Updates

Frontier Developments - FY25 forecast upgraded by £6.8m

November 2023

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.

Outer year eps upgrades after the update this month. Ahead of entering its important November and December trading period, which will include the long awaited release of Warhammer Age of Sigmar: Realms of Ruin on 17 November, FDEV said it remains comfortable with FY24 market expectations (consensus revenue £108m and EBITDA loss of £9m). Like many video games companies, FDEV inflated its expense bases during 2020 and 2021 when millions of us had turned to game playing whilst at home - its average staff count rose 69% to 839 in FY23 from 496 in FY20 - and this had reduced focus on return on investment. FDEV has therefore now announced an Organisational Review. It plans to reduce annual operating costs by up to 20% by ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Me Group - Wash.ME divisional profit up 39%

Shoe Zone

Frontier Developments (June 2024)

Frontier Developments (December 2023)

Frontier Developments (October 2023)

Frontier Developments - F1 Manager 23 launch date set: 31 July (July 2023)

Frontier Developments - Current year started 1 June set to see two big launches (June 2023)

Frontier Developments (March 2023)

Frontier Developments - F1 game set for 25 August launch (July 2022)

Frontier Developments (December 2021)

Frontier Developments (February 2021)

Frontier Developments (October 2020)

Frontier Developments (July 2020)

Frontier Developments - More people at home playing video games (April 2020)

Frontier Developments (February 2020)

Frontier Developments - Launch schedule unveiled (December 2019)

Frontier Developments - Sales to beat consensus by 7% (July 2019)

Frontier Developments - Record revenues and profits (May 2019)

Frontier Developments - Market awaits imminent fourth launch (April 2019)

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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X