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(BVM.L) Belgravium Technologies PLC Buy/Sell
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| Date/Time | Headline | Source |
|---|---|---|
| 02-09-09 | RNS |
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RNS Number : 3529Y Belgravium Technologies PLC 02 September 2009 Belgravium Technologies plc Interim Results for the Six Months ended 30 June 2009 The Board of Belgravium Technologies plc ('Belgravium' or 'the Group'), designers and manufacturers of real-time data capture systems, is pleased to announce Interim results for the six months ended 30 June 2009. Key Financials:
Highlights:
Commenting on the Interim results, John Kembery, Chairman of Belgravium, said: "I am pleased to report that sales and profits in the first half showed progress over the corresponding period in 2008. Whilst the timing of a sustained recovery in our end markets remains difficult to predict, I am encouraged by the interest shown in our products and remain confident that Belgravium is well positioned as and when the wider economic picture improves". For further information please contact:
Belgravium Technologies Plc John Kembery
0113 394 6610
Interim 2009
RESULTS At the AGM in May we reported that, whilst 2009 was showing improvement over 2008, the timing of a sustained market recovery was difficult to predict. This remains the case but the Group has continued to make progress in both turnover and profits. In the six months ended 30 June 2009, sales totalled £4,286,000 compared with £3,943,000 in the first half of 2008, an increase of 9%. Profit before tax and after interest charges was £140,000, a 94% increase on the prior year of £72,000. Basic earnings per ordinary share increased from 0.05p per share in 2008 to 0.11p per share in 2009.
OPERATIONAL REVIEW We are pleased to announce early success with our new Boston hand-held terminal which greatly assisted us in securing a major new contract for the location and tracking of palletised goods. This contract was largely completed in the first half of 2009 but could lead to more business as other users recognise it's operational advantages. The emphasis of the Boston programme was to develop a user-friendly, rugged industrial product with a wider range of operational functions than ever before. It is encouraging that this product has been widely acclaimed by potential users. Overall, there has been a slight improvement in activity in the logistics sector; based upon persistent hard work and determined selling. We were also very active in the petrochemical market where we have unique products; making improvements with existing customers and progress on new long-term contracts. For example, an international agreement has been signed with SHV Group for the supply of systems for control and delivery of bottled and bulk LPG in each of their many countries of operation. This has now to be translated into sales orders and into systems which recognise local variations in requirements. It is difficult to say with any certainty how long it will take to meet these requirements but the signing of the general agreement is a big step forward. There are also promising opportunities with other European petrochemical companies, some of which are expected to materialise shortly. There are some positive signs of improvement in the mobile retailing sector. The principle customer base is airlines, many of whom are undergoing drastic economies in the face of a downturn in air travel. However, we continue to widen our technical offering to customers and these developments are being well received. More recently, we have introduced flexible payment plans that include the standard capital purchase programme through to a "Pay per transaction" model. The latter has assisted in gaining interest in these quieter times and underlines one of our principal objectives to strengthen our recurring revenue stream. Cost controls have also been a feature of this half year with supply agreements renegotiated and a reduction in our staff numbers employed. This has been partially achieved by natural wastage. The reduction in costs is evident but technical resources will need to be addressed once the market improves. Compared with the first half of 2008, orders from the USA have increased, with bigger opportunities for the future. THE MARKET All of the available evidence suggests that the Group has maintained market share in its chosen sectors and there are very few examples of orders lost to competition. Indeed there is evidence to suggest that many of our competitors are finding life tough at the moment. Interest in and demand for our products remains strong with the problem continuing to be conversion of this interest into firm orders. Despite the fact that our products always have operational and cost advantages, there is general resistance to what is regarded as capital spending. This has led to a frustrating series of delays and re-appraisals, leading to a lengthening of the usual sales cycle.
