Use this space to cheer the creator along, ask questions, and talk to your fellow backers. Please remember to be respectful and considerate. Thanks!
http://store.steampowered.com/app/441340/#app_reviews_hash - 51% of the 37 reviews in the last 30 days are positive.
Now Frontier is resorting to banning in-game to punish a bad review on Steam.
"This company, Frontier Developments is borderline fraudsters, in fact, I'm shocked that there has been no class-actions filed to-date that allows all players, not just backers to file claims against this company. It is only a matter of time as I'm exploring the possibilities of a class-action myself with my own lawyers being as they have opened an office in the United States.
These types of developers give the entire gaming industry a bad name and when they're given a free-pass for whatever reason, more and more publishers jump on the same wagon, because it is much more profitable to simply take your money for a finished product and deliver only 1/5 of a product. This has to stop.
agm? of course i missed that... so anything helpful on the topic?
Frontier 'fesses to to putting DRM in the Elite Dangerous game they sold as DRM-free ... two years late. https://archive.is/MYAMc#selection-1749.0-1771.15
> and what fundraising please, i missed that =)
Sounds like you missed the last Annual General Meeting too, then.
dear @os, one needs to be delusional to think one could impact a share price. well delusional or of the soros/buffet class. again very simple to see where you fit in ^^
and rest assured that i am very happy with my FDEV invest, will keep adding to it when prudent and will sell... probably not for a very long time ^^
and what fundraising please, i missed that =)
deusx_ophc, keep it up FDEV, shareholder. Shame your effort aren't doing any good for the falling share price or FDEV's pitiful £30m fundraising round...
and yet more egg on that face because anyone that actually reads below links would have to agree that there is a troll at work that doesn't need much feeding ^^
still this heavenly place is different @os buddy - so please troll away unitl the end is nigh =) #doom #thargoids
The Frontier Forum Moderators of North Korea are busy today!
"Is frontier in financial trouble?" DISCUSSION IS LOCKED
"Frontier finally gets egg on face for false marketing." DISCUSSION IS LOCKED
we.... are.... dooooooomed!
@os watch out!! there behind you #thargoids!!
"Frontier cans its own $100,000 Elite Dangerous tournament - Is everything okay? * Eurogamer.net"
Also some useful reading for Mr Braben. Better late than never, as they say.
"‘not doing your sums right’ can be disastrous for devs – even if their crowdfunding campaign exceeds its target "
fucking hell @os you keep bettering yourself. that last comment is a beautiful piece of commedy ^^ #doom #fraud
> No idea if they can/should do that. £-8.9m seems to be a *big* number to put in there at the
> end as a footnote. Could be standard practice and "capitalised R&D" could be a very
> important distinction/reason. Alternatively...
It's fraud. Capitalising research intangibles as assets is expressly disallowed by UK financial reporting standards for public companies such as Frontier.
"No intangible asset arising from research (or from the research phase of an internal project) shall be recognised." http://www.ifrs.org/IFRSs/Documents/Technical-summaries-2014/IAS%2038.pdf
Capitalising development is allowed, but only if it meets certain strict rules.
> No idea why the number is known for the period, yet not deducted.
If Frontier made the deduction, investors would immediately see the year's true result. A net loss of £2.9m.
The way Frontier has removed that minus £8.9m to a tiny footnote means the main text shows only positive figures and keeps the word "loss" off the page, thereby increasing the chance that investors will mistake this report to be saying Frontier made a net profit.
> FDEV have cap r&d as asset on their balance sheet last year, too
Not true. They had no capitalised research. They had just a much smaller amount of capitalised development.
> grows the balance sheet, which attracts capital.
Yup, and we can see why that's important to Frontier, having recently voted through £millions of new shares to try to raise more money from investors and so far failed to sell any at all. And seeing a share price dive on bad news of Elite Dangerous performance, and now just announcing a drop in revenue, drop in cash and large net loss.
Doesn't excuse fraud, though.
FDEV have cap r&d as asset on their balance sheet last year, too. there are rules as to when & how a UK plc can cap their r&d. grows the balance sheet, which attracts capital.
the rest can be deduced as per your personal flavour #chemtrails
As someone who continues to not follow (understand) such things, footnote 1 to "...expects to report adjusted EBITDA of £6.1m..." is:
"stated before the deduction of £8.9m of capitalised R&D in the period"
No idea if they can/should do that. £-8.9m seems to be a *big* number to put in there at the end as a footnote. No idea why the number is known for the period, yet not deducted. Could be standard practice and "capitalised R&D" could be a very important distinction/reason. Alternatively...
Frontier Trading Update for the financial year just ended. https://archive.is/lpQms
Net result down £5.3m, to a £2.8m net loss (hidden away in a small-print footnote).
Revenue down £1.5m
Earnings before deductions down £0.9m
Net cash down £1.9m
Frontier' cash is now dropping at a quarter of a million pounds per month (from comparison with April's trading update).
And (as last year) no statement of the rate of sales of Elite Dangerous game copies or the number of active Elite Dangerous players, both of which Steam indicates to be low and falling.
Predictably this truth hasn't stopped the Frontier forum from falsely reporting this update as saying full year sales of ED game copies is 1.7 million. https://archive.is/pxrH0
oi sherlock, feast on this ^^
assets sold, company dissolved and @os on the #chemtrails
a good days work ^^
Frontier shareholder deusx_ophc wrote: "the RNS report by FDEV makes exact and clear meantion of Library House and Mr. Cottons role."
The RNS report by FDEV completely fails to mention that Mr. Cotton's company Library House ended up IN ADMINISTRATION.
Despite that FDEV is subject to the stockmarket's AIM rules under which an director's appointment requires
"the following information relating to each director and each proposed director:
(v) details of any receiverships, compulsory liquidations, creditors’ voluntary liquidations, administrations, company voluntary arrangements or any composition or arrangement with its creditors generally or any class of its creditors of any company where such director was a director at the time of or within the twelve months preceding such events;"
And to cap that off, FDEV added the following false statement to the report: "There is nothing further to disclose in relation to AIM Rule 17 or Schedule Two, paragraph (g) of the AIM Rules for Companies."
"I'm sure Charles is a fine upstanding fellow."
well that is already a lot more than can be said about youself. you take 5 days for a reply and then come up with another fabrication? the RNS report by FDEV makes exact and clear meantion of Library House and Mr. Cottons role.
you need to be careful with your libelous ways
> Charles Cotton is appointed as a Non-Executive Director with FDEV from today.
I'm sure Charles is a fine upstanding fellow.
So why did Frontier deem it necessary to breach stockmarket regulations by failing to declare his directorship of a company in administration? That company being one run by disgraced Dragon's Den star Doug Richard. https://en.wikipedia.org/wiki/Doug_Richard
"The provider of data to the venture capitalist industry has reportedly collapsed after struggling to deal with the economic downturn.
According to a statement from Library House's lawyers given to digital media news website paid:Content:UK: "notice of intention to appoint administrators has been filed in court to protect the assets of company whilst the financial position of the company is reviewed".
The name of the administrator has not yet been revealed and when BusinessZone.co.uk called the company the phone was not answered. Little press coverage has been given to the story but the news has been discussed by members of social network Twitter including one user claiming to be Doug Richard himself.
Cambridge-based Library House's collapse follows the departure of 12 of its 30 staff earlier in the year.
It also comes after it was revealed that Trutap, a mobile social network also founded by Richard, is struggling with the financial conditions.
Entrepreneurs react to stunning EU vote
Leaders vs. managers (and why you need both)
Taking company values off the wall
Earlier this week, the business, which allows users to communicate via instant, text and picture messaging using their mobile phone, made 80% of its 30-strong workforce redundant after failing to secure a second round of venture capital funding.
Charles Cotton is appointed as a Non-Executive Director with FDEV from today.
Charles has a successful worldwide track record in high-growth technology companies. He was a Supervisory Board member of Euronext Amsterdam listed Tele Atlas which was sold to TomTom for €2.8Bn in 2008; Executive Chairman of NASDAQ listed GlobespanVirata Inc.; and CEO of Virata Corp. which he took public on NASDAQ in 1999 and achieved a market capitalisation of $5Bn in 2000.
Charles is an active member of the Cambridge technology community, holding a range of technical and financial roles. He also founded and is currently Chairman of Cambridge Phenomenon International Ltd and has co-authored two books; The Cambridge Phenomenon 50 Years of Innovation and Enterprise and The Cambridge Phenomenon: Global Impact.
that looks an impressive resume!
though i wish @os or @wyzak here would have been considered for such a pivotal role.
their grip on statistics and facts commends them and their well known global status as "dynamic duo" would have been such an asset to FDEV
now i fear for the company
maybe you guys can spin some expert facts in the meantime?!
slightly more intriguing, exciting and in every way shakespearean but no less #toxic news to follow elsewhere... et tu brute?
"Frontier Developments PLC (FDEV:LSE) set a new 52-week low during Tuesday's trading session when it reached 175.00. " - Investors Chronicle
> Let's revisit the factual game scoring:
Plus there's the ED starter pack, scoring even worse. 43%.
Let's revisit the factual game scoring:
Game, objective URL, recent score, overall score
E:D http://store.steampowered.com/app/359320/#app_reviews_hash, 58%, 65%
ED:H http://store.steampowered.com/app/441340/#app_reviews_hash, 65%, 66%
Clearly it's a masterpiece!
Why so many people leaving FD?
Right before anything (this is to try and find out what's going on)
and i don't want this to become a us vs them vs fd moan grind thread of deathathon.
Ok lots of people seem to be leaving the game or at least this forum. player numbers are really down on steam (not that i use it)
We have had possibly the greatest advocate for the game ObsidianAnt of all people posting an unhappy video about engineers update.(someone who loves Elite and has done so much towards the game in user domain)
I'm slightly confused why FD has not furnished us with any info of late. What's going on with the game from the point of view of further releases/updates and what have they gathered from all this? I mean are they sitting there going "well the forum people look angry but player numbers are stable from what the servers tell us?
The reason im posting this is because if there is a major flaw and people are leaving in droves like the doom mongers are saying. where does that leave me and other commanders in the near future? I really want this game to go on and develope and get even better and deeper and richer. I think FD have built and incredible galaxy and base for the game. It would be such a shame for them not to get the chance and for us to have the chance to flesh it out and get things going a bit.
I believe that this really is around the corner. Could we please FD just have some communication because i think that the player base is feeling very lonely out in the big black right now.
A confused and slightly concerned Commander
lol, delusional ^^
deus_ophc "yeah my business is also running to gear on ONE METRIC only!"
Is there even one metric by which Elite Dangerous is doing well? I haven't seen one. Unless you count the money that founder FDEV plc shareholders David Braben and Chris Sawyer have taken out by dumping their stock as the price goes down.
Horizons Steam recent reveiw score now down to 66%, a drop of 5% since the bungled Engineers release.
And of the most helpful recent reviews, it is 10%. Yes, 10%.
yeah my business is also running to gear on ONE METRIC only!
steam reviews ftw ~
what do you do when ED steam reviews hit 0% and game and company are still doing well (as they have done the last 20odd years) ?
Steam recent review score falls to 51% http://store.steampowered.com/app/359320
That's a 5% drop in just 4 days, and an all-time low.
I still like the game and still play it, though not as often.
I like the engineers update as it gives the game a little more personality and a little more reason to do different things. Still a way to go there but it's definitely a step in the right direction.
I was never a min/max player or a PvPer, just plodding around in my spaceship doing stuff at my own pace.
I think this is one of the most important things about the game and how to enjoy it. I'm the same. Never felt I was grinding, if I start to get bored I do something else.
Likewise, I do have 'fits' that are fitted to a task, but right now I'm setting up the Princess Star (my anaconda) as a true multi-role vessel. She has a limited trade ability, can fight, can explore, can land and can scan. I have to juggle with her power settings constantly and loving it! When I have her engineered up a bit she'll be a real multi-role vessel capable of heading off into the void.
My time to play is very limited (if I can put in more than 10 hours in a week, I'm fortunate) plus sometimes there's other games I want to play (my last distraction was Fallout 4) and I do have to switch up control schemes (and thus games) from time to time to avoid doing any more damage to the tendons in my wrist. I also bike and golf during not-winter.
It looks like with Engineers, it may be the end of my primary vessel being an unarmed Cobra Mk 3 courier/explorer (Emerald's Dawn). I've been taking out my multi-role Cobra Mk 3 (Slave of the Empire). Already moved the Dawn's A-rated FSD and power distributor to the Slave, and upgraded its shields and power plant to match. I'll need it, now that it's worth my time to take a few more risks than I used to, including some of those combat missions I used to avoid.
If I ever feel the need for peace and quiet, I'll survey some more planets in Imperial space. I know where to find quite a few of the very rare materials, but I'd like to find better sources closer to home.
This is the best philosophy. The freedom of action
ohhh what is this then ?
THE FREEDOM OF ACTION !!!!
the price drop on friday is ONLY #brexit due. with a bit of luck we get back to GBP 1,50 and sterling staying as is be handy ^^
ps. any comment on ed 2.2? sounds like good direction and i bet deployment will be just the same ^^
@os ok what "loss" of 1,677,000? loss of 1,677,000 brain cells since reading post from @os? or is that adjusted brain cell loss after drink? or is it the loss of your elite:dangerous cdmr since you got wiped by the new ai? show me pls, you can copy past yes? and you can read and comprehend a basic uk a plc report?
deusx_ophc "please quickly grab the #brexit headline and FDEV suffering the single largest drop in their share price history "
To suggest FDEV's share price dive is due to #brexit is pathetic. FDEV's share price drop since the launch of this month's appallingly bugged Elite Dangerous update is nearly TWENTY FIVE TIMES the FTSE 100 drop. https://s32.postimg.org/8hq0fhped/image.png
deusx_ophc "what exactly do you mean when you call "a huge financial loss" on that report?"
Which bit of that report's "loss £1,677,000" do you not understand?
Or is your problem with the word "huge"? Consider that loss in just six months is greater than the entire original Elite Dangerous development budget.
and please quickly grab the #brexit headline and FDEV suffering the single largest drop in their share price history (sry not sure in it is just trying to tag along ^^)
@wyzak lol wut?
what exactly do you mean when you call "a huge financial loss" on that report? you notice the capitalised R&D from EBITDA adjusted?
try and make sense ^^
· Net cash £8.6m at 30 November 2015 (1H 14/15: £9.8m)
· Revenue up 50% to £10.9m (1H 14/15: £7.3m)
· Profit/loss for period £0.4m (1H 14/15: (£1.9m))
· EBITDA £2.1m (1H 14/15: £0.5m)
· Adjusted Operating Result (£1.7m) (1H 14/15: (£1.4m))
· Earnings per share of 1.2p (1H 14/15: (5.7p))
Just can't stick to your word can you deusx_ophc?
deusx_ophc "so last years operating profit of +1,57mio coming after a loss of -1,71mio (an annual swing of 3,28mio GBP) qualifies as huge financial loss?"
No. Last period's net loss of £1,677,000 counts as a huge financial loss. And a rise on one year previously , a net loss of £1,400,000. http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/FDEV/12692904.html
continued huge financial losses?
so last years operating profit of +1,57mio coming after a loss of -1,71mio (an annual swing of 3,28mio GBP) qualifies as huge financial loss?
you are a trumpster are you not?
deusx_ophc "really looking forward to the year end figures due to be published in the next few days "
They're already prepping investors for the bad news.
"second half revenues will be substantially below prior expectations."
It will be be interesting to see how Braben will try to put a positive spin on the continued huge financial losses and dive-bombing performance of Elite Dangerous.
really looking forward to the year end figures due to be published in the next few days ^^
and really really looking forward to what the autumn brings for Elite:Dangerous this year. 2015 wasn't half bad =) #horizons
Another week, another FD patch attempting to fix its extremely badly received Engineers expansion.
Steam owners drop since Engineers now over 20,000. http://steamspy.com/app/359320#tab-sales
Steam players drop since Engineers now over 15,000 http://steamspy.com/app/359320#tab-audience
Steam review score for the game down another point. http://store.steampowered.com/app/359320/
Steam review score for this Horizons season down another point. http://store.steampowered.com/app/441340/
This review sums it up. "After an impressive debut in terms of the graphical and audio parts of a space sim, David Braben's promises after two years have come to nothing. With a massive budget and initially huge support, the developer has failed to utilize these resources in any professional way. This just feels like a cash grab now, and ten more years of cash grabbing to come - if the game survives."
just another day in the office for the update kings at FDEV - great work on 2.1.03!!