The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksPebble Beach Regulatory News (PEB)

Share Price Information for Pebble Beach (PEB)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 13.00
Bid: 12.50
Ask: 13.50
Change: -0.75 (-5.45%)
Spread: 1.00 (8.00%)
Open: 13.75
High: 13.75
Low: 13.00
Prev. Close: 13.75
PEB Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Interim Management Statement & Capital Markets Day

25 Apr 2012 07:00

RNS Number : 9785B
Vislink PLC
25 April 2012
 



Vislink plc

Interim Management Statement

25 April 2012

 

Vislink plc ("The Group"), the global technology business specialising in solutions for the collection and delivery of high quality video and associated data for the broadcast and surveillance markets, today publishes a trading update and Interim Management Statement in respect of the financial period from 1 January to 25 April 2012, being the date of this announcement.

 

Trading

The Group traded profitably and in line with management expectations for the quarter ended 31 March 2012.

 

Group revenue for the quarter was £13.7 million (2011: £8.5 million). Underlying revenue, being revenue excluding revenue from Gigawave, was up 37 per cent at £11.7 million. Orders received in the period were £13.4 million (2011: £9.4 million). Underlying orders received were 16 per cent up on 2011 at £10.9 million. We have seen growth in underlying orders in both our broadcast and surveillance markets.

 

The Group held net cash of £8.7 million at 31 March 2012 (31 December 2011: net cash of £10.1 million). Since 31 December 2011 the Group has paid deferred consideration that accounted for £0.5 million of cash outflow and has completed the integration of Gigawave into its UK business.

 

Financial position

There have been no significant changes in the financial position of the Group since the announcement of the full year results for the year ended 31 December 2011 save for the information contained within this Interim Management Statement.

 

Capital Markets Event.

Vislink is today hosting a Capital Markets Event in London. Presentations and demonstrations will be given by Vislink's senior management team led by Executive Chairman John Hawkins. The event will set out how the Group aims to achieve its financial goal of profitable growth to £80 million of annualised revenues within 3 years (2011: £50.3 million) with a 10% operating profit through:

 

·; Its strategy of exploiting the growth of video content distribution in both broadcast and surveillance markets; and

 

·; Its strategy to build recurring revenues through the creation of software and services offerings.

 

John Varney, a non-executive director of Vislink and former BBC Global Chief Technology Officer and Director of Technology and Chief Technology Officer for Granada, will also be in attendance and will present an overview of the broadcast market and his views on the future growth opportunities for Vislink.

 

John Hawkins

Executive Chairman

- ends -

 

For further information on 25 April 2012, please contact:

 

John Hawkins, Executive Chairman

+44 (0) 14 88 68 55 00

James Trumper, Group Finance Director

+44 (0) 14 88 68 55 00

Andrew Hayes / Charlie Jack

Hudson Sandler

+44 (0) 20 77 96 41 33

Shaun Dobson

Singer Capital Markets

+44 (0) 20 32 05 75 00

About Vislink plc

The Vislink Group is a global technology business specialising in the collection and delivery of high quality video and associated data from the field to the point of usage. Vislink provides solutions to the broadcast market for the collection of live news, sport and entertainment events and to the surveillance market including law enforcement and public safety customers. With offices in the UK, USA, Australia, China, UAE and Singapore we employ over 250 people worldwide and have revenues in excess of £50 million. Our solutions include the design and manufacture of microwave radio, satellite transmission and wireless camera systems; our manufacturing operations are in the UK and the USA.

 

The Company is fully listed on the London Stock Exchange (LSE:VLK). For further information, visit www.vislink.com.

 

Forward looking statements

Certain statements in this announcement are forward-looking. Although the Group believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. Because these statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by these forward-looking statements. The Group undertakes no obligation to update any forward-looking statements whether as a result of new information, future events or otherwise. Nothing in this announcement should be construed as a profit forecast.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
IMSUSRVRUUASUAR
Date   Source Headline
27th Feb 20173:50 pmRNSForm 8.3 - Pebble Beach Systems Group plc
27th Feb 20173:41 pmRNSForm 8 (OPD) (Pebble Beach Systems Group Plc)
27th Feb 20172:39 pmRNSForm 8.3 - Pebble Beach Systems Group Plc
27th Feb 20179:55 amRNSForm 8.5 (EPT/RI) Pebble Beach Systems
24th Feb 201712:02 pmRNSRule 2.9 Announcement
24th Feb 201711:15 amRNSForm 8.5 (EPT/RI) Pebble Beach Systems
23rd Feb 20179:23 amRNSStatement re Strategic Review
14th Feb 20177:00 amRNSGroup Restructuring
7th Feb 20173:59 pmRNSHolding(s) in Company
6th Feb 20177:00 amRNSTrading update
3rd Feb 201710:05 amRNSChange of Name
3rd Feb 20177:00 amRNSCompletion of Disposal
2nd Feb 201710:57 amRNSPassing of Resolutions
20th Jan 20173:44 pmRNSHolding(s) in Company
17th Jan 20171:33 pmRNSPosting of Circular and Notice of General Meeting
16th Jan 20171:13 pmRNSFurther Update on Proposed Disposal
16th Jan 20177:00 amRNSUpdate on Proposed Disposal
9th Jan 20172:37 pmRNSResults of General Meeting
23rd Dec 201610:09 amRNSPosting of Circular and Notice of General Meeting
21st Dec 20163:49 pmRNSHolding in Company
20th Dec 20167:00 amRNSTrading Update
16th Dec 20164:39 pmRNSSale of Vislink Communication Systems
5th Dec 201610:31 amRNSBlock listing Interim Review
16th Nov 20167:00 amRNSHolding(s) in Company
2nd Nov 20167:00 amRNSHolding(s) in Company
20th Oct 20164:40 pmRNSSecond Price Monitoring Extn
20th Oct 20164:35 pmRNSSecond Price Monitoring Extn
20th Oct 20162:05 pmRNSSecond Price Monitoring Extn
20th Oct 20162:00 pmRNSPrice Monitoring Extension
20th Oct 201612:42 pmRNSConditional Asset Sale of VCS
13th Oct 20167:00 amRNSResignation of Group Finance Director
12th Oct 20167:00 amRNSPebble Beach Systems Announces Strong Growth
30th Sep 20167:00 amRNSHalf year results
14th Sep 20167:00 amRNSHolding(s) in Company
20th Jul 20162:21 pmRNSDirector/PDMR Shareholding
12th Jul 20165:09 pmRNSHolding(s) in Company
11th Jul 201610:53 amRNSHolding(s) in Company
7th Jul 20162:05 pmRNSSecond Price Monitoring Extn
7th Jul 20162:00 pmRNSPrice Monitoring Extension
6th Jul 20162:06 pmRNSSecond Price Monitoring Extn
6th Jul 20162:00 pmRNSPrice Monitoring Extension
6th Jul 20168:01 amRNSTrading Update
17th Jun 20162:28 pmRNSPosting of Annual Report
8th Jun 201611:46 amRNSHolding(s) in Company
20th May 201612:18 pmRNSResult of AGM
23rd Mar 20169:17 amRNSDirector/PDMR Shareholding
23rd Mar 20168:38 amRNSHolding(s) in Company
22nd Mar 20167:00 amRNSFinal Results
22nd Mar 20167:00 amRNSFinal Results
16th Feb 20165:27 pmRNSHolding(s) in Company

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.