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(UTN.L) Ultima Networks PLC Buy/Sell
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Summary
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| Date/Time | Headline | Source |
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| 13-10-09 | RNS |
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RNS Number : 6499A Ultima Networks PLC 13 October 2009 13 October 2009 ULTIMA NETWORKS Plc ("Ultima") Distribution Agreement with Makro UK Ultima Networks Plc, the AIM listed green technology company, is pleased to announce that its Electric Bicycle Division has entered into an agreement with Makro UK to supply it with Ultima's range of electric cycles. Makro UK is a major cash and carry wholesaler operating in the UK. Initially, 27 Makro UK stores across the country will sell Ultima's high quality, mid-range PowaCycle Salisbury LPX, and Ultima expects other electric bicycle models to be introduced in the near future. Makro UK is part of the Metro Group, the world's cash & carry leader, which has over 600 stores in 30 countries. It sells a wide selection of goods tailored specially to the needs of its many thousands of retail and wholesale customers.
Wassim Mughal, MD of Electric Bicycle Division, commented: "The PowerCycle Salisbury LPX is one of the most popular electric bicycles ever to be sold in the UK. We are confident that its sales will be even more buoyant now that it is being offered by Makro - our first national chain of stores."
Contact: Ultima Networks Plc
Allenby Capital Limited
Threadneedle Communications
About Ultima Networks Plc Ultima operates three divisions:
This information is provided by RNS The company news service from the London Stock Exchange END
AGRUURBRKORRAAA More |
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| 17-09-09 | RNS |
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RNS Number : 1984Z Ultima Networks PLC 17 September 2009 Ultima Networks Plc ("Ultima" or the "Company") Interim Results for the six months ended 30 June 2009 Ultima, the Green Technology Company, is pleased to announce its unaudited interim results for the six months ended 30th June 2009. Highlights for the period
Ultima operates through three divisions: the IT and related Services division, the Green technology products division and the newly established Green power division. The IT and related Services division develops and supplies computer based application software and services to the legal profession, the Green technology products division is responsible for the development and sale of consumer and specialist electronic goods whilst the Green power division is involved in the development of solar power parks. Professor Humayun Mughal, Chairman and CEO, commented: I am pleased to report that despite the tough economic environment during the six months ended 30th June 2009 the group has increased sales and introduced new products. The integration of the JCS management team has substantially strengthened the IT and related services division and the group's activity in the development of solar park solutions has resulted in permissions being granted for developments in Italy and Spain. "Our main objective going forward continues to be based upon the pursuit of low risk, recurring revenues, and the expansion of the Company through a mixture of organic growth complemented by a highly selective acquisitions policy. "I am excited by the development of solar parks in Italy and Spain and the opportunity this brings to Ultima in providing a platform to further enhance the group's green credentials and increase the prospects for strong recurring revenue. We look forward to announcing further news in this regard in the short term." 17 September 2009 Enquiries:
Humayun Mughal, Chairman and CEO Anthony Klein, Finance Director
Imran Ahmad
Graham Herring/Josh Royston Chairman and Chief Executive's Statement Overview The Company continues to make progress across all divisions with overall turnover up by 6% from the first half of 2008. Despite tough trading conditions the IT and related services division has continued to make progress selling an expanded range of legal software products headed by the latest version of Cognito Office. The successful integration of the activities, product and management team of JCS Computing Solutions Limited has strengthened the division providing a strong platform for continued growth. The Green technology products division has experienced extremely difficult market conditions during the period. Despite this the division managed to retain a large part of its turnover although, the weakening of the pound to lows of $1.45 against previous average rates of $1.85 negatively impacted profit margins during the period. The recent recovery of the pound against the US $ is expected to have a positive impact on margins for the Company in the second half of the year reflecting lower component costs purchased in dollars from China. On 15th May 2009 the Company announced that its Green technology products division had designed a bicycle in conjunction with EQ-Bikes of Holland using the Company's own lightweight battery technology aimed at the BENELUX market. A 3 year distribution contract with EQ-bikes was secured for sale of the Infineum product range in the BENELUX region. This