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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Block Shield | BLS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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| 0.00 | 0.00% | 0.60 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
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| 0.60 |
| Top Posts |
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Posted at 05/3/2008 13:38 by pugugly Latest from Investors Chronile. They must have been reading our views on this thread. Must remeber to Copyright next time !!!Block Shield progress blocked Block Shield's potential has not been translated into sales. Time to cut and run 5 March 2008 However given IC's track record Maybe should now BUY !!! |
Posted at 20/1/2008 21:30 by oswd Yes indeed, I think the news is reflected in the price, yet the possibilty of further falls can't be ruled out and will put potiental investors off. I await for further evidence of the end of the sell off. |
Posted at 19/5/2007 08:26 by masurenguy Just serves to illustrate the fact that director buying is NOT a reliable signal to external investors since Fitzgerald saw his £183,000 investment last October fall by 25% over the following 7 months ! |
Posted at 29/12/2006 10:17 by broadwood Tipped in the Investors Chronicle apparently. |
Posted at 16/6/2006 06:02 by dafad Final ResultsEmbargoed Release: 07:00hrs Friday 16th June 2006 Block Shield Corporation Plc (`The Group') Preliminary Results for the 12 Month period Ended 28th February 2006 Highlights * Sales revenue up by 67% to US$3,912,000 versus US$2,342,000 for the 14 months to 28th February 2005; * Second half turnover up by 17% to US$2,110,000 compared with US$1,802,000 for the first half of the year; * Gross profit up by over 200% to US$1,869,000; * Gross margin increased to 48% compared with 46% for the first half and 26% for the preceding year; * Commercial progress in both the EMC and RFID Divisions exceeded management expectations; and * Diluted losses per share almost halved to US$0.17 compared with US$0.29 for the preceding year. Post Balance Sheet Event * Successfully raised £2 million (US$3,475,000) through a placing with institutional investors in March 2006 to fund the acceleration, and increase, in production of RFID manufacturing machines to meet the greater than expected market demand. Pier Antoniucci, CEO, commented: "I am delighted to report that during the year to February 2006 we progressed the Group's Business Divisions on two key fronts; namely industrialisation and commercialisation, and exceeded our expectations in both. This progression is highlighted by the fact that overall Group revenues grew by 67% during the period, an increase which is a particularly impressive display of organic growth especially when taking into account the disposal, just prior to the start of the period, of our Vacuum Platers Inc. (`VPI') subsidiary which historically contributed over 40% of the Group's revenues. I am also pleased to report that both of our newly-formed Business Divisions made significant advances through the period, achieving several key milestones. Within our Radio Frequency Identification (`RFID') Division we successfully developed, completed and sold ahead of schedule, what we believe is the world's only single process machine capable of manufacturing high performance RFID antennae on an industrialised scale at what is a commercially compelling price. The RFID market continues to gather momentum and our initiatives continue to attract significant interest from a broad range of sectors, where we have identified a variety of specific business opportunities from within the US whilst materializing an ever-increasing level of interest from industries in Asia and Europe. The continuing progress within our Electromagnetic Compatibility (`EMC') Division was demonstrated by the achievement of our first volume order which sees the Group supplying innovative shielding solutions to St Jude Medical for a line of new wireless medical devices being produced in a collaborative project managed by IBM. Towards the end of the period we also finally began to see the positive impact on the business from the anticipated change in environmental regulations which left many of our customers facing more challenging EMC standards due to the ban on a range of metals and soldering alloys that can be substituted using the Group's proprietary metal coated plastic products and patented metal-free electrically conductive adhesive technology. Overall this has been an extremely positive year for the Group and I look forward to reporting on further progress as we continue to commercialise our technology on an industrialised scale." For Further Information: Block Shield Corporation plc Pier Antoniucci (00) 1 408 745 0561 Teather & Greenwood Limited Adam Pollock (Sales) Gareth Price (Corporate Finance) 020 7426 9000 Hansard Communications Andrew Tan 020 7245 1100 Chairman's Statement I am pleased to report on the results for the Group for the 12 month period ended 28th February 2006 (the "Period"). Commentary This time last year, in order to exploit the growing international market opportunities and better serve our customers we undertook to organise the Group into two distinct Business Divisions. The first, being the EMC Division, is dedicated