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Pin to quick picksPipeHawk Share News (PIP)

Share Price Information for PipeHawk (PIP)

London Stock Exchange
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Share Price: 6.50
Bid: 6.00
Ask: 7.00
Change: 0.75 (13.04%)
Spread: 1.00 (16.667%)
Open: 5.75
High: 6.50
Low: 5.75
Prev. Close: 5.75
PIP Live PriceLast checked at -

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Pipehawk dented as revenue slides and loss expands

Mon, 19th Nov 2018 08:10

(Sharecast News) - PipeHawk's shares dived almost 15% on Monday after annual profits and revenues dipped as orders came through later in the year than expected.The company, which makes detection systems to check for utility pipes or landmines below ground, said that for the year ended 30 June loss before tax expanded by 160% to £0.5m as revenues dropped by 16% to £4.8m.Cash and cash equivalents stood at £19,000 at 30 June, down from £72,000 at the same point a year before.Chairman Gordon Watt said: "As I mentioned in my interim statement we had a most peculiar start to the year, the level of enquiries and indications that we would be awarded orders had never been higher, however the orders, whilst not going away, simply were not received until late in the financial year with consequent underutilisation of staff - and hence profitability."Watt added that the company is now "extremely busy" after orders "flowed in" during the third quarter.Even so, the AIM-listed company has racked up deferred fees and interest amounting to approximately £1.6m and remains reliant on the continued financial support of Watt."PipeHawk is committed to technologies and products that unite the goals of customer value and sustainable development. All divisions of the group are currently performing well and I remain optimistic in my outlook for the group," said WattPipeHawk's shares were down 14.81% at 4.60p at 0849 GMT.
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6 Jul 2018 15:43

PipeHawk's QM Systems Inks GBP1.6 Million Contract With Cox Powertrain

LONDON (Alliance News) - Electronic systems development company PipeHawk PLC said Friday that is subsidiary QM Systems inked a GBP1.6 million contract with Cox Powertrain Ltd to develop a system a

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1 May 2018 10:51

WINNERS & LOSERS SUMMARY: HungryHouse And Strong Easter Buoys Just Eat

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Tuesday.----------FTSE 100 - WINNERS----------Just up 4.0%.

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1 May 2018 09:11

PipeHawk Shares Climb As It Wins Further Contracts For QM Systems Arm

LONDON (Alliance News) - Shares in PipeHawk PLC soared on Tuesday morning as it has said it has received a number of new orders in the period since its interims announcement in late stock was at a

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23 Mar 2018 12:43

PipeHawk Half Year Loss Narrows On Cost Cuts Amid International Growth

LONDON (Alliance News) - Electrical engineering firm PipeHawk PLC said Friday its half year loss narrowed on cost cuts despite revenue falling amid temporarily stuttering flow

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15 Nov 2016 11:27

PipeHawk posts wider FY pre-tax loss

(ShareCast News) - PipeHawk said it has posted a wider full-year pre-tax loss of £1.02m, from a loss of £753,000. Revenue was higher at £4.8m, from £4.6m, in what the company described as a "very challenging" year. "The PipeHawk Group remains committed to creating sustainable earnings-based growth a

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15 Nov 2016 10:41

WINNERS & LOSERS SUMMARY: Intermediate Capital And Polypipe Surge

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5 Aug 2016 15:47

PipeHawk awarded second phase of Hadley automation project

(ShareCast News) - PipeHawk announced on Friday that its QM Systems division has been awarded the contract to undertake Phase 2 of the 2020 materials handling system project at Ultrasteel Products - part of the Hadley Industries Group - following the successful delivery of Phase 1. The AIM-traded co

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5 Aug 2016 11:51

PipeHawk Says QM Systems Division Wins GBP900,000 Contract Extension

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19 May 2016 10:02

Pipehawk Wins Handling Systems Deal With Primafruit

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11 May 2016 10:08

WINNERS & LOSERS SUMMARY: Compass Keeps Its Bearings As TUI Tumbles

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11 May 2016 08:59

PipeHawk's QM Systems Gets Further Business From Mann & Hummel

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23 Mar 2016 09:54

Pipehawk Interim Loss Widens As Delayed Sales Hit Revenue

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2 Feb 2016 08:34

PipeHawk builds on axle partnership

(ShareCast News) - One of PipeHawk's subsidiaries was building on a significant business relationship on Tuesday, with a new deal focused around the humble axle. The AIM-traded company said its subsidiary - QM Systems - had won the deal with Dana UK Axle to deliver a turnkey system for the final ass

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2 Feb 2016 08:27

Pipehawk Shares Rises As It Wins Further Deal From Dana UK Axle

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22 Dec 2015 12:10

LONDON MARKET MIDDAY: Oil Helps London Outperform But ITV Slips 1.6%

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