Supply@ME Capital and the £225 million deception: why the FCA will not act, because it is partly to blame!
The board of Frontier Smart Technologies (FST) has announced its “intention is to recommend the merger on the terms set out in the Science Group (SAG) announcement… invite those Frontier shareholders who have the benefit of a live share trading account to consider the merits of selling their ordinary shares via the share trading facility”. Those are though at 25p per share – it having previously stated on a 35p per share offer from Science Group…
Noting shares in Frontier Smart Technologies (FST) soaring above 25p in May, I concluded including previously noting “Frontier is reviewing its plans for mitigation… we will continue to monitor our progress closely to ensure that the group's cash position remains secure”, I suggested the noted trading seeing that position far from secure. Thus, patience may well see Science Group be able to get a better deal for it here. I continue to avoid. Today from Science Group (SAG) a “Frontier Investment Update”…
Previously writing on Frontier Smart Technologies (FST), it was noting 47.6% shareholder Science Group (SAG) hits out following update announcement – that including a dig that throughout the (35p per share) offer period “the Frontier board maintained its position that it ‘strongly recommends that Shareholders neither accept the Science Group Offer on its current terms, per the offer document distributed to shareholders on 2 July 2019, nor sell any Frontier shares via the Panmure Gordon dealing facility’”. There has since been Frontier “Board Change” and now a “Board Transition, Refinancing and Strategy” announcement…
Frontier Smart Technologies (FST) has updated including “trading in the first half of 2019 was in line with the revised expectations… Trading to date in the second half is also in line with expectations” and on “ongoing discussions with Science Group plc” following “as per the joint announcement of 30 July 2019 entitled 'Board Changes', Frontier was pleased to announce an agreed transition of the board, in conjunction with Science Group”. But the shares currently more than 10% lower, below 30p?!...
Writing late last week on Frontier Smart Technologies (FST), I concluded including I suggest good luck with seeking to open those collaborative discussions with Science Group and its advisers. Today an update from Science Group (SAG)…
Frontier Smart Technologies (FST) has updated including on a transaction which “if negotiations were to be successfully concluded, presents the prospect of material incremental potential value for Frontier, its shareholders (including Science Group) and other stakeholders”. This with Science Group (SAG) now having tabled a 35p per share offer for Frontier – and the shares 35.5p…
A “Termination of Discussions and Holding in Company” announcement from Frontier Smart Technologies (FST) – and the shares are currently soaring, at above 25p, having previously closed at 14.75p. Hmmm…
Previously writing on Frontier Smart Technologies (FST), in July I concluded I suggest some consistent delivery is now needed here to re-inspire confidence and, at least before that, I avoid. Today the self-styled “pioneer in technologies for Digital Radio and Smart IoT devices… announces a trading update and revised outlook for the current financial year ending 31 December 2019”. Uh oh…
Frontier Smart Technologies (FST) has updated including “in recent weeks, Frontier's radio sales orders have started to recover” and “Smart Audio revenues in H1-2018 are expected to be up 19 per cent year-on-year”. The shares have responded… er, currently more than 7% further lower below 50p…
Back in May last year, Frontier Smart technologies (FST) was one of my few conviction buy picks at around 90p (HERE). After a strong initial performance, the share price has dropped significantly recently but the truth is that the alarm bells should have been ringing well before now. Please allow me to self-flagellate.
A trading update this week from Frontier Smart Technologies (FST) and although it was solid enough, clearly some were hoping (including me) for an expectation beating update and the share price has come off a tad as a result. So where does it leave it.
My buy tip from last May, Frontier Smart Technologies (FST), has reached my target price of 200p earlier than anticipated having had a strong start to the year from a share price perspective, so I thought I should update on my current thoughts.
Following my rare buy tip on Frontier Smart Technologies (FST) back in May (HERE), I am happy to update my views following the expected strong interims this morning. The share price is moving nicely upwards and there is more to come over time in my view.
Following my rare buy tip on Frontier Smart Technologies (FST) back in May (HERE), I am happy to update my views following the anticipated strong first half trading update issued today. All looking good so far.
I spend most of my time being critical of companies that issue RNS’s containing half-truths, exaggerations or are just an opaque mess. However, a week ago, I read an RNS which impressed me for being just the opposite. It persuaded me to do further research which has led to this very rare beast – a buy tip….for Frontier Smart Technologies (FST).
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