solely to the creation, manufacture and sale of innovative and proprietary shielding solutions, whilst the second, the RFID Division, is dedicated solely to the aggressive entry as a key participant into the RFID sector. This year it gives me great pleasure to report on the substantial commercial progress that has been realised with both Divisions exceeding our expectations for the Period. I believe that through our divisional structures we are now in a position to fully exploit the exciting growth projections in our target markets. I am accordingly confident of our ability to capture the opportunities likely to emerge during the current year. EMC Division The EMC Division enjoyed an extremely positive year during which sales revenues grew at a healthy rate and the division achieved its first volume order. This high level of organic growth was particularly encouraging as it was achieved despite the divestment of our VPI subsidiary immediately prior to the beginning of the Period. Historically, VPI contributed over 40% of the Group's revenues. As such, I am confident that the EMC Division is well under way to becoming a significant commercial entity servicing a wide range of customers based in a broad spectrum of industries. Prior to this report we have often related to our shareholders the details of specific customers for our EMC products as this served to validate not merely the solutions we sell, but also the quality of our clients. However, as this division continues to grow and mature we now believe that understanding the depth and profitability of our customer relationships provides a more relevant criterion to measure and understand our performance. For the future, therefore, we propose to focus on client penetration and sustainability of revenues. Our business philosophy for EMC products is to begin collaborating with customers at the product design stage. In doing this, we are able to 'design in' our solutions specifically catered to our customers' bespoke needs. This has necessarily meant that we are linked to longer design cycles, which customarily assure not only higher margin sales, but also greater certainty of long-term contract revenues. During the Period, we were pleased to announce that we were selected to supply the shielding solutions for a new line of wireless medical devices released by one of the world's largest medical equipment manufacturers, St. Jude Medical. Whilst this contract was announced in January 2006, and the sales are not reflected in the period, the contract is expected by project managers IBM to exceed $2 million next year and to continue (albeit at a diminishing rate) for at least another two years thereafter. Since this announcement, we have also secured three additional similar customers. We continue to develop these customers and contracts with a view to increasing our sales margins and the length of our commercial relationships. Particularly interesting is the fact that the level of growth in EMC Divisional revenues was achieved despite the effective delay in implementation of the EEC Waste Recycling Regulations by 12 months. These regulations are now coming into effect and customers' attitudes and expressed concerns lead us to believe that they will have a significant positive impact on our EMC Division. DECA Sales One of the principal environmental advantages of our shielding products is the solder-free attachment methodology that we developed and patented. Utilising a low temperature methodology of dispensing metal-free, electrically conductive adhesive, the Group developed an attachment machine for its shielding products named the Dispensed Electromagnetic Adhesive ('DECA') machine. As a result of customer demand, the EMC Division now manufactures and sells these machines so that customers can integrate the shielding process into their existing production lines. As the machines are specifically designed for the Group's products, we view the purchase of the machines by our customers as being indicative of long-term commitment to our shielding products. Accordingly, value customers have been direct targets for the selling of our DECA machines and industrial solution sales to Contract Manufacturers and to International licensees have also included DECA machines. Machine sales to customers such as Zoll Medical and Watkins Johnson have been a key indicator of customer satisfaction and long-term commitment to our shielding solutions throughout the Period. RFID Division It is with great pleasure that I recollect that an RFID application for the Group's technology had not even been conceived until last year. Since identifying the opportunity to apply our technology to the production of specialist antenna for the RFID industry we have successfully researched and developed not only what we believe to be world leading products but also the related processes for their mass-manufacture. In its first year, our RFID Division has far exceeded even our highest expectations and has attracted the attention of companies who are interested in purchasing antennae, tags and/or turn-key solutions to produce these items on industrial scales. The time lines for the development of the RFID Division should also be viewed in the context of the Group's overall business history. Whilst we did not plan for our RFID achievements, the core value of our shielding