Frontier Smart Technolog... Share Discussion Threads

[bowles22] 01/2/2019 07:28

John, Many on here and elsewhere have questioned the directors and CEO, not just Birkenhead and rightly so. Their history is not encouraging especially towards shareholder value and given the opportunities here with DAB and smart solutions, surely they should be doing a lot better and on the back of huge remuneration packages

The share price is 38 and was 190 - says it all

You cannot just dismiss these points as if they do not exist

[birkenhead] 31/1/2019 11:03

A bit better already Johnny Sharewatch but if only you could grasp the simple fact that you are also being screwed by AS & JA and enlighten us with a better way to reduce the debt by $1.7 million...

BTW, it might help you to just shut your gob and pay attention - I posted the info in the first link yesterday and p1nkfish posted the second one on 11 Jan '19

'just a reminder of where Smart IoT, Home & Audio meet. Detection of background sounds to send smart alerts.'

[john09] 31/1/2019 09:06

hxxps://frontiersmart.com/frontier-smart-technologies-and-audio-analytic-partner-create-“smarter”-smart-speaker#.XFK6lxrRZvI

[john09] 31/1/2019 09:06

hxxps://frontiersmart.com/consumer-radios-france-must-have-dab-end-2019#.XFK6IRrRZvI

[birkenhead] 31/1/2019 09:02

It is unfortunately necessary to keep repeating the bleeding obvious until the institutions with the power to change things actually do something about it.

Otherwise, we'll just have to hope that johnny Sharewatch can save us all with his infantile & bird-brained droppings...

[folderboy] 31/1/2019 08:37

Or to push them to change - somewhat unlikely I fear (OK no chance) - it's tedious repetition but he is right - and it's good someone keeps reminding us of this ridiculous imbalance in allocating funds.

[zingaro] 31/1/2019 08:35

No, he's right to keep moaning and reminding us to get out.

[john09] 31/1/2019 08:33

In fact you’ve been posting here for about 3 years moaning about the directors 😂 get a life

[john09] 31/1/2019 08:26

“Alarming if true” yep you’ve said that a few times 💤💤💤

[birkenhead] 31/1/2019 00:53

Instead of eliminating ‘the entire UK and HK DAB R&D teams’ or any essential R & D, AS & JA should return their bonuses (£457,979/$600,000 if £1 = $1.3) and voluntarily return £281,000 ($365,000) from their 2017 salaries and the same amount from their 2018 and 2019 salaries by the fairer austerity measures of downsizing their own bloated salaries to a more than generous £100,000 each.

This would save FST and shareholders a whopping $1.7 million plus interest from debt payments, remove the need for any R&D cuts and give a hint of credence to "The Board remains fully focused on maximising shareholder value.”

2012-2018 were ruinous years for FST shareholders due to the sheer incompetence, greed and dishonesty of AS & JA. They have callously enriched only themselves by robbing shareholders blind and leaving our investments virtually worthless.

Fred’s point is very valid and much more useful than the incessant drivel, false accusations and worthless one-liners from Johnny Sharewatch. FST clearly needs to have significant DAB R&D to take advantage of the wonderful opportunities in France, Austria and Australia, etc.

The remuneration of AS & JA for the 2011-2017 years ended 31 December in in £’000:

2017 (2016 15 14 13 12 11)
A Sethill 266 (276 302 258 320 140 -) = £1,562,000.($2,030,600)

J Apps 215 (223 246 242 240 28 -) = £1,194,000 ($1,552,200)

Total wasted on AS & JA salaries from 2012-2017= £2,756,000 ($3.58 million)

Scandalous directors’ bonuses in 2017: £260,979 (2015: £82,000 and 2014: £115,000)

Total wasted on directors’ bonuses before debt interest = £457,979 ($600,000)

Total wasted on AS & JA from 2012-2017= £3.21 million ($4.18 million) plus the squandering of Sensium and £58 million from fund raising and dilution.

JA has robbed us of £1,194,000 but holds only 6,250 shares valued at a paltry £2, 281. The worthless parasite is still refusing to buy shares even at 36.5p, which is more than 90% cheaper than when he first inflicted himself upon us!

"The Board remains fully focused on maximising shareholder value" is simply an outrageous lie. Slashing ‘the entire UK and HK DAB R&D teams’ or any essential R & D is definitely not going to maximise shareholder value, but returning the $600,000 from pilfered bonuses will, and slashing AS & JA salaries to a more than generous £100,000 each would have saved a further £281,000 ($365,000) in 2017.

Combined AS & JA salaries in 2017: £481,000 ($625,000)

'In May 2018, the Board implemented a range of measures to REDUCE PLANNED R&D and other overheads. These measures should deliver savings in FY-2018 of about US$3.4 million.'

'As at 31 December 2018, the Group had ...net debt US$2.1 million.'

'The entire UK and HK DAB R&D teams were those chosen for the cost savings.'

Fred's statement is alarming if true. It certainly merits further investigation and a detailed explanation from the board of despicables.

[john09] 30/1/2019 14:21

Sounds like you have just reaffirmed my point ! I’ll stick to reading the RNS about leading the Europe DAB market 👌

Hopefully you still have some redundancy funds left

[fredstanley101] 30/1/2019 13:15

I beg to differ John09

The entire UK and HK DAB R&D teams were those chosen for the cost savings.

I'm interested in seeing how FST are going to make money without future DAB development.
Interesting how most/many on this forum keep mentioning DAB rather than the new FST focus on IoT.
Bad call I reckon but I'm interested in seeing what I'm missing about the new IoT FST plans.

