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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Scotty Grp | LSE:SCO | London | Ordinary Share | AT0000A0V6L3 | ORD EUR1 (CDI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.45 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
25/9/2013 14:03 | Thanks woodgate3, was there any mention of any potential orders from Diamond. cheers moving up | moving up | |
25/9/2013 12:14 | Scotty AGM today no surprises. Kurt seemed to imply that business conditions had improved but nothing specifically announced. | woodgate3 | |
22/9/2013 20:00 | Well, if he responded, I guess that is something, but it is a sad reflection on how business treats its investors today if we get warmth from an action which only takes 5 minutes....... | minerve | |
20/9/2013 16:41 | At least he bothered to respond... btw: I notice that he is no longer the FD. Instead he is now a non-exec. Can't recall seeing an announcement about this... not that it matters much... E. | abrahe00 | |
20/9/2013 10:20 | If Hugh can present it to one person, why cannot he go to the effort of making it public on their website? It is really poor reflection on Hugh et al when it needs an interested shareholder to present the information on an almost dormant BB thread. I sometimes wonder how these people remain in the positions that they are in. IMHO & DYOR Minerve | minerve | |
18/9/2013 20:41 | I received an informal summary of the P&L and Balance sheet in English from Hugh Edmonds. This is the same information as was published in the final accounts, so it's neither confidential nor price sensitive. I hope Hugh won't feel that I betrayed his trust by making this public. If you're interested, you should be able to see them here: Needless to say, LB1 was broadly correct... The cash position at the end of 2012 was just 75k in the bank! Unless cash flow picked up, I wonder how they've managed to keep things running... E. | abrahe00 | |
17/9/2013 21:58 | Hi Woodgate3 are you able to comment on our dear ladybird1 POST. Would be much appreciated, strange though,but no mention of any potential Diamond orders after all those trials. | moving up | |
16/9/2013 08:36 | Thanks LB1, much appreciated. E. | abrahe00 | |
15/9/2013 18:47 | Scotty Tsquared 10 Sep'13 - 18:20 - 1301 of 1311 0 0 Hey ST2...good to see I am still around... I can translate ------ You used to live there didn't you? | andy | |
15/9/2013 18:07 | Abrahe put shortly the Loss of E2.8m is made up of Income (P&L lines1-4) 4.6 less materials (line 5) (1.9) staff, etc. (line 6) (2.2) other operating (line8)(1.4) Total Operating Costs (5.5) Making Trading Loss (0.9) Interest payable (0.3) Amortisation, etc. (1.6) Loss for year (2.8) ie., the real as opposed to accounting loss is E1.2 million. With the small positives in lines 21-25 the P&L figure in the Balance Sheet goes down from 1.8 positive at 31/12/11 to negative (0.9) at 31/12/12 - at line 28 in the P&L and 'A VI' in the Balance Sheet. Basically, as we all know, it's all down to turnover, ie. contracts won. I was interested enough to plough through PWC's audit qualification, roughly translated below (generally accurately I hope!). Sums up the position very fairly & reflects Management's own comments. As Minerve says, E1.8m won't go all that far, but it is indeed a step change from, effectively, sole dependence on the German armed forces, perhaps increasing SCO's credibility - both with potential customers and potential lenders. Or even a potential buyer of the Company... When they hawked it round the market last time, it had the Bristol office et al as unquantifiable liabilities so the only offer was for the trading bit, leaving the rest with shareholders and effectively damn all net. Now it's clear of the UK & the Company is just the Business. What the business probably needs most is a financially sound player to take it safely forward and able to carry the financial strains of a contract business. I note, in passing, they're no longer exhibiting at the big shows, presumably reflecting poverty. Just a nice thought, anyway...... Audit Comment: 'The business outlook assumes that the budget figures can be met. In parallel, conversations are being managed to obtain additional financing in order to secure the cash position in the medium term. Should there be a failure to meet the budget and also no alternative funding be obtained, there is a significant uncertainty about the continued existence of the company' | ladybird1 | |
15/9/2013 11:38 | I'd have to agree with Minereve. I can't read German but I recognise a minus sign when I see one! Looks like they made a loss of around 3m for 2012. They carried forward about 2.6m profit (not sure from where!) and the net loss for the year was around 360k. Happy to be corrected by anyone with a better grasp of teutonic parlance... E. | abrahe00 | |
14/9/2013 15:33 | Thanks moving up but I don't have any buddies on this thread. 1.8 million will soon go mark my words. Minerve | minerve | |
14/9/2013 12:14 | Scotty will not go bust, as your best buddy has just posted minerve. And by the way Minerve, Scotty has just landed a 1.8 million euro contract,hardly chicken feed give the size of the company!!! | moving up | |
13/9/2013 08:56 | woodgate3, any help regarding abrahe00 post above, thanks moving up. | moving up | |
12/9/2013 22:48 | Well... here we are, no news from Mr Edmunds and I can't find anyone willing to translate over 50 pages of financial info in German! Add to that no liquidity/trade in stock and we're truly snookered! E. | abrahe00 | |
12/9/2013 19:24 | Scotty Tsquared. have you seen that Doctor yet???? | moving up | |
12/9/2013 08:33 | moving up, have you seen the 3 year chart ? | scotty tsquared | |
10/9/2013 21:39 | In so far as I could understand all those terrible compound words and convoluted German grammar, 2012 nearly broke them, they see no imminent possibilities outside Europe and the positive cash flow projections through to 2016 were very dependent on upgrading to the German helicopter fleet coming off. I may well have misunderstood - very happy to be corrected!!. That said, the accounts were signed off by PWC before the NATO announcement. (Did PWC put in a solvency qualification? - I couldn't follow their opinion at all). Anyway, the quite rapturous wording of the announcement perhaps betrays a huge sigh of relief. Certainly the extension from purely German to wider NATO acceptance must be a major milestone & franking of credibility. If they can survive financially (cf. the helicopter upgrade as an underwriting) they may well have a future - or at any rate become an interesting small mouthful for a bigger player, which I suppose is what everyone would like to see.... particularly I, like imagine everyone else, having mentally written down the stock's value to nil. As I say, my German not up to a proper understanding so in no way offended to be told talking rubbish. | ladybird1 | |
10/9/2013 18:20 | Hey ST2...good to see I am still around... I can translate ...... it's what I said years back ...... they will not go bust ..... isn't that right LB1 ? LOL | scotty tsquared | |
09/9/2013 22:38 | Hey LB1... good to see you're still around... I've e-mailed Hugh Edmonds today asking if there is an English translation of the results and failing that, if he can give me the bottom line basic figures on turnover, profit/loss etc. I'll let you know if he gets back to me with anything. E. | abrahe00 | |
09/9/2013 22:32 | moving up yes I hope they do as the present situation is not good at all for shareholders. | apsoo | |
06/9/2013 16:02 | I see the Accounts are loaded on the website. Sadly - Spricht Man Deutsch? Mine isn't up to sensible understanding. | ladybird1 | |
06/9/2013 13:16 | Good point APSOO my Brokers said Scotty could well come back to the Aim market if things go well for the company. | moving up | |
06/9/2013 12:37 | abrahe00 many thanks indeed for your reply. I may open an account with Barclays and deal through them in future. Agree the share price is disappointing, they need to consider a share split. That recent 1.8m contract news would have attracted a lot of interest here on AIM !! | apsoo |
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