expertise did provide a valuable foundation for our move into the sector. The expertise we developed in microwave, radio frequency and material sciences during the preceding six years of work on EMC projects, endowed the Group with a wealth of cutting-edge know-how, technical proficiency and knowledge which enabled the creation of the RFID Division. We used this valuable foundation to opportunistically facilitate the rapid and precocious evolution of the division to a level of commercial validity which truly contradicts its youth. Further accelerating the growth of the Group, the sophisticated metal vacuum deposition technologies developed for RFID applications have also attracted unanticipated and growing business opportunities for the EMC Division in the form of new high volume applications, such as shielding fibre optic connectors and cell phone camera lenses. These surfaced as a result of new products adopting new technologies as well as more traditional products increasingly affected by more stringent EMC regulations or requirements. It should also be observed, in this regard, that major Contract Manufacturers have evaluated our exclusive EMC products offering and the related industrial solutions for their high volume manufacturing applications. This is an exciting development and we look forward to reporting on progress in this area when appropriate. NEW FACILITIES In July 2005, the Group's primary operating subsidiary based in California outgrew its headquarters in Sunnyvale and consequently moved nearby to a new facility of double the size. Moreover, with the creation of the RFID Division an additional facility was leased from the beginning of 2006 to receive the prototyping and manufacturing equipment used to demonstrate antenna production and assemble industrial solutions for our initial customers. RESEARCH AND DEVELOPMENT Prior Research and Development efforts in our EMC related activities were directed towards developing industrial applications for the Group's technologies, whilst also researching deposition of new metals, of new metal combinations and the compatibility of new plastics to metal deposition. A major achievement in the latter category led to identifying a novel process for realizing perfect adhesion of metals on a new proprietary plastic which is used by customers as a housing material for medical equipment. This achievement resulted in the Group being selected as the long-term exclusive supplier of shielding solutions necessary for the products in question. Other R&D activity oriented to the EMC challenges went in the direction of standardizing manufacturing methodologies in pursuit of automation and repeatability on an industrial scale. This included a more automated and faster DECA machine and a robotized adhesive dispenser. The RFID-related R&D has had a very intensive year of activity addressing evaluation, modelling and selection of both products and industrial manufacturing solutions. Plastic strips with films of deposited metal for antenna applications in several metals were extensively investigated, leading to the fundamental patent application for bi-dimensional antennae obtained by vacuum deposition of metal. Development efforts concentrated on copper and aluminium, with the latter representing the most appealing solution of lower cost and higher performance when compared to any known alternative currently available to the market. A further benefit of the aluminium solution is that it enjoys the added bonus of being compliant with upcoming environmental regulations. Computer aided design methodologies were also researched, developed and adopted for designing antennae optimised to the specific load and source (chip) to which they are connected. Chip attachment methodologies were similarly investigated and tested, with an interim solution identified and a more innovative challenging solution further progressed. In parallel to the antennae and tag-related technologies, complimentary industrial solutions were explored as were alternative vacuum deposition techniques. By the end of the reporting Period, the marriage of the above described R&D activities led to the capability of designing and producing proprietary antenna solutions and related production machines, named "Flexivol" and "Dedivol", capable of nominally producing 10 million and 100 million antennae per year respectively. All the equipment necessary to complement the Antenna machines in order to obtain a tag manufacturing module have also been identified. Future Prospects The strategy outlined in my report this time last year was to continue to manufacture our own shielding products for our own customers in the higher margin product lines and this remains valid. The EMC Division anticipates continued growth of sales, with a number of new opportunities related to the growing impact of the new environmental regulation and to the new volume applications of vacuum metal deposition made synergistically possible by the exclusive technologies developed by the company for RFID applications. We are also confident that the next year will generate sales of EMC manufacturing machines to customers to enable them to manufacture shielding products, under direct licence, within their own facilities. In our RFID efforts, we are confident that the coming year will bring significant sales of not merely