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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 03/9/2019 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 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 20/7/2019 15:19 by life of crime Science Group are very much in control now. I think they may keep extending the offer period and the Panmure facility so they can pick up the remaining 7% they need.As I said in my last post, I am seriously considering offloading next week because I did not expect them to get another 8% of the stock this week and move so close to the finish line. 35p looks as if that is as good as it gets because I cannot see a rival bid at the last minute and they would need Science Group onboard, when they obviously want the business for themselves. The crumb of comfort for investors is that Sethill and Apps will be out of very comfortable jobs and what other firm would want them in senior positions after they trashed the Frontier share price by around 90%. This is one of the reasons I no longer invest in shares and am waiting for my legacy stocks, like this one, to be bought out or sold, as in this case. It is a real shame because in another 12 months they would have seen the cashflow increasing markedly, as France goes for DAB as standard next January, which is precisely why Science are so keen to acquire Frontier at this rock bottom price. |
Posted at 19/7/2019 06:10 by blueteam Sad day for many long term investors as the will be forced to sell at 35p by 13.00 or take the real risk of a big share price drop. Now Science group on 43%, so by end of day should be over 50% or very close. Board will be voted out on the takeover to end their big bonus and shameful running on the company. |
Posted at 12/7/2019 18:02 by life of crime Well it looks as if Science Group are well short of the 50% but have increased to 35%. I cannot see them getting the shares needed by the Tuesday deadline so it seems the major investors are sitting tight.If Science are forced to walk away then I think the major holders need to shake up the BoD by getting rid of Sethill and Apps and make the chairman, Hossein Yassaie, the new CEO. He made some bad errors towards the end of his time at Imagination Technologies but also made them the world class firm they became. He also steered them through choppy waters in his early days as CEO, when they lost two major contracts including the Sega Dreamcast. The current BoD were ready to sell us out with a lousy 2p increased offer. Then they could not even get that right because of a disagreement on the board structure, i.e. they wanted to keep their jobs or wanted a massive pay off instead. If they can remain independent for the next year or two with new management then the cash will be rolling in, when France and Italy make DAB standard and the Swiss turn off the analogue signal. A new BoD should focus solely on DAB and close down the smart speaker/home division, as it is a bet that has not worked out and would result in immediate cost savings. I have not accepted the offer but am so sick of the management that if the sale goes through then a part of me will be pleased to see the back of it. It would be a shame because there is so much potential from 2020 onward. However, as Warren Buffett always says, the most important component he looks at when he makes an investment is the management. How true! |
Posted at 11/7/2019 12:00 by varies BirkenheadI enjoyed your witty allusion to the pocket-filling propensities of our directors. My modest holding (bought at nearly 200p) is contained in my ISA with Barclays Smart Investors (not a propitious name) and I have been surprised to receive no notice of the "Corporate Action". I shall hold on and let myself be bought out later if the bid succeeds. More interesting for me is the bidder. I am lucky enough to have a decent-sized holding in Aptitude plc, formerly Microgen. Mr Martyn Ratcliffe, the chairman of the Science Group and a major shareholder, was in charge of Microgen for about 20 years until 2015 and very successful with it. I suggest that this company is well worth a look. I cannot pretend to be a disinterested party as I have been buying SAG shares recently and may buy more. There seems to be an ample supply at about 199p. |
Posted at 11/7/2019 06:25 by blueteam Expect most small investors will be selling tomorrow as deadline to accept offer is noon on Monday for those held in SIPS and some holding accounts. |
Posted at 06/6/2019 15:29 by blueteam Good spot. I do think the bid is coming and if they do buy more can only see the top being 40p - 50p. So for long term holders not really any good unless the risk / reward of topping up. For new investors would be a good risk / reward at these levels. We will see |
Posted at 28/5/2019 15:32 by john09 I wish I saw that initial move to 30p I’d have piled in. All these savvy investors have had this one a watch list waiting for volume and a closing of the gap between 26p and 30p which always signifies a second bid . Shame I was in the swimming pool lol |
Posted at 10/5/2019 09:46 by birkenhead Have to say I am shocked to mostly agree with something she-ra wrote:'What I'm more concerned about is whether Sethill and his crew are trying to get this company back on the cheap i.e profit warning, then placing, then delisting etc. He controls the flow of cash. He controls R&D. He can really make this easy for himself to buy on the cheap if he wanted. (I really hope this is not the case) I was very concerned that FST didn't RNS the launch of the new DAB chip that seems to be a game changer. I think its time M&G investments protected their own investors and boot Sethill out.' I doubt that the new DAB chip is that much of a big deal because we would have seen a happier Mr Market. I would not be sorry to see worthless Johnny Appetites go, and believe he and Mumbles should return their bonuses and have their salaries slashed, but is it possible that Mumbles might still have some uses in a lesser role with shackles attached and his greedy piggies kept out of the shareholder pie? I hope to see Patrick Hannon in charge if he has sufficient knowledge and expertise of all FST markets and not just DAB. Is there anyone else who could take the helm? |
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