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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Frontier Smart Technologies Group Limited | FST | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 25.50 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 25.50 | 25.50 |
| Top Posts |
|---|
Posted at 03/8/2020 02:53 by grity Would you Adam & eve it! The company behind the multi million £ order OF RAPID covid 19 tests (DnaNudge)is non other than chris Toumazou CEO Of TMZ/FST |
Posted at 25/10/2019 18:11 by life of crime The cheque has landed on the doormat. Sad end to what could have been a great story. As I have said before, I will be recycling some of my meagre return on this one into Science Group because Frontier will be a cash cow from next year onward, which explains why SAG were so aggressive in acquiring the firm. Don't get mad, get even.Good luck to all TMZ/FST shareholders past and present with your future investments. |
Posted at 03/9/2019 18:23 by life of crime Indeed, Sethill selling up tells us all we need to know. His game is up and not before time.FST will be the property of Science Group by November and I expect they will make a much better job of running it. My final contribution here is that investors should share in Science Group's good fortune in getting Frontier for peanuts by investing in SAG's stock themselves. Good luck to all current and previous FST/TMZ shareholders for the future. |
Posted at 28/8/2019 14:01 by life of crime Well, it looks like the game is up. This latest news surprised me but it is clear Science know a bargain when they see one:I should have sold at 35p but my losses on this one meant 10p either way made little difference. Once they confirm they have the 75% needed to force through the 25p deal, which I expect in the next few days, then I am going to invest my meagre return in Science, as they will get the benefit of FST cleaning up in Europe as it goes DAB. Science are putting their money where their mouth is. Hopefully they will boot out the CEO and CFO as part of the merger and then it is countdown to the money pouring in from 2020 as France, Italy and Switzerland move to DAB as standard. Sad that is has ended in a whimper but I am glad to see the back of FST and will be watching my future investment in Science with interest! My advice, FWIW, is don't get mad, get even and invest in Science Group. |
Posted at 21/8/2019 10:08 by varies Having placed an order about a fortnight ago to buy shares at 31p, I must be thankful that it lapsed.SAG seems to be striking a very hard deal. I was expecting them to extend or renew the offer. SAG can now increase its proportion of FST's capital at only 25p with little restriction. So it is hard to see how the FST can recover to the 35p recently available. |
Posted at 18/8/2019 14:41 by life of crime At least with the departure of the NEDs and the Chairman, the CEO and CFO are less well protected and they need to go. I think SAG are going to need to put their hand in their pocket once Sethill and Apps are cleared out, in order to prop up the balance sheet while they restructure FST's debt.It looks as if Science Group are not interested in taking the firm over, with all the administrative overheads that go with it. By holding 47% and having seats on the board they have huge influence but they can allow a new BoD to take responsibility for turning the firm around. I just hope that behind the scenes they are using headhunters to line up a new CEO, while presumably SAG's own CFO will manage the financial aspects eventually. All they need to do is steady the ship this year, cut out everything apart from the DAB division and then wait for the cash to roll in next year as France goes DAB as standard, with Italy and Switzerland not far behind. I am warming to SAG, as they see the potential in the business and seem to see this as a very profitable investment longer term. If FST turns out to be a cash cow over the next 2 or 3 years the share price could be light years from the current lows. If an industry buyer was interested at that point, they would have to be very persuasive with their chequebooks towards SAG if they wanted them to part with their 47%. If that is the strategy then what is good for SAG is good for the rest of us investors. I am still holding my shares and if they can sort out the short term finance issues and get a respected new CEO to slim down the business, I think we will see a bounce in the shares and a rosy prospect for the next few years. The sooner Apps and Sethill go, the better. They are proving what has long been suspected, i.e. they have treated FST as if it was a private firm and focused on their personal interests, not those of the shareholders. They should fall on their swords but are clinging onto their jobs (and high salaries) for as long as possible. In a way you can't blame them; after all, who would want to employ either of them after what they have done at FST! |
Posted at 07/8/2019 10:58 by nod Iamnoone, SAG will not diversify if FST customers walk i.e. go to another supplier. The greatest risk in a hostile takeover is alienating management and employees, and thereby alienating customers. FST doesn't have a monopoly. How does SAG ensure that FST customers will continue to buy from FST despite the change of ownership. Even a 10% loss in sales would be bad for FST/SAG. |
Posted at 07/8/2019 10:11 by iamnoone NodI don�t believe that they are looking for customer/business contacts. They already have those. SAG are looking to diversify their revenue stream away from their consulting businesses, if you read through previous RNS statements/reports from SAG. FST was a way of doing that. Having a large minority stake in FST gives them more flexibility and reduced risk if things do go wrong. |
Posted at 16/6/2019 00:23 by p1nkfish rmart, FST can do little without SAG say so if there is an alternate offer. They have FST by the short and curlies. Similarly, FST can cause severe aggro to SAG.FST management only have themselves to blame as it's all related to poor performance. They probably just don't want someone keeping a close eye on them. I doubt an arbiter would help having thought about it. No one on the FST side would co-operate as they are likely out the door when a credible purchaser takes over. Who would want to keep them? |
Posted at 14/6/2019 13:40 by mammyoko Quite clear that the BoD aren't going to recommend a bid at 30p. So SAG had better come up with a better offer as can't see M&G accepting 30p when the market is indicating that is too low. FST clearly has some technology that SAG think they can exploit as this is a long way from their core activities. SAG are suggesting that the presence of a credible industry player is a fiction. But given FST's collaborators there is every chance that it is genuine and that would (partly) explain their refusal to engage. If it is any of the credible industry players referred to in FST's accounts, SAG are seriously outgunned. They can huff and puff as much as they want but until they come up with a reasonable offer it will just be a load of noise. I don't see any great sales volume in the market suggesting that holders are interested at the 30p level |
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