Frontier Developments Share Discussion Threads

[s34icknote] 05/4/2024 17:59

Tucked a few away for my sipp

[mortal1ty] 05/4/2024 16:49

You can see dips are being bought.

[bigbigdave] 05/4/2024 16:14

There is a bowl on the chart here to 260p plus and then another one to around 6 quid.
Plenty to go for here, great recovery prospect.

[7rademark] 05/4/2024 16:00

Another recovery play is TERN. ridiculous mcap imo.

[7rademark] 05/4/2024 15:50

There was no reason to knock the share price back 5% at the close yesterday. It wouldn't surprise me if they did it again today as they need stock imo so will want it red on Monday.

[parob] 05/4/2024 14:57

I suspect quite a few will be looking over this stock this weekend following Monday's trading update. Both technicals and fundamentals looking much better than they did four months ago. Hopefully a solid turnaround/recovery stock over the next few years.

[7rademark] 05/4/2024 11:02

Agree. There will always be profit takers. Looking at the chart there is support at 160p which would present an excellent top up opportunity if it arises.

[parob] 05/4/2024 10:28

I don't think we will see too much consolidation before it starts climbing again. Could do with a newspaper tip following the trading update to get the stock more noticed.

[7rademark] 05/4/2024 09:06

False fall at yesterday's close. False fall at today's open. Good effort mms.

[cirlbunting1] 04/4/2024 19:23

Dont be bud. There was a lot of avg down + selling off a few positions on companies which i didnt want to (FERG and NVDA being my biggest drawdowns).

[mortal1ty] 04/4/2024 17:31

Cirlbunting - I'm jealous. At 98p I had to stop looking!

[7rademark] 04/4/2024 16:22

Volume surpassing the volume on the day of the trading update.

[7rademark] 04/4/2024 15:44

Yes well under the radar. Volume is OK again today. If we move 8% on 350k volume what will the moves be once the crowd arrive.

[cirlbunting1] 04/4/2024 15:38

Mortal and I did our posting (and also our research). Let the stock do the talking now. I believe we were the only 2 bullish. I avg down.. and more than doubled my position when it went down to 98.

[parob] 04/4/2024 14:55

Up 8% and not one post on the lse bb today. Shows you how un-noticed this one is currently.

[7rademark] 04/4/2024 11:41

Agree. He's not exactly old either. What is he 60. He has a good controlling stake although not ideal at this low share price

[mortal1ty] 04/4/2024 10:46

Nah Braben wouldn't sell his company down here.

[parob] 04/4/2024 10:09

There is always the possibility of a takeover too whilst the price is in the doldrums.

[7rademark] 04/4/2024 10:05

Once the market digests the recent trading update I can't see a reason why 500p is not attainable relatively quickly. A given imo when you also throw in the recent 20% cut of costs. The website states 800 employees maybe its less now.

[7rademark] 04/4/2024 10:02

39m shares in issue if I'm correct. With 22m held by directors and institutions. So only 17m in free float. Not a problem when the share price is at 20 or 30 quid. But at £2 it can create wild share price swings over a short period of time. Eg 600p to 200p in just 8 weeks recently.

[mortal1ty] 04/4/2024 09:22

Crazy to think even if it got to £5 it would still be 84% down from its peak! Probably wouldn't even seen the move upwards on the 5 year chart.

[mortal1ty] 04/4/2024 09:21

Well £5 would be 2x sales. Not sure it will get there for a while.

I think £2.50 - £3 is a very doable short-term target. That is c.1x sales.

I think the share price gets there alone on just the £23m cash, and the fact it 'isn't going bankrupt' and is 'meeting expectations'.

[parob] 04/4/2024 09:18

Nice move on the cards now the trading range has been broken especially having been stuck in it for so long. It will close the gap on the chart as the very first step now imo.