Frontier Smart Technolog... Share Discussion Threads

[p1nkfish] 15/7/2019 22:50

Most likely the offer will lapse and the statement below has importance. As the price can fall, every chance SAG could pick up stock cheaper? They don't need to sell down to < 30%.

As FST are outside UK City Code it gets interesting as being clever will tangle up the BoD and probably not be in the best interest of shareholders.

"........Frontier is not within the jurisdiction of the UK City Code on Takeovers and Mergers ("City Code") and the provisions and constraints within the City Code do not apply to Frontier."

[the drewster] 15/7/2019 07:56

BoD desperate to hold on to their massively overpaid roles reading between the lines, and who'd blame them? Hard to see how they can ever be employed again after their stellar performance here.

[john09] 15/7/2019 07:09

It’s all kicking off again . I’m also expecting a TS today

[firw00d] 13/7/2019 15:00

Lol apart from yourself of course, you started acquiring from 200p and continued all the way down.What a plonker !!!

[moizz] 13/7/2019 00:15

37p offer expired. Back to 35p

[life of crime] 12/7/2019 19:02

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!

[john09] 12/7/2019 18:39

So no one is gonna sell shares at 35p now and that means SAG can’t get there 50%

Really chavvy tactics by FST but it’s worked In terms of scuppering shareholders ditching at 35p I reckon

TS On Monday let’s see what they have up their sleeves 😂

[mammyoko] 12/7/2019 16:28

SAG - taking ineptitude to the next level!

[she-ra] 12/7/2019 16:23

Ooops! shame I didn't see the RNS at 3pm.

[she-ra] 12/7/2019 16:14

All these people who have sold and are now desperate SAG don't raise their offer.

How sad.

[firw00d] 12/7/2019 16:13

john09 22 Jan '18 - 11:04 - 856 of 1451Did you sell at £1.91 NW99. You'll regret that Nooo you regret that joe ???

[mammyoko] 12/7/2019 16:10

Sticking at 35p!

[firw00d] 12/7/2019 15:53

Look at your FST trade joe. Now that's the worst trade you've ever seen

[john09] 12/7/2019 15:27

37p it is then

[tommygum] 12/7/2019 14:13

Management should have expedited an MBO when this aggressive takeover started. At least given shareholders the chance to limit their losses. Instead, the founder and the CFO are about to give up control of their company at a terrible valuation, letting down their shareholders. I guess they'll ride off into the sunset with their redundancy packages and pay in lieu of notice bulging in their pockets.

[blueteam] 12/7/2019 11:47

made a £82 profit on a daytrade!!! Still hold there on account till mid day monday option with no selling cost.

[blueteam] 12/7/2019 11:45

They do as Panmure Gordon dealing facility are likely to be holding 10 million share for them and sales from last 3 days should take them very near or over.

[john09] 12/7/2019 11:43

Blue team your Thomas Cook buy was just about the worst trade I’ve ever seen lol. You sold FST which is currently underwritten at 35p and bought TC 🤭

[john09] 12/7/2019 11:41

They don’t have over 50%

[blueteam] 12/7/2019 11:41

won't make any difference now, they have over 50% and management can't do anything now like give themselves bonuses lol.

[john09] 12/7/2019 10:35

Trading update Monday folks. They said before the 16th

[firw00d] 12/7/2019 09:40

You lose over 75% of your investment joe