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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Belgravium Tech | LSE:BVM | London | Ordinary Share | GB0002961224 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 3.875 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:5315D Belgravium Technologies PLC 25 May 2006 25 MAY 2006 BELGRAVIUM TECHNOLOGIES PLC AGM AND TRADING STATEMENT At the Annual General Meeting of Belgravium Technologies plc ("Belgravium" or the "Company"), to be held at the offices of Teather & Greenwood Limited at 11am today, Chairman John Kembery will make the following statement: "Trading was slow in the first quarter of 2006 in all Belgravium companies, a regular feature in the markets we serve. There has, however, been no significant upturn in the second quarter and it has become evident that the contracts needed to achieve anticipated sales are currently taking longer to negotiate and close. In addition to a cautious market, Belgravium Limited is coming under price pressure and we are taking steps to address the impact of this. This is much less of a factor in Touchstar Limited ("Touchstar") and Novo IVC which are exposed to a wider range of markets and have a lower reliance on hardware sales than Belgravium Limited. It has taken us a little longer to replenish the sales pipeline at Touchstar than we originally anticipated and we have therefore focused the necessary resource in this area. In addition, one of the major contracts anticipated to be won at the time of the Touchstar acquisition has been deferred until next year. However, we expect Touchstar to trade well in the second half of the year and we remain confident that Touchstar will prove to be a successful acquisition for the Group. Whilst we are confident that the order book will convert into revenues, there is still limited visibility for the second half of the year. It therefore appears unlikely that the company will meet expectations for sales and profits for the full year." For further information please contact: Buchanan Communications ltd Eric Burns/Alastair Watson 01943 883990 Belgravium Technologies plc John Kembery Mob: 07770 731021 www.belgraviuminvestorrelations.com This information is provided by RNS The company news service from the London Stock Exchange END AGMPUUMAAUPQGAC
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