This needs repping but I have run out for GT. Someone please oblige.
General / Off-Topic FDEV Year End Final Results posted (year ending May 31st 2017)
- Thread starter The Tick
- Start date
This needs repping but I have run out for GT. Someone please oblige.
Stachel
Banned
You apologists really need to get your ducks in a row.
One minute you are claiming FD has bought a new building for cash, the next minute you're saying it is a good thing that they haven't.
It is no problem at all. I have never said it is a problem. I've said only that the claims hearabouts that Frontier has bought a new building are false.
There people seem to think this shows how well Frontier is doing financially. These people seem reluctant to face up to the fact Frontier just took out a £4m overdraft facility.
Interesting. Source please?
I took out an overdraft facility.
Didn't need it; took it anyway.
Glad I did; because I ended up having to use it to get my grandmother admitted to hospital.
This article is concise and clear as to how Frontier are doing: https://markets.ft.com/data/equities/tearsheet/financials?s=FDEV:LSE
Why is this arguing being allowed to continue? It's neither constructive, nor informative (unless you consider the ravings of a clearly bitter individual -with nothing better to do with his time than misunderstand simple financial reports- to be informative).
You can lead a horse to water.. and all that.
Isn't it about time to let this die?
Didn't need it; took it anyway.
Glad I did; because I ended up having to use it to get my grandmother admitted to hospital.
This article is concise and clear as to how Frontier are doing: https://markets.ft.com/data/equities/tearsheet/financials?s=FDEV:LSE
Why is this arguing being allowed to continue? It's neither constructive, nor informative (unless you consider the ravings of a clearly bitter individual -with nothing better to do with his time than misunderstand simple financial reports- to be informative).
You can lead a horse to water.. and all that.
Isn't it about time to let this die?
Couldn't agree more. The link you put up also had a story linked to it on the summary page that was a nice concise read saying the world is not ending: https://www.investorschronicle.co.uk/tips-ideas/2017/09/08/frontier-developments-caps-stellar-year/
Stachel
Banned
Latest accounts.
Well it's pretty clear that someone got an axe to grind here, it's not factual and I've seen the same info being spread around the internet, so is that a coincident?
I enjoy Stachel's desperation, tbh.
Its all doomed! Look at how they dont split [x] into [y] and [z]! EA did it, so FD must be doomed! I am not sayin' anything, I am just sayin'. And that building, it isn't even bought! They are doomed! HAHAHAHA! I dont have an axe to grind, just sayin'. You are all fanbois and apologists but I uncovered the truth. They said I was mad BUT WHO IS LAUGHING KNOW!
No, I am not having an axe to grind, I dont suggest anything.
I am just sayin'.
The idea is the company aren't responsible for maintenance costs, repairs, security of the building, insuring it, this all suppose to save money. It less risky, companies can end the contract early perhaps owning only a month or two or rent instead having to look at selling the building and get lumbered with it maintenance costs until it sold, which can cost an absolute fortune.
The downside of renting is companies can raise the rent, and maintenance fees which can be seperate and absurdly high and if you want anything done like repairing a light or removing a stud wall that is clear design to be move or a extra couple power sockets, they act like it the end of the bloody world at least in the two firms I worked where they were renting offices.
Whether Frontier will end up owning it, renting it or they are broke they are planning to squat in it I haven't got a clue clue! I supposed if I weren't so lazy I spend half hour finding out the answer but in 1.45 here so bed time.
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Viajero
Volunteer Moderator
I think I detect a certain tone of irnoy in those words.
Viajero
Volunteer Moderator
Re the new building, my understanding is that it is a lease indeed.
You mean like the revolving credit facility FDEV also had during previous years with Barclays? Do you realize that having an existing revolving credit facility available to draw from does not automatically mean that any money is actually used or that actual debt is generated? Do you also realize that in some scenarios contracting some debt (even if cash rich) can actually be effective tax wise, or otherwise, to the bottom line?
You mean like the revolving credit facility FDEV also had during previous years with Barclays? Do you realize that having an existing revolving credit facility available to draw from does not automatically mean that any money is actually used or that actual debt is generated? Do you also realize that in some scenarios contracting some debt (even if cash rich) can actually be effective tax wise, or otherwise, to the bottom line?
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FYI the annual report microsite for the 2017 results is now live: http://ar.frontier.co.uk/