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Pin to quick picksStar Energy Share News (STAR)

Share Price Information for Star Energy (STAR)

London Stock Exchange
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Share Price: 9.50
Bid: 9.28
Ask: 9.78
Change: -0.345 (-3.49%)
Spread: 0.50 (5.388%)
Open: 9.50
High: 9.50
Low: 9.50
Prev. Close: 9.875
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Starcom plunges as change in accounting policy means results will miss expectations

Wed, 08th Apr 2015 09:46

Shares in Starcom fell over 8% on Wednesday, after the technology group warned that a change in accounting policy will lead to its annual results coming in below market expectations.The Jersey-based group said it will no longer recognise revenue in respect of "bill and hold" sale prior to the delivery of goods, even though it added it was able to meet all the requirements for this kind of revenue recognition.However, the change in accounting policy means $4.8m (£3.2m) in "bill and hold" agreements will not be recognised in the company's annual results for 2014, which will therefore fall short of expectations.Had the sales been included, the group would have recorded revenue of $9.5m, while it currently expects revenue to total $4.7m, a 47.7% decline year-on-year.Starcom said the change in policy was due to its experience with "bill and hold" sales which totalled $2.8m in 2013, when goods were produced against commitments from customers to receive delivery in 2014.Ahead of delivery, the group said it had expected the items to be drawn during 2014 but the level of drawdowns was smaller than expected.The London-listed company said it expected the "bill and hold" deals for the last two years to be recognised as sales in 2015, which would lead to much improved revenue compared to 2014.Starcom shares were down 8.06% at 7.70p to 10:00 on Wednesday.
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24 Nov 2016 13:41

Starcom raises £150,000 for additional working capital

(ShareCast News) - Technology company Starcom has raised £150,000, before expenses, after a conditional placing of 5m new shares at 3p each. It said proceeds would provide additional working capital. "Since the placing announced on 21 October 2016, trading has been in line with the Board's expectati

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10 Nov 2016 08:53

Starcom Says Kylos Air Devices Approved For Use On Amerijet Aircrafts

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21 Oct 2016 10:41

Starcom raises £300,000 for interim working capital

(ShareCast News) - Starcom says it has raised £300,000 at 2.5p a share with the proceeds to provide additional working capital, citing delays in payments expected late in 2016. The company said last month it had sufficient cash for its present needs, but on Friday added that was based on assumptions

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17 Oct 2016 09:13

Starcom to appeal after court finds in favour of former lender

(ShareCast News) - Starcom has launched an appeal after a court in Israel found in favour of a £1m claim filed almost two years ago. The AIM-listed vehicle tracking company had previously been advised by lawyers that the claim by Top-Alpha Capital, a boutique financial services company based near Te

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7 Sep 2016 11:28

Starcom sales and margins slip after price erosion in first half

(ShareCast News) - First-half sales and profit margins at Starcom were down on the same period last year, with low cash levels likely to worry some investors, but the wireless tracking specialist cut operating losses and sounded optimistic notes about current and future trading. Revenues in the six

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16 Jun 2016 08:12

Starcom Launches Real-Time Alerts Padlock Watchlock Pro

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26 Apr 2016 15:05

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24 Mar 2016 16:34

Starcom Raises GBP450,000 In Placing Of 30.0 Million Shares (ALLISS)

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11 Mar 2016 16:16

Starcom narrows loss in 2015

(ShareCast News) - Wireless tracking solutions firm Starcom reported a smaller loss in the 2015 calendar year, with the board confident in its future in its final results on Friday. The AIM-traded company saw revenue for the year of $5.1m (£3.54m), up from $5m a year earlier. Its gross margin was do

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19 Feb 2016 13:34

Starcom Issues Shares To YA Global Master For Loan Note Conversion (ALLISS)

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20 Jan 2016 12:07

Starcom wins three-year contract extension

(ShareCast News) - Starcom said it had won a three year extension to a contract with an unnamed international client for its Helios Hybrid tracking system. The company, which makes wireless remote tracking and monitoring products, said the extension will begin from the end of January this year. The

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20 Jan 2016 08:00

Starcom Wins Three-Year Extension For Helios Hybrid System Contract

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8 Dec 2015 07:52

Starcom Issues New Shares To YA Global Master On Conversion (ALLISS)

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3 Dec 2015 12:05

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3 Dec 2015 10:30

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