Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
yup f all expected otherwise royal shafting
undervalued slow mover ...such a shame the location of the Dubai store slowed the potential of the progress overseas ...that would have been huge
nope and I'm not too keen on investing in start ups in that region after this ... seem to be the shady sort !
going to be a long time suspended ...6 months is the max I think ...dirty bid before September all seems a little crooked
looks like I got 1 thing right the funds needed timeline ffs 13 February 2018 SerVision plc ("SerVision" or the "Company") Trading update SerVision plc, the AIM quoted developer and manufacturer of digital security systems, today provides an update on trading and the Company's financial position following the conclusion of the financial year ended 31 December 2017. Revenues for the year to 31 December 2017 were up strongly on 2016, with the Company experiencing quarter on quarter sales growth through the year. Trading in the fourth quarter of 2017 showed a marked improvement on recent years and it is the first time since 2014 that sales in the second half of the year have been higher than in the first half. The current order book of the Group currently stands at US$700,000 plus a signed agreement for an additional US$350,000. These orders include new business with Cardtronics, a leading ATM service provider, and Aggregate Industries, a manufacturer and supplier of heavy construction materials. Going forward, the Company is working to leverage new and ongoing pilots with Mobileye distributors in Japan, South Africa, Chile and Argentina, as well as recent opportunities resulting from a strategic cooperation with Gurtam, an industry leader in telematics software that has just completed integration with SerVision's IVG. Whilst the Company's performance for 2017 has been encouraging, there is still a long way to go to achieve the sales target of c$6.5 million that is needed for the Company to trade at break-even. The cumulative losses of the last three years have been largely funded by increased borrowings and, as at 31 January 2018, the Company's net loans from banking institutions and others amounted to approximately $3.7 million, including Yorkville and CSS Alpha (BVI) Ltd who, as at the date of this announcement, are owed a total of US$0.9 million. With no additional debt facilities that can be used, the Company is required to raise further finance in the near term or face having to convert some of the existing debt into equity. The Company has access to the SEDA facility with Yorkville but recognises the potential dilutive effect could be significant and the intention remains that the Company does not utilise the SEDA facility. Instead, the Company continues to seek new investors who share its vision of the future. As such the Company is currently in discussions with a potential new investor who is considering taking a significant equity stake in the business. Ahead of this investor completing its due diligence over the next couple of months, it has also indicated a willingness to lend SerVision between US$0.3 million and US$0.6 million to help the Company relieve some of the immediate funding pressure. At this stage no guarantee can be given on the loan being secured by the Company nor to the terms of such loan funding. Nor can there be any assurance
strange indeed ...would help if they would let people know what happening !!
Yes there are positives..still long term Negatives to look at by my calculations last year ..we are probably running low on costs around about Feb.. now we know they can't place without giving more shares to cascade ... just wonder with no contracts in sight where is the money gonna come from.
Majority of us still way down but anything blue is a bit of encouragement
yeah lets see if ir can hold this rise today ...
wrong stock?
lol yes prof we sure do just what is needed for a retunr to the peak ..it will have to be a blockbuster bit of news
Lol don't believe them the just fake Seen 4 in the last month on other stocks in watching and no rns
Good point prof ... think whatever it is it will be after September .... when the options expire interesting to see if they are taken
This was a pump and dump classic ... aim bloody games
Yes mate it's a shame as this looked a good and that would have more than one good thing going for it .... I'm in ast which is down also lol waiting on ipcc so should come good soon but not the end to year on stocks I was expecting so far ......thankfully fx is going much better and is paying the way.
already moved some around mate ...didnt expect to but now only a link up with mobileye will see me rewarded with what i hold
10 trading days left ..doesn't look likely
Agree don't see moss bros going the same way of other retailers....what would really be great if they progressed properly on all the promise