Frontier Smart Technolog... Share Discussion Threads

[blueteam] 07/8/2019 13:02

oh open to buy now, risky but could be risk / reward play. Will see. Sold mine for 35p on offer a while back. Will be watching

[blueteam] 07/8/2019 12:03

thinking if more sellers will come out at this price

[nod] 07/8/2019 11:58

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.

[iamnoone] 07/8/2019 11:11

Nod

I 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.

[varies] 07/8/2019 10:13

Last week I put on an order good for several days to buy 20,000 shares at 31p and learnt on Friday afternoon that my order had lapsed.
Looking at today's price I have no regrets but I may perhaps try again.
It does seem strange that this modest order could not be executed as a number of small deals, presumably sales, were recorded at about 28p.
I suspect that the market makers are accumulating stock in the expectation (which I share) that SAG will eventually extend its 35p offer.
Thank you, iamnoone, for referring us to SAG's general policy statement.

[nod] 07/8/2019 10:07

So.... SAG owns 47.6% of FST and has control of the Board. They probably want to get their feet under the new Board table and decide whether they need the business knowledge or customer contacts of Sethill and Apps. SAG will not want to lose customers. If the management level below Sethill and Apps stay onboard and are competent, then the two greedy pigs will be removed from the trough and taken to the slaughterhouse. Is that cheering I hear?

[langham77] 07/8/2019 08:39

Sethill and Apps need to step down from the Board Clueless Clowns

[iamnoone] 07/8/2019 08:05

From an earlier post:
I have read SAG strategic review and the following statement might explain what they are trying to achieve.

——


However, the Board has decided to broaden the target criteria in order to deploy the Group's capital and management resources to enhance returns for shareholders. As a result, larger acquisitions will be considered which may or may not have any synergies with, the Group's existing operations, if the Board considers that value can be created. Furthermore, the Board will consider opportunities to acquire a major shareholding rather than make a full acquisition, if appropriate.

There is no certainty that acquisition opportunities that satisfy the Board's requirements can be identified or that transactions can be completed on acceptable terms. However, the Board will now adopt a wider mandate upon which to deploy its resources.

[varies] 30/7/2019 21:41

Having sold my pathetic little holding at 35p I am now seeing if I can buy them back and a few more at 31p. No luck so far.
At some point I expect SAG to revive its offer for tidiness sake.

[langham77] 30/7/2019 21:18

Board Changes that's a Certainty the only Board they should be on is a Monopoly Board .

[the drewster] 30/7/2019 07:28

Board changes ... just the start.

[1goldfish] 29/7/2019 08:50

They can also delist the shares from aim, which means that while it's possible to still own them, you can't do so inside a sipp or with some brokers, which means typically the price nose dives.

[life of crime] 28/7/2019 14:22

It has gone very quite on the news front. Perhaps next week we will get an RNS confirming that Science Group have acquired the 3% of stock they need to get over the 50% threshold and complete the deal. At that point they can acquire the remaining shares at 35p whether we holders like it or not.

It is all done bar the shouting and I just wish they would get on with it so I can reinvest some of the cash from this takeover into Science Group, becasue FST will be a cash cow from next year onward as France, Italy and Switzerland go DAB as standard. The EU parliament has passed the legislation that allows all member states to follow France and Italy's example, which I believe they will do in due course. Just imagine the revenue Science Group will get from that over the coming years, as Europe goes DAB.

I would not be surprised if the UK Government follows the French route of making all radios DAB compatible, as a precursor to switching off the analogue signal at some future point. However, I doubt that will happen before an election which I think will happen inside the next 12 months.

Good luck with your future investments.

PS. In response to 1goldfish below, the link explains the AIM delisting process. Para 3, under the heading "The Delisting Procedure", makes clear a 75% majority is required at a meeting of shareholders to delist. I expect Science Group will get across the 50% required to make it officially unconditional and settle up with the rest of the holders at 35p. They know it is already a bargain, so why quibble over a few pence per share?

[the drewster] 25/7/2019 10:08

29.211 if you can't, or don't want to, wait for the administration to sort out the 35p

[langham77] 24/7/2019 22:37

The only thing Sethill the Clown and his Stooges are capable of are destroying a potentially good profitable company . Clueless Clowns

[the drewster] 24/7/2019 16:37

Selling sub 30 today!

[supernumerary] 22/7/2019 20:00

It seems a bit weird - you'd think it would get arbitraged away...

[life of crime] 22/7/2019 19:03

This is the definition I found for unconditional:



As Drewster has said, I think regardless of the Cayman status Science will just buy the remaining 50% at 35p. They are getting a complete bargain, so it is easier for them to treat the remaining shareholders on the same terms to avoid controversy or reputational damage.

Goodbye to this awful management. I may use some of the cash I will receive from this, after my losses, to invest in Science Group and share in the upside they will get from FST. The cash will be rolling in via France, Italy and Switzerland from 2020 onwards as they move to DAB. Don't get mad, get even.

[the drewster] 22/7/2019 17:35

I'm not entirely sure, but by declaring the offer unconditional I'd say they'll buy the others at the offer price.

[p1nkfish] 22/7/2019 17:32

If you are correct, and it falls far enough, it's a quick buck made. I thought the Cayman registration meant different approach.

[p1nkfish] 22/7/2019 17:31

Are you sure TD, its Cayman Islands.
Can't they offer what they want to henceforward?

[the drewster] 22/7/2019 15:11

You'll still get 35p, but only when the takeover is finalised, which means that you have missed the opportunities elsewhere.