The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Shanker Patel, Chief Executive Officer of Lords, said: "We are delighted to announce the successful acquisition of Chiltern Timber and are also really excited to welcome their ten colleagues to the Lords Group family. The acquisition is complementary to our existing Lords Builders Merchants business and will increase our customer base, broaden our product offering and enhance our UK geographic coverage."
https://www.proactiveinvestors.co.uk/LON:LORD/Lords-Group-Trading-PLC/rns/1293994
Lords, a leading distributor of building materials in the UK, is pleased to announce the purchase of Chiltern Timber Supplies Limited ('Chiltern Timber') for a total consideration of up to £1.65 million on a net cash free / debt free basis (the 'Acquisition'). The Acquisition is in line with the Group's stated IPO strategy, due to its complementary geographic position to the Group's existing Merchanting branches, offering product range extension and is expected to result in EBITDA margin expansion for Lords.
For year ended 31 December 2022, Chiltern Timber delivered £2.6 million of revenue and £0.25 million of EBITDA. The total consideration for Chiltern Timber is up to £1.65 million in cash on a net cash free / debt free basis, and is to be funded from the Group's existing facilities. The consideration payable is £1.175 million on signing and up to a further £0.475 million deferred equally over 12, 24 and 36 months on a contingent basis subject to Chiltern Timber delivering certain earnings targets.
The Group believes that there is strong growth potential and synergies achievable from Chiltern Timber operating within the Lords business, given the ability for it to cross sell into the existing Lords customer base, improving the existing traditional merchant offering as well as through the provision of overhead optimisation. The Acquisition is expected to be earning accretive from completion and achieve a strong return on capital employed.
Saietta could with doing Operational & Trading Update.As the last report was on 06/12/2022 which was the half year reportAs for this year 2023 there as no RNS apart from 21/02/2023 which was Additional Allotment and New IssueHopefully they will release a positive update to stop this downward drift in the share priceCome on Saietta.
British modular electric drive specialist Saietta Group is preparing to launch its first electric outboard motor for boats and other watercraft.
A year after spinning off the Propel marine division, it's readying the Red-Dot-winning S1 electric outboard for production.
Designed to intercept the forthcoming spike in demand for quiet, efficient electric boat drives, the compact 104-lb (47-kg) outboard uses a 10-kW pancake motor to propel the boat for up to 56 miles (90 km). Buyers can choose from a selection of modular "suitcase batteries" to fit their exact range and packaging needs.
The S1 follows the launch of Propel's electric D1 inboard motor earlier this year. Propel believes it's well-positioned to take advantage of the oncoming surge in marine e-drive demand prompted by European regulations that favor electric boats. It uses Amsterdam's push to go 100 percent electric by 2025 as an example of the factors that will push electric sales to an estimated 74 percent of the European outboard motor market by 2030.
"Leisure boat owners and operators will soon have no option but to switch to electric motors as cities implement new rules to clean up their waterways," says Sander van Dijk, Propel's managing director and CTO. "Adding the S1 outboard electric motor to our D1 inboard solution means we are in a prime position to offer customers robust and efficient zero-emissions propulsion for a broad range of leisure craft."
Propel will build the S1 outboards on a new assembly line at Saietta Group’s facility in the Dutch city of Apeldoorn. It has organized a series of 10 trained dealers in the Netherlands and is working to set up partners in other European markets. Buyers who order the S1 now can expect delivery in time for the 2023 European boating season. The S1 lists at €5,900 (US$6,090) on Propel's website, not including battery.
Propel plans to expand the S1 family over the next year, starting with 7-kW and 13-kW outboard options.
https://newatlas.com/marine/propel-s1-electric-boat-outboard/
Lawrence Edward James MARAZZI
Saietta group plc appointed Lawrence Edward James MARAZZI on 10 November 2008 as Director.
Then resigned on 20 November 2018.
SAIETTA GROUP PLC
Company status Active.
Correspondence address.
Building 210, Heyford Park, Camp Road, Upper Heyford, Oxfordshire, England, OX25 5HE.
