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Frontier Developments – “current market expectation… remains achievable”, or does it?…

By Steve Moore | Monday 27 November 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.

Previously writing on company describing itself as “a leading developer and publisher of videogames” Frontier Developments (FDEV), in September with the shares down to around 300p I questioned its “comfortable with market expectations” after it admitted “the release of F1 Manager 2023 in July 2023 has so far not delivered the expected sales contribution”, having stated in June that the year “will benefit from two major new game releases: F1 Manager 2023 and Frontier's first real-time strategy game, Warhammer Age of Sigmar: Realms of Ruin”. So what of a latest “Business Update” announcement from the company?

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