Frontier's Annual Results have been published (June 2018 to May 2019), showing a record year and Elite passing 3 million basegame sales

Tbf, it is what you were referring to:

Or were you referring to the forecast that FY2020 will have lower revenues than FY2019? Because that forecast was made by Liberum 6 months ago. Are traders often half-a-year behind on their info?
My word. Why did I bother providing that explanation? Ok so I just offered metrics indicating there are low earnings (relative to share price) projected. I don't even know if the bit of the chart circled has anything to do with the financial results. I'd have to look at the period of draw-down that was a direct result. It may have even been a more granular time-period than in that chart. The point - and why that move differs from regular daily volatility - is that drop occured BECAUSE of financial results and forecasts released by FDev. That's a more fundamental change than regular price fluctuations that can occur as a result of anything from - trading volume spikes, price retracements, broader market movements, clearing party spread tightening etc.
So you are saying that traders are often half-a-year behind on their info.

FDev's record revenues were higher than previously estimated, meanwhile the next few years' revenues were already forecasted 6 months ago, by FDev's official broker: Liberum.

I would assume that this is good information for said out-of-date traders?

Frontier Developments (LON:FDEV)‘s stock had its “buy” rating reissued by research analysts at Shore Capital in a note issued to investors on Wednesday, ThisIsMoney.Co.Uk reports.​
FDEV has been the topic of a number of other research reports. Berenberg Bank restated a “buy” rating and set a GBX 1,350 ($17.64) target price on shares of Frontier Developments in a research note on Friday, August 23rd. Peel Hunt reiterated a “buy” rating on shares of Frontier Developments in a report on Monday. FinnCap reiterated a “corporate” rating on shares of Frontier Developments in a report on Tuesday, June 18th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,453 ($18.99) price target on shares of Frontier Developments in a report on Tuesday, June 18th. Finally, Liberum Capital reiterated a “buy” rating on shares of Frontier Developments in a report on Tuesday, June 18th. Six investment analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average target price of GBX 1,457.17 ($19.04).
 
So you are saying that traders are often half-a-year behind on their info.

FDev's record revenues were higher than previously estimated, meanwhile the next few years' revenues were already forecasted 6 months ago, by FDev's official broker: Liberum.

I would assume that this is good information for said out-of-date traders?

Frontier Developments (LON:FDEV)‘s stock had its “buy” rating reissued by research analysts at Shore Capital in a note issued to investors on Wednesday, ThisIsMoney.Co.Uk reports.​
FDEV has been the topic of a number of other research reports. Berenberg Bank restated a “buy” rating and set a GBX 1,350 ($17.64) target price on shares of Frontier Developments in a research note on Friday, August 23rd. Peel Hunt reiterated a “buy” rating on shares of Frontier Developments in a report on Monday. FinnCap reiterated a “corporate” rating on shares of Frontier Developments in a report on Tuesday, June 18th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,453 ($18.99) price target on shares of Frontier Developments in a report on Tuesday, June 18th. Finally, Liberum Capital reiterated a “buy” rating on shares of Frontier Developments in a report on Tuesday, June 18th. Six investment analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average target price of GBX 1,457.17 ($19.04).
This information has nothing to do with traders. I already explained market beta versus idiosyncratic performance that can mean the share price might still increase. With respect, this is my job mate. You demonstrably don't really get what I was saying. That's fine, it presumably isn't your vocation to understand it. But please can you defer to the fact that I do? This is like me taking my car into a garage and telling the mechanic that all the advisories he's given me on my car are wrong coz I've had a quick look and it seems fine to me.
 

Viajero

Volunteer Moderator
This information has nothing to do with traders.
It does 100%. On the other hand you somehow seem to think that traders act in the vacuum as if the recent news were, well, new and that somehow they had not already factored in the previous updates on record profit expectations for this FY issued many months ago. As a side note the update on the 4th is actually slightly better than original estimates.

