 or a Formula 1 team (F1 Manager). In recent years the company has picked up the pace of new launches and it expects to continue to grow sales by about 20pc a year on average. Profit growth should also be strong. Liberum has forecast sales of about £161m in 2024, compared with £114m for the year to May, and said it expected pre-tax profits in two years' time of £23m; the figure was just £944,000 this year thanks to exceptional items but was £19.2m last year. The shares trade at 22.7 times the broker's forecast of 58.2p earnings per share for 2024. This is not excessive for a fast-growing stock. We'll hold on. Update: Samsung We made this stock our tip of the year in January 2021 but it has not worked out well and the shares at $1,129 have lost 40.8pc of their value in dollar terms. The decline of sterling cuts the loss to 30.4pc. The Allianz Technology Trust, whose then-manager, Walter Price, put us on to the company, has now sold on the basis of slowing demand for the products in which Samsung's memory chips are used and we will, with apologies to readers, follow suit. Sell. Read the latest Questor column on telegraph.co.uk every Sunday, Tuesday, Wednesday, Thursday and Friday from 6am. Read Questor's rules of investment before you follow our tips){kind=link}
Questor stock picks: video games company Frontier Developments soared during the pandemic but then crashed. We’ll assess its prospects now
We were unquestionably right to advise readers to buy shares in Frontier Developments, the video games company, at £11.50 in March 2020. Whether we were right to say hold on seven months later at £26.30 is more debatable.
The reason for that astonishing leap was, of course, the pandemic. As we had written in our March tip, “if the global economy grinds to a halt because of coronavirus, we might as well sit at home in self‑isolation playing video games”.
Frontier took full part in the craze for “working from home” stocks and tech more generally and the share price went on to reach £33 in January last year.
But like so many others in those categories the gains started to evaporate as last year wore on and – not helped by a profits warning a year ago – the shares are now back at £13.20, just 14.8pc above where we tipped them.