antennae and tags but also high margin turn-key manufacturing solutions to permit customers to manufacture their own products. We will continue to undertake further research and development in improving our current and prospective RFID antennae machines for the industrialisation of the production of RFID antenna, tags and associated processes. We remain confident that the speed of growth in the RFID Division will continue at an even greater rate in the coming year with innovation being matched if not exceeded by commercialisation. Appreciation The Period has been one of significant development, achievement and satisfaction thanks to the commitment, devotion and hard work of all of the Group's employees. On behalf of the board of directors, I thank them all for their efforts and also thank our shareholders for their continued support. I look forward to the Group fulfilling the promise which the next year presents. ME Fitzgerald Chairman |
Posted at 16/3/2006 13:18 by britishbear ====================Re: News Releases - Wednesday, March 15, 2006 Placing to raise £2,000,000 ==================== Following the institutional road show of the Company last week and the trading update of 8 March 2006, the Company is pleased to report that Teather & Greenwood Limited has placed with institutional investors 1,307,190 new ordinary shares of 1 pence each in the Company ('New Shares') at a price of 153 pence per New Share (the 'Placing'). In addition, in order to meet the excess of institutional demand in a manner which minimises dilution for existing shareholders Cloverleaf Holdings Limited, a company controlled by Michael Fitzgerald, the Chairman of the Company, has today sold 3,267,975 ordinary shares of 1 pence each ('Shares') at 153 pence per Share. The resultant beneficial holding of Michael Fitzgerald in the Company is 10,900,279 Shares (representing 34.23 per cent. of the current issued share capital of the Company). The New Shares will rank pari-passu with the existing Shares in issue and are expected to be admitted to AIM on 29 March 2006. Michael Fitzgerald, Chairman, commented: 'I am delighted that institutional investors continue to support Block Shield. Although the Company does not need the funds to deliver on its original business plan I firmly believe that, following recent progress made by the Company, we can deploy the funds for capital expenditure and to accelerate the commercial expansion of our RFID Division. As such we will use the new funds to accelerate the speed and quantity of production of our RFID antenna manufacturing machines in order to meet the greater than expected interest which we now anticipate for our antenna and the industrial processes for their mass production.' Contacts: Block Shield Corporation plc Michael Fitzgerald 00 377 93 256 719 Teather & Greenwood Limited Adam Pollock (Sales) Stephen Austin (Corporate Finance) 020 7426 9000 Hansard Communications Andrew Tan 020 7245 1100 ==================== Copyright (c) 2006 BLOCK SHIELD CORP. (BSC) All rights reserved. For more information visit our website at or send mailto:info@blockshi |
Posted at 27/2/2006 08:25 by britishbear Excellent start to the day. This is an illiquid stock that can really motor.Have expected new highs for a while now and here we are - this is an underrated stock still off the radar of most small investors. This may be changing. |
Posted at 19/10/2005 09:20 by britishbear These are truely excellent results imo.This down market has killed any rise but it does give the small investor a chance to get more at a cheap price. Encouraging process on all fronts and excellent margins. |
Posted at 05/5/2005 10:21 by sheeneqa COMPANY BACKGROUNDThe Company was formed in 2000 to bring together a highly experienced management team from the United States electronics industry to introduce new technology into the global electronic shielding industry. At foundation the Group owned an existing decorative metallising business and acquired key patents for its technology. Block Shield Corporation is a member of a group of companies of which it is the holding company. It has three wholly owned subsidiaries, WaveZero Inc, New WaveZero Inc and VPI Inc, all of which are incorporated in the Unites States. The activities of the Company are currently primarily in the United States where it has headquarters in Silicon Valley, California and production facilities in Wisconsin. The Group is now in a mature stage of development and is beginning to commercially exploit its range of patented technological solutions. It listed on AIM on 27th April 2004. The Company chose to list on a stock market in London rather than in the United States as it has ambitions to be a global supplier. The principal shareholder is Australian entrepreneur Michael Fitzgerald, who is a successful investor in and manager of technological and biotechnological companies. |
Posted at 24/2/2005 17:42 by fieldbeans According to comdirect site, BLS financial year end is 28 February. Let us know if you get a reply from BLS themselves. Certainly their investor relations bit is pretty spartan to non-existent. Hopefully the fact that they have around 100 sales staff is a sign that their priority is running the business rather than spending a lot of time talking to shareholders. I like that. |
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