By Steve Moore | Wednesday 12 January 2022
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Previously writing on videogames developer and publisher Frontier Developments (FDEV), in November with the shares down towards 1600p I concluded, although it argues its “future looks strong and our portfolio continues to grow”, with the valuation and clear new release performance uncertainty and admitted “wide guidance range is indicative of the variability of outcomes across our whole portfolio as we approach the important holiday season”, to continue to avoid. The shares last closed at 1772p, but today results and a trading update…
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