STRATEGY In these circumstances our policy is to put the Group in the best position to capitalise on whatever opportunity is available by - 1. Persistent and determined sales focus. Overcoming purchasing objections and refusing to accept delays. 2. Making sure that our products, whether hardware or software, are completely fit for purpose and tailored to meet the customer's needs. 3. Ensuring that product development is focussed on current and future market needs. 4. Reducing and controlling costs with a focus on cash management. 5. Supplying the complete solution with increased elements of recurring revenue. We are convinced that our chosen market sectors will recover as financial confidence is regained. Where we have identified longer term opportunities for which we are not fully prepared, we seek strategic relationships with existing providers. Some such relationships are developing well.
DIVIDEND Whilst the Group is making a profit, cash generation is well below a level which would enable a dividend to be recommended. The Directors are committed to restoring a dividend payment, once financial conditions permit.
OUTLOOK In the first half of 2009, Belgravium has made real progress towards capitalising on market recovery. There are some very good projects in the sales pipeline and we have the products and services to satisfy these needs. In some cases we have general agreement with customers but we still need to translate these intentions into actual orders with financial authorisation. This will happen, but as has been the case for the past two years, it is difficult to predict exactly when.
Consolidated income statement
for the six months ended 30
June 2009
attributable to equity shareholders
share (pence)
share (pence)
Consolidated statement of changes in shareholders' equity
for the six months ended 30 June 2009
Consolidated balance Sheet
at 30 June 2009
Non-current assets
Intangible Assets
Current assets
Current liabilities
liabilities
liabilities
Borrowings
Non current liabilities
Financial liabilities:
Capital and reserves
attributable to equity holders
of the company
Consolidated cash flow
statement
For 6 months to 30 June 2009
Cash flows from operating activities
Movement in:
operating activities Cash flows from investing activities
fixed assets
and equipment
activities Cash flows from financing activities
ordinary shareholders
activities
equivalents
bank overdrafts at the beginning of the period
bank overdrafts at the end of the period Notes to the interim report For 6 months to 30 June 2009
2009 2008
Basic earnings per share is calculated by dividing the earnings attributable to ordinary shareholders by the weighted average number of ordinary shares outstanding during the period.
2009 2008
This information is provided by RNS The company news service from the London Stock Exchange END
IR SSMFIFSUSEEU More |
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| 02-09-09 | RNS |
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RNS Number : 3529Y Belgravium Technologies PLC 02 September 2009 Belgravium Technologies plc Interim Results for the Six Months ended 30 June 2009 The Board of Belgravium Technologies plc ('Belgravium' or 'the Group'), designers and manufacturers of real-time data capture systems, is pleased to announce Interim results for the six months ended 30 June 2009. Key Financials:
Highlights:
Commenting on the Interim results, John Kembery, Chairman of Belgravium, said: "I am pleased to report that sales and profits in the first half showed progress over the corresponding period in 2008. Whilst the timing of a sustained recovery in our end markets remains difficult to predict, I am encouraged by the interest shown in our products and remain confident that Belgravium is well positioned as and when the wider economic picture improves". For further information please contact:
Belgravium Technologies Plc John Kembery
0113 394 6610
Interim 2009
RESULTS At the AGM in May we reported that, whilst 2009 was showing improvement over 2008, the timing of a sustained market recovery was difficult to predict. This remains the case but the Group has continued to make progress in both turnover and profits. In the six months ended 30 June 2009, sales totalled £4,286,000 compared with £3,943,000 in the first half of 2008, an increase of 9%. Profit before tax and after interest charges was £140,000, a 94% increase on the prior year of £72,000. Basic earnings per ordinary share increased from 0.05p per share in 2008 to 0.11p per share in 2009.
