Sabien Technology Share Discussion Threads

[goliard] 07/11/2011 07:54

I believe any fund must obtain 'distributor status' every year, or UK individuals are forced to pay tak on any gains. Not sure how it works if they are non-uk individuals behind the fund, but they would be breaking UK rules as far as I know. Possibly worth checking the rules, but in listed vehicles I have worked in, non-uk holders always complied with the listing rules, although that was with main market stocks, but I don't see any difference. Also, the company would become aware of any change in holding as they have a full list of holders identities and is also obliged to inform the market.

[masurenguy] 06/11/2011 19:06

An offshore individual or corporate vehicle cannot be compelled to comply with AIM rules since it is outside UK jurisdiction. How do you think you can enforce compliance on an offshore based shareholder who does not want to report a share transaction to the company ?

[goliard] 06/11/2011 17:12

Measurenguy, surely an offshore vehicle still has to comply with reporting rules within the relevant jurisdiction? I didn't think they had any choice. We could do with some serious stake building here, so let's hope it's a prelude to something else.

[puku] 05/11/2011 15:40

I was attracted to these on their potential. as I posted last year I work in education sector where funding is being cut but not as badly as some sectors. L.A.'s are looking for savings and Sabien is in the right area - with sizeable contracts . Still holding and topped up below 30p.

[masurenguy] 05/11/2011 13:14

No problem. I assume some internal review or event just prompted SE Global to update Sabien.
They've not reported a specific transaction - only a statement of their current shareholding

[joesoap3] 05/11/2011 13:04

MAS,

Thanks for that and apologies for criticising your typing. It was just that both statements ( above and RNS )said 10.49% so the typing error must be with the website

So basically this is a sort of non-announcement in that it is nothing new but just belatedly confirming a situation that has been in place for 4 mths or so.

[masurenguy] 05/11/2011 07:58

The shareholders list came from their website and there was no typing error. SE Global is an offshore investor and outside the jurisdiction of the compulsory reporting rules for a qualifying holding in a UK
listed company. Any reporting of their holding will have been a voluntary compliance with the AIM rules.

The only prior announcement relating to their holding was made 2 years ago when they advised the company that they had a shareholding of 3,375,000 shares, which represented a 12.7% holding at that time. However, that was prior to the placing undertaken in the following month that would have diluted
them to 10.71%. I would assume that they have only recently updated Sabien on their current holding since they have obviously sold 71,667 shares at some time prior to 30th June 2011.

[joesoap3] 04/11/2011 20:19

MAS, Not quite sure I understand that. According to your list of holdings above, they held exactly that on 30 June 2011, ( I think you may have mistyped 3,303,333 instead of 3,033,333) - so have they sold some and bought exactly the same in the interim period as they still own 10.49%.

PS I am also guilty of mistyping in my last entry but have corrected it now !!!

[masurenguy] 04/11/2011 16:42

RNS Number: 5429R
Sabien Technology Group PLC
04 November 2011

Holding(s) in company

Sabien (AIM: SNT) announces that SE Global S.A. holds 3,033,333 ordinary shares of 5p each representing 10.49% of the Company's issued share capital.

[joesoap3] 03/11/2011 16:59

Interesting day today. 466,000 shares and despite what ADVFN shows, I'm sure they were buys. Over the last 3 weeks any sells have been at 28 and 27p but there was 75000 in buys at 30p.

After these trades, the buy went up to 31.96, so thankfully it looks as though this is a buyer who today has bought 1.5% of the company.

Let us hope more people start to buy

[masurenguy] 07/10/2011 11:57

The company already has a substantial client base. "We have a high quality customer base which includes many local authorities and blue-chip private and large public companies." RNS 3 Oct 2011 The sales pipeline at the year end (June 11) was £7.7m which was 120% up on the previous year.

The real key here is the conversion of sales pipeline into firm orders and scheduled installations. In the first 3 months of this new fiscal year they have already received £1.15m in new orders, which is slightly ahead of the total sales for the whole of the first half of last year. This represents tremendous progress when you consider that that last years H1 sales were 258% up the first half of the previous year.

The main reason that the share price has not really moved on the recent news is twofold. First, the lagging fundamentals are still rather stretched when you consider that the historic PER is circa 35 and the EV/R is around 30. If they can continue at this rate of growth and double sales to £4m this year then the eps could be circa 3.3p/3.5p which would put them on a much more reasonable current PER projection of around 9. Secondly, we are in a very volatile market at the moment and small caps tend to be hit by a combination of the flight to safety into dividend paying large caps or investors just reducing exposure or exiting the market altogether. This particularly hits small caps where the shareholders are mostly private investors.

[goliard] 07/10/2011 09:15

Completely agree Joe. Increasing the client base is key to growth here. At least it is a positive RNS.

[joesoap3] 07/10/2011 08:17

Agreed but I would also like to see some contracts with new clients. the results have had very liittle impact on the share price, I am just hoping for a bit of press coverage at the weekend. Quite often the Mail on Sunday do updates on their previous tips but until buyers appear, this will go nowhere it appears. ( The share sale this morning was, I think, a buy not a sell, so that's a start!!!!

