3rd Sep 2020. 8.58am
Regency View:
Update
Regency View:
Update
It’s been a quiet couple of weeks for portfolio-related newsflow, and this is to be expected given the last fortnight of the summer is traditionally slower period.
AIM Investor Performance – please click to view
Frontier flying as full-year sales guidance increases
Frontier has been a star portfolio performer since lockdown following a series of bullish updates, and last Friday’s trading statement was no exception…
The shares have surged to new highs after the game developer upgraded its full-year revenue guidance to the top half of market expectations.
Pre-statement revenue expectations were between £83m-£95m, and given that Frontier are only three months into their current financial year, it’s no surprise the hike in guidance was well received!
Frontier also laid out a busy release schedule:
The successful Jurassic World Evolution: Complete Edition will become available on Nintendo Switch on 3 November. This is significant because it’s the first time one of the Frontier’s big franchises has been put on the Switch platform.
Frontier Foundry, the company’s publishing arm revealed its first two games – combat game Lemnis Gate, and physics-based co-op platformer Struggling. And Frontier expect the publishing side of the business to make a ‘material’ contribution to revenue over the next few years.
Management have also guided for the release of three new games for the 2022 fiscal year and five or six per year from 2023.
FDEV Year-to-Date Chart
Boohoo’s volatility increases again as fresh Guardian accusations hit the headlines
Last week, another exclusive from the Guardian broke which indicated that 18 textile factories in Boohoo’s supply chain were breaking labour laws.
Boohoo rebutted the claims stating that Guardian’s investigation was ‘a selection of commentary from a limited number of the third-party audits that have been completed.’
The shares dropped 15% on Friday but have since bounced back and are now 5% below last week’s highs.
We can now use the 20 August high and 28 August low as short-term technical barometers.
BOO Year-to-Date Chart
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