OPERATIONAL REVIEW We are pleased to announce early success with our new Boston hand-held terminal which greatly assisted us in securing a major new contract for the location and tracking of palletised goods. This contract was largely completed in the first half of 2009 but could lead to more business as other users recognise it's operational advantages. The emphasis of the Boston programme was to develop a user-friendly, rugged industrial product with a wider range of operational functions than ever before. It is encouraging that this product has been widely acclaimed by potential users. Overall, there has been a slight improvement in activity in the logistics sector; based upon persistent hard work and determined selling. We were also very active in the petrochemical market where we have unique products; making improvements with existing customers and progress on new long-term contracts. For example, an international agreement has been signed with SHV Group for the supply of systems for control and delivery of bottled and bulk LPG in each of their many countries of operation. This has now to be translated into sales orders and into systems which recognise local variations in requirements. It is difficult to say with any certainty how long it will take to meet these requirements but the signing of the general agreement is a big step forward. There are also promising opportunities with other European petrochemical companies, some of which are expected to materialise shortly. There are some positive signs of improvement in the mobile retailing sector. The principle customer base is airlines, many of whom are undergoing drastic economies in the face of a downturn in air travel. However, we continue to widen our technical offering to customers and these developments are being well received. More recently, we have introduced flexible payment plans that include the standard capital purchase programme through to a "Pay per transaction" model. The latter has assisted in gaining interest in these quieter times and underlines one of our principal objectives to strengthen our recurring revenue stream. Cost controls have also been a feature of this half year with supply agreements renegotiated and a reduction in our staff numbers employed. This has been partially achieved by natural wastage. The reduction in costs is evident but technical resources will need to be addressed once the market improves. Compared with the first half of 2008, orders from the USA have increased, with bigger opportunities for the future. THE MARKET All of the available evidence suggests that the Group has maintained market share in its chosen sectors and there are very few examples of orders lost to competition. Indeed there is evidence to suggest that many of our competitors are finding life tough at the moment. Interest in and demand for our products remains strong with the problem continuing to be conversion of this interest into firm orders. Despite the fact that our products always have operational and cost advantages, there is general resistance to what is regarded as capital spending. This has led to a frustrating series of delays and re-appraisals, leading to a lengthening of the usual sales cycle.
STRATEGY In these circumstances our policy is to put the Group in the best position to capitalise on whatever opportunity is available by - 1. Persistent and determined sales focus. Overcoming purchasing objections and refusing to accept delays. 2. Making sure that our products, whether hardware or software, are completely fit for purpose and tailored to meet the customer's needs. 3. Ensuring that product development is focussed on current and future market needs. 4. Reducing and controlling costs with a focus on cash management. 5. Supplying the complete solution with increased elements of recurring revenue. We are convinced that our chosen market sectors will recover as financial confidence is regained. Where we have identified longer term opportunities for which we are not fully prepared, we seek strategic relationships with existing providers. Some such relationships are developing well.
DIVIDEND Whilst the Group is making a profit, cash generation is well below a level which would enable a dividend to be recommended. The Directors are committed to restoring a dividend payment, once financial conditions permit.
OUTLOOK In the first half of 2009, Belgravium has made real progress towards capitalising on market recovery. There are some very good projects in the sales pipeline and we have the products and services to satisfy these needs. In some cases we have general agreement with customers but we still need to translate these intentions into actual orders with financial authorisation. This will happen, but as has been the case for the past two years, it is difficult to predict exactly when.
Consolidated income statement
for the six months ended 30
June 2009
attributable to equity shareholders
share (pence)
share (pence)
Consolidated statement of changes in shareholders' equity
for the six months ended 30 June 2009
Consolidated balance Sheet
at 30 June 2009
Non-current assets
Intangible Assets
Current assets
Current liabilities
liabilities
liabilities
Borrowings
Non current liabilities
Financial liabilities:
Capital and reserves
attributable to equity holders
of the company
Consolidated cash flow
statement
For 6 months to 30 June 2009
Cash flows from operating activities
Movement in:
operating activities Cash flows from investing activities
fixed assets
and equipment
activities Cash flows from financing activities
ordinary shareholders
activities
equivalents
bank overdrafts at the beginning of the period
bank overdrafts at the end of the period Notes to the interim report For 6 months to 30 June 2009
2009 2008
Basic earnings per share is calculated by dividing the earnings attributable to ordinary shareholders by the weighted average number of ordinary shares outstanding during the period.
