RE: SNT - RNS12 Feb 2019 08:55
This is being seriously ramped, buyer beware, holders take your money out BEFORE the results.. They have only sold £278k worth of kit all year, £146k in Jan, the margins are tight, they have more than likely done cheap deals into councils to get the product moving... See RNS below, if there were any other orders where are they?
Sabien Technology Group plc (AIM: SNT), the manufacturer and supplier of M2G, a boiler energy efficiency technology, is pleased to announce it has received sales orders totalling £146,187 for the month of January 2019. This brings total orders for the financial year ending June 2019 to £278,332. In comparison, sales orders for the six-month period ended 31 December 2018 totalled £132,145. Sales orders in the month of January alone therefore represent an increase of approximately 10% compared to the previous six months. All sales revenue will be realised in this financial year.
Orders have been received from UK customers, including local councils, and from Sabien's overseas distribution network in the US. (This constitutes the poor volume above)
DON'T BE DUPED BY A PUMPER AND DUMPER, THIS IS GOING TO BE A TRAIN CRASH!
And no, i'm deffo not looking for a cheap entry into this... my local corner shop does a higher turn over than this lot...