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21st Century, a supplier and installation service provider of public transport closed-circuit television, reported a leap in sales from £10.8m to £14m for 2011. Profit after tax doubled from £0.6m to £1.2m, while earnings per share rose from 0.61p to 1.31p. Year end cash was up to £2.8m from £1.1m at the start of the year. The firm said if the company continues to progress it will consider proposing a dividend within the next 12 months
I got burnt very badly on this in the TOAD days ; hence my apprehension. About time the 'clone' paid some of the losses back. Yep. I have a very long memory .. :-) I agree with the TP. As there is no comparable the market will essentially dictate. If we close over 20P this week, next week will be very interesting.
Well done !!! This has been on my radar since dropping back to 12P, I however stalled until 16P before buying back in. I also topped up this morning. I also did very well from SHFT. Worth having a look. How much mileage do you think this has left? I am mindful that it cant simply keep rising.
This is reminiscent of the TOAD days... slow steady rise. (RTTNews) - 21st Century Technologies Plc (C21.L: News ) Wednesday released the preliminary results for the year ended 31 December 2011, reporting a sharp rise in net profit after tax for the year on higher revenues. The company reported profit after tax for the full year of 1.20 million pounds, sharply higher than net profit after tax of 0.60 million pounds reported for the previous year. Basic earnings per share for the year increased to 1.31 pence from 0.61 pence per share reported for last year. Total revenues for the year increased 29 percent to 14.0 million pounds from revenues of 10.80 million pounds reported for the previous year.
Wet the share,i should have said-lol ?
Bit dissapointed. Upspecified date of capital return as apposed to special dividend, I assume this is done so as to reduce the BODs income tax issue. Still like the company and am pleased no share buy back, but would have prefered some use of the funds to explore new business
Are you in WET?
WET? new company on JSE!! (SOON) cash shell plus briquetting project
Good to see C21 doing so well. This has been a good share to be invested in. Still surprised it's the best kept secret.
An interesting day - even an historic one! Years ago my first online share trade was 15000 shares in a company called 'Toad' they had called at home to fit an average quality radio, good service, polite young lad, good price etc. So I bought in and paid 18p for each share! The price went up a few % before it all went horribly wrong - big time and for a long time. When it hit 5p I topped up again, the company changed direction and the rest is well documented. It is good to see I have shares in a 'going somewhere' company. So I am pleased to see I have broken even today on my first online share deal after many many years!
Are due on the 28th March. I would think with this new contract we can expect a special dividend.
No news of a dividend then? is the spare cash going into development or can we expect some cash back from C21 in the future. I thought the dividend issue was going to be cleared up with the 2011 results.
If there was to be a share buy back it is on a pro-rata basis and he would still only hold the same % in the company. However, I wonder if the board are talking to him as a 'very major share holder'. Companies always do talk to institutions to keep them on side, so he could be in the loop. End of year announcements soon so all could be revealed. Good luck to C21 holders.
http://boards.fool.co.uk/21st-century-technology-c21-12481568.aspx This was the article that is said to have started the buying. On the topic of the special dividend if the company was looking at a share buy back it would have to have Peter Gyllenhammar agreement to it and the company would have to buy his shares on a pro-rata basis. The reason being if he goes over 30% ownership he would then be asked he intended to take over the company as his share holding would be in excess of 30%. Would be interested to hear if my theory is correct.
There are very few companies that have equivalent of 33% of their share value in cash at the bank - something good on the cards for sure. I hope not a share buy back ! Special dividend would be good and also for the share price. However it remains a well managed company with good a range of security and environmental / fuel saving products. It will be interesting to see / hear what new products are being developed.
A special div would be nice
Share price up and increased volume, it looks like this share is gradually coming to life! I hope shareholders will see the benefits of this well managed company. 'Miroda' has shown good research and insight on Dec 28th, I hope the special dividend is small enough to allow a structured ongoing dividend policy and not just a one off 'special'! Both could be even better!! It looks like Gyllenhammar may have be coming in for another windfall. It can't be long before the 2011 results are announced.
"Thank you for your email enquiry made via our website. I can confirm that the property sale completed on 6 January. We announced the sale via the Regulated News Service on 28 December and in that announcement we gave the completion date. Our advice was that no follow up announcement was necessary, unless for some reason completion did not take place. I believe this was because of the short time between exchange and completion. While, of course, a confirmation of completion announcement would have eliminated any doubt, I think that an announcement at this stage would be inappropriate. " i was just researching this company and came across this on ADVFN.
21st Century, the supplier and installation service provider of public transport CCTV and vehicle monitoring systems, today announces that it has exchanged contracts for the sale of its freehold head office premises in Drake Road, Mitcham, Surrey to Byrne Group plc ("the Purchasers") for cash consideration of £2,350,000. The Purchasers have paid a deposit of £235,000 and the balance will be payable on the agreed completion date of 6 January 2012. The property, which is mortgage free, was disclosed in the Company's last unaudited interim accounts released on 19 July 2011 at a carrying value of £2,592,000. These accounts also included a provision for deferred tax on the property revaluation surplus. The Board believe that the write back of surplus deferred tax provision will eliminate the book loss on the property disposal. Following the disposal of the Company's legacy distribution businesses at the end of 2009, the head office site has been significantly underutilised and the Company has been marketing the property for sale since that time. The Company intends to move to more suitable leasehold premises in the Croydon area but in the meantime has agreed a short term leaseback of the Drake Road premises from the Purchasers. In a trading update on 13 December 2011, the Company announced that it no longer has any bank debt and its cash balance at 30 November 2011 stood at £2,700,000. The net proceeds from the disposal of the property will be added to the existing cash reserves and applied to finance investment in future business development opportunities. The Board will also give consideration to the payment of a special dividend once the Company's full year results to 31 December 2011 are finalised and if the Board believes at that time that the payment of a dividend would be in the best interests of the Company. Commenting on the property disposal, 21st Century's Chairman, Jan Holmstrom, said: "I am delighted that we have exchanged contracts for the sale of the Drake Road premises which were no longer suitable for our needs and an uneconomic base for our current business. Our plan is to relocate within nine months and remain in the locality therefore we do not anticipate any staff retention issues. "We maintain our strategy to create and enhance shareholder value through organic growth, performance improvement and corporate activity where opportunities arise. With cash reserves significantly boosted by the property sale, we are looking forward to the New Year with confidence."
Good news but I have not seen the details of the sale. when was it announced? Any details or links would be appreciated.
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=11072556 Good news on the sale of the property. Hence the good increase in share price
Great news, lots to look forwards to! This could well pay a small dividend soon and that will give the share price a real boost. There is still time to join the fun and be part of a great company. The share high of 18p, will soon be left far behind. I don't think people realise what tremendous potential this company has. It started with todays announcement and the share price will soon motor. Watch this space!
Thats approx 3p a share in cash woo hoo
It is good to see a few good purchases recently. The share has held up well and I expect it will be very positive early in the new year as we head towards the results. It remains a top share to be in, build and stay in, one for the pension!! A great area of work - CCTV / security / transport - as for the dividend it will follow soon no doubt.
Well with EPS for first six months of .57 and operations continuing to grow id love a final div of 0.5p to 1p a share. The share price would certainly motor then