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Pin to quick picksSabien Tech. Regulatory News (SNT)

Share Price Information for Sabien Tech. (SNT)

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3.75    0.00 (0.00%)
Bid:
3.50
Ask:
4.00
Spread: 0.50 (14.286%)
Market Cap: £1.04m
SNT Live PriceLast checked at - London Stock Exchange

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Trading Statement

1 Jun 2010 07:00

RNS Number : 8161M
Sabien Technology Group PLC
01 June 2010
 



 

 

1st June 2010

 

Sabien Technology Group plc

("Sabien" or "the Company")

 

Trading Update

 

In February 2010, Sabien Technology Group plc (AIM: SNT), the manufacturer and supplier of M2G, an energy efficiency technology, announced that it had seen a significant year on year increase in sales quotations and a steadily increasing order book. At that time it was stated that the key priority for the forthcoming period was the conversion of this pipeline into orders and sales.

 

The nature of Sabien's activities involves targeting large multi-site customers, resulting in an order book that in value terms is highly concentrated at this stage of the Company's development. Contracts from these customers generally encompass a large number of individual sites and are mostly delivered via rolling framework contacts.

 

To date, Sabien's pipeline of inquiries, quotations and expected orders has continued to grow. Sales quotations made to date currently stand at £3.8 million. However, due to a number of reasons outside the Company's control, such as recent local elections and delays in private sector companies placing orders, a small number of large contracts with commercial terms agreed, which the Company had previously expected to receive and be recognised as revenue during the current financial period will now be delayed into the financial period ending 30 June 2011. This will result in a delay to the Company's move to profitability. No orders have been cancelled over this period and the Company has not received notification from any potential client that they do not still propose to place their expected orders.

 

An example of one such delay is a major contract with a Local Authority to deploy M2G across a large number of civic buildings and its commercial estate which is expected to be announced shortly but which will no longer contribute to sales recognised in 2010.

 

The Board remains confident in the progress made to date and the ability of Sabien to deliver on the commercial opportunity which presents itself in the Company's markets. We expect to provide a further update regarding new contract wins and new alliance partners shortly.

 

 

For further information:

 

Sabien Technology Group plc

Alan O'Brien, CEO Tel: +44 (0) 207 993 3700

Gus Orchard, CFO www.sabien-tech.co.uk

 

Altium

Adrian Reed Tel: +44 (0) 845 505 4343

Phil Frame www.altiumcapital.com

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTLIFSERVILIII
Date   Source Headline
11th Jun 20267:00 amRNSIssue of shares to directors & broker
2nd Jun 20267:00 amRNSProposed balance sheet strengthening & M2G update
29th May 20265:00 pmRNSTotal Voting Rights
21st May 20267:00 amRNSProposed Commercial Partnership & Investment
20th May 20266:22 pmRNSSettlement of Historical Contract
31st Mar 20267:00 amRNSHalf-year Report for the 6 months to 31 Dec 2025
10th Feb 20267:00 amRNSDirector/PDMR Shareholding
16th Jan 20265:30 pmRNSHolding(s) in Company
22nd Dec 202512:02 pmRNSUpdate on Funding and Strategic Arrangements
22nd Dec 202512:02 pmRNSUpdate on Funding and Strategic Arrangements
9th Dec 20251:20 pmRNSResult of Annual General Meeting
9th Dec 20257:00 amRNSAGM Statement & Trading Update
19th Nov 20257:00 amRNSProposed Strategic Agreement with COF
13th Nov 20257:00 amRNSFinal Results for the Year Ended 30 June 2025
10th Nov 20257:00 amRNSNew Factoring Facility
5th Nov 202512:01 pmRNSAppointment of Corporate Broker
2nd Oct 202512:06 pmRNSFurther update on Sabien, b.grn & related matters
19th Sep 20257:00 amRNSTrading Update
31st Jul 20254:59 pmRNSTotal Voting Rights
8th Jul 20257:00 amRNSYear End Trading Update
30th Jun 20252:53 pmRNSIssue of shares to directors
23rd Jun 20254:28 pmRNSHolding(s) in Company
17th Mar 20257:00 amRNSHalf-year Report for the 6 months to 31 Dec 2024
6th Feb 202511:43 amRNSUpdate in relation to Aeristech Limited
27th Jan 20257:00 amRNSTrading update - acceleration of new M2G orders
31st Dec 202412:30 pmRNSTotal Voting Rights
19th Dec 202410:51 amRNSResult of Annual General Meeting
19th Dec 20247:00 amRNSUpdate on US Waste Plastics to Oil Project
28th Nov 20247:00 amRNSDirector/PDMR Shareholding
19th Nov 20247:00 amRNSIssue of shares to non-executive directors
18th Nov 20247:00 amRNSFinal Results & Annual Report & Accounts for 2024
11th Nov 20247:00 amRNSNew M2G Cloud Connection System Order
17th Oct 20247:00 amRNSUpdate on US Waste Plastics to Oil Project
30th Sep 20245:00 pmRNSTotal Voting Rights
26th Sep 20244:21 pmRNSDirector/PDMR Shareholding
19th Sep 20241:00 pmRNSHolding(s) in Company
4th Sep 20245:30 pmRNSAdmission of New Shares & Total Voting Rights
29th Aug 20244:00 pmRNSUpdate on Admission of New Ordinary Shares
20th Aug 20247:00 amRNSRelated Party Funding
8th Jul 20248:15 amRNSTrading Statement
28th Mar 20242:30 pmRNSDirector/PDMR Shareholding
8th Mar 20247:00 amRNSHolding(s) in Company
6th Mar 20247:00 amRNSHolding(s) in Company
5th Mar 202411:52 amRNSHolding(s) in Company
29th Feb 20245:00 pmRNSTotal Voting Rights
21st Feb 202411:27 amRNSResult of Broker Option, Issue of Equity and TVR
20th Feb 20243:45 pmRNSDirector/PDMR Shareholding
19th Feb 20247:45 amRNSPlacement and Broker Option
19th Feb 20247:30 amRNSHalf-year Report for the 6 months to 31 Dec 2023
7th Feb 20247:00 amRNSNew system installed at Hampton Court Palace

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