Ultima Networks Share Discussion Threads

[fido] 29/9/2014 20:08

"The Department of Energy & Climate Change has announced that it wishes to put ‘rocket boosters’ under the rooftop solar sector. Its desire to realise the potential for this sector in delivering energy security and energy savings is shared by solar rooftop developers who are actively seeking opportunities to deliver projects…"

[treacle32] 29/9/2014 15:53

Just got 1 mug punter to sell then - most holding for big contract news.

[the stigologist] 29/9/2014 14:20

treacle caught out by his own pump and dump

[the stigologist] 29/9/2014 14:09

treacle obviously desperate to sell and voicing his own concerns

look what he did at other disasters

[treacle32] 29/9/2014 13:51

Only 1 MM at 0.90p, then 1 on 1.05p and 2 on 1.10p. Don't want to sell stock low.

[treacle32] 29/9/2014 13:50

The 1.60p price flashed up again on L2.

[fido] 29/9/2014 13:36

barrie16,
Last year contract news was released seperate to interims. The market seems happy to accept stock, albeit at a discount, which suggests that we are due positive news near term. If this were not the case the MM`s would have widened the spread to stupit levels to deter trading.

[21trader] 29/9/2014 13:33

treacle

I think over ramping a stock for months that issues a very dull set of results
when the share price has been strong is the reason somebody has sold if of course
the trade is not yours but it's borderline bonkers to suggest it's my fault somebody has sold them today.

[barrie16] 29/9/2014 13:25

Flexton
Not that exciting.We've Seen it before many times!!I do however agree with fido, no information re Green Technology. Very possible waiting for contract news. There again, it could be, no news to report full stop!!

[treacle32] 29/9/2014 13:20

Got some mug to sell 1m at just 0.76p.

Bet they'll feel sick soon when the big contract news is announced imo.

[treacle32] 29/9/2014 12:24

O dear after all their past, same 2 mates going back to their sick harassment.

Must get in touch with my legal team again.

[21trader] 29/9/2014 11:23

People exaggerate the lol impression but this time I really was laughing loud
when he posted that.

He reminds me of KDC !

[the stigologist] 29/9/2014 10:50

lol

i love the lies he tells

[21trader] 29/9/2014 10:49

HA HA lol

sniff sniff what's that smell !

How can you make £100k when everything you tip has crashed :-))

[treacle32] 29/9/2014 10:45

Can wait until forever for 10p.

Still sitting on 100% profit here - but I want 2000%.

[21trader] 29/9/2014 10:29

All that ramping thousands of posts for those results treacle lol

[the stigologist] 29/9/2014 10:28

everybody out

you can either sell before treacle or sell after him and get 20% less

[flexton] 29/9/2014 10:26

My guess is that there is no contract news coming and that we'll have to wait and wait and.........

If there was any hint of contracts, licenses etc they would have mentioned it.

Same old Utn :-)

[maysun] 29/9/2014 10:17

The other strange thing is that - when a company announces loses, the MM will automatically mark down the share price by say 10%, it seems they are quite happy to let it sit at where it is now.

[fido] 29/9/2014 10:15

maysun,
I agree that there was little other than the bare bones in these results. My thoughts are that Akhter does not want to devalue contract news by these run of the mill results. Contract news after all represents the future whereas these results merely confirm the past.

[treacle32] 29/9/2014 10:10

Yes it does seem so Maysun - and as you say all the previous finals and interims have had lots more details.

[maysun] 29/9/2014 10:09

Trecle,

The report seems to me a strip down version of a "detailed" report written to be released but run out of waiting time!

[maysun] 29/9/2014 10:06

Fido,

Normally Akhter gives fair detail update on operation. Strange that not a word on
what is going on.
Aim rule dictates that any negative price sensitive news has to be released when known by company, so on this basis, there should not be any bad news on hold. Fair to assume that they are working on closing deals to be announced.

[treacle32] 29/9/2014 10:05

Never released results before at this sort of time - imo get the results published as last day tomorrow and seperate RNS on contracts and why new advisors were appointed last week.

[treacle32] 29/9/2014 10:03

Ultima Networks PLC

29 September 2014

Ultima Networks Plc

("Ultima", "the Group" or "the Company")

Interim Results for the six months ended 30 June 2014

Ultima, the IT and Green Technology Company, is pleased to announce its unaudited interim results for the six months ended 30 June 2014.

Highlights for the period

-- Turnover of GBP674,000 (H1 2013: GBP689,000)
-- Operating loss of GBP77,000 (H1 2013: Loss GBP136,000)
-- Cash at bank of GBP113,000 as at 30 June 2014 (30 June 2013: GBP82,000)

Ultima operates through two divisions: the IT Services division and the Green technology division.

The IT Services division develops and supplies computer based application software and services to the legal profession.

The Green technology division is responsible for the development and supply of electric powered bicycles and specialist electrical goods and provides renewable energy solutions for the development of clean power generation through solar and other renewable power sources with installations in the United Kingdom and in Spain.

Professor Humayun Mughal, Chairman and CEO, commented:

"During the six months ended 30 June 2014, Ultima made a Group operating loss of GBP77,000 (H1 2013: Loss GBP136,000). The Group maintained its policy of investing in research and product development to ensure it retains the ability to be competitive and react to market opportunities."

Enquiries:


Ultima Networks plc
Prof. Humayun Mughal, Chairman and
CEO 01279 821 200
Cairn Financial Advisers LLP (Nominated
Adviser)
Sandy Jamieson 020 7148 7900
Peterhouse Corporate Finance Limited
(Broker)
Eran Zucker, Charles Goodfellow 0207 469 0930


Chairman and Chief Executive's Statement

Operational Review

Ultima continued its investment in the IT Services product portfolio and the development of new products in the Green Technology division in order to generate future growth in revenues.

The IT Services division has continued the roll out of the FiLos legal software suite. The division has a programme of continuous product development which has proved an essential tool in maintaining demand and competitiveness and providing a platform for organic growth.

The Green Technology division saw a substantial reduction in sales of its electronic bicycles into mainland Europe resulting in a first half loss.

The opportunity for growth in the global renewable energy market remains positive with opportunities to provide innovative solutions.

The short term economic outlook remains uncertain however the Group remains positive and considers itself well positioned to take advantage of any upturn.

The Board of Ultima remains committed to its programme of research, design and development and expect this will provide the platform for future growth opportunities.

Financial Summary

In the six months to 30 June 2014 the Group achieved sales of GBP674,000 (H1 2013: GBP689,000) with an operating loss of GBP77,000 (H1 2013 GBP136,000).

The IT Services division made a profit at the operating level of GBP163,000 (H1 2013: GBP100, 000) on sales of GBP375,000 (H1 2013: GBP414,000). This division comprises Cognito Software, a provider of application software and services to the legal profession.

The Green Technology division made an operating loss of (GBP153,000) (H1 2013: operating loss of GBP157,000) on sales of GBP299,000 (H1 2013: GBP275,000). This division comprises the green technology products and the green energy parts of Ultima's business.

The Group central overheads for the six months to 30 June 2014 were GBP87,000 (H1 2013: cost of GBP79,000).

As a result of the expected availability of brought forward losses there has been no adjustment for taxation in the period.

Prof. Humayun Akhter Mughal,

Chairman and Chief Executive Officer

September 2014