[john09] 30/1/2019 12:47

Fredstanley only posts on FST and only arrived here a few months ago. His previous posts have been proven erroneous. He claims to have inside information on who’s been laid off etc. Wonder what is motives are. Certainly not here to invest or help

[the drewster] 30/1/2019 08:41

23rd MAY:

Challenging trading conditions in Q2-2018 are likely to have an adverse impact on the Group's FY-2018 trading performance. Consequently, the Board is revising its guidance for FY-2018. The Board now expects full year sales of approximately US$47.7 million (GBP34.9 million) and EBITDA(1) of c. US$1.0 million (GBP0.8 million).
Given the usual seasonality of the business, the Group expects to report an EBITDA loss in H1-2018 of approximately US$2.1 million (GBP1.5 million), followed by a stronger performance in H2-2018 when EBITDA is expected to be approximately US$3.1 million (GBP2.3 million).
Foreign Exchange
-- Frontier has adopted the US Dollar as both its functional and reporting currency from 1 January 2018. The strengthening of Sterling against the US Dollar(2) in 2018 is expected to adversely impact FY-2018 EBITDA by US$0.5 million. This impact has been included in the new market guidance provided by the Board.
In order to address these market conditions and the delays in the emergence of the third party Smart Audio segment, the Board is taking immediate steps to implement targeted R&D cost reductions.
With the core Smart Audio platform largely complete, the Group has decided to scale-down its R&D investment and will focus on several smaller-scale developments in the coming year. A cost reduction plan is being implemented that will reduce R&D spend in FY-2018 by US$2.2 million (GBP1.7 million). This represents 20.8 per cent of this year's R&D budget and aligns Frontier's costs with anticipated trading. Costs have also been reduced in other parts of the Group that will result in further savings of US$1.2 million (GBP0.9 million) in FY-2018.

26th JULY:

As stated in the Group's trading update issued on 23 May 2018, the Group expects to report H1-2018 revenues of circa US$17.0 million (H1-2017: US$25.0 million) and EBITDA(1) for the period is anticipated to be a loss of approximately US$2.1 million (EBITDA H1-2017: US$1.4 million).
FY-2018 revenues are expected to be in line with the Group's guidance given in May at approximately US$47.7 million, (FY-2017: US$53.0 million) and full year EBITDA is expected to be c. US$1.0 million (FY-2017: US$2.6 million).
In May 2018, the Board implemented a range of measures to reduce planned R&D and other overheads. These measures should deliver savings in FY-2018 of about US$3.4 million.

17th JAN:
Revenue for the financial year is expected to be not less than US$41.0 million and EBITDA(2) is anticipated to be c. US$1.4 million.
The US$1.4 million EBITDA comprises Trading EBITDA of c. US$0.8 million together with capitalised R&D costs of c. US$0.6 million. In addition, restructuring costs incurred during the year are expected to be in the order of US$0.7 million and are accounted for below EBITDA.
Following the Trading EBITDA loss of US$2.1 million in the first half of the year, H2 2018 is expected to report a positive Trading EBITDA in the region of US$2.9 million. This improvement is due to increased revenues in the second half of the year coupled with targeted cost reductions in R&D and other overheads.
As at 31 December 2018, the Group had gross cash of US$3.8 million (net debt US$2.1 million).

[the drewster] 30/1/2019 08:34

Trading update just said "In May 2018, the Board implemented a range of measures to reduce planned R&D and other overheads. These measures should deliver savings in FY-2018 of about US$3.4 million."

[birkenhead] 30/1/2019 08:01

'Last year FST discarded their entire DAB development teams!'

That kind of gross professional incompetence would not be unexpected but do you have any evidence to support your unproven claim?

[the drewster] 30/1/2019 07:57

... another stellar decision by the top table if true.

[fredstanley101] 30/1/2019 07:28

Last year FST discarded their entire DAB development teams!

Licensing their IoT SW is their new aim. To hell with DAB it seems.
I know they've made press releases about years old DAB technology but without further R&D in DAB to grab especially the automotive market then I have serious doubts about their DAB future in Europe.

[birkenhead] 30/1/2019 07:10

If only Mumbles & Appetites wouldn't make another monkey's bum of this opportunity:


Frontier Smart Technologies 29 Jan

Consumer radios in France must have DAB+ by end 2019


DAB+ radio is coming to France
DABplus_Logo_55.pngIn December 2018, the French regulator, the CSA, announced that over 20% of the French population was now covered by DAB+ digital radio broadcasts.

This announcement triggered a law requiring, by the end of 2019, all new consumer radios to include DAB+. The law also applies to automotive receivers which have 18 months to comply.

DAB+ is currently available in six regions. In the next two years, coverage will increase rapidly, reaching:

• 50% of the population by the end of 2019
• 70% by the end of 2020.

In parallel, national services are being rolled out across the major road networks – backed by all the major commercial broadcasters.

This law creates an enormous opportunity for retailers and receiver manufacturers. The French receiver market totals five million units per year - within 12 months all these radios will need to have DAB+.

[john09] 28/1/2019 17:00

Hopeful we will run up. I note LUCE and UPGS have

[john09] 28/1/2019 15:44

I’m here. If someone comments it peaks my interest because I wonder if the price is moving lol. Nope

[fillipe] 28/1/2019 14:23

Am also here again - this time 34p.

f

[john09] 23/1/2019 13:51

💤 c’mon frontier FFS

[john09] 22/1/2019 21:46

Where did you get those numbers?

[amt] 22/1/2019 20:41

So if they generate sales of say 50m next year and 8m Ebitda a market cap of 14m looks remarkably low.