Video game nightmares
Another big profit warning from one of AIM’s video gaming groups saw the shares tumble, we aren't surprised, as you can discover here. Thankfully a sector peer looks in better shape.
The video gaming sector benefited from a highly supportive trading environment over lockdown lifting the shares of AIM’s video gaming groups, which also saw two of them being acquired. Unfortunately, the boom times are over (for now at least) with the shares of several having slumped and the key festive trading period offering little to cheer about. The last Frontier Shares in Frontier Developments (AIM: FDEV), the Cambridge based developer and publisher of videogames, fell 42% following another disappointing trading update. Following contributions from two new game releases, F1® Manager 2022 and Stranded: Alien Dawn, alongside the ongoing material revenue…