|The other thing to consider, there are numerous other systems on the market which reduce dry cycling. None of which are listed on AIM.
And most of which work the same. Or don't as the case may be.
The company has no USP.
Energy efficiency is a growing market place, but as a product M2G looks to be going no-where, possibly why the LCC contract isn't going anywhere.
As for Endotherm. Jeeezzzz. Another tin of snake oil?
Next they will be selling the secret of Alchemy!|
|Interesting Geoff. You seem to know your stuff so I will not argue, and there lies the problem with the LCC contract. Schools will be closed for 3 weeks out of the maximum 12.|
|I know a bit about this sector, and have done some research into the M2G unit.
To me it has a several fundamental flaws.
1. It cannot monitor it's own savings.
2. Dry Cycling only occurs in shoulder seasons (between Autumn & winter and winter and spring), so effectively the unit only makes savings for 8-12 weeks a year.
3. It won't work on boilers which heat swimming pools (as they don't dry cycle).
4. Boilers need to dry cycle. Eliminating dry cycling leads to a build up of moisture in the boiler. Iron and water don't mix very well and the boiler will rust away.
5. It has no independent testing accreditation, such as the BRE.
In summary, they have a product which can only work 8-12 weeks a year, on certain boilers, which will eventually make them rot, and they have no way of knowing what savings they make. If any.
As a business plan it's rubbish!|
|It can still fall 100% !
With the benefit of hindsight it seems incredible they never built on the MoD and LCC contracts. The MoD used to be one of the hardest sectors to get into with quality standards second to none (I assume its still the same).
However, as far as I am aware the LCC contract was never completed in full, which probably should have been RNS'd?
The whole 'Boiler' sector seems out of favour, maybe that's the main issue.
Last chance saloon|
|Interims should be out any day now. Last year they were published on February 9th.|
|Ah, good point. No where near as critical a position then.|
|The £240K cash position was at the end of June. Since then they raised £750K via a placing in September.|
|Thanks Mas I'd missed that.
So after posting a £1.6m loss last year they had cash of £240k. Not going to last long is it? Unsure of their Banking facilities.
forward p/e/ for 2018 is x3, Market clearly not expecting them to perform.
The Co is under immense pressure|
|RNS Number : 4310Q
Sabien Technology Group PLC
29 November 2016
At the Annual General Meeting to be held at 11am today, the Company will provide the following update in respect of the period since 1 July 2016
P35 (2015/16 heating season) - The Company received initial orders from two P35 clients, 24 clients have received an M2G business case proposal with a further 2 still pending. 6 clients for site-specific reasons are still in measurement. In addition to the above, there are a further 2 US pilot clients which are in discussion with the Company's US distributor regarding an M2G roll out. Moreover, the Company has received initial orders of cGBP100k from its US distributor in respect of one of the pilots carried out in the USA in the past heating season. P40 (2016/17 heating season) - The Company has commenced its P40 M2G Pilot programme and currently has signed up 17 pilots in total, 15 in the UK and 2 in the USA and Europe. The company also has signed up 10 EndoTherm pilots in the UK and intends on running at least 15 EndoTherm pilots in the UK during this heating season.
At the placing in September 2016, the Company announced that orders of GBP500k, expected to be received in June or July, were now expected to be received in the 2(nd) quarter of the current financial year. Although these orders have not been received yet, discussions with the clients involved indicate they are still current and are expected in the 2(nd) or 3(rd) quarters of the financial year to June 2017. Trading in the first months of the current financial year is a reflection of ongoing discussions with the P35 clients mentioned above. This will mean that the results for the half year to 31 December 2016 will show a loss.
A further update will be provided at the time of the announcement of half year results in February 2017.|
|It's the AGM next week (Tuesday 29th), I would like to attend but it clashes with the AGM for Surface Transforms where I have a lot more chips on the table, so alas I don't think I will make it to the SNT AGM.
Anyone else planning to go along?|
|And again. Results day and less than £400 worth of shares traded. Unbelieveable.|
|People always like to comment on what a share price is telling us. In this case it appears to be 'whatever'...|
|Good luck Timbo. I have to admit I thought any placing would be taken at a much lower price so, in a way, some good news there.
Still begs the question if they could afford to pay the Leccy and fill the biscuit tin without this placing|
|I was given the opportunity to participate in the placing announced today, so decided to have a nibble, I was tempted by the EIS tax relief and the chairman's commitment to put in a decent wedge (which has been confirmed this morning)|
|very good news today - orders up and being converted. huge increase in pipeline. Looking very undervalued now.
BUY for me. DYOR|
|Did anyone listen to the Webinar? Was registered but couldn't make it. Any more info as to why large parts of the pipeline dropped out last year, and how robust is the pipeline number for this year ? How is it calculated ?And any news of fund raising ?Ta.|
|I do not have the same access to the 2 schools near us in Lincs, but I still can find no evidence (i.e. teachers/governor) that any retrofit's having been done.
Was the LCC contract a disappointment?|
|I suspect SNT had 'prospected' them, rather than the other way around.|
|The crucial question seems to be why did the number of large prospects remove themselves from the pipeline ?
Because, depending on the painful or not so painful answer, that determines whether ANY pipeline is going to generate a profitable business, or whether the whole thing is actually simply not viable.|
|Morning fft. Hard to predict how the Market will interpret that TU. Funding has to be on the cards?|
|Pipeline is good, but cash is low (regardless of what they thought it would be).Revenue in June and July expected to be good. The paid for pilots does seem to have been a good idea as long as they can continue to fund it until sales/cash comes in. Wonder if we will have a placing or fund raising ?|
|Well if there is going to be a bottom and not a disaster, then this must be pretty close to it for a punt. Hardly any share price movement for quite a while.
Half thinking of averaging down modestly, but its only half-thinking. Perhaps I should put in half what I did originally that would be quite a lot more shares ;-(|
|Read Stockdale Securities's note on SABIEN TECHNOLOGY GROUP PLC (SNT), out this morning, by visiting hxxps://www.research-tree.com/company/GB00B1FPCD38
"We are most encouraged by today’s update on the pilot programme in which the company has said it is on track to complete at least 34 pilots in the 2015-16 heating season. This compares to eight in 2014-15 and its target of up to 35 this financial year. Importantly, there is already the positive anticipated traction on the sales pipeline with 10 of those completed, adding an expected £3.5m. With a trading update scheduled for early June, we make no changes to any of our forecasts and ..."|
|Agree yump. Their 'pipeline' has been nothing short of a smoke screen for years. Whilst not enough for me to even consider buying back in, things are maybe starting to look a little more positive.|
|A few years late, but welcome I guess:
"The Group has reviewed its historic pipeline and the updated pipeline now includes only those prospects where it is in active discussion with the client on implementation. The sales pipeline at end April 2016 stood at GBP7.4m."
Now all they need to do is rename the 'Business Managers' to Salesmen and make it clear to them that they are not managers of anything.
Having been involved in recruitment in the past its always been a debate with the client: if they don't advertise the vacancy as Sales and want to use words like 'Consultant', don't be surprised if they don't get people that can sell.|