Déjà vu Belgravium must seem like a fairy godmother for a dying company. AFS claims 'Cutting Edge Technology', yet has a rudimentary website that looks as if it nothing has been going on since 2008 - last one out, please turn off the lights... Oh dear, oh dear - not surprised at the negative market reaction.
Acquisition and trading update Trading update and a "strongly earnings-enhancing" acquisition from cash...a real mixed bag.Even with a large contract deferred until the next H1, BVM still expect to make £0.5m PBT, around 50% up on last year, i.e 0.5p EPS with no/minimal tax charge. So an almost historic P/E of 10.There must be some "private company" costs to be striped out of the acquisition, so this could perhaps add £100k-£150k+ to PBT at a stroke.No doubt there will be an initial markdown on the trading update, but this just means the upcoming H1 will be much stronger than usual. Happy to hold through this given BVM's transformation and wait for bigger gains due to the acquisition.
Ticking up...and contract news Nice tick up on Friday night.And more contract news on the web site:[link] "TouchStar Supply Truck Mount Devices for Great Bear Super Shed Facility TouchStars Vienna 7500 Series Truck Mount devices roll out in Great Bears New Nottingham based high specification facility. The facility, developed as a robust single site solution, coincides with the 20th Anniversary of Great Bear, a leading logistics company in the provision of Storage and Distribution Solutions. The Super Shed, and its infrastructure have been developed to support the future growth of their operation and the strengthening of a longstanding customer relationship.Great Bear fully appreciate the effectiveness of Radio Frequency technology and like to source the most up to date systems and infrastructure to enable them to run an optimised and efficient warehouse. Already in use across a number of locations nationwide, the Vienna 7500 truck mount device is Great Bears terminal of choice, providing fast, high end and accurate warehouse data capture whilst meeting their requirements for a rugged and reliable device. The latest generation Vienna was most recently rolled out within the new Super Shed facility and is set to play an integral role in streamlining a number of existing warehouse processes. Further supporting Great Bears growth objectives, the devices are also backed by an all-inclusive TouchStar support contract, guaranteeing operational efficiency, decreased downtime and reduced cost of ownership."
The value of IPR Good rise today (7.5%, 30% in the last 3 months) for a smart new AIM outfit just down the road from Belgravium: Xeros Technology (XSG). The market likes to see a company building IPR - not something that Belgravium could expect to achieve...
Re: 'Cheep' at the price mmm i think your maths is in error.. £0.05
'Cheep' at the price Wow, the dizzy heights of 0.05p again after another small trade - still short of the low when the price crashed around 25 years ago! A good one to line the bottom drawer; maybe the antique value of the share certificates will exceed the market value at some point...