Frontier Developments Share Discussion Threads

[adamb1978] 14/4/2017 22:47

Hello

Only came across there in the last couple days and it looked (looks?) very interesting. One issue which I've stumbled across recently, and which I haven't come to a conclusion on, is the level of capitalised development costs which are running at just under £5m for 6 months compared to c.£2m amortised through the P&L every 6 months.

Adjusting for this, as well as the share based comp, craters the bottom line. Without this adjustment, I think this looks very attractive; adjusting for this, it looks expensive.

The bull argument would say that as long as the assets being developed are commercialised then this capitalisation isnt a problem. The bear argument is that these are cash costs of running the business and this capitalisation is simply an accounting rule.

I'd welcome any views from people who have thought this through and come to a conclusion either way.

Regards

Adam

[thegaminginvestor] 12/4/2017 19:43

Unfortunately there is not for console. One will have to wait for the company to release numbers for console sales.

[ck1111] 12/4/2017 19:32

Anyone know if there is anything at all like Steamspy which has an estimate of PS4 sales? PS4 ED will be on digital download.

[rivaldo] 11/4/2017 14:00

New Planet Coaster Spring Update released today....

[makw61] 09/4/2017 15:51

I'm sure there would be a number of willing buyers at the current valuation, so the fact it hasn't been sold means that Braben doesn't want to. He seems to very much enjoy what he does in any case.

The fact he has a controlling stake removes any bid premium from the share price and probably holds it back a little in the short term. however, i'm very happy to hold for the long term and see greater value creation that way. Presumably Braben has a significant proportion of his net worth tied up in this company which adds to my confidence that it will be tightly run, without excessive equity dilution or overpriced acquisitions.

GLA

[hastings] 09/4/2017 11:42

No not suggesting it would be a target and Braben isn't interested in selling from what I've learnt.It was more a case of highlighting the prospects/value etc.

[thegaminginvestor] 09/4/2017 11:22

Braben has 51%. Given what he has said in recent interviews, don't think he is a seller.

[astralvision] 09/4/2017 11:04

hastings, are you suggesting that FDEV could also be a take-over target?
An interesting possibility.

[hastings] 06/4/2017 19:41

Interesting to see Cambridge's Jagex numbers.
Shows what time, investment and an a popular game can do.
Also worth remembering that it wasn't long ago that it was acquired for $300m

[rivaldo] 06/4/2017 15:07

Good point, I didn't look at the specific trades and hadn't thought about the date...:o))

[astralvision] 06/4/2017 14:03

Yes, look at the amount, 312.5 by 6400 or so, adds up to around £20K, bed and ISA deals going through for sure.

[phowdo] 06/4/2017 13:56

Looked like Bed and ISAs trades to me...

[rivaldo] 06/4/2017 13:52

Approaching £100,000 of sells today, and not a flicker. Which rather suggests there's a large buyer out there mopping up stock.

[bamboo2] 05/4/2017 16:43

Good close, matches the all-time intraday high on 16/1/17 and is the ath eod close.

It confirms a number of different chart patterns with tp's at 344 [ST bowl] 375 [LT cup] and 385 [measured move up]

[astralvision] 05/4/2017 15:41

great stuff.

[rivaldo] 05/4/2017 15:37

New highs now.

[astralvision] 04/4/2017 16:04

bang on 312.5p again, make or break?

[phowdo] 04/4/2017 13:13

Could do with volume picking up too.

[astralvision] 04/4/2017 13:08

Highest closing share price was 312.5p on 12/01/17, so very very close to breaking north of that.

[astralvision] 04/4/2017 12:09

Close to chart break-out

[makw61] 03/4/2017 14:56

Agreed, i always take particular comfort from the finance guy stumping up his own money. Perhaps he's been playing that game they're making also?

[rivaldo] 03/4/2017 14:43

Good to see the new CFO buying £44,000 of shares last week - that's a decent commitment for a CFO in the open market.

[bamboo2] 03/4/2017 14:28

Board Appointment and Director Dealings

Further to its announcement on 21 October 2016, Frontier Developments plc (FTSE AIM: FDEV), a leading developer of video games based in Cambridge, UK, confirms the appointment of Alex Bevis to the Board of Directors as Chief Financial Officer and Company Secretary, effective today.

There have been no changes to the information disclosed pursuant to Schedule 2, paragraph (g) of the AIM Rules for Companies and AIM Rule 17 save for the fact that Alex now owns 15,000 shares, having purchased them at an average price of 292.22 pence between 29-31 March.

[astralvision] 03/4/2017 13:59

Break through 300p looking on the cards?