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Indigovision shareholders tickled pink by special divi

Thu, 27th Sep 2012 09:58

Internet video security firm IndigoVision is awash with cash after a strong start to the new financial year and so has announced a special dividend of 70p per share. Revenue for the year to the end of July rose 5% to £30.27m from £28.89m the year before, with the second half seeing a 14% year-on-year improvement in the top-line.The rise was driven by strong growth in Latin America and a modest improvement in North America, offset by a small drop in Asia Pacific and by a decline in Europe, Middle East and Africa. Profit before tax and exceptional items more than doubled to £2.69m from £.121m in the previous year. Diluted earnings per share rose to 21.9p from 8.2p the year before. Cash balances at the end of July totalled £6.00m, up from £5.07m a year earlier.A final dividend of 5p per share has been declared, making 10p for the year, up 33%. On top of that, shareholders can expect a one-off special dividend of 70p. "A good start has been made in the current year," revealed Hamish Grossart, Chairman of IndigoVision. "Double digit sales growth has continued into the first seven weeks of the current year, and the rate of order intake is equally encouraging. Over the next 18 months, management is clearly focused on achieving growth rates at least equal to those of the markets in which IndigoVision operates. Whilst forward visibility of future sales remains relatively short, at this early stage there is every reason to believe that the current year will be a good one," Grossart added.The shares rose 60p to 412.5p on the results which, given the 70p special dividend payment, might be regarded as a net share price decline. JH
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31 Jul 2012 07:11

IndigoVision to more than double operating profits

Internet video security firm IndigoVision said turnover for the year to 31 July 2012 is expected to be not less than £30m. The Scottish technology firm, which sells digital surveillance equipment worldwide, said sales growth in the second half year is expected to exceed 10 per cent and full year sa

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14 Mar 2012 12:54

IndigoVision sees better second half

IndigoVision Group, an internet video security company, posted a slight fall in revenues and profit before tax for the half year ended January 31st. Revenue fell from £15m to £14.49m year-on-year while pre-tax profit dropped from £1.4m to £1.3m, mainly as a result of higher research and developmen

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30 Jan 2012 08:49

Small caps round-up: Aer Lingus, Gold Oil, IndigoVision...

Airline Aer Lingus has confirmed that it is in talks with parties involved with the firm's pension scheme, which is said to be 400 million euros short, equivalent to $525m. The Irish Airlines Superannuation Scheme (IASS) is holding thetaljks with trade unions and Dublin Airport Authority and its uni

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22 Dec 2011 06:35

Thursday newspaper round-up: Deficit, Pensions, Solar

George Osborne was given a boost yesterday after public sector borrowing fell by more than expected last month on the back of the bank levy and the 20% VAT rate. The Office for National Statistics said that public sector net borrowing had fallen to £18.1bn, compared with £20.5bn in November last yea

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21 Dec 2011 16:29

Barclays director keeps the faith

Sir Michael Rake, the Senior Independent Director of Barclays, has upped his stake in the firm less than a week after the global bank was downgraded by Fitch Ratings. Rake, who is currently also Chairman of telecommunications firm BT Group and Chairman of Easyjet, bought up 5,914 ordinary shares a

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15 Dec 2011 15:45

Lloyds boss wakes up and buys 0.6m shares

Announcing his return to work just six short weeks since taking leave on medical advice, Lloyds boss Antonio Horta-Osorio celebrated his recovery with the purchase of $226,962-worth of shares in the part-nationalised lender. The director, who was signed off sick with extreme fatigue and sleep depr

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21 Sep 2011 07:12

IndigoVision operating profits plummet

Internet video security company IndigoVision said operating profit more than halved as it battles against difficult trading conditions. Operating profit fell to £1.19m for year ended 31 July 2011 compared to £3.05m in the corresponding period in 2010. Revenues rose to £28.9m from £28.0m before.

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10 Aug 2011 16:43

London close: Stocks slide after short-lived rally

London's leading share index almost closed back below the 5,000 point mark after giving up a short-lived rally. Euphoria over US plans to keep interest rates at their current low levels was soon overshadowed by the reason for the plans: the grim economic outlook. Here, the Bank of England has cut

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10 Aug 2011 14:20

Sector movers: Micro Focus provides spark in software sector

The software and computer services sector was in demand on Wednesday after results and updates from three of its constituents. FTSE 250 legacy software specialist Micro Focus soared after it revealed that it is trading ahead of expectations. The upbeat trading statement made a change from profit wa

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10 Aug 2011 12:21

London midday: FTSE 100 stable for now after gains

Shares are holding onto most of their gains after rallying on the back of the US Federal Reserve's announcement that rates will stay low for two years. Hopes that this will keep the global economy growing has spurred demand for miners, with big-hitters such as Xstrata and Kazakhmys higher, joined b

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10 Aug 2011 08:32

London open: Strong start as Footsie climbs back over 5,200

Just three stocks were in the red early on, as the Footsie attempted to claw its way back after a week of turmoil in global markets. The US Federal Reserve last night pledged to freeze short-term US interest rates for two years and opened the door to more quantitative easing, in an attempt to resto

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10 Aug 2011 07:46

IndigoVision to miss full-year targets

Internet video security company IndigoVision warned that sales and profits for the year ended 31 July will not meet its initial targets. "Generally sales lead times have lengthened as the year has progressed and as a result overall sales and consequently estimated trading profit are below our earli

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17 Jun 2011 16:33

London close: Greek talks bolster late recovery

As European leaders seemed to come closer to a solution to the Greek crisis, sentiment was lifted across the continent with markets finishing higher across the board. Despite a poor start, London equities got a boost in the late morning period, helping the Footsie back above the 5,700 mark. A strong

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17 Jun 2011 12:03

London midday: Stocks fight back on Eurozone hopes

The leading share index has hauled itself into positive territory as hopes rise that European leaders will bring the Greek debt situation to a resolution. Germany's Angela Merkel and France's Nicolas Sarkozy called on a new rescue package to be agreed upon as quickly as possible. In corporate news

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17 Jun 2011 09:48

IndigoVision plummets as growth slows

The share price of IndigoVision, the internet video security company, fell by almost a third on Friday after the group warned that sales for the full year will fall short of its expectations. "Since our interim results announcement in March, the Group's rate of growth has slowed. We continue to exp

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