Frontier Smart Technolog... Share Discussion Threads

[blueteam] 12/7/2019 07:42

They buy any shares going towards 50%, they may be all ready there if the collection of 10 million for them is complete. All over at 35p.

[john09] 12/7/2019 07:28

So what happens today 🤓

[the drewster] 12/7/2019 07:06

Looks like Chelverton may have sold out based on the info in the major shareholders section:

Chelverton Asset Mgt. 2,200,000 5.40%

[the drewster] 12/7/2019 05:32

Another holding RNS will show who sold the 2.2m (c.5%)

[nod] 11/7/2019 23:42

SAG may have to raise its public offer or buy blocks off-market from institutional holders. If SAG can't complete its hostile offer and is left with a significant shareholding in FST, what are the scenarios?

[varies] 11/7/2019 20:51

mammyoko
We take opposite views on SAG and such differences make a market.
Certainly the purchase of FST, if it proceeds, makes a very interesting and probably speculative digression for SAG but I believe that the SAG management is qualified to make a success of it.

[john09] 11/7/2019 16:55

We are over the offer price .

[john09] 11/7/2019 16:55

Well you assume SAG bought them

[she-ra] 11/7/2019 16:35

Maybe deramping isn't your forte

[mammyoko] 11/7/2019 16:17

Looks like SAG picked up 2.5m today but still well short of 50.1% threshold. Going to have to try new tactics if there isn't a rush to sell tomorrow.

SAG at serious risk of over-paying for this, imo. Seems a poor fit to bet their entire cash resources on which would make me concerned that this is an acquisition for acquisition's sake. They previously put themselves up for sale and didn't get any parties willing to pay up so this feels very much like a throw of the dice and an odd one to do it on.

[varies] 11/7/2019 13:00

Birkenhead
I 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.

[blueteam] 11/7/2019 07:25

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.

[p1nkfish] 10/7/2019 22:01

she-ra, I've made money here!
I gather you always both and hold forever.

[blueteam] 10/7/2019 16:05

They may have to up the bid, don't know how many off the 10 million they are after is being collected by their representative. Each day less and less trade.

[john09] 10/7/2019 16:02

No volume again

[blueteam] 10/7/2019 14:59

The sale will put a stop to all that, pity not more but HEY the deal will go through and just hope they get enough shares by monday to stop any bonuses going through.

[blueteam] 10/7/2019 07:09

Think that may be a trend by the end of the week. Expect Friday could be a busy day.

[killieboy] 09/7/2019 18:44

Sold my small stake today - goodbye and good luck to those who are hanging around!

[she-ra] 09/7/2019 16:04

p1nkfish - You missed out on 135% gain cause you thought you could get in cheaper by deramping Frontier, even going so far as using multiple aliases to kick it.

Why on earth should anyone listen to your judgement on institutions.

Their sole purpose is to maximise their investments. Learn from them!

[john09] 09/7/2019 15:15

And still no one sells. I bet science group are fuming

Shareholders perception of value here (and no doubt their paper losses) is literally the only saving grace for the board

[p1nkfish] 09/7/2019 11:53

Any institution with confidence in FST management is an institution I would pull money from immediately.

[blueteam] 09/7/2019 08:24

I don't think there are that many small holders left in % terms, and rest owned by management and institutional holders. Expect news this week that science have gone all out and done.