at some point.

Like hpcg and some others, I prefer not to believe the manipulation theories, but having looked quite v closely at some of the reported trades, and the timing involved, I'm not so sure.

[czeck] 15/8/2018 12:35

seems ADvfn changes the letters 'tt' to 'xx' for the IP address.

[czeck] 15/8/2018 12:34

Sorry work for me- try hxxps://stockflare.com/stock/FDEV.L

[compnews1] 15/8/2018 12:13

Hi Czeck, thanks for sharing but when copy the link you gave, there was a warning virus (4 found) and the message said download free. Oh dear, what is going on. Just let readers know. Anyone experience the same prob.?

[endion] 15/8/2018 11:43

Also, looking at the trades, the declared buys vs sells are very confused. There are a fair few buys reported as sells, one at least confirmed by a member above. Very little comparative volume is being traded at the moment, and even the current dips are not being driven by very heavy selling, even though it may look like it.

Thanks for the info czeck. Its certainly an interesting theory.

[czeck] 15/8/2018 11:35

DEFINITION of 'Multiple Compression':
Multiple compression is the effect that arises when a stock sees its earnings increase, but the stock price doesn't move up (or even goes down). The result is that the given multiple (P/E ratio) is reduced even though nothing is fundamentally wrong with the company. Compression of a company's multiple can be interpreted as the valuation being called into question.

[czeck] 15/8/2018 11:33

hxxps://stockflare.com/stock/FDEV.L
Frontier Developments PLC's forecast earnings moved 0.0% over the last week, but the price is -10.1%. It's PE ratio is now 171x earnings.

[mark4231] 15/8/2018 11:32

I agree with both of your last two posts endion.

I'm holding tight (said that around £15 too I think!) as the fundamentals here support a much higher share price as far as I'm concerned. I tend to long term hold and try and ignore the gyrations although of course, with hindsight, annoyed with myself for not selling at £18.

[alotto] 15/8/2018 11:30

At this price, how is FDEV valued in the gaming industry, considering a P/E of around 45 now? Will a recovery of the share price to the peak value increase the P/E value considerably, compared to its peers?

[endion] 15/8/2018 11:23

?

Oh wait, i forgot, you were the passive aggressive "confirmation bias" poster. Welcome back now the share price has dipped again. Funny you turn up again now.

[hawaly] 15/8/2018 11:19

siiighhhh........ endion.

[endion] 15/8/2018 11:16

I think we would all be appreciative of some news from the board considering it has fallen £9 now from the peak without any clear justification.

I still hope this might be the W forming, with the second dip lower than the first.

Whilst it urks me to see less profits and/or paper loss on shares, when H1 results are shown for JWE sales this share price will recover to well above where it is now. Just needs a lot of patience.

[nimbo1] 15/8/2018 11:08

It’s hard to know if the news will have any impact on fdev at all. I just don’t know but clearly its trashed sentiment on top of the already large falls and it’s not yet found support. Perhaps the placing price from last year will offer support where Brabben sold some stock. I would expect to hear from the board on whether the China news is significant or not because price is reacting to it so we neeed to be informed of their view.

[czeck] 15/8/2018 10:19

Good entry points were highlighted at 16, 14, 12, 10... I left for KWS a while back now and was looking to re-enter but this share price must be the biggest loser of AIM over the past few months.

[nurdin] 15/8/2018 10:07

I would have thought that a good entry point here is now...

[p1nkfish] 15/8/2018 10:02

Some cycling out of growth is also at play here imho.
Preparations for a cycle change and into more defensive sectors.
It will through up some decent entry prices in good companies, like FDEV.