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Pin to quick picksSabien Tech. Share News (SNT)

Share Price Information for Sabien Tech. (SNT)

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Share Price: 12.50
Bid: 12.00
Ask: 13.00
Change: 0.00 (0.00%)
Spread: 1.00 (8.333%)
Open: 12.50
High: 12.50
Low: 12.50
Prev. Close: 12.50
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Sabien continues to dive as sales conversions prove tricky

Thu, 14th Feb 2019 09:22

(Sharecast News) - Sabien Technology dived on Thursday after a "challenging" period for the energy saving technology provider resulted in a drop in sales orders but losses were reduced through cost-cutting.A loss before tax of £0.21m for the six-month period ended 31 December was down 11.2% compared to the same period the year before, even as revenue dropped 26.0% to £0.34m.The reduction in losses was achieved through a 48.4% drop in cost of sales to £0.05m and administrative expenses being cut by 16.6% to £0.50m.Directors said they remain "focused on returning the company towards profitability and has continued to manage the group's working capital tightly during the period" with cost-cutting policies continuing to be effective."The six-month period ended December 2018 was another challenging period for the group given the continuing unpredictability on the timing of conversion of the sales pipeline into sales orders."Sales orders received have dwindled, dropping to £0.13m from £0.23m with a sales pipeline currently standing at £10.6m, including potential clients that have been given a quote but have not indicated an order.Sabien acknowledged that it needs to achieve "a sustained improvement in the conversion rate of the order book to sales in the year ahead to reach the board's target of breakeven for the company".The AIM traded company had cash and cash equivalents of £0.28m at the end of the period, up from £0.13m at the same point the year before.Sabien Technology's shares were down 35% at to 0.091p at 0846 GMT, down from 0.63p at the start of last year.
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19 Feb 2024 11:32

Sabien Technology interim loss narrows; confident in future

(Alliance News) - Sabien Technology Group PLC on Monday said it demonstrated the ability to scale and scope its developments as it reported a narrowed interim loss.

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7 Feb 2024 13:17

Sabien gas-saving tech installed at Hampton Court Palace

(Sharecast News) - Sabien Technology Group announced the installation of its M2G Cloud Connect system at Hampton Court Palace on Wednesday.

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7 Feb 2024 11:30

Sabien Technology installs M2G Cloud Connect system at Hampton Court

(Alliance News) - Sabien Technology Group PLC on Wednesday said its gas boiler energy saving solutions arm M2G has installed its Cloud Connect system at Hampton Court Palace, west London.

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9 Jan 2024 12:59

Sabien flags decent first-half growth

(Sharecast News) - Sabien Technology said in an update on Tuesday that in its first half, its cloud-enabled gas boiler energy-saving solution, M2G, demonstrated significant improvements in its key performance indicators.

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29 Nov 2023 11:26

IN BRIEF: Sabien Technology rises on higher demand for M2G

Sabien Technology Group PLC - London-based company focused on green technologies such as plastic-to-oil recycling and CO2 mitigation for commercial and residential boilers - Ahead of its annual general meeting on Wednesday, says there was "considerable progress" in the financial year ended June 30 in its M2G boiler technology business, as well as in b.grn, the special purpose vehicle of which Sabien owns a third. "Carbon savings using M2G have almost tripled while Cloud Connect installations are now nearly twice that of a year ago. Since year end, new orders and revenue growth have extended the strongly positive trend during the last financial year," says Chair Richard Parris. Expects b.grn to contribute materially within the medium to long term. Looking ahead, says it expects to deliver on "key milestones" in financial 2024.

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22 Nov 2023 15:53

UK shareholder meetings calendar - next 7 days

Thursday 23 November 
abrdn UK Smaller Companies Growth Trust PLCAGM
Avation PLCAGM
Bradda Head Lithium LtdAGM
DX Group PLCAGM
Europa Oil & Gas Holdings PLCAGM
Fiske PLCAGM
JPMorgan UK Smaller Cos Investment Trust PLCAGM
Hotel Chocolat Group PLCAGM
Pacific Horizon Investment Trust PLCAGM
Pan African Resources PLCAGM
PZ Cussons PLCAGM
Rosslyn Data Technologies PLCAGM
Friday 24 November 
Base Resources LtdAGM
Cloudbreak Discovery PLCAGM
Esken LtdEGM re Esken Renewables disposal
Neometals LtdAGM
Sovereign Metals LtdAGM
Sylvania Platinum LtdAGM
Monday 27 November 
Chelverton Growth Trust PLCGM re voluntary liquidation
European Smaller Cos Trust PLCAGM
JPMorgan Global Emerging Markets Income Trust PLCAGM
Quadrise PLCAGM
Tribal Group PLCGM re cash offer by Tiger Bidco 1 Ltd
Tuesday 28 November 
Bluefield Solar Income Fund LtdAGM
London Finance & Investment Group PLCAGM
Nanoco Group PLCAGM
Oakley Capital Investments LtdAGM
Wednesday 29 November 
Artemis Resources LtdAGM
Aura Energy LtdAGM
Contango Holdings PLCAGM
CVS Group PLCAGM
Fidelity Asian Values PLCAGM
Ikigai Ventures LtdAGM
Panthera Resources PLCAGM
Reconstruction Capital II LtdAGM
Renishaw PLCAGM
RiverFort Global Opportunities PLCAGM
Sabien Technology Group PLCAGM
Scancell Holdings PLCAGM
Seeing Machines LtdAGM
SLF Realisation Fund LtdAGM
Target Healthcare REIT PLCAGM
Thor Energy PLCAGM
Transense Technologies PLCAGM
Vast Resources PLCAGM
  
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2 Nov 2023 14:44

Sabien Technology revenue rises, losses narrow

(Sharecast News) - Sabien Technology Group reported total revenue of £1.1m in its final results on Thursday, marking a significant increase from the prior year's £0.68m.

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2 Nov 2023 11:55

Sabien Technology annual loss narrows slightly; eyes cost reductions

(Alliance News) - Sabien Technology Group PLC on Thursday said it is anticipating cost cuts of up to 50% via combining three devices into one as it reported a slightly narrowed pretax loss.

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4 Oct 2023 14:33

Sabien rolling out M2G cloud solution in US market

(Sharecast News) - Sabien Technology Group announced the US rollout of its M2G cloud-enabled gas boiler energy-saving solution on Wednesday.

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4 Oct 2023 13:41

Sabien Technology touts US rollout of energy saving-focused M2G

(Alliance News) - Sabien Technology Group PLC on Wednesday announced the start of the rollout of its M2G cloud-enabled gas boiler energy saving solution in the US.

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26 Sep 2023 19:38

TRADING UPDATES: Cohort trading ahead of expectations, record orders

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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16 May 2023 14:28

Sabien signs deal with City Oil Field to reshuffle b.grn ownership

(Alliance News) - Sabien Technology Group PLC on Tuesday said it signed, alongside Parris Group Ltd, a second memorandum of understanding with City Oil Field Inc to restructure ownership of b.grn Group Ltd.

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17 Apr 2023 12:13

Sabien Technology's b.grn to deliver Midlands recycling project

(Alliance News) - Sabien Technology Group PLC on Monday said investee b.grn Group signed a deal to deliver a recycling project cluster plan in the Midlands.

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5 Apr 2023 19:35

DIRECTOR DEALINGS: Hilton Food CEO elect buys shares following results

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Wednesday and not separately reported by Alliance News:

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31 Mar 2023 17:22

TRADING UPDATES: Parkmead profit hurt by impairment; Shearwater warns

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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