Sabien Technology Share Discussion Threads

[pj 1] 18/7/2012 08:27

Mas, I have a manufacturing background but not in engineering. Whilst the Sales pipeline gives a feeling of security, some would see it as Cash that could be in the bank (similar to Work In Progress). Whilst these pipeline Sales are not contractually agreed any predator could see it as ''free'' value and firestorm that part of the business.
Just my thoughts not a criticism of the Company. What would happen if the pipeline doubled (as it may well do!)?
Wondering if the Company is sublimely inviting offers?

[qvg] 18/7/2012 08:24

Masurenguy,
Thank you for that. Must go to work, so will read, digest, and reply in full later. But for now, I will only note that the chart at the top of this page seems to say that Mr Market found it disappointing too.

[masurenguy] 18/7/2012 08:12

"Another year, another disappointing year end trading statement from Sabien."

What on earth are you talking about ! Last year their sales doubled and they moved from annual losses to profit for the very first time, so how can that be classified as a 'disappointing' year end trading statement.

This year has seen a more modest growth in topline sales but a significant increase in profit. There is nothing negative in the direct/indirect sales ratio either. This was always envisaged as the company deliberately focused their attention on developing sales via their distribution network rather than
significantly adding to their own staffing levels and correspondingly increasing their own overhead.
This is why profits and net cash have significantly increased and the indirect sales channel will continue
to be the major engine of their sales growth, in the UK and especially overseas, in the future.
Consequently the future increase in sales will have an even more positive impact upon their bottom line.

The sales pipeline can sometimes be a bit lumpy as can invoiced sales. At the year end it was 18% up on last year and also represented over three and a half years times the current annual sales ! How many other companies do you know who have such substantial forward sales visability ? If you also want to know what the sales pipeline actually represemts then just checkout post #18 on this thread.

[qvg] 18/7/2012 06:46

Another year, another disappointing year end trading statement from Sabien.

Of course there are positives:
Profit is up 32%
Cash conversion looks good – cash up 0.37 on 0.25 pre tax profit.

But for me there are some worrying negatives hidden in the statement:
Direct sales have fallen from 1.7 to 1.4
And despite their enthusiasm on a pipeline of 9.1 up from 7.7 last year end, when I look back I see it is down on the figure of 9.5 at 31/12/11.

On the subject of the pipeline, does anybody know why it takes so long to convert to sales? Is there a delivery issue, or is it delayed orders, or are the numbers they quote just indications of likely future orders rather than confirmed orders?

[pj 1] 17/7/2012 13:26

Current tenders could double Revenues. That's why I'm holding and adding slowly. Larger companies/ under mounting pressure to reduce Carbon footprint.

Could be bought by existing Maintainence / Services Company.

Too many positives to ignore.

DYOR

PJ

[puku] 17/7/2012 13:20

down again to my "target" price of 40 p to buy back in but not tempted at moment. Trading well but not explosive growth - Mas shows eps 1p so rougth p/e 40 - much too high in present climate.

[masurenguy] 10/7/2012 14:52

They still have circa £1.7m in prior years tax losses to carry forward so pre-tax should more or less translate into post-tax profit. This should produce eps of circa 1p.

[pj 1] 10/7/2012 14:29

Mas, Thanks nothing showing on my ADVFN. Any guess at eps? Thanks PJ

[pj 1] 27/6/2012 08:36

Times ad, extracted

''Your Carbon Footprint will be made Public from April 2013

www.carbontrust.com/about-us/press/2012/02/efficient-use-of-boilers-could-save-400million

''700 of our customers (Carbon Trust's) have already footprinted their operations and reduced their costs'' '' We have worked with over 35000 organisations, including 75% of the FTSE100, reducing their costs by £4.5 bn''

No direct mention of SNT I can see but pressure being applied to Companies

Aopls if old news....PJ

[masurenguy] 14/6/2012 14:45

Another 8% rise today on a volume of just 24,500. We've now seen the price rise by 25% since the
market opened yesterday morning on a trading volume of less than 80,000 shares, which is just 0.3%
of the shares in issue. I'm still wondering whether this has been tipped somewhere this week.

