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Like many game development companies, Frontier Developments has not been idle over the past five years. A business that started as a work-for-hire developer writing games for third parties has been transformed into publisher of its own video games, on the surface similar to other quoted publishers but in my opinion a classier act. The proo... ...
A euphoric £2 jump this month to an all time high after Future said the first four months had seen strong audience numbers within Media, which has led to strong e-commerce and digital display advertising revenues. Despite the shadow of Brexit, Future said profits would be “significantly ahead of market expectations.”Separately, Future has gone... ...
The shares soared after an outstanding set of results with sales up 48% to £124.6m (11% organic), again well ahead of expectations. Pretax profit was £17.4m for eps up 32% at 24.3p.Media hit the ball out of the park with an 88% jump in sales to £64.2m (a very impressive +40% excluding acquisitions), accelerating on the 62% grow... ...
Future has announced the acquisition of the B2C business of Purch for US$132.5m/£100.1m. To fund the deal it is carrying out a rights issue at 303p on a basis of 3 new shares for every 4 shares held.This acquisition is a larger step up than the earlier US purchase of Newbay. Purch’s business is also more closely aligned with Future&r... ...
During the month I met with Future to catch up following the two recently completed transactions, Newbay Media in the US and four specialist titles acquired from Haymarket in the UK, which came as a single package. The price paid for each is approx £10m but they offer different opportunities.As chief executive Zillah Byng-Thorne explains,... ...
The shares went into orbit after Future reported interims to end March, which were well ahead of everyone’s expectations. Electrifying the performance was that Media has grown to be larger than the Magazine division for the first time. As it was, H1 sales were up 25% to £51.1m (7% organic), ie. some £3m ahead of forecast.... ...
A second acquisition in as many months, this time over the pond. Future has acquired Newbay, a US-based business, for an initial US$12.25m cash plus 283,692 shares, with a further US$5.60m cash to be paid next January based on performance.Newbay is a B2B provider of information and events in the audio visual and television broadcasting areas. Ne... ...
Future has acquired five specialist consumer titles from Haymarket Media for £14m in cash and shares - equivalent to 1.2x revenue. These are What Hi-Fi?, Stuff (men’s lifestyle), FourFourTwo (football), Practical Caravan and Practical Motorhome, which add a couple of new communities in sport and outdoor. The deal is expected to be ea... ...
Full year results to end September saw sales up 43% to £84.4m and pretax profit up from £2.6m to £8.3m. Adjusted eps were 21p. Magazines grew 43% to £50.3m and benefited from the added scale and operational efficiencies following the acquisitions of Imagine, Team Rock and Home Interest. Apart from its ability... ...
I have been writing SCSW for 24 years, unlike many journalists in the newspapers who have been doing what they do for 18 months. Consequently, I have seen a lot of companies go through their ups and downs over the years. When I dusted off my file on Future, I was rather surprised that the first time I met with the company was way back in 2002.At... ...