Frontier Developments (FDEV)

Sector:

Leisure Products

Index:

FTSE AIM 50

1,372.00p
   
  • Change Today:
    -8.00p
  • 52 Week High: 2,840.00
  • 52 Week Low: 1,078.00
  • Currency: UK Pounds
  • Shares Issued: 39.42m
  • Volume: 28,304
  • Market Cap: £540.89m
  • RiskGrade: 195

Frontier Developments sees increased demand for titles amid lockdowns

By Iain Gilbert

Date: Wednesday 20 May 2020

LONDON (ShareCast) - (Sharecast News) - Videogames maker Frontier Developments has seen increased demand for its titles over recent months as a result of Covid-19 lockdowns across the world.
Frontier, the company responsible for Elite Dangerous: Arena, said on Wednesday that demand during May continued to be high, which was providing the group with "a strong finish" to the financial year.

The AIM-listed group now expects operating profits for 2020 to be "materially ahead" of the top end of its previous guidance range of £11-13m, while revenues were projected to be above guidance of £65-73m.

Chief executive David Braben said: "Lockdown is a challenge for many people, and is going on for longer than most of us expected, but it is great to see so many more people joining our communities during these difficult times across all our games.

"We continue to be delighted by the engagement, passion and feedback from our players, and look forward to a bright future post-lockdown, as we believe many of our new players will stay with us for the long term."

As of 1125 BST, Frontier Developments shares had shot up 13.30% to 1,873.94p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

FDEV Market Data

Currency UK Pounds
Share Price 1,372.00p
Change Today -8.00p
% Change -0.58 %
52 Week High 2,840.00
52 Week Low 1,078.00
Volume 28,304
Shares Issued 39.42m
Market Cap £540.89m
RiskGrade 195

FDEV Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
92.54% below the market average92.54% below the market average92.54% below the market average92.54% below the market average92.54% below the market average
81.82% below the sector average81.82% below the sector average81.82% below the sector average81.82% below the sector average81.82% below the sector average
Price Trend
58.23% below the market average58.23% below the market average58.23% below the market average58.23% below the market average58.23% below the market average
16.67% below the sector average16.67% below the sector average16.67% below the sector average16.67% below the sector average16.67% below the sector average
Income Not Available
Growth
52.34% above the market average52.34% above the market average52.34% above the market average52.34% above the market average52.34% above the market average
Sector averageSector averageSector averageSector averageSector average

What The Brokers Say

Strong Buy 6
Buy 0
Neutral 2
Sell 0
Strong Sell 1
Total 9
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

FDEV Dividends

No dividends found

Trades for 01-Jul-2022

Time Volume / Share Price
16:35 5,795 @ 1,372.00p
16:29 9 @ 1,386.00p
16:29 10 @ 1,386.00p
16:29 11 @ 1,386.00p
16:29 26 @ 1,386.00p

FDEV Key Personnel

CEO David John Braben

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