Role Director Appointed on 10 November 2008 - Resigned on 20 November 2018.
SAIETTA LDE LIMITED
Company status Active.
Correspondence address.
210 Heyford Park, Camp Road, Upper Heyford, Bicester, Oxfordshire, England, OX25 5HE.
Role Director Appointed on 12 January 2011 - Resigned on 7 January 2019.
SAIETTA SUNDERLAND PLANT LIMITED
Company status Active.
Correspondence address.
Building 210, Heyford Park, Camp Road, Upper Heyford, Oxfordshire, England, OX25 5HE.
Role Director Appointed on 5 October 2012 - Resigned on 7 January 2019.
https://find-and-update.company-information.service.gov.uk/officers/yjTvf-DykynT0YSjwwXWpdd4_vw/appointments
Nice little top up.
Just brought a few more of Saietta and I will be buying more if there is any more down in the share price.
Happy Days.....
Padmini Vna Mechatronics Limited is an unlisted public company incorporated on 09 August, 2005. It is classified as a public limited company and is located in New Delhi, Delhi. It's authorized share capital is INR 40.00 cr and the total paid-up capital is INR 34.53 cr.
Padmini Vna Mechatronics Limited's operating revenues range is INR 100 cr - 500 cr for the financial year ending on 31 March, 2021. It's EBITDA has increased by 181.02 % over the previous year. At the same time, it's book networth has increased by 15.36 %. Other performance and liquidity ratios are available here.
Description: The company manufactures products for original equipment manufacturers. It offers throttle bodies, actuators, fuel flap openers etc.
Products & Services: EGR valves, throttle bodies, vacuum modulation valves, solenoid valves, actuators, rollover valves, fuel flap openers, trunk lid openers, and fuel water separators
Category: Manufacturer
The current status of Padmini Vna Mechatronics Limited is - Active.
The last reported AGM (Annual General Meeting) of Padmini Vna Mechatronics Limited, per our records, was held on 30 November, 2021. Also, as per our records, its last balance sheet was prepared for the period ending on 31 March, 2021.
Padmini Vna Mechatronics Limited has nine directors - Rahoul Kabir Bhandari, Sonia Bhandari, and others.
The Corporate Identification Number (CIN) of Padmini Vna Mechatronics Limited is U34300DL2005PLC139495. The registered office of Padmini Vna Mechatronics Limited is at 5 PADMINI ENCLAVEHAUZ KHAS, , NEW DELHI, Delhi.
https://www.tofler.in/padmini-vna-mechatronics-limited/company/U34300DL2005PLC139495
Our customers include almost every global and indigenous automotive giant. We partner closely with our customers to ensure rapid design to development.
https://padminivna.com/customers
Founded in 2005, Padmini VNA is one of the market leaders in the innovation and manufacturing of cutting-edge emission reduction auto-components for the automobile industry. Since its inception, Padmini VNA has made significant contributions to the auto-components sector with its innovative products that are designed and engineered for efficiency and quality with an emphasis on contributing to a greener planet.
With a wide range of product offerings across ICE, Hybrid and Battery Electric Vehicles, we address the passenger car, commercial vehicles, two-wheelers, three-wheelers, and tractor segments. Our key product offerings include EGR Modules and Valves, Solenoid Valves, Vacuum Pumps as well as applications for Hybrid and Electric Vehicles such as the FTIV, Water Solenoid Valves, Electric Water Pump, Electric Oil Pump and Electric Actuators. Through its well-diversified product offerings, Padmini VNA is a partner to leading OEMs and Tier-1 players both within India and across Europe, Japan, and the USA.
https://in.linkedin.com/company/pvnaindia
About Padmini VNA
Founded in 2005, Padmini VNA is focused on the innovation and manufacturing of cutting-edge technologies for the auto components industry.
Since its inception, Padmini VNA has made significant contributions to the auto components sector with its innovative solutions, products and technologies that are designed and engineered for fuel-efficiency and quality with an emphasis on aiding the transition to a greener planet.