If you really wanted to see the market and share price reaction to these recent “news” you would be much better off looking into the first notifications about it on expected record profits long ago (or the ones related to the announcement of JWE, announcement of its release date, its initial sales progress etc).
 
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I refer the Right Honourable Gentleman to my previous answer:

If Mr B would like to interject at any time with his actual meaning for the phrase...I’m sure that’d clear things right up :)
The meaning of the phrase is pretty obvious. Someone asked when the thargoids were coming, the reply was "winter is coming". We then get the first thargoid encounters in the winter. Seems extremely straight forward to me.

There was no mention of 2.4 in the question or the reply. You can disagree all you want, but the sequence of events says you are wrong.
 
The meaning of the phrase is pretty obvious. Someone asked when the thargoids were coming, the reply was "winter is coming". We then get the first thargoid encounters in the winter. Seems extremely straight forward to me.

There was no mention of 2.4 in the question or the reply. You can disagree all you want, but the sequence of events says you are wrong.
StuartGT cleared that one up for me, I shall refer you to post #414 :)

(I originally came into this thread because 2 forumites were arguing Horizons was/wasn’t originally on a quarterly release schedule. They were both a little bit right, and a little bit wrong. When the schedule was first released, I wholeheartedly believe FDev intended to kick off 2.4 from Winter 2016 onwards. Otherwise, I’d have to assume they’d have to be knowingly misleading customers and I don’t hold such a low opinion of them)
 
This information has nothing to do with traders. I already explained market beta versus idiosyncratic performance that can mean the share price might still increase. With respect, this is my job mate. You demonstrably don't really get what I was saying. That's fine, it presumably isn't your vocation to understand it. But please can you defer to the fact that I do? This is like me taking my car into a garage and telling the mechanic that all the advisories he's given me on my car are wrong coz I've had a quick look and it seems fine to me.
Huh, why was the linked & quoted information from investment analysts not useful for traders?

You haven't mentioned "market beta" nor "idiosyncratic performance" previously in this thread, so no, you haven't explained them or helpfully compared them.

Indeed it is not my vocation, hence me already having deferred and asking questions on the topic (share price & trading) you brought into my thread (Elite's mentions in FDev's report). You being evasive and apparently unhelpful in your answers won't stop me from continuing to ask questions.

Personally, I always ask knowledgable friends and colleagues their advice on topics (e.g. car repair) prior to hiring outside work - I prefer not being scammed ;)
 
It does 100%. On the other hand you somehow seem to think that traders act in the vacuum as if the recent news were, well, new and that somehow they had not already factored in the previous updates on record profit expectations for this FY issued many months ago. As a side note the update on the 4th is actually slightly better than original estimates.

If you really wanted to see the market and share price reaction to these recent “news” you would be much better off looking into the first notifications about it on expected record profits long ago (or the ones related to the announcement of JWE, announcement of its release date, its initial sales progress etc).
Traders act on the behalf of investors. Their concern is execution of the trade. Unless you mean high-frequency traders, which is entirely different.
 
Huh, why was the linked & quoted information from investment analysts not useful for traders?

You haven't mentioned "market beta" nor "idiosyncratic performance" previously in this thread, so no, you haven't explained them or helpfully compared them.

Indeed it is not my vocation, hence me already having deferred and asking questions on the topic (share price & trading) you brought into my thread (Elite's mentions in FDev's report). You being evasive and apparently unhelpful in your answers won't stop me from continuing to ask questions.

Personally, I always ask knowledgable friends and colleagues their advice on topics (e.g. car repair) prior to hiring outside work - I prefer not being scammed ;)
I did mate. Read through the thread. I explained that a stock can still follow the market up despite the underlying company fundamentals not being as strong as alternatives.

I haven't been evasive. I've tried to explain as simply as I can.

Lastly, traders are responsible for executing trades. They generally aren't interested in company fundamentals. There are literally two traders sitting right behind me now. They have no interest in company earnings. Their job is to execute trades on the best terms available.
 
