First 20 minutes of JWE - "a treat" The first 20 minutes of JWE are now available - "youre in for a treat" and "You shouldnt miss it" is the verdict here:[link]
Positive mention in the FT Nice:[link] Citigroup started coverage of Frontier Developments, the video game developer, with a buy rating and £15.40 price target. Consensus forecasts have significantly understated the revenue contribution from Jurassic World Evolution ahead of its release in mid-June, said Citi. It modelled for the game to deliver £70m of sales in the financial year ending 2019, which would deliver a 30 per cent upgrade to consensus earnings forecasts."And:[link] World Evolution It just has to be on the list of the best upcoming games. The title will be released for the PS4, Windows 10 PC, and Xbox One. Developed by Frontier Developments, the game will allow you to place yourself at the heart of the Jurassic franchise. You can bio-engineer dinosaurs that feel and think. Youll get to build and manage your own Jurassic World. Even more interesting is that Jeff Goldblum will provide a lot of voice-over for the title."
Citigroup initiate: Buy, 1540p target Nice - Citigroup today initiate coverage with a Buy and 1540p target:[link]
Re: Why the 6%+ drop in SP today The price seems to often move a lot on little volume. 99% sure that there isn't any particular news to trigger today's fall.2 months until the release of JWE, then things should get exciting IMHO.
Why the 6%+ drop in SP today Does anyone know why the drop today, most tech stocks were up or fairly flat.Can't see any news that would account for it...
RNS: JWE launch date is 12th June..... The big launch is on - for 12th June, "the first day of E3 Expo, the biggest games industry event of the year"".....[link]
Peel Hunt initiate: Buy, 1400p target Good news - Peel Hunt today initiate coverage with a Buy and a 1400p target:[link]
First review of Jurassic World is terrific! First review of JWE - and he absolutely loves it ))[link] can't say anything specific due to NDA, but if that level of enthusiasm is replicated then it'll be a monster hit.
Liberum raise price target Results today perfectly fine and as expected. If the markets hadn't been the way they are then the price would probably have been unmoved or perhaps up.Finncap today retain their 1700p target, and Liberum say Buy and increase their price target to 1480p (from 1250p):[link]
Excellent new article about FDEV In particular, there's an intriguing quote from the CEO. So now we know we can expect news of the fourth franchise with the JWE launch - and that this will also be well-known and likely pretty exciting:"Braben himself.....also talks of beyond the impending release and says that in conjunction with that, Frontier will also be announcing the title of its fourth franchise.Although giving nothing away on what this may actually be, he does confirm that it will be something that once more strikes a familiar chord with the audience."[link]
Finncap raise target price to 1700p Finncap have today increased their price target to 1700p (from 1332p) - a hefty increase:[link] agree with the prior post - the overriding point is that JWE is progressing smoothly and on time. It's reassuring that PC and ED continue to sell well, but no-one should really have been expecting anything else from the update. It'll be good to hear first details of the other games in the pipeline at some stage, perhaps in he next results narrative.
Re: correction in sp Figures in today's statement look completely fine.Drop in share price is probably from people selling who were expecting something amazing. However that was never likely to happen at this point when there have been no new launches for a while. In 6 months or so Jurassic World Evolution is expected to be launched at which point things will get very interesting, in a positive way I expect.
correction in sp figures in latest statement not good?
Tipped in the weekend's Mail for 2018 Nice:[link] BET ON THE £50bn VIDEO GAMES BOOM by Matt Oliver It makes more money than Hollywood and is invading the living room the video games industry is showing absolutely no signs of slowing down yet. While global box office revenues netted the film industry £30 billion, video games did better, and raked in more than £50 billion. Frontier Developments is one of the UKs leaders in this field, producing hits that may not be household names for many but bring in millions. The Cambridge-based company has also just signed a potentially lucrative deal with Universal Pictures to produce a Jurassic Park strategy game. The arrangement includes the possibility it could lead to further tie-ups that could boost growth. Frontier is currently worth about £508 million but its shares have risen 370 per cent in the past year, and were 1324.5p yesterday."
FDEV tipped in gaming sector review I note that major shareholder Tencent are tipped as well as FDEV:[link] Xmas and a happy New Year to all here - 2018 looks like being another great year for FDEV.