agreement, which complements the division's sales activity in the UK, is expected to offer strong growth opportunities. The period under review also saw the achievement of significant milestones in the proposed development of solar parks in Italy and Spain. The announcement of 15 May 2009 explained the connection agreement for the 3 MW Italian Solar Park. Subsequent to this announcement an agreement has been reached with the Italian Grid (ENEL) to build a substation for connection to the High Voltage grid which will enable an uptake of up to 100 MW. This will allow Ultima to develop further capacity on or near the same site. The division also announced that the 100 KW Solar Park planned for Spain received Spanish government approval for the off take of energy created by the park, once financed and built, at a fixed price of 32 euro cents per kilowatt hour for a period of 25 years. As announced in the Company's full year results in May 2009, it is the intention of the Company to seek further funding to facilitate the construction and commissioning of its solar farms and to enable the Company to further develop its solar presence. The directors believe that these developments in green technology and solar power are strategically important for the future development and growth of the group and represent an opportunity for Ultima to significantly grow revenues over the coming years. Financial Summary In the six months to 30 June 2009 the Group achieved increased sales of £894,000 (H1 2008: £841,000) and an operating loss of £10,000 (H1 2008: profit £30,000). Product cost increases in the Green technology products division due to adverse £/$ exchange rates in the period was the major contributing factor to the Company incurring a small loss in the period. The IT and related services division made an operating profit of £39,000 (H1 2008: loss £21,000) on sales of £354,000 (H1 2008: £264,000). This division comprises Cognito Software a provider of application software and services to the legal profession and JCS Computing Solutions Limited whose activities and management team have been merged into Cognito Software. The Green technology products division made an operating loss of £35,000 (H1 2008: profit £51,000) on sales of £539,000 (H1 2008: £577,000). This division solely comprises UTN Solutions (North) and has had continuing success with its PowaCycle branded range of electric bicycles, which continue to be expanded by the regular introduction of new models and expansion into continental European markets. The Green power division made an operating loss of (£12,000) (H1 2008: £0). This division holds the land and planning consent for the development of solar parks which are hoped will provide the basis for rapid growth in areas of solar park development and electricity generation. There was an unallocated loss of £2,000 (H1 2008: £0) relating to depreciation of centrally held assets. Due to expected availability of brought forward losses there has been no adjustment for taxation in the period. Prof. Humayun Akhter Mughal Chairman and Chief Executive Officer
Consolidated Income Statement
2009
attributable to equity holders of the parent
Basic and diluted earnings per share
derived
operations-pence Consolidated statement of financial position 30/06/2009 30/06/2008 31/12/2008
2009 2008 2008
ASSETS
Non Current assets
costs
Total noncurrent assets
Current assets
LIABILITIES
Current liabilities
EQUITY
Capital and reserves attributable to equity holders
of the parent
Consolidated cash flow statement
2009 2008 2008
current liabilities
activities Cash flows from investing activities
Interest Received
Consolidated statement of changes in equity (i) Six months ended 30 June 2009 - Unaudited
(ii) Six months ended 30 June 2008 - Unaudited
(iii) Year ended 31 December 2008 - Audited
The Group operates in the United Kingdom and Italy. As at 30th June 2009, the Group is organised into three principal business segments:
The segmental results for the half year ended 30th June 2009 are as follows:
2009 2008 2008
Revenue
Revenue
Operating profit/(loss) before
exceptional items
Depreciation
Amortisation
Segmental Reporting Continued
2009 2008 2008
Segment Assets
Segment liabilities
Net assets
Capital Expenditure
Group 193 37 904
The consolidated interim financial statements have been prepared in accordance with the AIM Rules for Companies and prepared on a basis consistent with International Financial Reporting Standards ("IFRS") as adopted by the EU and the accounting policies set out in the group's financial statements for the year ended 31 December 2008. The consolidated interim financial statements are unaudited and include all adjustments which management considers necessary for a fair presentation of the group's financial position, operating results and cash flows for the 6 month periods ended 30 June 2009 and 30 June 2008. The group has chosen not to adopt IAS 34 'Interim Financial Statements' in preparing these interim financial statements and therefore the interim financial information is not in full compliance with IFRS disclosure. The preparation of interim financial statements requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. Actual results may differ from these estimates. These interim financial statements have been prepared under the historical cost convention.
