Share Price Performance Of Two FTSE Stocks – Manolete Partners Plc and Frontier Developments Plc

  • Nov 07, 2019 GMT
  • Team Kalkine
Share Price Performance Of Two FTSE Stocks – Manolete Partners Plc and Frontier Developments Plc
Manolete Partners Plc

Manolete Partners Plc (MANO) is a London, the United Kingdom based financial services company. The company’s primary business activity includes investments in insolvency and insolvency related claims. The company has invested in approximately 300 insolvency related claims across the United Kingdom and has completed over 200 insolvency cases, which supported in delivering excellent value to insolvent estates. The company is currently operating on around 100 live cases, out of which around 90 are acquired instead of being funded. The company reports that it is unique in terms of its operations as compared to the other litigation funders who do not undertake risk. The company acquires the entire risk on every project and then works in a three-sided partnership with Insolvency Practitioners (IP) and their litigators or advocates to assure that only the valid and meritorious claims are taken on and resolved. The company makes large up-front payments in cash to release the work in progress pressure and to fund the investigation work that may be required in the future. In terms of all the acquired cases, the company supports the work of the Insolvency Practitioners and advocates so that they can make recoveries for the creditor. The company always underpins the entire risk on its books. Creditor parties also get payments between 50 per cent to 90 per cent of the final returns. The company bears the entire cost in case of the failure of the case.

MANO Latest News

On 1st October 2019, the company made a press release regarding the retirement of Mr Patrick Lineen as the Chief Financial Officer (CFO) of the company by the end of December 2019 post the successful Initial Public offering that the company made in the previous year. The company reported that Mr Patrick stepped down on 7th October 2019. The company also announced the appointment of Mr Mark Wrenford Tavener as the new Chief Financial Officer of the group to replace Mr Patrick. The company announced that he will stay with the board until 27th November 2019, to ensure a smooth transition.

The company will come up with its unaudited results for the six months ended 30 September 2019 on 21 November 2019 (Thursday).

MANO Share Price Performance

On 7th November 2019, at 10:40 A.M. GMT, by the time of writing, Manolete Partners Plc’s share price was trading at GBX 470.00 per share, a decrease of 1.05 per cent or GBX 5.00 per share as compared to the previous day’s closing price, which was reported to be at GBX 475.00 per share. At the time of writing, the Manolete Partners Plc share price was trading 147.36 per cent above the 52-week low share price, which was at GBX 190.00 per share, set on December 14, 2018. This was also 24.19 per cent below the 52-week high price at GBX 620.00 per share, which the company’s share set on May 02, 2019. Manolete Partners Plc’s market capitalisation has been reported to be at GBP 206.96 million.

The average volume of trading per day, for the last one year in the market, was 14,210 stocks. The share has reportedly shown a positive change of 142.26 per cent in value since it was listed on the London Stock Exchange on 14th December 2018, from the price of GBX 194.00 per share. There also has been a negative change in the last six months in the value of Manolete Partners Plc’s share of about 9.61 per cent from the price of GBX 520.00. Manolete Partners Plc’s share has also reportedly gained 2.17 per cent in value in the last one month from the price of GBX 460.00.

Frontier Developments Plc

Frontier Developments Plc (FDEV) is a Cambridge, the United Kingdom based Leisure company that is engaged in the business of the development of non-game applications, such as gameplay design, and User Interface for some of the most popular video game companies as well as animation companies in the world. The company has formerly developed designs for third party video game publishers such as the likes of Amazon, Microsoft, Konami, Atari, which were all backed by Cobra. The titles of some of the best games that the company has helped in the development for are Planet Zoo, Jurassic World Evolution, Elite Dangerous, Kinectimals, Zoo Tycoon, Planet Coaster. The company engages in the development of these games using its on proprietary technology. The company is also in the business of selling merchandise and game accessories, as well as the video games that it publishes from its website. The company also allows custom designing on these merchandise on its website, with a wide range of design tools available for customers using its in game designs and pop culture references. Frontier Developments also sells a wide range of books that include multiple stories related to its games as well as storylines that are further continued in the games. These books are sold in both hard and audio formats. All of the company’s published video games are available across various platforms like personal computer (PC), Microsoft’s XBox360, Sony’s Play Station 3, Apple’s iPhone operating system (iOS) as well as on Nintendo’s Wii U platform.

FDEV Latest Updates

On 6 November 2019, the company released an update on successful release on PC of Planet Zoo, an ultimate zoo sim, as planned, on 5 November 2019. It allows players to experience a journeying campaign, create unique surroundings and vast backdrops.

FDEV Financial Performance

On 4th September 2019, the company made a press release in which it announced its annual unaudited results for the year ended 31st May 2019. In terms of its titles being published during the year, the company highlighted that they got to the company’s biggest video game launch up until now, since establishment with the title, Jurassic World Evolution. The company reported that it was released in June 2018 along with the launch of another title called the Jurassic World: Fallen Kingdom film. The game reported to have sold 1 million units within five weeks of its launch and 2 million-unit sales within seven months of its launch, which is a record number for the company. The company's strategies of supporting and developing its published titles by leveraging its concurrent community engagement, making the updates to the titles available for free, and chargeable premium content or as it is known as, Paid Downloadable content has continued to deliver growth. In terms of financial highlights, the company reported that the revenue for the year increased by more than 160 per cent year on year to £89.7 million in FY 19 as compared to the revenue in FY 2018 at £34.2 million, which was 2.4 times the former highest revenue of £37.4 million that the company achieved in FY 2017. The company reported the operating profit at £19.4 million, a massive growth of 593 per cent year on year as compared to the FY 2018 operating profit at £2.8 million and significantly more than the former highest operating profit of £7.8 million that the company achieved in FY 2017.

Financial summary FY19 (12 months ended 31st May 2019) FY18 (12 months ended 31st May 2019) Change (%)
Revenue £89.7 million £34.2 million + 162%
Operating profit £19.4 million £2.8 million + 593%
Operating margin % 22% 8% + 14pp
EBITDA £29.0 million £9.4 million + 209%
EPS (basic) GBX 45.4 GBX 9.6 + 373%
Operating cash flow £15.4 million (£2.8 million) n/a
Net cash balance £35.3 million £24.1 million + 46%

Source: Company Website

FDEV Share Price Performance

On 7th November 2019, at 10:25 A.M. GMT, by the time of writing, Frontier Developments Plc’s share price was trading at GBX 1228.00 per share, an increase of 1.15 per cent or GBX 14.00 per share as compared to the previous day’s closing price, which was reported to be at GBX 1214.00 per share. At the time of writing, the Frontier Developments Plc share price was trading 68.21per cent above the 52-week low share price, which was at GBX 730.00 per share, set on December 27. Frontier Developments PLC share set a new 52-week high price in day's trading session. Over this period, the share price has been reported to be up by 25.82 per cent. The market capitalisation (m-cap) of the Frontier Developments Plc has been reported at GBP 472.39 million.

By the time of writing, 26,000 of the company’s stocks had been traded in the market. The average volume of trading per day, for the last one year in the market, was 35,960 stocks. The share has reportedly shown a positive change of 23.29 per cent in value in the last one year, from the price of GBX 996.00 per share. There also has been a positive change in the last six months in the value of Frontier Developments Plc’s share of about 19.223 per cent from the price of GBX 1030.00. Frontier Developments Plc’s share has also reportedly gained 22.80 per cent in value in the last one month from the price of GBX 1000.00.

The beta of the Frontier Developments Plc’s share has been reported to be at 1.1213. This implies that the movement in the company’s share price is more volatile in nature, as compared to the movement of the benchmark market index.

 

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