2009 2008
This information is provided by RNS The company news service from the London Stock Exchange END
IR SSMFIFSUSEEU More |
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| 18-08-09 | RNS |
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RNS Number : 6422X Belgravium Technologies PLC 18 August 2009 Belgravium Technologies plc - Holding(s) in Company Belgravium Technologies plc ("the Company") 18 August 2009 The Company has today received the following notification of a change in a major interest in its shares. TR-1i: NOTIFICATION OF MAJOR INTERESTS IN SHARES 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii: Belgravium Technologies Plc 2. Reason for the notification (please tick the appropriate box or boxes): An acquisition or disposal of voting rights: ( x ) An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: ( ) An event changing the breakdown of voting rights: ( )
3. Full name of person(s) subject to the notification obligation iii: Barclays PLC 4. Full name of shareholder(s) (if different from 3.) Barclays Stockbrokers Ltd Gerrard Investment Management Ltd 5. Date of the transaction and date on which the threshold is crossed or reached v: 14-Aug-09 6. Date on which issuer notified: 17-Aug-09 7. Threshold(s) that is/are crossed or reached: below notifiable % to 5% 8. Notified details:
A: Voting rights attached to shares
B: Financial Instruments
Resulting situation after the triggering transaction xiii
Total (A+B)
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable xv: Barclays Stockbrokers Ltd Gerrard Investment Management Ltd Proxy Voting: 10. Name of the proxy holder: 11. Number of voting rights proxy holder will cease to hold: 12. Date on which proxy holder will cease to hold voting rights: 13. Additional information: 14. Contact name: Geoff Smith 15. Contact telephone number: 020 7116 2913 This information is provided by RNS The company news service from the London Stock Exchange END
HOLBSGDIBXBGGCI More |
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| 13-07-09 | RNS |
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RNS Number : 5648V Belgravium Technologies PLC 13 July 2009 Belgravium Technologies plc - Holding(s) in Company Belgravium Technologies plc ("the Company") 13 July 2009 The Company has received the following notification of a change in a major interest in its shares. TR-1i: NOTIFICATION OF MAJOR INTERESTS IN SHARES 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii: Belgravium Technologies Plc 2. Reason for the notification (please tick the appropriate box or boxes): An acquisition or disposal of voting rights: ( x ) An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: ( ) An event changing the breakdown of voting rights: ( )
3. Full name of person(s) subject to the notification obligation iii: Barclays PLC 5. Date of the transaction and date on which the threshold is crossed or reached v: 09-Jul-09 6. Date on which issuer notified: 10-Jul-09 7. Threshold(s) that is/are crossed or reached: 5% to below notifiable % 8. Notified details:
A: Voting rights attached to shares
B: Financial Instruments
Resulting situation after the triggering transaction xiii
Total (A+B)
Proxy Voting: 10. Name of the proxy holder: 11. Number of voting rights proxy holder will cease to hold: 12. Date on which proxy holder will cease to hold voting rights: 13. Additional information: 14. Contact name: Geoff Smith 15. Contact telephone number: 020 7116 2913 This information is provided by RNS The company news service from the London Stock Exchange END
HOLBBGDRRUBGGCX More |
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| Date/Time | Subject | Author | ||
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| 02-09-09 |
BUY
Good reuslts
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Profit up, turnover up on last year. Think I will top up!
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| 24-07-09 |
BUY
Golly gosh
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There has been some trading this morning! Is there going to be a nice blip here?
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| 02-05-09 | ||||
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Don't think it's Barclys buying shares, think its PI through Barclays Brokers
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| 24-04-09 | ||||
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Looks like they bought some more, SP is sliding up quite nicely. Is this bucking the trend of other SMEs which are going bust? Could be a good investment? Anyone got any tips on this for the long term?
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