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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Romag | LSE:ROM | London | Ordinary Share | GB0033665729 | ORD 25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 35.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMROM RNS Number : 3014R Romag Holdings PLC 19 August 2010 Romag Holdings plc ("Romag" or the "Company") Trading Update Since the announcement of our interim results at the end of May, some disruption caused by the death in June of the Company's chief executive, Lyn Miles, has been exacerbated by delays in the supply to the Company of certain key materials resulting in a disappointing trading performance. Also, the lack of credit insurance and funding available to certain customers has delayed sales to those customers until they have had sufficient funds on hand to pay Romag for goods they have ordered. In addition, it has become evident that erosion in pricing in the photovoltaic ("pv") market, particularly in standard pv modules, will result in Romag having to write down certain inventories to current net realisable value in the current financial year (ending 30 September 2010). The potential extent of this write-down is currently under review. The directors expect the impact of these factors to lead Romag to report a loss for the current financial year. A further update on trading will be provided around the year end. The directors remain very positive about the outlook for the Company. The order book currently stands at cGBP16 million, including the contract with Community Energy Solutions announced in June, and enquiries are at a high level, driven by the recent introduction of the feed-in-tariff scheme for renewable energy projects in the UK. Enquiries: +----------------------+-------------------------+--------------+ | Romag Holdings plc | John Kennair MBE, | T: 01207 500 | | | Chairman | 000 | | | David Banks, Finance | | | | Director | | | | | | +----------------------+-------------------------+--------------+ | Arbuthnot Securities | Tom Griffiths | T: 020 7012 | | | Antonio Bossi | 2000 | | | | | +----------------------+-------------------------+--------------+ | Kreab Gavin Anderson | Ken Cronin | T: 020 7074 | | & Co. | Michael Turner | 1800 | +----------------------+-------------------------+--------------+ This information is provided by RNS The company news service from the London Stock Exchange END TSTVVLFFBVFFBBV
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