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Share Price Information for Sabien Tech. (SNT)

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Share Price: 12.25
Bid: 11.50
Ask: 13.00
Change: 0.00 (0.00%)
Spread: 1.50 (13.043%)
Open: 12.25
High: 12.25
Low: 12.25
Prev. Close: 12.25
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Sabien Tech's revenue falls but sales pipeline recovers

Tue, 25th Oct 2016 07:43

(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 fell 49% to £880,000, compared to the previous year, but the company's sales pipeline has soared 95% to £12.2m.Sales for the year were lower than last year due to a lack of pilots in prior years converting to sales revenue. The company said it addressed the issue in May 2015 when the company offered a free pilot programme to potential customers.Loss before tax widened to £1.62m from £570,000, and as a result no dividend will be paid.Net cash balance at the end of June was £240,000, down 79%.The company fund raised £770,000 to fund the P35 pilot programme, develop its M2G product, a patented energy efficient technology designed to reduce fuel consumption in commercial boilers, and recruitment more technical personnel.Chief executive Alan O'Brien said: "2016 was a year of transition resulting from the review of the group's sales strategy and sales processes. The main targets for the group were to achieve 35 pilot installations in the year and to grow the sales pipeline and I am pleased that both these were achieved."We will now be looking to build on these achievements in the new financial year and are looking to run a total of 40 pilots in the UK, Europe and the US."Since the end of June, the company has signed a distribution agreement for the endotherm heating additive and raised £750,000 to fund the P40 pilot, overseas pilot programmes for the 2016/17 heating season and the development of its M2G product.
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11 Feb 2014 11:17

Sabien Technology shares fall on wider H1 losses

Shares in Sabien Technology tumbled after it unveiled wider first-half losses and said more of its sales were likely to come in the second half. Sabien, which makes energy-saving control technology for commercial heating systems, made a pre-tax loss of £245,000 in the six months to December 31st ag

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11 Feb 2014 09:41

Tuesday broker round-up UPDATE

Bellway: Jefferies takes target price from 2085p to 2186p and stays with its buy recommendation. BT Group: Jefferies shifts target price from 435p to 440p and keeps a buy recommendation. Carnival: Jefferies ups target price from 2000p to 2050p, while downgrading to underperform. Deutsche Bank rais

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11 Feb 2014 09:36

CORRECT: UK MORNING BRIEFING: Shares Open Higher But Barclays Down On Results

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11 Feb 2014 08:32

UK MORNING BRIEFING: Shares Open Higher But Barclays Down On Results

LONDON (Alliance News) - UK shares have opened higher Tuesday ahead of the testimony later in the day by new US Federal Reserve Chair Janet Yellen.

Barclays has said it is in a position to increase its leverage ratio target, despite a loss in its final quarter. Bar

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16 Jan 2014 16:50

STOCKS NEWS EUROPE-UK small caps weaken, Lamprell outperforms

The FTSE Small Cap index sheds 0.5 percent, in line with the midcaps, but lagging a 0.1 percent rise from junior-listed AIM shares. Lamprell, an engineering and construction services group that focuses on the energy sector, gains almost 10 percent after stating in a trading update that its

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16 Jan 2014 16:19

UK shale gas firm IGas climbs as CEO indicates confidence

IGas Energy, a British onshore oil and gas explorer and developer, was one of the top risers on AIM on Thursday as Chief Executive Andrew Austin dipped into the market. Austin shelled out £0.4m on 300,000 shares at 135.38p, even though the shares are trading around all-time highs. The purchase in

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16 Jan 2014 11:33

DIRECTOR DEALINGS: Wife Of Sabien Tech Non-Executive Transfers Shares

LONDON (Alliance News) - Sabien Technology Group PLC Thursday said Rosena Monaghan, the wife of Non-Executive Director Karl Monaghan, sold 32,940 shares at 35 pence per share on January 9, and her ISA purchased 32,594 shares at 35.1 pence per share on the same date. As a result of this tran

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7 Oct 2013 11:02

UK WINNERS & LOSERS: Burberry Trips After Chinese Slowdown, Suretrack Shares Jump

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7 Oct 2013 08:41

Sabien Technology Wins GBP2.2 Million Contract With Lincolnshire County Council

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7 Jun 2013 08:48

Sabien receives new orders for M2G technology

Sabien Technology Group's shares advanced Friday after the company announced it received further orders for its boiler energy efficiency technology M2G. The company received the orders, worth £211,743, to install M2G across the Ministry of Defence (MoD) South East Regional Prime Contract managed by

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28 May 2013 07:52

Sabien Technology wins new order for M2G installation

Sabien Technology Group, which manufactures and supplies M2G, a boiler energy efficiency technology, has won a new order to install M2G across the Ministry of Defence (MoD) south east regional prime contract, which is managed by PriDE, a joint venture between Interserve Defence and SSE Contracting.

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26 Mar 2013 11:48

Sabien Technology rises on Fireye distribution agreement

Shares in AIM-listed boiler energy efficiency technology manufacturer Sabien Technology advanced as the group signed a non-exclusive distribution agreement with flame safeguard controls manufacturer Fireye, for the supply of its UL-approved M2G boiler optimisation controller. M2G improves the energ

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13 Feb 2013 07:47

Wednesday broker round-up UPDATE

API Group: Numis shifts target price from 70p to 67p downgrading to hold. Barclays: Morgan Stanley raises target price from 386p to 400p keeping an overweight rating. Credit Suisse increases target price from 250p to 290p, while leaving its neutral rating unchanged. JP Morgan ups target price from

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7 Feb 2012 13:48

Sabien on the boil

Sales, profits and the order book are all heating up nicely at energy saving device developer Sabien Technology. The company saw a 63% hike in profit before tax during the six months ended December 31st to £0.3m from £0.19m the year before. Revenue rose to £1.5m from £1.1m the previous year. The

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3 Oct 2011 13:04

Sabien Technology move back into the black

Energy saving device developer Sabien Technology saw its pre-tax profit move back into the black after revenue more than doubled for the year ended 30 June. Income rose from £0.97m to £2.1m, leading to profit before tax of £0.2m, up from a loss of £0.5m the previous year. Despite this rise, earnin

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