Kendrick Resources Share Discussion Threads

[regandjess] 17/3/2009 07:54

WOW First post since Sept 07, This has'nt been a busy BB has it. Perhaps we'll get some more posts today.

[currypasty] 11/9/2007 07:38

RNS Number:6040D
Kenetics Group Limited
11 September 2007




Kenetics Group Limited



Interim Results



Kenetics Group Limited ("Kenetics" or "the Company" or "the Group"), the Radio
Frequency Identification (RFID) company focused on security and RFID systems and
products, announces its interim report for the 6 months ended 30 June 2007.



Key Points



* Consolidated turnover versus the comparable period increased by 36.7%
to #283,000 (H1 2006: #207,000).



* Consolidated loss on ordinary activities after tax and expenses was
#177,000 (H1 2006: #103,000)



* A range of newer generation products has been developed and is expected
to be launched in the third quarter of the current year.



* The Company is expanding its sales and distribution network in Europe
to meet expected demand for its new generation products as well as to service
the anticipated growing number of European customers.



* As reported, the Company has secured the ODM project that had been
delayed to the early part of 2007. This project is expected to complete by
January 2008.



Commenting on the results Ken Wong, President and CEO said:



"We continue to remain optimistic about the outlook for the Group as we have
developed a range of new generation products that is expected to bring in a
source of revenue in addition to the revenue generated from the ODM projects.
With our expected expansion in the European market, we look forward to a
progressive improvement in our business in the second half of the year."

[currypasty] 16/8/2007 12:49

Trading Update





Kenetics Group Limited, the Radio Frequency Identification (RFID) company
focused on security and RFID systems and products, announces the following
trading update for the six months ended 30 June 2007.



Group revenue for the six months has improved as a result of the steps taken by
the Company to get some of the delayed projects in 2006 back on track. A range
of new generation of products has been developed and is expected to bring in a
source of revenue in addition to the revenue generated from the ODM projects.



The Company expects to issue its Interim Results to 30 June 2007 before 18
September 2007.

[currypasty] 10/4/2007 09:24

RNS Number:5557U
Kenetics Group Limited
10 April 2007




Kenetics Group Limited ("Kenetics" or the "Group" or the "Company")



Preliminary Results for the Year Ended 31 December 2006


Kenetics Group Limited (Kenetics or the Company), the Radio Frequency
Identification (RFID) company focused on Security and RFID systems and products,
announces the Preliminary Results for the year ended 31 December 2006.


Financial Highlights


* Revenue of # 316,176 (2005: # 916, 942)

* Pre-tax losses of # 449,034 (2005: Pre-tax profit of #303,122)

* Free Cash position as at end of the year of # 290,417 (2005: # 167,372)



Operational Highlights


* Listed on AIM in August 2006

* Established a subsidiary in Beijing to tap business opportunities in China

* Embarked on the development of new GEN 2 product lines

* Implemented structural changes to improve operational efficiencies

* Entered into technical collaborations with two major chip manufacturers to
develop RFID products


Commenting on the Preliminary Results, Ken Wong, Chairman of Kenetics said:



"The Group had a challenging 2006 which resulted in the company falling into the
red after three years of profitability. Nonetheless, the listing has improved
the international profile of the company and has provided us a platform to grow
the business. With the implementation of structural changes almost completed and
the launch of the new range of GEN 2 product lines, we are confident that the
Group is in a strong position to recover from its temporary setback and to grow
the business. 2007 is expected to show a marked improvement. "

[comm0dity] 20/2/2007 14:47

www.domaindisciple.com


because there's more than one to profit from the ongoing commodities bull


www.domaindisciple.com

[pugugly] 20/2/2007 08:11

2nd warning today - When is the next?

[currypasty] 20/2/2007 08:10

RNS Number:5006R
Kenetics Group Limited
20 February 2007

Regulatory Announcement



Company Kenetics Group Limited

TIDM KEN

Headline Trading Update


On 26 September 2006, the Company announced its unaudited results for the six
months ended 30 June 2006. Since the announcement of the interim results,
trading had continued to be difficult and the Board anticipates that the overall
outcome for the year ended 31 December 2006 will be a loss before tax in the
region of GPB 350,000.


The Company expects to announce the final results for the year ended 31 December
2006 before the end of April.


The Company also announces that it was recently awarded a tender contract by
the Singapore Housing Development Board for the Provision of Radio Frequency
Identification Equipment. The contract, which amounts to S$745,456
(approximately GPB 250,000), commences 1 March 2007 and is expected to complete
in 12 months.

