Frontier Smart Technologies – after recently ‘strongly recommending’ against 35p per share offer… now to recommend 25p per share!

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…

Frontier Smart Technologies (#FST) – H1 loss $3.5m, net debt up to $2.7m

Frontier Smart Technologies – board have played a shocker suggests latest move 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”…

Frontier Smart Technologies – “pleased to announce… Board Transition, Refinancing and Strategy”… but still trading turnaround needed

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) – ‘board transition, refinancing and strategy’ update, Science Group (#SAG) to subscribe for £1m of shares at 25p each

Frontier Smart Technologies (#FST) – non-executive resignations to “encourage a more positive, constructive dialogue with Science Group” (#SAG)

Frontier Smart Technologies – trading “in line” following “agreed transition of the board”, so why the share price decline?

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?!...

Frontier Smart Technologies (#FST) – increased pressure on cash flows & current credit facilities, EGM requisition notice from Science Group (#SAG)

Frontier Smart Technologies – Science Group “welcomes” its latest announcement… but not for the reason it hoped!

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 – “the prospect of material incremental potential value”… Or not…

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…

Frontier Smart (#FST) – transaction under discussion which is considered to offer “material incremental potential value”, intends to seek discussions with Science Group (#SAG)

Frontier Smart Technologies – “Termination of Discussions”… so why the share price rise?

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…

Frontier Smart Technologies – “reviewing its plans” for cash mitigation. I bet it is!

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 – “radio sales orders have started to recover”… so why a further share price fall?

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…

Frontier Smart Technologies (#FST) – “radio sales orders have started to recover”

Frontier Smart Technologies - The warning signs were there all along!

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.

Frontier Smart Technologies: A solid trading update, nothing more, but still a HOLD

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.

Frontier Smart Technologies: 100%+ gain and 200p target hit earlier than expected – what next?

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.

Frontier Smart Technologies: Excellent results – more potential here

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.

Frontier Smart Technologies: Strong trading update – happy to hold

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.