Friday 19 January 2018 ShareProphets: The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares

Frontier Resources becomes Concepta as RTO completes - Buy

By HotStockRockets | Wednesday 27 July 2016

Disclosure: Financial Investigative Media Limited, which is not owned by Tom Winnifrith but by a trust for his dependants, owns shares in companies mentioned in this article. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Frontier Resources (FRI) is no more. It is now Concepta (CPT), new shares for the RTO, open offer and placing have been issued and the shares have undergone a 250-1 consolidation.

The placing and RTO was at 7.5p ( new money) and the shares now trade at 10p-1.5p which is c0.04p in old money. Once again having been told that there were no flippers in the placing the involvement of Belfort Securities means that there were and when the shares hit 12p earlier the spivs were out. It is a pain but there cannot be that many more Belfort spivs left to flip.

The market cap is now £11 million.

Concepta describes itself as "a pioneering UK healthcare company that has developed proprietary products and a platform, which targets the personalised mobile health market with a primary focus on women's fertility and specifically unexplained infertility"

The open offer enjoyed 196% take up so there will be scaling back from folks in the placing so we believe there is some pent up demand from HNWIs and institutions who are members of the Adam Reynolds fan club. That should mop up the very limited amount of loose stock and the shares will then re-rate on any good news.

Post consolidation we suggest buying at anything up to 16p - the target is now 25p to sell by the Autumn. When this starts to move it will move quickly. So put those buy orders in early.

To catch the next share tip from HotStockRockets out THIS FRIDAY for just £5 click HERE

Filed under:

Never miss a story.

This area of the site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.

More on CPT


Comments are turned off for this article.

Site by Everywhen