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FDEV Frontier Developments Plc

204.00
-6.50 (-3.09%)
Last Updated: 10:31:26
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Frontier Developments Plc LSE:FDEV London Ordinary Share GB00BBT32N39 ORD 0.5P
  Price Change % Change Share Price Shares Traded Last Trade
  -6.50 -3.09% 204.00 70,618 10:31:26
Bid Price Offer Price High Price Low Price Open Price
203.50 205.00 210.00 202.00 204.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Manufacturing Industries,nec 104.58M -20.91M -0.5303 -3.93 82.2M
Last Trade Time Trade Type Trade Size Trade Price Currency
10:34:40 O 930 203.8751 GBX

Frontier Developments (FDEV) Latest News

Frontier Developments (FDEV) Discussions and Chat

Frontier Developments Forums and Chat

Date Time Title Posts
23/4/202411:22Frontier Developments - Elite gaming.....7,394

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Frontier Developments (FDEV) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
09:34:41203.889301,896.04O
09:29:06204.00114232.56AT
09:24:46204.50212433.54AT
09:24:04205.00324664.20AT
09:24:04205.005001,025.00AT

Frontier Developments (FDEV) Top Chat Posts

Top Posts
Posted at 18/4/2024 20:38 by amt
Thanks Mortality Accesso looks interesting.
I see historically the share price went from 3 quid in 2005 to 2,000 quid in 2017. That would have turned 3,000 quid into 2 million
Posted at 04/4/2024 09:21 by mortal1ty
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'.
Posted at 06/1/2024 18:07 by yankhanson
F1 Manager 2023's damage to FY24 revenue looks like £17m, excluding a fee from Microsoft which FDEV has yet to quantify.

The next profit warning should quantify what FDEV has disclosed only as "lower than expected" sales, but meanwhile Steam analytics now are sufficient to give this rough number.

Graph here >>> <<< suggests 75% underperformance compared to the previous edition, which itself fell short of expectations and dropped the share price by 40%.

The next update should show the extent to which FDEV have delivered on their declared "any revenue shortfall in FY24 is expected to be offset by continued strong performance across the rest of the portfolio, as well as confirmed but as yet unannounced additional revenue streams" but the industry data on that performance so far shows a very likely, very large fail.
Posted at 01/1/2024 22:18 by yankhanson
> since you seem to be claiming that the co. has no sales & makes no margin on sales

Nonsense. On the contrary, I just recently here reported the slightly-above-zero sales of the latest game Realms of Ruin.

> The key question is how much of the recent poor performance is in the share price.

No, the key question is how much of the FUTURE performance is in the share price, inc. raising cash to keep lights on through the long wait for next new game release in 2025.
Posted at 05/12/2023 23:36 by yankhanson
"How does a company share price go from £34 down to £1.30? Can anyone explain"

The key to understanding is the £34, not the £1.30. At £34, FDEV was a balloon inflated by hype, pumped by newspaper tipsters, analysts etc..... whilst quilted from red flags that unravelled when the game market renormalised post-COVID, and oops, game buyers once again would not buy sub-standard product.

The immediate cause of FDEV's fall is just one thing. The major investors lost confidence in management. Said management then proved them right with flop after flop, warning after warning, and most damning of all, total failure to spot each obviously foreseeable disaster ahead. The real damage done by the latest game Realms of Ruin is not the flop, but the fact management actually really genuinely sincerely believed it was going to be a massive hit, worth their biggest development spend ever, right up to the moment of the launch day memo saying the number of people buying the game was ... virtually zero. Further, after each disaster they compounded the error by showing total lack of contrition. If they'd admitted they'd done a bad job, then investors might take seriously their promises to do better. But no, they always push the blame onto external factors such as competition, spending power, which is fatal, because that is the one type of thing on which management can never do better.

This is why no amount of promised remedial action by this management is going to arrest the share price fall, let alone recover the loss. They have proven to the market that nothing they say should be trusted. This will be solved only by the departure of David Braben and friends, to make room for untainted replacements who can start rebuilding trust.

How ironic it is then that the only recent board departure was its most valuable member, Chairman David Wilton, a long-time industry star, fresh from the biggest AIM game company sale ever... but sticking with Frontier only for one year. And how telling it is that the best replacement Frontier could find was a nice lady who has zero management experience of the games industry.

I predict share price will drop to double figures by end January, soon after which management will be forced to face the cash crisis and will do a dilutive cash raise, or delist and take private, or both.
Posted at 30/11/2023 14:42 by yankhanson
There are now so many elephants in this room that the walls are bulging. Another is the financial turn-around plan, reverting to management simulation games leveraging "Frontier's expertise and leadership in that genre"... conveniently forgetting that each one of Frontier's last three management games devastated the share price.

Motley Fool "The Frontier Developments (LSE: FDEV) share price crashed this morning, when the gaming company warned that sales of Jurassic World Evolution 2 have been “lower than expected” since its 9 November release."

Frontier stock has now lost 50% of its value since January. "


> Realms of Ruin has a current 24 DAU peak of just 179

Realms of Ruin has a current 24-hour Daily Active Users peak of just 179.

> with a rating of 68%

Down to 66% here.
Posted at 25/11/2023 21:36 by yankhanson
Now we have a week's post-launch data on FDEV's Warhammer Realms of Ruin, we can project the game's earnings.

Gross on all platforms for FY2024: £0.26m max.

That is not a typo. Compare and contrast FDEV's broker forecast £27m, and FDEV's disclosed development and marketing costs £23m.

The projection method is simple. From FDEV's previous new game, F1 Manager 2022, take the FY#1 units on all platforms, 600k, and adjust by the new game's relative performance on player count. 7.7% upon release, then 12.5% sustain, generously assuming player retention is zero and so all counted players are new purchasers. Then multiply by price - £45, averaging highest against freebies and discounts. This method presumes FDEV manages the new game as it did the previous i.e. does not for example switch it to free to play.
Posted at 20/11/2023 08:21 by mortal1ty
The share price will tell us how well the game is doing.

The big investors will be all over the download statistics etc. A bit like the last F1 manager game which sunk the share price well before the company came out and said it was performing poorly.
Posted at 28/9/2023 09:40 by mortal1ty
As I have said before, portfolio managers might have had 0.5% of their fund in a stock like this. After the drop it might be 0.1% now?

Even if FDEV shares went to 0, they might lose another 0.1% performance. They don't care if they crush the share price, they have already written it off in their own minds and their portfolio.

Imagine if you had £1k of your £200k portfolio in it. Now its worth £200. Do you really care if you have to smash the share price to get out? I mean, its just £200 at risk now.

So... its going to go towards net-cash like the rest of these sorry video games companies.
Posted at 16/1/2023 10:31 by nimbo1
FDEV will take time to turn around - but I can imagine a scenario where hype comes along about the games workshop game and the price recovers a bit. After all FDEV have a lot of cash and money still comes from their existing portfolio. The whole games sector has been a poor performer last 12 months - the share price of Ubisoft etc show investors believe gaming sector is being commoditised and gaming companies don't deserve a high rating.

However every company has its price and I cant really see the fdev share price going much lower which probably means it goes a bit higher.

Bottom fishing isn't my normal style but I am tempted by a few here because fdev made me handsome returns on the JEWE hype cycle. They really just need to make a decent game! easier said than done clearly.
Frontier Developments share price data is direct from the London Stock Exchange

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