[currypasty] 15/12/2006 12:14

RNS Number:9859N
Kenetics Group Limited
15 December 2006


Kenetics Group Limited (the "Company")
15 December 2006


Total Voting Rights

In conformity with the Transparency Directive's transitional provision 6, the
Company notifies the market of the following:

As at the date of this announcement, the Company's issued share capital consists
of 26,349,466 ordinary shares with a nominal value of 1 pence each ("Ordinary
Shares"), with voting rights. The Company does not hold any Ordinary Shares in
Treasury.

Therefore, the total number of Ordinary Shares with voting rights is 26,349,466.

The above figure of 26,349,466 Ordinary Shares may be used by shareholders in
the Company as the denominator for the calculations by which they will determine
if they are required to notify their interest in, or a change in their interest
in, the share capital of the Company under the FSA's Disclosure and Transparency
Rules.

[currypasty] 05/10/2006 08:06

start of the recovery ?

[don muang] 26/9/2006 08:52

And just a ps as I'm highly peeved with this company.
If, as todays announcement makes out, the AIM listing is important to them, then why doesn't their company website make any reference to it ?

[don muang] 26/9/2006 08:09

well .... actually in loss for H1 ..... seems that there was some 'spin' pre-IPO which hasn't materialized in time for first interims.
these interims look like they're trying to put positive spin on a negative situation ....
if they announce a change in company direction so soon after floating (with no hint of it at time of float) then I'll refrain from giving my opinion on the 'management' as it'll contain quite a few expetive deletives !!

[currypasty] 26/9/2006 07:42

RNS Number:4568J
Kenetics Group Limited
26 September 2006


For Immediate Release 26 September 2006


Kenetics Group Limited

Interim Results


Kenetics Group Limited (Kenetics or the Company), the Radio Frequency
Identification (RFID) company focused on Security and RFID systems and products,
released its interim report for the 6 months ended June 2006.


Key Points

*Total turnover versus the comparable period reduced by 52.5% to #207,000
(2005: #436,000) due to delay in key projects.

*Loss on ordinary activities after tax and expenses was #103,000 (2005:
#158,000 profit)

*Kenetics was admitted to AIM on 18 August 2006 and pre-IPO financing of
#827,000 was successfully raised.

*The Company will continue to enlarge its sales and distribution network
in Europe to explore new avenues.

*The Company is developing a newer generation of products to be offered
early next year. This is expected to provide a more stable and regular
source of income.


Commenting on the results Ken Wong, President and CEO said:

"We continue to remain confident about the outlook for the Company as we have
numerous projects being developed and outstanding revenue expected for early
next year.

We are excited about the expansion into Europe and in particular the progression
into the UK market, especially now we have been admitted to AIM."

[stegrego] 19/9/2006 13:08

Why what else were they involved in?

[borisbarna] 19/9/2006 13:05

"Insinger de Beaufort act as Nominated Advisor and Broker to the
Company"


Now that should have been your warning sign!

[don muang] 19/9/2006 13:03

yes .... let's hope when there are 2 buys (totalling 15,803 shares) then it'll move the price up in the proportionate way !!! lol

[currypasty] 19/9/2006 09:13

LONDON (AFX) - Kenetics, which specialises in RFID and wireless mobile
communications, ran back 8 pence to 25-1/2 as traders reacted to yesterday's
late warning that, following unexpected recent delays in progressing a number of contracts, the turnover and profits of the company for the current year will be well below expectations.
The majority of these contracts are ongoing and are now expected to be
completed during 2007 rather than in 2006, the group said.



'traders'...lol there has only been 2 sells

[don muang] 19/9/2006 07:48

and 'surprise,surprise' it's #6 on advfn losers board (down 21%) - so good luck for anyone that shortsit this morning !!!

[don muang] 18/9/2006 19:01

as a guestimate by looking at figures from various sources then looks like the KEN 'gang of four' have about 73% of company.....
so that leaves 27% of shareholders that might be a bit peeved about today announcement.

[currypasty] 18/9/2006 18:44

listed on 18/8... warning on 18/9


as for directors etc offloading.... there was a placing of shares on listing..was that part of a directors/founders holding ?

[handycam] 18/9/2006 18:36

A warning within fifty days of a lloat must be some kind of record.

[don muang] 18/9/2006 18:15

CP .... do you know what the profits of the Company for the current year
were expected to be? (looking on the optimistic side then they could still come in ahead of 2005's if the estimates were fairly high for 2006)

[don muang] 18/9/2006 18:10

agreed.... not v.clever
would have been v.suspicious if the directors / major shareholders had offloaded chunks of shares between IPO'ing and now..... but they don't appear to have done so.

[currypasty] 18/9/2006 18:01

It sounds like the orders/turnover is not lost, but delayed...

Not very clever so soon after listing...

[don muang] 18/9/2006 17:54

well at least it's a warning of reduced profits - and not a possible loss.
would presume the latest announcement will be factored in to the price by 08.00 tomorrow morning....