With a wide range of technology offerings for ICE, Hybrid and BEV, we supply components to passenger cars, commercial vehicles, two-wheelers, three-wheelers, and tractors.
https://padminivna.com/
Established in 2005 with a strong focus on innovation and sustainability, PVNA has successfully made its mark as the go-to name for environment-friendly auto components. With state-of-the-art manufacturing and research & development facilities in India, it has placed 'Made in India' auto components on the global roadmap, becoming well-renowned for its technological capabilities and quality manufacturing around the world.
And this is just the beginning. PVNA is committed to driving sustainable business growth for its customers along with reducing carbon emissions and making automobiles more fuel-efficient. With a mission to accelerate the world’s transition to sustainable energy, PVNA has been continually innovating on and incorporating new technological developments with ecological strategies, building an entire ecosystem of reliable world-class sustainable components for a cleaner, greener future
https://padminivna.com/about-us
Saietta VNA participated as a CoPartner in Mobility Outlook Electric TwoWheeler Summit
?Saietta VNA participated as Co-Partner in Mobility Outlook, which was held virtually wherein, we showcased our Axial-Flux technology for Electric vehicles. Mr. Kabir Bhandari MD, Padmini VNA Mechatronics, and Mr. Wicher Kist CEO, Saietta Electric Drive talked about various challenges in the Indian Electric Two-wheeler market and to manufacture durable, reliable, and efficient products in India.
https://padminivna.com/news/details/saietta-vna-participated-as-a-copartner-in-mobility-outlook-electric-twowheeler-summit
A Bicester firm is aiming to crack India's £200 billion electric vehicles market.
Saietta VNA is a joint enterprise between Bicester's Saietta Group plc and India's Padmini VNA. The partnership will see eDrive vehicle production commence in a purpose built factory in India in 2023.
Saietta VNA have already completed the outer shell of their high-tech eDrive manufacturing facility in Delhi. Factory fit-out is to begin in early 2023.
The Saietta Group, specialise in Axial Flux Technology (AFT) electric motors and Padmini VNA are one of India’s major Tier-1 auto-component suppliers.
Saietta’s AFT engine is designed to deliver the power and torque required by 100cc+ two-wheelers at just 48V-120V. The liquid-cooled engine design can maintain high continuous power in the testing hot and humid Indian temperatures better than air cooled e-motors, state Saietta. Fully sealed the AFT motors are protected from the elements. This reduces maintenance and ownership costs.
Managing Director of Saietta VNA Indian operations, Prad Walimbe, said: “Our focus will be on strengthening the strategic partnership with Padmini VNA to secure market share and valuable contracts and help our customers and partners transition to electric mobility faster by enhancing access to our ground-breaking technology and engineering expertise.”
“We are very excited to bring our engineering and manufacturing capabilities to the Indian market. With the Saietta AFT and RFT eDrives, we intend to develop an affordable and scalable eco system that will accelerate the adoption of electric mobility.”
Wicher (Vic) Kist, CEO of Saietta Group, said: “In appointing Prad to managing director of Saietta VNA, we now also have a hugely experienced automotive leader with extensive commercial and technical expertise spearheading our activities in India.”
Kabir Bhandari, managing director of Padmini VNA, said: “We are excited to be at the vanguard of clean eMobility technology with Saietta. Through Saietta VNA, we are giving Indian vehicle producers access to industry-leading eDrives, and are investing in high-quality manufacturing capability and processes in India.”
Bhandari continues: “Should India achieve its EV ambitions and targets, the market opportunity for the decade to 2030 is estimated to be worth around $206 billion by 2030, and the Government has a clear commitment to electrify the auto sector.
"Saietta VNA believes that the time has come to democratise zero-emission mobility in India, beginning with the most popular forms of mobility, such as motorcycles, scooters and lightweight commercial vehicles."
https://businessmag.co.uk/technology-innovation/bicester-based-saietta-vna-ramps-up-its-edrive-make-in-india-strategy/
Saietta VNA’s new plant to come up in Delhi appoints senior leadership team.
