Frontier Developments – full-year results, how “comfortable” to be with even current dire consensus trading expectations for this year?
By Steve Moore | Wednesday 13 September 2023
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.
Describing itself as “a leading developer and publisher of video games” Frontier Developments (FDEV) has announced results for its year ended 31st May 2023 including that it “continues to be well capitalised, with a cash balance at the end of FY23 (on 31 May 2023) of £28.3 million… comfortable with market expectations for FY24”. So what of a share price currently further down to around 300p in response?
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