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Share Price: 275.00
Bid: 273.00
Ask: 275.00
Change: 14.00 (5.36%)
Spread: 2.00 (0.733%)
Open: 259.00
High: 279.00
Low: 258.00
Prev. Close: 261.00
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EXPANSYS warns on profits amid tough UK trading

Mon, 06th Jun 2011 08:00

Online Smartphone retailer EXPANSYS expects to report a smaller pre-tax profit than previously anticipated for the year to 30 April amid tough trading in Britain.It expects pre-tax profits for the period to come in at £3.4m, compared to a loss of £200,000 the previous year."On a like for like basis, EXPANSYS retail revenues are expected to show growth of circa 30% over the previous year with all regions reporting sales growth for the 12 month period, led by significant growth in Asia and the US," the company said. "As noted in the group's statement in January this year, the UK consumer environment has been challenging; these trading conditions continue and the resulting competitive retail environment in which the group is operating places margins under pressure."EXPANSYS says the trading environment remains tough, especially in Britain and Europe and added that it investing in the US and Asia is currently a priority. "While the consumer environment in our key markets remains challenging and competition intense, EXPANSYS is focussed on growing core profitability while laying the foundations for the significant growth opportunities its diverse business models and global coverage present," said chief executive Anthony Catterson.---RG
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21 Mar 2013 17:09

STOCKS NEWS EUROPE-UK small caps close down 0.5 pct

The FTSE Small Caps index close down 0.5 percent, compared to falls of 0.7 percent on the blue-chip FTSE 100 0.4 percent on the FTSE 250 mid-cap index E-commerce and consumer technology company Expansys slumps 35 percent after the company issues a profit warning, stating that trading in the

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21 Mar 2013 12:15

STOCKS NEWS EUROPE-UK small caps off 0.1 pct, outperform blue-chips

The FTSE Small Caps index is down 0.1 percent by around midday, outpeforming bigger declines of 0.8 percent on the blue-chip FTSE 100 and 0.6 percent on the FTSE 250 mid-cap index. E-commerce and consumer technology company Expansys slumps 35.4 percent after the company issues a profit war

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17 Aug 2012 13:37

Small caps round-up: AEA Tech, Expansys, HgCapital ...

Trading since April 1st at AEA Technology Group has remained challenging, as expected, but the energy and sustainability consultancy stressed that good progress is being made in the implementation of the business plan. Discussion over the firm's strategic options to realise its value are on-going wi

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8 Aug 2012 10:15

Small Caps round-up: eXpansys, Oxford Biomedica, Dawson International

eXpansys, the online electronics retailer has delivered a 33 per cent increase in turnover in the 12 months to the end of April. Total revenues for the year were 108.5m pounds, up 24pc on a like-for-like basis. Profits before tax were 4.3m pounds, a rise of 27pc on the prior year. The market had cle

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17 Apr 2012 11:18

Small caps round-up: Expansys, Scancell, Inspired Energy...

Expansys, the eCommerce company, has struck lucky in Istanbul. Its subsidiary PJ Media has won a contract to supply the official online store for Vodafone Turkey. By 11:06 eXpansys had gained 8.6%. Scancell Holdings, the developer of therapeutic cancer vaccines, has announced it has recruited enoug

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1 Mar 2012 10:30

Small caps round-up: K3, Densitron, Innovation...

Software firm K3 Business Technology Group has received a number of indicative proposals at levels materially higher than the current share price, which it will explore these under a formal sale process and is now consequently in an offer period. Shares in the firm leapt 21.75 percent to 187.50p.

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28 Feb 2012 16:00

Asian Citrus non-exec squeezes the funds to buy shares

A non-Executive Director of Asian Citrus, an AIM-100 Chinese orange grower, has bought 256,000 shares for himself and his wife. Peregrine Moncreiffe and his wife, Miranda Moncreiffe, purchased the shares at an average price of 37.95p each for a total of £97,152. Winterthur Pension Management, in

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10 Jan 2012 10:50

Expansys sees 30% sales growth

Expansys, the online electronics retailer, has climbed 6% this morning on news its November and December sales are 30% ahead of the equivalent period of 2010. The growth has come from the firm's own brand websites and particularly in the Asia and US divisions. Expansys's Chief Executive, Anthony C

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14 Dec 2011 07:19

eXpansys posts half year profit

Online wireless and consumer technology retailer eXpansys reported a half year profit compared to a loss during the same six months a year earlier after strong growth particularly in the US and Asia. The group, which sells smartphones, laptops and cables, said pre-tax profit came in at £0.8m for th

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15 Aug 2011 13:17

Dragon's Den's Peter Jones puts up the money

Dragon's Den entrepreneur and business tycoon Peter Jones has used some of the proceeds of his sale of one of his telecoms businesses, Wireless Logic, to buy more shares in the online consumer electronics business eXpansys He bought 35,634,200 shares at 2.42p. Jones, the non-executive deputy cha

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27 Jul 2011 15:45

EXPANSYS bosses buy into rally

Directors at EXPANSYS have been clubbing together to buy big stakes in the ailing online smartphone retailer, taking advantage of a continuing rally. Bob Wigley took the biggest stake, taking about 6.6m shares at 1.49p a time and lifting his stake to 8.4m shares, about 0.73% of the company. Brian C

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26 Jul 2011 14:39

Expansys back in black

After a year of transition and change, global online consumer electronics retailer Expansys moved into the black at the full-year stage. Underlying profit before tax, which strips out one-off and other non-cash items, was £3.4m in the year to 30 April, versus a loss the year before of £0.2m. On an

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7 Jun 2011 06:38

Retail sales fall 2.1% in May

May retail sales were down by 2.1% on a like-for-like basis from the same month last year, new figures from the British Retail Council (BRC)show, demonstrating the fragility of consumer sentiment in Britain. The drop in sales comes after a strong rise in April that was boosted by warm weather and a

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6 Jun 2011 16:38

London close: FTSE 100 outshines overseas stocks

London's leading share index was an island of blue in a sea of red Monday after the IMF's endorsement of the government's deficit-cutting programme. The soft housing market and the effects of fiscal consolidation will continue to weigh on UK growth after a flat 6 months to 31 March, the IMF predict

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6 Jun 2011 15:32

Sector movers: Retail contracts after EXPANSYS profit warning

The retail sector is among today's strugglers, with online Smartphone retailer EXPANSYS prominent among the fallers after saying it expects to report a smaller pre-tax profit than previously anticipated for the year to 30 April amid tough trading in Britain. It expects pre-tax profits for the peri

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