StuartGT cleared that one up for me, I shall refer you to post #414 :)

(I originally came into this thread because 2 forumites were arguing Horizons was/wasn’t originally on a quarterly release schedule. They were both a little bit right, and a little bit wrong. When the schedule was first released, I wholeheartedly believe FDev intended to kick off 2.4 from Winter 2016 onwards. Otherwise, I’d have to assume they’d have to be knowingly misleading customers and I don’t hold such a low opinion of them)
Yeah, I think we most of us assumed it was going to be winter 2016/2017 and FDev probably thought the same too at the time. Since then though, they have been pretty good at keeping to their schedule.
 

Viajero

Volunteer Moderator
Traders act on the behalf of investors
With that I think you already answered your own strawman. Hopefully you can now actually get back on track and address the information availability and discount issue that has been pointed out to you several times already.
 
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Six short videos of David Braben talking to Liberum about FDev's year and plans:

https://liberum.com/videos/frontierdev19/
My partner recently showed me a scheme she was about to get involved in, basically a pyramid selling scheme. She explained to me that her upline was earning a fortune and was recently given an award for being a million dollar earner. I laughed and sat her down beside and then went through the accounts of 5 of these 'million dollar' earners and showed her their company records, history and directorships etc. Not one of them had anything remotely close to 100,000k never mind 1 million. I explained how business works to her.

What has this got to do with the current topics? Well anyone can sit in a chair and sell a dream. David can say anything he likes, but the real crunch is what he actually delivers. I have no great interest in Frontier Accounts, because at the end of the day, me, nor you, nor anyone else can show where the money comes from. It could be from other titles, from investments, from any number of places. And none of that means Elite is doing great or indeed doing bad.

Elite reaching or passing 3 million box sales is in the overall scheme of things, nothing. Minecraft 30 million?

The point I'm trying to make is, none of us knows what is planned for ELite or what will be delivered. Sure there are snipptes and rumours, but we don;t really know until we see it. Which bring me back to an old business axiom.. Show me the money..

Another item worth noting is David telling us how great multiplay was going to be, and if we didn't use it they wouldn't develop it further. What they delivered was rubbish and they have done nothing with it since. So so, much for 'what David said'...

Bottom line here is ELite is what it is, and that is all it is.
 
Well anyone can sit in a chair and sell a dream. David can say anything he likes, but the real crunch is what he actually delivers. I have no great interest in Frontier Accounts, because at the end of the day, me, nor you, nor anyone else can show where the money comes from. It could be from other titles, from investments, from any number of places. And none of that means Elite is doing great or indeed doing bad.

Elite reaching or passing 3 million box sales is in the overall scheme of things, nothing. Minecraft 30 million?

The point I'm trying to make is, none of us knows what is planned for ELite or what will be delivered. Sure there are snipptes and rumours, but we don;t really know until we see it. Which bring me back to an old business axiom.. Show me the money..
Elite's sales revenue is known via filings, reports and videos. For example:


Meanwhile, as of May 2019 Minecraft had sold 176 million copies.
 
Elite's sales revenue is known via filings, reports and videos. For example:


Meanwhile, as of May 2019 Minecraft had sold 176 million copies.
Oh Thanx !

Interesting... According to that; 825 sales = -17.5% growth, but 1180 sales is a +43% growth...

I'm dying to see that explained.. Do we have any accountants in the house?

And do unit sales include Horizons, and are they individual sales. ie; If I buy Elite then buy Horizons, is that 2 sales?
 
StuartGT cleared that one up for me, I shall refer you to post #414 :)

(I originally came into this thread because 2 forumites were arguing Horizons was/wasn’t originally on a quarterly release schedule. They were both a little bit right, and a little bit wrong. When the schedule was first released, I wholeheartedly believe FDev intended to kick off 2.4 from Winter 2016 onwards. Otherwise, I’d have to assume they’d have to be knowingly misleading customers and I don’t hold such a low opinion of them)
Absolutely. The debate we had was if the winter is coming quote and the term Season has anything to do with a quarterly releases. It doesn't. That's why my answer was yes and no... ;)
 
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