Planet Coaster now above 400,000 sold copies & FDEV shares hit 300p

According to SteamSpy Planet Coaster has now sold in 411,000 copies, which was close to my estimate for 2016. And it is standing strong in the Steam Winter Sale, currently at number 3.  But remember, 400,000 is still about 9.6m less than the approximately 10m units sold of the RollerCoaster Tycoon series, which was developed but not distributed by Frontier. So I am expecting Planet Coaster sales to continue to grow and grow and grow...

On the back of the success of Planet Coaster, Frontier Developments shares hit 300p last week, which happened much faster than I expected. But in my view 300 is just a pit-stop before moving to 450p which is closer to a normal valuation of the company in my view.