I’m surprised there haven’t been any comments on this stock for 6 months, given the forum seems interested in the gaming niche.
It just got the licence from Games Workshop to develop a Warhammer game!
(Warhammer: Age of Sigmar board game looking good)
The game studio will develop it for PC, console and streaming platforms, and it’s expected to be released in the financial year 2023 (meaning the year ending 31st May 2023).
Frontier’s management said that growth in demand for its products, likely as a result of the global lockdowns, started in China from February and in much of the rest of the world from March. It expects revenue will come in towards the top of its previously stated range of £65m-£73m for the current financial year ending May 2020 (source). Interesting data point for gaming focused investors.
This IP agreement will mean more licensing revenue (sweet 90% profit margins) for Games Workshop.
It’s another company on my (too long) watchlist, but I’m waiting as it’s near all time high because of the news.
