Sabien Technology Share Discussion Threads

[joesoap3] 06/10/2012 17:23

Contact,
I don't have it sorry. I was just going off what was written in Mas's entries 205 and 212 above. Either they have not succeeded in getting the big contract or it has not been announced yet. but the share price is definitely heading south at the moment

[contact2fsnetcouk] 06/10/2012 13:23

Joe, can you please provide me/us with a link so we can get access to Amati's October and future issues.

Thank you

[joesoap3] 04/10/2012 17:01

It will be interesting to read Amati's October issue to see what they have to say about the large tender that was expected to be announced in September. Again constant small selling is hammering the share price down.

[pj 1] 21/9/2012 11:15

Mas, I live in hope! But with results due 1st October and Tender results due soon it could be an interesting week or so...........

[masurenguy] 21/9/2012 09:54

The volatile shareprice movements on miniscule volumes illustrates the point that if you buy into the story here then you can't afford to trade the stock and sit on the sidelines hoping for a better price. Hold, and add on any dips back to the low 30's, seems to be the best strategy if you're bullish on their prospects.

[pj 1] 21/9/2012 08:51

Small but regular buying again. Hoping someone knows something !! :-O

[joesoap3] 18/9/2012 15:23

15.15 - just tried a buy/sell and the quote is 37.85/41.90

That is one hell of a jump for only two trades today and cant be down to an Amati report today as this was mentioned in post 205 in August. Unless of course it is about to be announced and MM's know what it is. Although nice to see the share price rise, its a bit unfair for it happen before an announcement

[pj 1] 18/9/2012 12:28

Plus 20% on trades showing of £9K approx. I know its illiquid but....

I assume some late trades will show hopefully :-))

[masurenguy] 18/9/2012 11:32

Extract from the Amati UK Small Investors Fund August Report out today. "Sabien slipped further but we are expecting to see some significant positive news for the company in September based on their order pipeline" Looks like the MMs have seen it and marked up the Offer accordingly !

[masurenguy] 10/9/2012 16:06

The entrepreneur who set up and still runs this business as CEO, is Alan O'Brien. He is the key player
and if he ever left the company then there would be reason for concern. Morton has only ever been an
NX Chairman and, without wishing to diminish his role in mentoring and advising the Board of a small
AIM company, any contribution made in that capacity is not particularly significant in an overall context.

[contact2fsnetcouk] 10/9/2012 14:40

From June 2007, and perhaps before, to June 2010, the company made annual losses, now that Dr Morton has retired, the inference is that I do not want the retirement to be the catalyst for a return to losses.

As for activity, I expect some share dealing, above the recent average, to take place.

[masurenguy] 10/9/2012 08:15

Not sure that I understand the point that you are trying to make here. They moved into profit last year (June 2011) and increased H1 profits by 60% in the current year, so what is key about the comment "successfully grown and moved into profit" that you have referenced above ?

In terms of "activity between now and then" are you refering to the Amati comment on August 17th in
post #205 or are you expecting something else ?

[contact2fsnetcouk] 09/9/2012 20:24

I wonder if those last few words are "key" "successfully grown and moved into profit". Result about to be issied on 1 October, I expect there to be some activity between now and then. Sadly, my cash reserves are spent.

[masurenguy] 30/8/2012 14:43

RNS Number : 1263L
Sabien Technology Group PLC
30 August 2012

Retirement of Dr Clive Morton O.B.E. as Chairman and Non-executive Director

Sabien Technology Group plc, the manufacturer and supplier of M2G, a boiler energy efficiency technology, announces that Dr Clive Morton O.B.E., non-executive chairman of the Company, has notified the Company that he intends to step down as chairman of the Company at the next Annual General Meeting, which is to be held in November 2012, and will retire as a non-executive director of the Company as of 30 November 2012. The Board expects to make an announcement regarding the appointment of a new non-executive chairman in due course. The Board would like to take this opportunity of thanking Dr Morton for his invaluable guidance as chairman of the Board since the Company floated in December 2006 during which time the Group has successfully grown and moved into profit.

