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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Coe Group | COE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 8.50 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 8.50 |
| Top Posts |
|---|
Posted at 10/7/2008 18:43 by nam0 RNS Number : 4659YCoe Group PLC 07 July 2008 COE Group plc ("COE" or the "Company") Trading update, refinancing and restoration of trading on AIM COE, the developer of advanced video surveillance systems, is pleased to provide a trading update for the period ended 30 June 2008 and also announce that the Company has secured additional facilities as a result of which trading in the Company's shares will be restored at 13:30 on 7 July 2008. Trading update & restructuring Turnover for the year to 30 June 2008 rose very slightly compared to the previous year to just over £4.0m. As a result of focussing on higher margin business, gross margins for the full year were around the level delivered in the first half (52.5%, compared to 43% for the year to 30 June 2007 and 35% for the year to 30 June 2006). Overheads also rose during the year as a result of the investment made in the business. Supported by the PSA contract win announced on 29 May 2008, gross profit on new orders rose significantly during the second half of the year. The Board has now decided to give priority to reducing the Company's losses and announces a restructuring in order to bring its cost base more into line with order intake. This approach requires a smaller management team and Andrew Wallace, CEO, has agreed to leave the Company on 31 July 2008. Ian Jefferson, currently Finance Director, has been appointed CEO with immediate effect. The Board thanks Andrew for his efforts over the last 4 years in establishing COE as a recognised supplier of integrated IP surveillance systems and wishes him well. The Company also announces that Mark Norton, currently Global Sales Director of Coe joins the board as an Executive Director effective from 7 July 2008. Mark's distinguished sales record includes being one of Compaq's first salesmen in the UK. Ultimately Mark became Group Sales Director of Compaq UK managing a sales organisation generating £3bn of turnover, split equally between hardware and services. From 2003 - 2007 he was also a non executive director of Amaze Limited. Other than as set out in this announcement, there are no details that are required to be disclosed under Schedule Two(G) of the AIM rules. Loan On 7 July 2008, COE entered into a loan agreement ("Loan") with IP2IPO Limited ("IP2IPO") a wholly owned subsidiary of IP Group plc ("IP Group") under which the Company has agreed a £350,000 secured debt facility. This facility will be used to provide COE with working capital. The key terms of the Loan are as follows: Amount: £350,000 Term: Initial 6 month term and thereafter repayable on demand Drawdown: One instalment on 7 July 2008 Interest rate: The Loan will accrue interest at a rate of 7% per annum for the first 6 months from the date of draw-down. Thereafter interest rate shall increase by 200 basis points for every six months that the debt remains outstanding. Security: Fixed and floating charges over the assets of the Company from time to time. In view of the terms and the amount of the Loan from IP2IPO, it is not regarded as a long term source of finance and the Directors expect to need additional finance in the medium term in order to more fully capitalise the Company . IP2IPO currently holds 31.95% of the issued share capital of the Company and is a related party for the purposes of the AIM Rules. The issue of the Loan to IP Group therefore constitutes a related party transaction for the purpose of the AIM Rules. The Company's directors, other than Dr Alison Fielding, who is also a director of IP Group, consider, having consulted with KBC Peel Hunt Ltd, the Company's nominated adviser, that the terms of the transaction being entered into by COE and IP Group are fair and reasonable insofar as its shareholders are concerned. Enquiries COE Group plc 0113 230 8826 Ian Jefferson, CEO KBC Peel Hunt Ltd 0207 418 8900 Oliver Scott Nicholas Marren This information is provided by RNS The company news service from the London Stock Exchange END |
Posted at 24/6/2008 11:05 by rheiner Commiserations to you if you have a few Coe shares. I used to have a few. Thought of buying again recently. Just rang them up out of curiosity and they say they are still trading. Latest trading news appeared positive so will wait and watch how it goes. |
Posted at 21/4/2008 11:23 by mryesyes I hold some 5p shares in coe so these must be worth 5 times these 1p shares |
Posted at 27/9/2007 09:36 by dbno COE Ltd announces that Mark Norton joins COE as Global Sales Directorresponsible for all COE's sales activities worldwide. I know this bloke, he's good. |
Posted at 11/6/2007 16:00 by lilahseb More news on COE website; dunno why not here too (COE completes far-reaching CCTV system upgrade for Malaysia Airlines, 30th May 2007). Obviously not price sensitive! |
