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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: 0.00

Low: 0.00

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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17 Jan 2019 10:31

Sabien Technology Appoints Charles Goodfellow To Board

LONDON (Alliance News) - Sabien Technology Group PLC said Thursday it appointed Charles Goodfellow to its board as non-executive director.Goodfellow is a corporate broker with over 25 of He

28 Nov 2018 18:02

Sabien Technology Annual Loss Narrows On Revenue Rise

LONDON (Alliance News) - Sabien Technology Group PLC said Wednesday that its annual loss narrowed on the back on increased revenue and lower costs.For the year ended June 30, the energy of

23 Nov 2018 12:53

Sabien Technology To Miss Break-Even Target, Raises GBP400,000 (ALLISS)

LONDON (Alliance News) - Sabien Technology Group PLC on Friday said it raised GBP400,000 via a share placing as it no longer expects to achieve a monthly break-even target by December.The a

6 Aug 2018 12:07

Sabien Technology Shares Plunge; Risks Not Meeting Break-Even Target

LONDON (Alliance News) - Shares in Sabien Technology Group PLC plunged Monday after the company said it risks not meeting its monthly break-even target.Sabien Technology shares were trading

6 Aug 2018 11:31

Sabien tumbles on profit warning

(Sharecast News) - Energy efficient technology manufacturer Sabien Technology expects to report revenues of around £600,000 and a pre-tax loss of as much as £700,000 from its last trading year.

26 Mar 2018 15:37

Sabien Technology Raises GBP400,000 In Share Placing At Premium (ALLISS)

LONDON (Alliance News) - Sabien Technology Group PLC said Monday it has raised GBP400,000 in gross proceeds in a share placing, with Chairman Bruce Gordon to of

25 Oct 2016 07:43

Sabien Tech's revenue falls but sales pipeline recovers

(ShareCast News) - AIM-listed Sabien Technology Group, a manufacturer of endotherm boiler energy efficiency technologies, reported that full-year revenue fell by nearly 50% but its sales pipeline has increased due to a change in its policy. For preliminary results for the year ended 30 June, revenue

25 Oct 2016 07:19

Sabien Technology Reports Wider Annual Loss But Pipeline Strengthens

16 Sep 2016 09:23

Sabien Technology to raise £750,000 via placing

(ShareCast News) - Energy efficiency technology manufacturer Sabien Technology will raise £750,000 through a share placing on AIM on Wednesday, in order to invest in pilot projects. The company will place 18.75m shares at 4p per share to raise £750,000, before expenses, from institutional and other

13 Jul 2016 09:03

Sabien Technology Order Book Picks Up Following Profit Warning

2 Jun 2016 09:41

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2 Jun 2016 07:46

Sabien Technology Warns Of Wider Loss As Annual Revenue Declines

3 May 2016 09:38

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3 May 2016 08:20

Sabien Technology Sees Positive Sales Pipeline As It Completes Pilots

9 Feb 2016 14:37

Seriously depressed first half numbers for Sabien Technology

(ShareCast News) - Sabien Technology was looking at some seriously depressed numbers in its first half trading on Tuesday, blaming reduced margins and increased costs for the result. The AIM-traded manufacturer of the patented M2G energy saving devices saw sales revenue slip in the six months to 31

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