Frontier Developments Share Discussion Threads

[phowdo] 11/9/2020 19:10

Was that the one with Giorgio Moroder?

[mad foetus] 11/9/2020 19:06

Phil Oakley very positive about FDEV in the IC podcast today

[adamb1978] 11/9/2020 17:03

Hi PepSiman

Looking at the sales:
- Chairman has sold 60k out of c.350k shares, leaving him with 290k, which is worth over £6m. So I'm happy that he still has skin the game!!

- CFO/Secretary sold all the shares from the options, around £4.7m pre-tax. Its high in value but I guess a lot of CFOs aren't minted like chairmen often might be. I'd had liked to see him selling a bit fewer though I guess he still owns £400k

- 'Chief Creative Officer' has pocketed around £2m, so nets just over £1m post-tax, and still owns around £500k. I'm guessing he might has less in capital than the CFO and arguably he's just cleared his mortgage and got some cash for school fees in the bank.

So overall, I'm not bothered about the Chairman's sale. The other two, well I'd have liked to see them sell slightly fewer but its hard not to think that we'd all de-risk our own lives in a similar position particularly as they probably aren't on high salaries relative to the value of the shares. I don't see it changes my view on FDEV as an investment and happy to continue to run.

Adam

[pepsiman1] 11/9/2020 16:44

Today's 2 RNS.
So share options were exercised, the shares were sold and then bought back to be re-used next time someone exercises options?!

[eelanguilla] 10/9/2020 20:51

Elite is quality ... end of (from an experienced gamers view) . Some/most of the other games will bring more rewarding (financially) dlc content as well as sales revenue. It snowballs from there given a proven track record which we have.

[energeticbacker] 09/9/2020 15:41

The Group has major platform launches for existing titles planned in the current May 2021 financial year and confirmed that it is on track to deliver record revenue of £90m to £95m – we anticipate upgrades as befits the mighty valuation!

More on the Investor's Champion website.

[18bt] 09/9/2020 07:25

Results look at top end of expectations on EBITDA and cashflow. V strong statement of what has been achieved in the year and what is to come. The market will no doubt be perverse given the run up prior to announcement.

[mark4231] 08/9/2020 14:47

Interesting, particularly since they've developed and released Planet Coaster since RCT3 times. From memory FDEV developed the original RCT3 and it was published by Atari. Then there was some argument about sales numbers and RCT3 was eventually pulled from Steam. Presumably FDEV now have the rights to RCT3, so they can do this.

Also, last week, Planet Coaster was announced for the Mac - coming November.

I'm losing track of all the games that FDEV are involved with now, and which platforms they're on/going to be on!

[endion] 01/9/2020 21:11

If their Foundry arm gets good traction it could end up being very valuable in of itself. Indie games have a great following, and whilst they don't sell for as much they don't cost as much to develop either. I mean, just look at stardew Valley. Developed by one guy, it went on to sell multiple millions of copies.

Couple that with atleast 2 AAA game releases a year, as well as continued dlc content for existing IPs, and it has the making of a beast of a game developer. Braben is also not one to sit on his laurels when it comes to innovation in the industry. I wouldn't be surprised to see him continue to innovate once they have a strong cash sheet and secure industry position.

[luckymouse] 01/9/2020 20:41

yes Im no games expert but its like a pop musician - one big hit changes everything & this is particularly well poised

[mad foetus] 01/9/2020 20:39

I think the Warhammer game will do that. I see no reason why FDEV won't be in the top decile of UK stocks over any timescale from now

[luckymouse] 01/9/2020 20:19

why not 6000? Zoom is on a PE of 1800. It's about explosive growth & mass adoption not a theoretical old school valuation ratio. FDEV just needs the right title or whale franchise hook up to materialise and it will fly - thats its nature. When that happens all those ratios will go out the window.

[adamb1978] 29/8/2020 15:18

Just had a proper look at the figures given that I was away last week when the TU came out.

Personally I think their guidance, given after just 3 months into the financial year, is likely to be on the conservative side as thats how they've historically operated. Therefore it wouldnt surprise me if turnover comes in in excess of £100m for the year, which pushes EPS above 50p.

Looking longer-term to thikn about valuation, they're continuing to progress towards being a c.£200m revenue business which I'd expect in 3 years or so. The larger industry participants trade on between 5.5x and 7.7x revenues, so if you assume FDEV trade at the lower end of htat range you'd get a 2900p share price.

That said, whilst you could argue that the leaders warrant a higher multiple for defensive nature, FDEV will be faster growing which should lead to a higher multiple. All in all though, I've held this for 3 years and since 330p and happy to hold for another 3 years.

[sogoesit] 28/8/2020 09:58

I don't trade this but certainly have accumulated on the dips of which there have been a few sizeable ones to wrack the nerves!!

The dips are/have been due to the biennial lumpiness of new releases but this latest RNS may give a start to a more consistent revenue stream (?) and less "big dippers".
However, each new major release could also be viewed as a binary choice between a blockbuster and a dud and the speculative trading around that (recall JWE).

[p1nkfish] 28/8/2020 07:10

Excellent. Hold, not one to trade.

[p1nkfish] 28/8/2020 07:04

Lovely to see this develop, a great British success story.
Go FDEV.

[mad foetus] 27/8/2020 20:55

https://twitter.com/frontierdev/status/1299062517751336960?s=20And also JW launching on Nintendo switch. So 3 significant announcements

[pepsiman1] 27/8/2020 20:48

Also, Frontier is having another Steam sale.

[pepsiman1] 27/8/2020 20:48

Duplicated post deleted.

[fledgling1nvestor] 27/8/2020 20:30

@pepsiman, no need for RNS whilst the market is closed. There will no doubt be an RNS going out at 7am tomorrow morning.

[pepsiman1] 27/8/2020 20:14

Surely some of this needs an RNS?