Posted at 19/3/2007 18:56 by spbcscw I used to have a few thousand shares of SCOOT...don't laugh!Does anyone know what this equates to in terms of COE? I wouldn't normally dare to ask but such a price rise has generated a little probably unfounded excitement. Thanks |
Posted at 08/3/2007 08:46 by lilahseb well done the coe team |
Posted at 21/2/2007 10:44 by dbno Can anyone help with an explanation of the Loot Loan Notes? Is the £18 million owed to COE or do COE owe someone the cash?TIA dbno |
Posted at 05/10/2006 13:08 by andrbea looking forward to the booth at Essen, and some news updates perhaps.from COE's website: COE Group to showcase new products at SECURITY ESSEN SHOW 10-13 October 2006 COE Group - British Pavilion - Hall 3 - booth 3-605D PIEPER GMBH - Hall 2 - booth 2-436 COE Group, the developer and integrator of advanced analogue and digital video surveillance systems, will showcase its latest new products and announce more product launches at the Security Essen Show. COE will demonstrate a fully integrated platform including its X-Net Transmission system, Analogue and IP-based control and switching systems, Graphical User interfaces and Network Video Recording. Further key products will be announced at the show. COE's systems will be available to view on its own stand and at PIEPER GMBH, COE's Value Added Reseller in Germany. The new X-Net Transmission system is now shipping to customers worldwide. Unique in the surveillance industry, X-Net provides analogue, high bandwidth digital and MPEG-4/M-JPEG over IP compressed transmission in a simple, modular platform which can be changed as the requirements evolve. A unified NMS provides control of each element. X-Net builds on COE's 17 years track record of designing reliable and flexible systems. X-Net is based on leading edge digital video and laser technologies and is optimized for flexibility and reliability. COE offers an unbeaten 5 year warranty and MTBFs in excess of 15 years. COE has recently received a major investment from IPGroup, the Intellectual Property commercialisation company, and COE is working to bring more advanced technologies to the video surveillance industry. COE is recruiting European sales personnel and will be happy to meet great sales people at Essen. |
Posted at 06/7/2006 14:17 by k123 LONDON (AFX) - Coe Group PLC said it is moving towards profitability but itsoperations depend both on continued bank support and on the sourcing of further equity or similar funding in the short to medium term. Coe is in dialogue with its bankers and believes that the bankers will continue to support it and are also in advanced discussions with a number of potential investors who may provide equity or similar funding to strengthen the group's balance sheet. The AIM-quoted advanced CCTV system supplier released results today for the year to June 30 2005 which showed a pretax loss of 1.2 mln stg, compared with a loss of 3.7 mln a year earlier. Full year turnover was up 17 pct to 5.33 mln stg but second half revenues were lower at 1.94 mln due to a lack of major project shipments. The company cut full year overheads by 9 pct and it said these will reduce further through its ongoing cost reduction programme. To reduce the risk of volatility in its sales, management has focused on building a flow of smaller sales, the timing of which can be more accurately forecast than major projects. As a result, order intake improved in the second half of the financial year and Coe said it expects this will feed through into improving revenues in the future. These increases were particularly notable in Europe and Asia, it added. Turning to current trading, the company said conditions have continued to be tough and losses have continued to be incurred. Despite the overhead reductions in the year, the improvement in order intake experienced in the six months to June 30 2005 has been maintained, it said. And further important advances in the move towards profitability have also been made, including the launch of major new products, the sale of more services to customers and the outsourcing of manufacturing, which has had the benefit of reducing stock levels, the company said. Further cost reductions are now being implemented which, once complete, would allow Coe to start 2006 with a cost structure which would allow it to be broadly break even if current revenues are maintained, it concluded. Coe also announced today that it is reorganising its capital. It explained that of its 19,000 shareholders, the majority have been shareholders since the group was called Scoot.com PLC. Around 17,000 of these shareholders have shares which are effectively worthless after taking into account the minimum cost of selling their shares. The reorganisation involves a one for 500 share consolidation, creating new shares of 25 stg each. Each consolidation share will then immediately be sub-divided into 2,500 new ordinary shares, of which 2,400 will immediately be redesignated as deferred shares. After the reorganisation, any shareholder holding fewer than 500 existing ordinary shares will no longer be a shareholder in the company. Instead, they would receive a cash sum. (adds detail on trading, share consolidation) Few month ago they said. |
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