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looks like you sold out a little early. why is this price moving up - any news?
I just sold 250,000 UTN @ 1.03p & i am out for now but i still like UTN.GL
UTN still a buy @this SP imo.GL.
I think UTN is a buy @this SP.GL.
Ultima, an IT and green technology company, has posted an operating loss of £29,000 for the first half of 2012, down from £195,000 for the same period the previous year. This was on revenue of £1.42m (H1 2011: £1.54m), which was hit by a reduction in sales of electronic bicycles into mainland Europe. Following considerable investment, cash was reduced from £0.576m to £0.258m. No dividend was paid.
Ultima now operates through two divisions: the IT Services division, and the Green technology division. The IT Services division develops and supplies computer based application software and services to the legal profession. The Green technology division has been restructured and is responsible for the development and supply of electric powered bicycles and specialist electrical goods and provides renewable energy solutions for the development of clean power generation through solar and other renewable power sources with installations in the United Kingdom and solar parks in Spain and under development in Italy.
Professor Humayun Mughal, Chairman and CEO, commented: "During the six months ended 30 June 2012 Ultima made a group operating loss of £29,000 (H1 2011: Profit £195,000). The continuous investment into research and new product development will position the Group to take advantage of improvements in market conditions. The IT Services division has seen some reduction in its legacy business due to the tough economic climate however the division has seen some growth in the demand for its FiLos legal software suite which is expected to continue with an increased acceptance by larger scale legal practices. The Green Technology division's sales of electronic bicycles into continental Europe slowed during the first half of 2012 which has led to a restructuring of its European distribution channel. The division's latest models have received a positive reception, which is expected to lead to improved performance when they go into volume production in the second half of 2012. The division has continued to expand the scope of its renewable energy solutions with the development of Ground Source Renewable Heat installations, the supply of turnkey solar PV solutions and extending the international scope of operations. "Our main objective going forward continues to be based upon a growth in low risk recurring revenues, a continuous effort to control central overheads and improve operational efficiency and the expansion of the Company by a mixture of organic growth, through continued investment into the development of new products and an increase in renewable energy solutions, complemented by a highly selective acquisitions policy. "We expect both divisions to continue to make progress with the addition of new products and investment into growth opportunities in the development of renewable energy initiatives which will strengthen the Group's green credentials and provide a platform for growth in revenues in the second half of 2012."
Interim Results for the six months ended 30 June 2012 Ultima, the IT and Green Technology Company, is pleased to announce its unaudited interim results for the six months ended 30 June 2012. Highlights for the period · Turnover of £1,416,000 (H1 2011: £1,536,000) · Operating loss of £29,000 (H1 2011: Profit £195,000) · Cash at bank of £258,000 as at 30 June 2012 (30 June 2011: £576,000) · Development of Ground Source Renewable Heat solutions · Pilot Hybrid Solar energy solution developed for the Mexican market to be deployed at Mexican University fourth quarter 2012 for demonstration
http://www.investegate.co.uk/Article.aspx?id=201209120700090462M
Interesting article on electric bikes and Ultima, the suggestion is that more people are going to get cycling after the Olympic's http://www.moneyweek.com/investment-advice/penny-shares/penny-sleuth-one-very-strange-company-59926
Ultima Networks increased profits and revenue in 2011 though cash took a tumble. Ultima does three things: produces software for the legal profession; sells green tech products like electric bicycles; and develops solar power installations. Over 2011 revenue jumped 55% to £2.97m from £1.92m in 2010, while operating profits for the year increased 37% to £0.49m from £0.36m. Profit before tax rose to £0.48m from £0.35m in 2010. Earnings per share improved to 0.19p from 0.13p the year before. Cash at the bank, or on short term bank deposits, was £388,000 as at December 31st, 2011, down from £663,000 at the end of 2010.
...when you consider that admin costs have spiralled massively out of control in relation to the size of the business, eating into the increased profits. When will we ever get back to paying loyal shareholders even a tiny dividend? Are the admin increases just a back door way of paying the "family" bosses and employees their share of our profits, whilst we get nothing?
Prof. Humayun Mughal, Chairman and CEO, commented, "The Group's performance in 2011 has been impressive, with all divisions successfully moving forward with new projects. Our strategy and philosophy is simple: to grow low risk recurring revenue elements of the business, to develop environmentally friendly products and to stay ahead of competition through continuous investment in R&D programmes across all the operating divisions. "Over the last five years, we have increased revenue and delivered profitability to our shareholders. As we roll out new products and invest in innovative environmental schemes we are confident our performance in the coming years will continue this trend."
Final Results for the Year Ended 31 December 2011 The Directors are pleased to announce the audited results of the Company and its subsidiaries (together the "Group" or the "Ultima Group") for the year ended 31 December 2011. The Ultima Group's operations consist of three divisions: IT Services, Green Technology Products and Green Power. These divisions are involved respectively in the sale of software to the legal profession, the development and sale of specialist electrical goods and the development of clean power generation through solar installations in Spain, Italy and the United Kingdom. FINANCIAL HIGHLIGHTS · Group revenue increased 55% to £2,970,000 (2010: £1,919,000) · Group administration expenses increased 52% to £1,224,000 (2010: £807,000) · Operating profit for the year increased 37% to £486,000 (2010: £356,000) · Net profit increased 43% to £517,000 (2010:£364,000) · Earnings per share of 0.19p (2010: 0.13p) · Net asset per share of 1.25p (2010: 1.07p) · Cash at the bank, or on short term bank deposits, was £388,000 at 31 December 2011 (31 December 2010: £663,000) OPERATIONAL HIGHLIGHTS · Completed installation of over 1MW Solar PV generation capacity. · Installed mid-range (50KW) PV Solutions in the UK. · Initiated development of Ground Source renewable Heat Solutions in the UK. · Substantial increase in green technology products due to success of new models in Europe. · Roll out of FiLos legal software suite continuing.
http://www.investegate.co.uk/Article.aspx?id=201205080700538261C
rise today. lets hope it can be sustained.
New low.
At year low.GL.
For UTN.Not much going on.GL.
I had not been able to do a dummy sell on these even for only 10k.I could not sell 100k today @ 1.20sell price so rather than wait all day for a limit sale i sold @best & only got 1p each.So it looks to me like those in this chain want me to sell a few at a time to improve commission paid to them for UTN.GL.
A little bit of coverage Ultima Networks (UTN) announced the connection of its first solar projection to the national grid, and has been granted accreditation by the Office of Gas and Electricity markets, pushing shares up 0.05p to 1.3p. The company is currently working on several products, a number of which will be completing in the next few month, which will result in a significant increase in the company's production of renewable energy.
@ close=1.35
Still creeping up.GL.
Starting to creep up now. Good Luck.
I bought another 100,000 UTN @4pm & it is showing as a sell.Good Luck.