Due to expected availability of brought forward losses, no provision has been made for application of tax for the period under review.
The company has not proposed or declared an interim dividend.
Basic earnings per share has been calculated based on the profit on ordinary activities after taxation and the weighted average number of shares in issue for the period of 204,747,964 (June 2008: 204,747,964 and December 2008: 204,747,964). There are no options having a dilutive impact on earnings per share.
This interim statement was approved by the board on 16 September 2009 and has not been audited by the company's auditors Grant Thornton UK LLP. The comparatives for the full year ended 31 December 2008 are not the Company's full statutory accounts for that year. A copy of the statutory accounts for that year, which were prepared under IFRS, has been delivered to the Registrar of Companies. The auditors' report on those accounts was unqualified, did not include references to any matters to which the auditors drew attention by way of emphasis without qualifying their report and did not contain a statement under section 237(2)-(3) of the Companies Act 1985. A copy of this interim statement is available at the Company's registered office at Ultima Networks plc, Akhter House, Perry Road, Harlow, CM18 7PN and on the company's website, www.ultima-networks.co.uk This information is provided by RNS The company news service from the London Stock Exchange END
IR MGGMLNVFGLZM More |
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| 14-08-09 | RNS |
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RNS Number : 4057X Ultima Networks PLC 14 August 2009 14 August 2009 Ultima Networks Plc ("Ultima" or the "Company") Change of Name of Nominated Adviser and Broker The Company announces that HB Corporate Limited, the Company's Nominated Adviser and Broker, has changed its name to Allenby Capital Limited. For further information:
Allenby Capital Limited
www.allenbycapital.com This information is provided by RNS The company news service from the London Stock Exchange END
APPFXLFFKVBEBBF More |
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| 27-07-09 | RNS |
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RNS Number : 3150W Ultima Networks PLC 27 July 2009 Ultima Networks Plc ("Ultima" or the "Company") Result of AGM The Company is pleased to announce that at the Annual General Meeting of the Company, held today, all of the resolutions were duly passed. For further information: Ultima Networks Plc Humayun Mughal, Chairman and CEO Tel: +44 (0)127 982 1200 Anthony Klein, Finance Director
HB Corporate Limited
This information is provided by RNS The company news service from the London Stock Exchange END
RAGCKOKDKBKDPOB More |
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Wtk,
You are absolutely right,I took my eyes off the balls.............LOL!!! Novice like me,do make silly statement from time to time,I hope other are more forgiving than you.......LOL!!! Are u in BMR? LOL!!! More | View thread (3) | Respond | Login to Vote up | Login to Vote down |
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| 12-11-09 | ||||
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"Very quiet bb.
SP falls as a result of inactivity ..." wwf, I always thought that the sp rises/falls were determined by the disparity between buys/sells volumes. So, if there is inactivity (ie few buys, few sells) then the sp should remain unchanged ! If MMs wanted more activity, then they would REDUCE the spread, not increase it. wwf , your logic is at fault. LOL LOL LOL LOL LOL LOL LOL LOL LOL LOL LOL LOL LOL LOL wanting_to_know More | View thread (3) | Respond | Login to Vote up | Login to Vote down |
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| 12-11-09 |
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Is that £'s; surely not shares?
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Looks like it's focus is Solar Parks now which are slow to develop, capital intensive and one of the most in-efficient ways of harvesting the earths natural resources.
They should sell off Cognito and the e-bikes and put us all out of our misery. Looking for a spike so I can get rid but so illiquid and the spread so large. Good job I'm only in for 1500 More | View thread (3) | Respond | Login to Vote up | Login to Vote down |
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