The market (and FDEV) is projecting an ambitious step-change in financial performance in FY 22 and FY23. Investors however may recall that Elite Odyssey updates have been delayed. For a variety of reasons, we believe there is some residual risk of disappointment here. Hence, we prefer to sit on the side-lines. Buy
21 Oct 2021
Frontier Developments - Great Expectations
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Frontier Developments - Great Expectations
Frontier Developments Plc (FDEV:LON) | 204 -14.2 (-3.3%) | Mkt Cap: 80.3m
- Published:
21 Oct 2021 -
Author:
Alex DeGroote | Manjot Heer -
Pages:
9
The market (and FDEV) is projecting an ambitious step-change in financial performance in FY 22 and FY23. Investors however may recall that Elite Odyssey updates have been delayed. For a variety of reasons, we believe there is some residual risk of disappointment here. Hence, we prefer to sit on the side-lines. Buy