[contact2fsnetcouk] 17/8/2012 20:34

Thanks Masurenguy. Lets hope they have the manpower to see it through.

[masurenguy] 17/8/2012 11:54

Extract from the Amati UK Small Investors Fund July Report. They took a 17.4% stake here last November.

"Sabien Technology succumbed to profit taking after the year end results, as the second half was somewhat lacklustre. However, we believe that the company is tendering for its largest ever contract currently, and hope for positive developments in the early autrumn"

[qvg] 22/7/2012 20:42

joesoap
thanks for that suggestion, I will give it a go

[joesoap3] 21/7/2012 13:58

qvg,

The points that both you and Mas make are very good and interesting. I have on two occasions sent questions via the Sabien website and both times Alan O'Brien has rung me back and I've had a good chat with him. Clearly he can only say so much but at least you can have the chance to talk to him directly and see what you can glean from what he says

Perhaps you could do the same and then let us know what he has said about the points that you have raised that are disappointing

[qvg] 18/7/2012 16:44

Masurenguy
I have checked my notes and re-read the material. I stick with my comment.

First last year's disappointment. They announced "Estimated pre-tax profits for the year are expected to be around £0.19m compared to a loss of £0.34m in the previous year". Of course that is a good comparison year on year. But the Interim results had been "Profit before tax of £185k". So in the second half their profit was around £5k. I called that disappointing, and still do. On reading my notes I was reminded that in June 2011 you gave your expectation of £500k profit (post 27), so I guess you might have been slightly disappointed too.

Part of this year's disappointment is again the second half. Sales pipeline is down from £9.5m at the end of first half to £9.1m.The statement makes no mention of sales orders, something they normally cover. They quote 4 big contract wins. Great, they total £1.4m – but they already announced £1.5m of new orders in H1. My assumption from this is that orders for H2 are disappointing.

Of course I get the point that the emphasis is to focus on indirect sales. And this they have done successfully with indirect sales up from £380k to £1.06m. But if everything was going well, would you not have expected direct sales to grow slightly or at worst stay flat? My maths tells me direct sales dropped from £1.7m to £1.4m. How do they reconcile that with the first half of the statement "... we are pleased with the sales traction from our direct sales and indirect partners which remains strong and we expect further growth for the year ending 30 June 2013".

[pj 1] 18/7/2012 09:16

The medium term market here is also massive. With a government body set up to measure Companies Carbon footprints, Public bodies will have to set the example to the Private Sector.
I believe the temporary power and heating market is untouched (e.g. Aggreko etc) although not UK which presents other challenges more longer term.

By all accounts the quality (not sure ''after sales service'' is the correct phrase) is second to none.

[masurenguy] 18/7/2012 08:58

PJ 1 - 197: "Whilst these pipeline Sales are not contractually agreed any predator could see it as ''free'' value and firestorm that part of the business."

Quite possibly - who knows ! The key factor here is that they have no viable competitor who could muscle in and make inroads into that pipeline so your WIP analogy is quite a good one. A company with a patented niche product such as this is always going to be a potential target as an incremetal profit stream for a larger company in a synergetic market sector. A predator could even include one of their existing large distributors in the UK. In the longer term I would expect them to be acquired by a larger services organisation but the actual timeframe that may be related to that particular development is really anyones guess !

[masurenguy] 18/7/2012 08:50

qvg - 196: "I will only note that the chart at the top of this page seems to say that Mr Market found it disappointing too."

This is a very illiquid share. In the 6 trading sessions since the trading update was issued last week the total volume of shares traded has been 184,000 or just 0.7% of the shares in issue. This can hardly be considered as being representative of any meaningful 'market view'!

This share can move up or down quite quickly on some very modest share trading volumes as can easily be determined from previous trends. Earlier this year the shareprice almost trebled from 23p to 66p in 8 weeks, from mid January to early March, on the combination of some national press publicity and a positive H1 statement. It has dropped back since then because it got ahead of itself in valuation terms. There was also some inevitable profit taking too on such a dramatic short term price rise.