Frontier Developments Share Discussion Threads

[barnes4] 07/5/2024 08:06

Lots of inch high private I’s patting themselves on the back but the share price doesn’t budge

[amt] 07/5/2024 07:49

Great stuff thanks Mortality. Making good money here on a share I did the bare minimum of research on to be honest

[wjccghcc] 07/5/2024 07:48

Wasn't previous guidance for 80-95mm revenues or did I miss a trading statement in between?

[mr euro] 07/5/2024 07:38

mortal1ty7 May '24 - 07:12 - 7440 of 7446
0 3 0
Some people laughed at me when I bought 0.22% of this company... I'm laughing now.

Well done. Always nice to hear of such success stories, hats of to you.

[molatovkid] 07/5/2024 07:27

They previously reported a loss hence the price being where it is. The improtant thing here is the performing above expectations. Confirms a serious turnaround in performance.

[mortal1ty] 07/5/2024 07:24

@amt - They made a £5m EBITDA loss in H1. That means in H2 the company was back to adjusted EBITDA breakeven! That itself is really good news, especially given they have had so little new game releases.

This also implies a meaningful amount of profitability might be earned if they can get back to £100m sales. Drop through is pretty high.

[rimau1] 07/5/2024 07:24

Refer to the 2023 results and business update, its well flagged. H124 restructuring charges and continued impairment and amortisation of the foundry games. Basically legacy costs.

[parob] 07/5/2024 07:22

Very happy to wake up to this news."Adjusted EBITDA* is now anticipated to be better than previously guided"This stock was battered down to a ridiculous market cap but the turnaround is in full swing now and the market will like this news.MCap still only £104M currently.

[amt] 07/5/2024 07:17

Yes but why are they projecting an Ebitda loss of 5m on 85m of sales.

[mortal1ty] 07/5/2024 07:14

Targeting 1.5x sales now on a 90m sales base. That is 135m enterprise value... Plus 25m net cash is 160m market cap (4.30).

Better execution all round and sales estimates look to have troughed.

This is getting life changing monies for me now.

[mortal1ty] 07/5/2024 07:12

Some people laughed at me when I bought 0.22% of this company... I'm laughing now.

[molatovkid] 07/5/2024 07:06

Will take that....should be a good day

[bigbigdave] 07/5/2024 07:02

Frontier's financial performance for FY24 as measured by Adjusted EBITDA* is now anticipated to be better than previously guided

[allstar4eva] 03/5/2024 12:37

Wider markets are looking more bullish for now which helps.

[parob] 03/5/2024 12:05

I think you're probably right. This looks on the cusp of the next leg up.

[mortal1ty] 03/5/2024 09:02

If that own IP is a success and we get a bit of cash in and some belief in the pipeline. Back to 10.

[mortal1ty] 03/5/2024 08:54

I always thought it would hold about 250. This is the price at which the market just about prices out major solvency issues.

The next leg up to 5 will happen by the end of the year. When we start to get some stabilized trading from their new F1 manager (which looks good) and more importantly their own IP title.

[allstar4eva] 03/5/2024 08:49

It broke 250 on huge volume which bodes well for a short consolidation period imo

[parob] 03/5/2024 08:34

There was always going to be some consolidation around the 240-250 level. The question is, is it going to be a short or long period of consolidation. There's certainly the momentum behind this stock to take it through 250 fairly quickly. Looking for a close of 260p+ for the next leg to commence.

[allstar4eva] 01/5/2024 18:38

SP also moved upwards through the 200DSMA. Golden Cross soon hopefully

[parob] 01/5/2024 16:54

High volume as this pushes North. Exactly what you want to see.

[sbb1x] 01/5/2024 14:29

Cash in bank 23mMkt cap 99m

[prince7652] 01/5/2024 14:08

250 hit onwards to 300

[allstar4eva] 01/5/2024 13:19

Looks like a wedge on the daily chart. We could be in for quite a move this afternoon