[goliard] 07/10/2011 07:57

Very good contract win. Represents a large part of this year's revenue booked already.

[goliard] 03/10/2011 07:38

PS I wonder if we will see a dividend over the next couple of years? Maybe not for this year, but quite possibly next. That will really help the share to get noticed.

[goliard] 03/10/2011 07:29

Excellent results. Cash + receivables - debts of about £1.3m and business growing fast again this year. PE high is you look at this year, but going forward this is looking like a sustainable and scalable business. I would really hope to see 20% or more onto the share price today... But let's see!

[masurenguy] 03/10/2011 07:08

Excellent progress !

RNS Number : 3513P
Sabien Technology Group PLC
03 October 2011

Preliminary results for the year to 30 June 2011

· Sales for the year up 114% to £2.09m from £0.97m

· Post-tax profits of £0.23m compared with a loss after tax of £0.34m in 2010

· Notable contract wins in the 12 months included: London Borough of Greenwich; Monteray: British Telecom; Norland/Integral: Lloyds Banking Group; Corrigenda: Hampshire County Council; Cofely: Royal Botanical Gardens Kew; Lincolnshire County Council

· Sales from indirect partners increased by 148% to £0.38m from £0.15m in 2010 representing 18% of total sales revenue

· Greffen Systems, Inc.: Sabien's US Distributor placed orders for £0.3m

· Net cash balance at 30 June 2011 was £1.03m (2010: £0.96m)

· Sales pipeline of £7.7m at 30 June 2011 up from £3.5m at 30 June 2010

· In May 2011, Sabien was awarded the Jones Lang LaSalle's inaugural Supplier of Distinction Award for Energy & Sustainability

· Appointment of Dr Martin Blake to the Board

Highlights since the year end

· Sales orders received since 1 July 2011 total £0.8m, an increase of 38% over the same period last year

· Growing sales pipeline currently standing at c.£8.3m which includes over 100 blue chip private and public sector multi-site organisations

Outlook

Looking ahead, our Company has never been stronger or better positioned to capitalise on the increasing demand for our proven energy efficiency technologies. The Group has made a good start to the new financial year and since 1 July 2011 has received purchase orders totalling £0.8m, an increase of 38% over the same period last year, all of which will be recognised as revenue in the first half of the current financial year. The size of our business pipeline at c.£8.3m is at a record level. We have a high quality customer base which includes many local authorities and blue-chip private and large public companies. These facts plus the level of orders received, which represent to a large extent initial phases of roll-out and which should generate significant future revenues, along with a well-controlled cost base, all enable the Directors to feel very confident about the future.

[masurenguy] 16/9/2011 15:44

Sabien is a very illiquid share. Over the past two weeks the share price has fallen almost 20% (35p - 29p) on a volume of circa 250,000 or just under 1% of the shares in issue.

If there are a few sellers and no buyers the MMs will quickly move the price down. Of course the reverse applies when a few buyers appear. The year end trading update was good and they have also landed a couple of valuable contracts with BT recently. I'm very happy to hold and may look to add further in due course if the price remains sub 30p.

[joesoap3] 16/9/2011 12:37

I think the explanation is simple, some one or some people are persitently selling this and nobody is buying. I'm not even sure that the 50000 buy is actually a buy.

This occasional but persistent seller is the reason for the fall. As I said earlier, I am surprised it had held up so well given the amount of shares sold but brokers will only do that for so long.

It is a pity that we have to wait until beginning of October for the results to 30 June but I can only hope that any positive update is picked up by the media and raise interest a bit.

[puku] 16/9/2011 11:50

no explanation for sudden drop when it had held up well.

[masurenguy] 12/9/2011 07:40

Another new order from Monteray under the existing BT contract, with the anticipation of a further order to follow. Cumulative value of existing orders under this contract now represents circa 30% of last years sales.
RNS Number : 0039O
Sabien Technology Group PLC
12 September 2011

New Contract Win

Sabien, the manufacturer and supplier of M2G, a patented energy efficiency technology, is pleased to announce it has received a further order from Monteray Ltd ("Monteray") for £260,250 for M2G installations within the BT Group plc estate. The total value of the three orders received since the start of our new financial period now stands at £650,625. Under this contract the company is anticipating receiving a further order and will update the market as and when it is appropriate do so. The orders received to date will be recognised as sales revenue during the current financial year to 30 June 2012.

[exmooroil] 25/8/2011 07:56

That's a much more sizeable contract. Progress is slow but solid.

[thechamp] 16/8/2011 18:50

More news today supporting the macroeconomic conditions in the UK that will drive demand for Sabien technology.

Npower putting up energy prices.

[joesoap3] 11/8/2011 19:40

The share price will never move up until people start buying. All we have had for months is odd small sales. In fact, with the consistent small sales, I'm surprised it hasn't fallen more towards 30p.