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Yes probably worth moire than £3 or a bit over £100m. But had to understand why anyone thought it was worth over £1Bn.
It's a good update but I personally expected this and it's inline with my expectations.
The company is still worth far more than £3 though
Very odd that nobody has posted about this morning's excellent RNS trading update which is currently seeing a 10% rise in the share price. If it had been bad news, the posts would have been flying.
An update about an update & video call...
A lot of Auto trades today without a sell off...
Imo,
Positive trading update from sales & dlc with new game announcement on 12th June.
Gla.
Surely today's news that Keywords Solutions is being bought at a price 70% above Friday's closing must be encouraging to others in the industry, indicating massive undervaluations.
Hey all,
Here's my long thesis with detailed breakdown of why this company is undervalued (imo) given managements new strategy.
By the way, I was bearish on them from £10 to £1 due to their previous strategy:
https://www.reddit.com/r/ValueInvesting/comments/1cuwluf/frontier_developments_is_really_undervalued_still/
Haha... yeh that didn't last long. Had a moment in low 200's thought it would do the same near 50ema but we've had news.
Happy its not run away and gone volatile, great stock, long term holding will be vastly rewarded.
One thing's for sure with this stock, it doesn't do sideways movement
Feels the company is back on track. Today's RNS is excellent news.
Might be a little wait for £20 but i would think £5-£6 could be reached really quite quickly, and who knows after that. As i've said before, once this starts to move it does so very quickly.
GLA
Hopefully the Jurassic park game will start to move the sp in the right direction. I’m massively under water here. Started buying around £20 …..DOH only need a 6/7x to get my money back lol….
Expecting some sideways movement here again. All good Imo, 280-320 while we wait for further announcements through RNS or end of month presentations.
Some profit taking by PI's at this level but being hoovered up by an II, imo.
Great ride from low 100's. 320 could be first major hurdle, 50day ema around 320. Once that's broke next is 100day SMA around 630 but could take a few months to get there, slow and steady with regular consolidation = a good Christmas.
Still not too late.
2 years of solid IP games and no reason why this couldn't be over 1500 again imo, gla.
Slow and steady buys everyday, anyone got any intel?
I'm actually surprised we've not seen any of the UK plcs in sector acquired yet. Last year this, TM17 and even tiddler TBLD all went mega cheap. But M&A more likely to come from within industry rather than private equity imo.
Keyword Studios always acquisitive. In US big players like Disney taking a $1.5bn stake in Fortnite maker and Netflix making moves into space should at least help sentiment. On the Chinese side Netease have been partnering with or buying a lot of studios. Definite green shoots in sector after that post-Covid lull.
You haven’t posted on LSE for 2.5 years and just arrive here with that post makes me think you might have heard something?
Quite the question. Explain what your catalyst was to think of this.
Is this another stock in the clasp of a private equity takeover?
Valuations would warrant this and the value can be built with a long term perspective.
Why sell 2, 3, 4, 5, 6 shares one after other. Is this a mm manipulation to get so many sells?
We already had the news. The SP is just catching up with events
No watch the spread
Does anyone know the secret for the big buys today?
Bought back in last week; cash much better than anticipated and sensing that they are listening to players a bit more, so hopefully the games will be more engaging.
Free float is small so when this moves it really moves. It's been kind to me in the past so maybe history can repeat itself (at least to some extent).
GLA
Small-cap Movers: Frontier Developments’ rollercoaster week
https://tinyurl.com/4uu2x2pc
Among the junior markets’s smattering of small-cap video game developers, Frontier Developments PLC (AIM:FDEV) stands out as one of the oldest, having been founded in the early 90s before listing on AIM in 2013.
Wannabe theme park bosses may know Frontier as the former developer of the RollerCoaster Tycoon series, though small-cap investors may know it better as a stock that rallied more than 30% this week.
Frontier spiked to a year-to-date high after Shore Capital upgraded its stock recommendation from a hold to a buy.
This change of stance came on the back of promising developments within the company's game portfolio, notably the successful launch of Planet Zoo's console edition and the sale of publishing rights for RollerCoaster Tycoon 3 to Atari.
The company netted $7 million (£5.5 million) from the sale, comprising a mix of upfront and deferred cash, which should nicely bolster Frontier’s current-year earnings.
The market would appear to agree with you, biggest sign of life for a while so far this week. Hopefully bottomed out and beginning the long journey back up? We will see.
I would also say for the savings they're making, that 20% cut in annual operating costs they outlined is extremely high. I would actually defy anyone to find any other plc making cuts greater than this within a single financial year, so a bit ludicrous that poster complaining on this front.