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Results: FDEV

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EPIC FDEV
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Frontier Developments – “no longer expects to achieve the FY23 market consensus forecasts” (even after our noted previous downgrades to the forecasts!)

Previously writing on videogames developer and publisher Frontier Developments (FDEV) just over a year ago I concluded, even as the share price fell towards 1300p, that noted performance and guidance supported continued caution. The shares last closed at 999p and today a “Trading Update and Notice of Results”. This commences including that the company “expects to report revenue for H1 FY23 of approximately £57 million (H1 FY22: £49.1 million)”. Good news then?

EPIC FDEV
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Why the Share Price could Heat Up with this Flaming Frontier Stock

Hello, Share Saddlers. If you’re interested in the still booming armchair games industry, have you looked at Frontier Developments (FDEV)? This Cambridge-based outfit develops and sells Xbox and PlayStation type games. This industry, as we all know yet find it hard to get our heads round, is bigger than movies these days. And, also surprisingly, the pastime shows no sign of abating.

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