Saietta VNA, the joint venture between Saietta Group (Saietta) and Padmini VNA will begin eDrive (electric drive) volume production in India in 2023.
The JV has developed a new eMotor targeted specifically at the Indian market and is on plan with the construction of its eDrive manufacturing facility in Delhi. The company has announced the strengthening of its leadership team by appointing Prad (Pradumna) Walimbe as its MD, who will be responsible for India operations.
Saietta Group is a specialist in providing flexible eDrive solutions for electric vehicles with a portfolio of technologies designed for rapid integration into a wide range of vehicles and marine craft.
The JV is said to be uniquely positioned to offer vehicle manufacturers in India a range of turnkey light duty eDrive solutions to help them meet rapidly growing demand for clean and sustainable mobility in large cities.
A new Radial Flux Technology (RFT) eMotor has been developed for lightweight two- and three-wheel applications. Specifically with Indian market applications in mind, the RFT85-65 was designed by Saietta’s Light Duty eDrive (LDE) team in conjunction with Saietta VNA. The compact air-cooled unit produces 4 kW of continuous power at 48V, is lightweight and efficient, and can be fully integrated with Saietta’s power electronics and transmission.
Wicher (Vic) Kist, CEO, Saietta Group said: “We were among the first e-mobility technology developers to recognise the importance and potential of the rapidly evolving Indian transport landscape. Through our joint venture with Padmini VNA, we are delivering a portfolio of turnkey eDrive solutions that are ideally suited to the market, and – crucially – they will be produced in India, for India. We are currently working with a number of OEMs and Tier 1 partners in the L-Category segment and will release more information on this over the coming months.”
https://www.financialexpress.com/express-mobility/saietta-vnas-new-plant-to-come-up-in-delhi-appoints-senior-leadership-team/2762581/
We could with a Trading Update or Operational Update from Saietta.
Come on Saietta.........
Lords Group Trading plc.
A leading distributor of building materials in the UK, announces that it has today been notified by Shanker Patel, the Company's Chief Executive Officer, that on 7 September 2022 children of and therefore two persons closely associated ("PCA") with Shanker Patel, purchased an aggregate of 17,791 ordinary shares in the Company.
At a price of 73 pence per ordinary share.
As a result, Shanker Patel is now interested, together with his children and related entities and trusts, in a maximum of an aggregate of 53,282,925* ordinary shares in the Company, representing 32.8 per cent. of the Company's issued ordinary share capital. The members of the Lords concert party collectively hold 83,997,266 ordinary shares, representing 51.7 per cent. of the Company's issued share capital.
https://www.lse.co.uk/rns/LORD/directorpdmr-transaction-h4xdl314t8pvo9d.html
Lords shares rise as interim profit and revenue jump - lifts dividend
Lords Group Trading PLC
Reported double-digit rises in both interim profit and revenue in line with expectations, as it lifted its dividend by 6.3%.
For the six months that ended on June 30.
The London-based distributor of building, plumbing, heating and DIY goods said pre-tax profit rose by 52% to GBP6.4 million from GBP4.2 million a year earlier, as revenue jumped 20% to GBP214.2 million from GBP179.0 million.
Lords noted that its Merchanting division saw a record revenue of GBP105.9 million during the period, up 73% from GBP61.1 million a year ago.
Adjusted earnings before interest, tax, depreciation and amortisation rose by 27% to GBP14.2 million from GBP11.2 million a year earlier, as adjusted Ebitda margin increased to 6.6% compared to 6.2%.
"During the period, the Plumbing & Heating division faced the challenge of an industry wide boiler supply shortage, however, through management-initiated controls, the sales volume impact was mitigated," Lords added.
Chief Executive Officer Shanker Patel said: "The group has continued to accelerate the delivery of its strategic plan, reflected in our financial performance in the half year which reaffirm delivery of our strategic targets of GBP500 million revenue by 2024 and 7.5% Ebitda margin in the medium term."
