Frontier Developments Share Discussion Threads

[hastings] 12/1/2018 23:08

Caught up for a chat earlier today, there is a typo or two, my fault a busy day!
May be of interest.

[mad foetus] 12/1/2018 07:48

Liberia reiterate as a buy, no target price:

[allstar4eva] 11/1/2018 14:57

It would if you made no other money in the market;-)

[nimbo1] 11/1/2018 14:40

5% doesn't float my boat

[allstar4eva] 11/1/2018 14:38

Hindsight traders are best ignored imho...

[blondeamon] 11/1/2018 14:12

In and out for a quick 5% yesterday but keeping an eye here for re-entry upon Jurassic good news.

[mark4231] 11/1/2018 12:25

I agree nimbo.

I'm hoping that FDEV reveal the next franchise reasonably soon so we know what to look forward to next year as well.

[nimbo1] 11/1/2018 12:04

people won't be worrying about the results for the past 12 months or next 6 when jurassic evolution starts selling. a blockbuster launch for FDEV given it already has 2 existing franchises providing a steady revenue base will be explosive imo. Then moving to 1 release a year...

[mark4231] 11/1/2018 11:46

Makes me laugh too. At lazy journalists.

Although I don't think a fall was at all warranted yesterday, I'm pleased at the level it has settled at - it is still higher than 10 days ago. At least now when the final results come out some of those who don't understand the company have been shaken out already.

[ashehzi] 11/1/2018 11:25

The Daily Telegraph Thursday, January 11, 2018: Frontier Developments (FDEV) pulled back 65p to £14.25 after its interim figures failed to meet investors’ lofty expectations.

Made me laugh at "failed to meet investors’ lofty expectations". Wasn't me at least.

[staverly] 10/1/2018 18:51

FWIW, £17 TP derived from sector re-rating. The guts of it being x32 FY22 FCF, 8% discount. Liberum TP under review until HY ann.

[alphabeta4] 10/1/2018 14:11

'Risk to the upside' - I.e. as house broker we're going to pretend £11m revenue H2 is a stretch so we can be surprised when the company beats it :)

[ashehzi] 10/1/2018 14:02

Frontier Developments (FDEV) Finncap

Healthy H1 trading update, estimates unchanged

Frontier expects to report sales of c.£19m in 1H18 – modestly ahead of the comparative period (£18.1m), thanks to the continued performance of both games, particularly Elite Dangerous, which launched on PlayStation 4 in June 2017. Sales also responded well in price promotion events – offered at Thanksgiving and Christmas (the latter being post period-end). As per guidance, we leave our full-year sales estimate unchanged, implying 2H18E sales of £10.7m. This compares with £19.3m achieved in 2H17, where trading benefitted from Planet Coaster’s November 2016 launch. Notwithstanding the absence of a similar event in 2H18E, we believe risk to FY18E is to the upside.

Harold Evans

020 7220 0552

[blondeamon] 10/1/2018 13:06

It was an exceptional year last year as they said but they also said they matched it this year so doing a similar H2 (or even a bit less) would still have them meeting current expectations.

Hoping to finish the day blue here tbh, that RNS's title was bonkers.

[alphabeta4] 10/1/2018 12:43

According to Morning Star Full year forecasts as of this morning were £30m for FY18. If £19m has been done H1 that looks pretty undemanding to me - for example in FY16 £21m was done off one game so £10.5m per half and now there's two to achieve the same result and we already know the key Christmas period went well.

[allstar4eva] 10/1/2018 12:42

Thanks Rivaldo. Just goes to show how useless these price targets are. The simple reason for the revision is that the price had moved above their previous target price!

[hastings] 10/1/2018 12:41

FinnCap reiterates pre-tax for this year of £1.3m and EPS of 3.3p.Next year is when the earnings and profit should ramp up. Target is new £17.00.I still hold but confess to having recently taken some off the table.

[nimbo1] 10/1/2018 12:35

the market says thanks for your shares weak holders and fast money : )

[shanklin] 10/1/2018 11:26

Thank you rivaldo

[rivaldo] 10/1/2018 11:22

Shanklin, hopefully later I'll have access to Finncap's note. I suspect they're re-assessed upwards the potential for Jurassic World - or perhaps FDEV have briefed them on the timeline for the pipeline of new games.

[volsung] 10/1/2018 10:51

I was looking for good space games and came across Elite Dangerous as a recommend. Didn't know i was a shareholder in the game. There you go.

[shanklin] 10/1/2018 10:49

Thank you rivaldo.

Do you have any idea on what basis they have upped their price target please?

There did not seem to be any new news in today's update other than that H1 sales have held up very well.

Cheers, Martin

[blondeamon] 10/1/2018 10:49

Looks like it'll be higher than yesterday's close by end of day. I laugh every time someone mentions efficient markets, majority of private investors are like a herd...they spook easily and do irrational things.

[nimbo1] 10/1/2018 10:36

great stuff thanks rivaldo

[rivaldo] 10/1/2018 10:35

Finncap have today increased their price target to 1700p (from 1332p) - a hefty increase: