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11 June 2020
By Maynard Paton
Has the market become too obsessed with ‘pandemic-proof’ shares?
I ask because my SharePad screening has brought Frontier Developments to my attention.
The shares of this computer-game developer have leapt 66% so far this year as industry sales rally during the lockdown.
However, Frontier’s accounting looks rather questionable and the near-£800 million market cap seems completely mad. Yet nobody seems to mind given the company’s apparent resilience to Covid-19.