Frontier Smart Technolog... Share Discussion Threads

[birkenhead] 31/1/2017 04:33

Doubling the share price is nothing. The leeches have to get the share price to over 4 pounds just to repair the horrendous damage they have done - 10.25p when they started and below 2p now! It would be insane to stop caring about their salaries, bonuses and options. Wake up & smell the friggin' coffee! They will continue to bleed us dry until they are forced to behave like Trevor Nicholls. The excuses ran out when they botched Sensium & gave it away, FFS!

[life of crime] 30/1/2017 23:25

If they deliver excellent results and double the share price we will stop caring about their salaries. As I've said before, the excuses run out this year.

[nod] 30/1/2017 19:22

We can but dream ....

[birkenhead] 30/1/2017 10:39

Very good posts by 1activeinvestor & TD. What a contrast between Trevor Nicholls and Mr. Sethill's slippery mumblings and shareholder pocket-picking!

"TMZ Bonuses: Director’s bonuses payable at 31 December 2015 are £82,000 (2014:£115,000)." FOR WHAT?

Instead of just attending the AGM to tell AS & JA that they are 'to$$ers', surely we would be better off pooling our ideas and demanding immediate drastic changes to benefit shareholders, wouldn't we?

I would like to see AS issue an immediate statement, basically copy & pasted from Trevor Nicholls' above, along the lines of:

"The Board unanimously felt that it is right to strongly align the executives' rewards with those of shareholders. Therefore, the executive directors have AGREED TO SLASH THEIR BLOATED SALARIES AND waived their involvement in the annual performance bonus awards in favour of longer term equity driven value. This reflects the confidence we have in the future value of the FST technology and the team's commitment to delivering it to shareholders."

[the drewster] 30/1/2017 09:35

How nice it is when a company you hold shares in issue an RNS that really aligns management returns with those of shareholders.

Little Avacta came out with this today - such measures should be much more commonplace amongst small caps, Sethill and Apps would instill a little more confidence if they followed suit:

Director/PDMR Shareholding

Avacta Group plc (AIM: AVCT), the developer of Affimer(R) biotherapeutics and research reagents, announces the following changes to the equity incentives of its Chief Executive Officer, Alastair Smith and its Chief Financial Officer, Tony Gardiner.

The two Directors have waived their right to participate in the annual performance bonus awards in respect of the year ended 31 July 2017 and have instead been granted share options under the Avacta Group plc Executive Share Option Scheme.

The number of options which have been granted at 72.5p are as follows:

-- Alastair Smith - 520,550 options over Ordinary Shares
-- Tony Gardiner - 306,000 options over Ordinary Shares
They will vest on the third anniversary of the grant at a level of 50% if the share price is in excess of GBP2.00 or at a level of 100% if the share price is in excess of GBP2.50 based on a 30-day average of the closing mid-market share price.

Trevor Nicholls, Avacta Group Chairman and Chairman of the Remuneration Committee said:

"As we stated in our Trading Update on 20 January the Company has made substantial progress with its Affimer technology, but that has not yet been reflected in the share price. The Board unanimously felt that it is right to strongly align the executives' rewards with those of shareholders. Therefore, the executive directors have waived their involvement in the annual performance bonus awards in favour of longer term equity driven value. This reflects the confidence we have in the future value of the Affimer technology and the team's commitment to delivering it to shareholders."

[1activeinvestor] 30/1/2017 08:44

Just a reminder that the company trades in US dollars, and so it is most likely that their reportedly stable revenues in GBP is in fact a 17% fall in real terms given the depreciation of the GBP.

[life of crime] 28/1/2017 23:06

It will only be when FST starts delivering on its undoubted promise, with some hard profits, are we likely to see a shift north in the share price

It was the start of the Chinese New Year today and if we do not see a marked improvement by the same point next year, that may well be my benchmark for bailing out. Hopefully that won't turn out to be the case.

[monty panesar] 28/1/2017 05:17

Nod,

In the case of FST only one broker covers them so there should be no ambiguity. I haven't got the Peel Hunt figures to hand at the moment.

Monty

[nod] 27/1/2017 21:45

TD, I never understand that statement as companies never state what the "market expectations" are. If they mean brokers' expectations, these go up and down regularly and there can be a huge variation in broker views. The broker consensus (average) is a fairly useless guide when brokers are divided.

[the drewster] 27/1/2017 15:58

Clearly "ahead of market expectations" is subjective, as the announcement that the company is "ahead of market expectations" (on 2 fronts) has had no effect, so the market expected about what it got.

[life of crime] 27/1/2017 15:52

Agreed, chill. The firm's presentational style is infuriating but the basics look good: dominance in an established and growing sector and a key contract with a tech giant in a new market. It is sad to see Sensium cut loose but the losses will not be missed.

I am cautiously optimistic that 2017 is the year when FS turns from ugly duckling to a swan. We can but hope!

[dickiebird2] 27/1/2017 07:27

Hope your right chill !!

[chillpill] 27/1/2017 07:01

Good to see cautious optimism from the company. It is early days on connected audio but it could and should be a blockbuster for FST.
Jan/Feb is the quietest time of the year for them. I believe the higher than expected take up of Amazon Echo and Google Home will spur a huge amount of investment into compatible products over the coming months.

FST has entered 2017 as a dog stock but could leave it as a glory one.

Let's see what happens! :)

[monty panesar] 26/1/2017 19:41

Well the market for connected audio is looking very promising:

[the drewster] 26/1/2017 16:22

Frontier Silicon is all we have left, so he better do a damn site better job this time, or he can add "getting sacked from the same job twice" to his stunning list of achievements.

[sweenoid] 26/1/2017 15:27

the 'powers that be' got rid of Sethill before, at his own baby- Frontier Silicon, despite IMG supporting him . I think the institutional investors will want blood if this lot dont come up with a very good statement and outlook with results, I will.

S

[life of crime] 26/1/2017 14:29

It was certainly a succinct update! The gist is positive and they have mentioned wins for Minuet. There is not much we can comment on, which is annoying, but only results will move the share price and I remain positive that the streamlined business is well placed to profit from its dominance in DAB and the emerging connected audio market.

[the drewster] 26/1/2017 11:02

We have cash (though the loan situation is not clarified)
We are EBITDA positive ongoing
We are valued at c. 1 x annual revenue even with zero growth

At least there are "some" positives we can draw on.

[nod] 26/1/2017 09:12

Digital Audio revenues flat at GBP 32 million. That's rather disappointing. There was a good deal of hype throughout 2016 that connected audio would introduce new revenue in Q4. Apparently not much.Compare this small growth to last year when Digital Audio revenues were up 24.4% to GBP31.7 million (2014: GBP25.5 million)

[monty panesar] 26/1/2017 08:55

The analysts figures will be interesting to see. The digital audio side is established and predictable whilst the connected audio is new. Presumably the ramp up of volumes in connected audio will drain cash. The faster the take up the bigger the short term drain on cash.

[rollthedice] 26/1/2017 08:55

^ Quite right, looking at wrong RNS!

[adventurous] 26/1/2017 08:52

That was at 30 June 2015 for 2016 it was £3.4m

[rollthedice] 26/1/2017 08:45

-deleted- (Incorrect comment on cash balances)

[krr13] 26/1/2017 08:44

The 2016 figures were never going to be mind blowing due to healthcare loses.