[andrbea] 13/6/2012 16:00

snt 16%
13/06/2012 15:22:54 SNT 52.00 O 10,000
13/06/2012 14:02:56 SNT 50.00 O 5,000
13/06/2012 09:12:42 SNT 48.00 O 5,000
13/06/2012 09:04:24 SNT 48.00 O 4,303
13/06/2012 08:48:14 SNT 46.90 O 4,200

[masurenguy] 13/6/2012 15:44

Sabien hiring !

[masurenguy] 13/6/2012 15:18

Nice to see SNT at number 11 (up 12.6%) on the Gainers Board today. Although a volume of 37,000 shares is minimal, it is more than has been traded over the past 3 weeks. Therefore, I wonder whether
SNT has been tipped somewhere yesterday or today !

[pj 1] 13/6/2012 09:46

I'm in shock, usually my shares fall after investing. Maybe i've timed this right for a change

[masurenguy] 13/6/2012 09:30

Just goes to show the impact only half a dozen small buys (totalling 32,000 shares) can have on the price !

[pj 1] 13/6/2012 08:52

FYI, much easier t get hold of today, 7k worth almost straight away. Took all day Monday for 3k worth. Had to pay big spread though

[masurenguy] 11/6/2012 22:58

The shareprice shot up during February and more than doubled to 66p by early March, largely on the back of some favourable press coverage in The Sunday Times and a couple of trade/investment publications. At that level it put them on a prospective PE in the mid thirties which was far to rich to be sustained and as a result the shareprice has drifted back down into the mid forties which provides a more realistic valuation in the current market climate.

Due to the illiquidity of the shares the price can move on very small volumes. The average daily trading volume during the last 3 months has only been circa 16,500 and yet we've seen the shareprice move by circa 33% during that period. Their are 9 shareholders who collectively hold 86% of shares in the company. Since there has been no dilution via fundraising since they raised £4m in equity and loans on listing in December 2006, the availability of shares remains limited and you need to add in small quantities when there is little activity and some shares become available. At the moment a buyer will pay the full Offer price, as you discovered today, whilst any seller will obtain a slight premium on the Bid.

[pj 1] 11/6/2012 17:06

Thanks Mas. Managed to get 5000. I wonder why the share price has fallen when they are so illiquid and almost impossible to get hold off.........

[masurenguy] 11/6/2012 13:47

The shares are tightly held here. You might have more success phoning your broker and getting them to seek out a seller than just trying to buy online.

[pj 1] 11/6/2012 13:38

Been trying to add 11k shares all morning. No luck yet!!!

[andrbea] 11/6/2012 13:11

June 8

One exhibitor among the 150 at this year's event will be demonstrating how finer control of boiler plant can help to meet all efficiency requirements.

Geoff Newman, of Sabien Technology, says: 'It is now imperative to gain further control by fine-tuning individual plant within a commercial property to mitigate rising energy costs and increasing legislation. It is common place to find a BMS optimising the building energy requirements, however it is not typically optimising the individual plant i. So there can be times when a building's energy performance can benefit from enhancing the operation of individual plant such as the boilers, perhaps by retrofitting additional controls that address specific areas of energy consumption. Boiler dry cycling is an inherent problem found in commercial boilers regardless of the age and size of the boiler and sophisticated controls which are already in place. The consequence of boiler dry cycling is unnecessary energy consumption and carbon emissions'.

All boilers, regardless of age and size, lose heat to the surrounding area, for example through the boiler casing and in some cases the flue – this is known as standing losses. The boiler will stop firing once it has reached set point; the preset temperature to deliver the required heating load to the building or application. However, the standing losses will continue and the boiler will fire to simply replace the standing losses even when the building or application requires no heat, therefore unnecessary energy costs and carbon emissions.

Boiler dry cycling is a common place problem which often goes unnoticed - either because the building operator/energy manager is unaware of what boiler dry cycling is or presumes that the existing controls such as the Building Management Systems (BMS), weather compensation and boiler sequencing are preventing boiler dry cycling– however this is not typically the case. 'Boiler dry cycling can be addressed by the latest generation of boiler load optimisation control' added Newman.

Making sense of the many innovations in the current market and central to this year's event are the four conference theatres delivering market insight and thought leadership from industry figures and high profile personalities. And, with global brands delivering their own case studies and informative seminars, the exhibition will once again be a hub of learning, networking and business opportunities.