Delightful reporting | AI attributes | Puzzling business
Our review here includes our thoughts on the latest update from a popular developer of video games, whose shares have been on the recovery path. Another large AIM company continues to highlight its AI credentials, which helped lift the shares, despite somewhat underwhelming results. Elsewhere, we puzzle over the business model and valuation of an EV charging app and delight at results from an elderly industrial group.
Client portfolios managed by our associates, Fundamental Asset Management, may hold shares in companies covered here. Frontier Developments: recovery continues, but is it in the price? The latest trading update from video game creator Frontier Developments (AIM: FDEV), offered further encouragement that it might be through the worst. Results for its financial year to 31 May 2024 are now anticipated to be ahead of previously revised expectations, although these were downgraded on several occasions previously. Strong back-catalogue performance in the second half of the year and the successful release of Planet Zoo: Console Edition in March means that revenue is…