SpaceX IPO is the biggest IPO in stock market history. Join the conversation.Click here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSabien Tech. Regulatory News (SNT)

Share Price Information for Sabien Tech. (SNT)

Share Price is delayed by 15 minutes
Get Live Data
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

Intraday Sabien Tech. Share Chart

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
15th Mar 20182:42 pmRNSDirector/PDMR Shareholding
28th Feb 20185:34 pmRNSDirector/PDMR Shareholding
28th Feb 20185:32 pmRNSDirector Loan
14th Feb 20182:59 pmRNSResult of General Meeting
5th Feb 20184:22 pmRNSDirector/PDMR Shareholding
31st Jan 201812:33 pmRNSUnaudited Interim Results to 31 December 2017
19th Jan 20185:10 pmRNSNotice of General Meeting
29th Dec 201711:21 amRNSResult of AGM
7th Dec 20173:10 pmRNSNotice of AGM
7th Dec 20177:00 amRNSAudited Annual Report
1st Aug 20177:00 amRNSChange of Adviser
30th Jun 20177:01 amRNSFinance Director Retirement
30th Jun 20177:00 amRNSOrder Received
20th Apr 20174:45 pmRNSHolding(s) in Company
20th Apr 20174:03 pmRNSHolding(s) in Company
20th Apr 201711:15 amRNSHolding(s) in Company
20th Apr 201711:13 amRNSHolding(s) in Company
20th Apr 201711:11 amRNSHolding(s) in Company
18th Apr 20174:56 pmRNSTotal Voting Rights
18th Apr 201711:51 amRNSResult of GM
29th Mar 201710:00 amRNSNotice of GM
29th Mar 20177:30 amRNSResults of Placing
29th Mar 20177:00 amRNSHalf-year Report
30th Dec 201610:05 amRNSHolding(s) in Company
29th Nov 201612:19 pmRNSResult of AGM
29th Nov 201610:41 amRNSAGM Statement
7th Nov 20165:28 pmRNSNotice of AGM
25th Oct 20167:00 amRNSFinal Results
29th Sep 20163:25 pmRNSHolding(s) in Company
22nd Sep 20164:56 pmRNSHolding(s) in Company
22nd Sep 20164:54 pmRNSHolding(s) in Company
22nd Sep 20164:48 pmRNSHolding(s) in Company
16th Sep 20167:00 amRNS£750,000 Placing To Continue Growth Strategy
13th Jul 201610:47 amRNSResult of Meeting
13th Jul 20169:08 amRNSGM Statement
27th Jun 20169:42 amRNSNotice of GM
2nd Jun 20167:00 amRNSTrading Statement
3rd May 20167:00 amRNSUpdate on pilot programme
9th Feb 20167:00 amRNSHalf Yearly Report
6th Jan 20169:44 amRNSChange of name of Nominated Adviser and Broker
18th Nov 20153:33 pmRNSResult of AGM
18th Nov 201511:08 amRNSAGM Statement
26th Oct 201512:39 pmRNSDespatch of Annual Report and Notice of AGM
23rd Oct 20158:36 amRNSDirectorate Change
8th Oct 20159:39 amRNSDirector/PDMR Shareholding
7th Oct 20157:00 amRNSFinal Results
30th Sep 20156:16 pmRNSAppointment of Director
4th Aug 20155:05 pmRNSHolding(s) in Company
4th Aug 20153:03 pmRNSHolding(s) in Company
3rd Aug 20152:33 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.