Lords proposed an interim dividend of 0.67 pence per share, up 6.3% from 0.63p the year prior.
Looking ahead, Lords said it continues to see positive customer demand across its product offering and is confident of its business plan. It said trading continues to be in line with forecasts for 2022.
It said it is on track to deliver initial public offering target of GBP500 million revenue in 2024.
https://www.morningstar.co.uk/uk/news/AN_1662456527545515000/lords-shares-rise-as-interim-profit-and-revenue-jump%3B-lifts-dividend.aspx
Saietta Group showcased heavy-duty eDrive innovations at IAA Transportation 2022 in Hannover.
Each demonstrating the fast-track delivery of turnkey solutions for truck and bus OEMs.
Saietta Group showcased heavy-duty eDrive innovations at IAA Transportation 2022 in Hannover, each demonstrating the fast-track delivery of turnkey solutions for truck and bus OEMs.
An all-new Central Motor Concept makes its global debut. The package – integrating the motor, power electronics and gearbox, solution for global truck manufacturers transitioning to zero emissions.
Also presented for the first time at IAA Transportation is a fully-integrated eDrive solution for lightweight commercial vehicles up to two tonnes. It integrates into a single compact unit Saietta’s acclaimed Axial Flux Technology (AFT) motor, in-house developed power electronics unit, a modular gearbox, and bespoke axle architecture.
A new high-tech AFT in-wheel motor concept and a new eAxle Concept for heavy-duty vehicle manufacturers has also been unveiled for the first time.
https://www.financialexpress.com/express-mobility/saietta-showcases-fully-integrated-edrive-technologies-at-iaa-transportation-2022/2681687/
· Growth in revenue of 31% to £5.9 million (H1 2021: £4.5 million)
· Profit after tax in line with expectations at £0.02 million (H1 2021: £0.1 million)
· Continued growth in cash balances to £8.6 million at 30 June 2022 (31 December 2021: £6.8 million)
· Increase in like-for-like sales orders of 44% to £7.2 million (H1 2021: £8.6 million including £3.6 million of one-off orders)
· Increase in contracted order book of £1.5 million to £18.6 million (31 December 2021: £17.1 million)
Operational highlights
· Strengthened senior leadership team with the appointment of a Chief Financial Officer and a Chief Scientist
· Entered a new therapeutic area for the Company, PTSD
· Launched an Alzheimer’s validation study for the Company’s voice-based cognitive assessment solution
Commenting on the results Matthew Stork, Chief Executive Officer of Cambridge Cognition, said: “I am delighted with our continued progress over the last six months. Our contracted order book is at its highest level and, along with a healthy sales order pipeline and strong cash generation, puts us in a great position to continue to invest in strategies to grow the business further.”
Cambridge Cognition Holdings plc (LON:COG), which develops and markets digital solutions to assess brain health, has announced its unaudited interim results for the six months ended 30 June 2022.
The Company followed its strong performance in 2021 with a 31% growth in revenues to £5.9million in the first half of 2022 (H1 2021: £4.5 million). Order intake was in line with the Board’s expectations at £7.2 million, up 44% on a like-for-like basis on H1 2021 (H1 2021:£8.6 million, including £3.6 million of one-off orders) and the Company has a growing, qualified pipeline of opportunities for the second half of 2022.
The contracted order book was £18.6 million at 30 June 2022 increasing from £17.1m at 31 December 2021. The order book provides the Company with visibility over future revenues and provides a solid foundation from which the Company can continue to invest in product and commercial development to further expand the business.
Trading conditions continue to be positive, and the Company has high levels of engagement with existing and potential new clients. With continued investment in commercial activities and product development, the Company expects to achieve further year-on-year revenue growth. The cash position continued to grow to £8.6 million at 30 June 2022 and provides the business with the platform to make considered investments as opportunities arise.
XP Factory attractive operating metrics and consistently high margins.
https://vimeo.com/749057352?embedded=true&source=vimeo_logo&owner=34865145