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Frontier Developments

June 2024

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • FDEV
  • Price:
  • 278p
A string of positive news from FDEV, which  expects  revenue to be c.£85m. Overall  creative management simulation (CMS) and own-IP titles performed well; in particular Planet Zoo: Console Edition saw strong sales following its launch in March. EBITDA loss is expected to be £5m or better, significantly ahead of the original forecast loss of £13.6m, due to a greater proportion of own-IP revenue and lower operating costs although this includes a profit from the sale of RollerCoaster Tycoon 3 publishing rights to Atari, so EBITDA loss is around £4m better than the market forecast when this is factored in. FDEV has announced it has signed a licence with Universal Pictures for a third Jurassic World video game. As such, releases are sc ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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