Frontier Developments (FDEV)

Sector:

Leisure Products

Index:

FTSE AIM All-Share

203.00p
   
  • Change Today:
      0.50p
  • 52 Week High: 631.00
  • 52 Week Low: 107.00
  • Currency: UK Pounds
  • Shares Issued: 39.48m
  • Volume: 18,244
  • Market Cap: £80.14m
  • RiskGrade: 195

Sunday share tips: Frontier Developments, Medica Group

By Alexander Bueso

Date: Monday 18 Oct 2021

LONDON (ShareCast) - (Sharecast News) - The Financial Mail on Sunday's Midas column touted the "compelling" long-term prospects for video game developer Frontier Developments.
In particular, the tipster noted Chinese outfit Tencent's 8.6% stake in the firm, which Frontier's boss, David Braben, saw as facilitating access to that country's market.

Yet, said Midas, Tencent's intentions may perhaps go further "or perhaps they will in time".

"For now, however, an imminent takeover seems unlikely. Tencent has its hands full with Sumo Group, while Braben owns 33 per cent of Frontier and has huge ambitions for the business," Midas went on to say.

As well, Frontier's shares had come off recently, after the company revealed teething problems with the sequel to its Elite Dangerous title.

It also announced a later than expected launch of its new Formula 1 management game.

But Midas was optimistic on both counts, arguing that sales of the former "should bounce back over time" while those of the latter should do "extremely well".

That was all on top of the company's rich new pipeline of games for over the next three years.

"Gaming has become a multi-billion pound industry and Frontier Developments is a leader in the field, with international renown and reach," Midas concluded.

"Recent glitches are being fixed, the group still has millions of loyal fans and Braben is committed to success. At £25.00, these shares should rise, with or without Tencent's help."



The Sunday Times's Sabah Meddings told readers to 'buy' shares of Medica Group ahead of an expected rebound in demand for elective operations and scans over the next few months and even years.

Medica supplies teleradiology, which allows radiologists to study images remotely and the likes of the NHS to outsource such services.

Now, the NHS is facing a long list of patients awaiting elective operations and scans and with restrictions being relaxed it simply cannot keep up as its focus shifts away from Covid-19.

According to Meddings, demand for radiologists in the UK was growing at an annual clip of about 5-6%, but there wasn't any spare capacity in the NHS.

Hospitals typically outsourced around a fifth of the cases and that figured had doubled over the past five years, Meddings added.

Even better, Medica has been investing in software and hiring new radiologists, including in Australia, allowing it to operate through the night in the UK.

The company had also teamed up with artificial intelligence outfit Qure.ai to boost efficiency.

And now hospitals were addressing their backlog of elective activity which should lift demand for Medica's services in 2021 and 2022.

Demand should be especially brisk over the summer as NHS radiologists go on vacation.

"Part of the shortage in radiologists is down to the ten years' training required to be a consultant radiologist - of which there are currently about 4,000, although only 3,750 full-time as part-time working has increased.

"So there is a good chance Medica will be in demand in the months ahead. Buy."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

FDEV Market Data

Currency UK Pounds
Share Price 203.00p
Change Today 0.50p
% Change 0.25 %
52 Week High 631.00
52 Week Low 107.00
Volume 18,244
Shares Issued 39.48m
Market Cap £80.14m
RiskGrade 195

FDEV Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
0.73% below the market average0.73% below the market average0.73% below the market average0.73% below the market average0.73% below the market average
9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average
Price Trend
78.8% below the market average78.8% below the market average78.8% below the market average78.8% below the market average78.8% below the market average
83.33% below the sector average83.33% below the sector average83.33% below the sector average83.33% below the sector average83.33% below the sector average
Income Not Available
Growth
83.12% above the market average83.12% above the market average83.12% above the market average83.12% above the market average83.12% above the market average
83.33% above the sector average83.33% above the sector average83.33% above the sector average83.33% above the sector average83.33% above the sector average

What The Brokers Say

Strong Buy 0
Buy 3
Neutral 6
Sell 1
Strong Sell 0
Total 10
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

FDEV Dividends

No dividends found

Trades for 19-Apr-2024

Time Volume / Share Price
13:58 257 @ 203.00p
13:38 28 @ 203.92p
13:30 28 @ 203.00p
13:30 12 @ 203.00p
12:51 147 @ 205.00p

FDEV Key Personnel

CEO Jonathan (Jonny) Francis Watts
CFO Alex Bevis

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