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
  -80.00 -2.93% 2,655.00 220,124 16:35:08
Bid Price Offer Price High Price Low Price Open Price
2,645.00 2,675.00 2,735.00 2,645.00 2,735.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 76.09 16.22 41.30 64.3 1,033
Last Trade Time Trade Type Trade Size Trade Price Currency
17:13:45 O 213 2,666.239 GBX

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Date Time Title Posts
16/10/202012:06Frontier Developments - Elite gaming.....6,069

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Frontier Developments (FDEV) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-10-20 16:13:452,666.242135,679.09O
2020-10-20 16:08:382,661.282045,429.01O
2020-10-20 15:41:222,649.97531,404.48O
2020-10-20 15:38:592,705.0063017,041.50O
2020-10-20 15:38:542,705.0063017,041.50O
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Frontier Developments (FDEV) Top Chat Posts

Frontier Developments Daily Update: Frontier Developments Plc is listed in the Software & Computer Services sector of the London Stock Exchange with ticker FDEV. The last closing price for Frontier Developments was 2,735p.
Frontier Developments Plc has a 4 week average price of 2,415p and a 12 week average price of 1,840p.
The 1 year high share price is 2,790p while the 1 year low share price is currently 952p.
There are currently 38,911,810 shares in issue and the average daily traded volume is 40,484 shares. The market capitalisation of Frontier Developments Plc is £1,033,108,555.50.
p1nkfish: I think the outsourcing is extra labour, which is a bottleneck. A spec is written and the "grunt" to deliver the spec is via outsourced labour. No strings just more horsepower when needed to speed up growth. Tools used, could be FDEVs own or product delivered in a format that can be integrated. Acquisitions - more headcount or nascent titles? May even be enhancing the FDEV publishing capabilities for all I know. Sounds like a strategy that needs opportune time to execute on. So long as caution is the word then sounds OK to me and could help accelerate FDEV.
adamb1978: 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
mark4231: 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!
adamb1978: 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.
thewheeliedealer: Hi all, A few weeks ago my mate Peter @Conkers3 and myself did a ‘Twin Petes Investing’ Session as a ‘Live’ bit of the MelloVirtual Conference. This was a ticket-only gig but fortunately we have been allowed to share the Recording of the audio with our Listeners. Among plenty of other things with an educational bent, part of our discussion includes FDEV. Anyway, if you use Apple, Audioboom, Overcast or Spotify you can find it under the 'Conkers Corner' Channel (you want TPI Podcast 28) and you can find it on Soundcloud at the link below. I hope you enjoy it and find it useful, Cheers, WD @wheeliedealer hTTps://
adamb1978: Another good trading update, and the 5-6 games per year in a couple years time is fantastic news. Would mean that their results becomes increasingly less lumpy! Looking at forecasts, I still think that EPS in FY23 will likely be north of 100p, perhaps 110p-120p so a share price north of where we are today is justifiable given the growth. Looking at comps, FDEV is trading in-line with them at the moment, though with better growth than the average. Therefore I'll continue to hold
adamb1978: Yank: As I posted on the SHA thread: Personally I dont have a problem with those share sales at FDEV. Braben sold c.10% of his holding and I think has something like £200m of shares remaining. I don't begrudge him taking £15m off the table at all given the wealth which he has created for people!! He also committed to another year lock-in. I dont know enough about Gammon but his stake was worth £7m and he sold c.20%-25% of this position. A bio for him is below - he doesnt sound like he's short of a few quid but at £7m its perfectly feasible that it got to a double-digit % of his portfolio justifying some trimming hxxps:// From FDEV trading perspective, given the games in the hopper I can see EPS getting to 100p-130p in the next 2-3 years. Valuing it on sales, EBITDA and PE multiples, I think it can get to £25 - £30 share price on a 2-3 year basis so am a happy holder. I've lost (or not gained!) a lot of money by not running winners and don't intend to do that here. Its perfectly possible that it retraces back in the meantime, in which case I'd be happy to top-up
adamb1978: Need to go through my figures again later however I think we now have reasonably decent visibility over where this will get to in the next 3 years. I think turnover will be in the £170 - £200m range in FY23, giving EPS potentially in the 100p-130p range. I can see fdev share price comfortably getting to 2500p-3000p per share in that time-frame, assuming it doesnt get taken out before then. Happy to hold!
mark4231: I have RNS emailed to me for companies I'm interested in. I saw an F1 related RNS but didn't open it, as assumed it was some minor thing related to Codemasters - will look later I thought, totally not noticing it was an FDEV RNS. Only when I saw the big rise in FDEV share price this morning did I go hunting for the reason. :-) lol Well done FDEV! Wow!
rar100: I guess that Swedbank see the share price low, and as this has been a cyclical share insofar as when a new game comes out the share price goes up, but then the next year doesn't have a new game, the share price goes down. So last revenue was 34mil (2018), The next - Sept '19. results projection 83 mil (2020 results drop down to 68). That's the ONLY reason I'm holding. Maybe at this share price it is a good bet, that come Sept. the share price will rise dramatically, if I wasn't already invested, I'd maybe bet on it with throw away money, but I just want to cut losses if I can and forget FDEV, I have zero confidence in them and their business strategy. So does the market hence the low volumes. The existing products maybe fine, but there seems to be nothing really new, same old doesn't inspire...
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