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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?
- By Steve Moore
- 2023-01-09 11:54:30