Servelec Share Discussion Threads

[pugugly] 09/8/2007 09:04

SG:> AGREED - Looks like another product brought to market which which has not been developed sufficiently to a robust market ready product.

I have never investd in this company but keep a list of similar disasters just to look at when I get the urge to invest in a fancy new technology which is going to disrupt the existing market - The real success stories are very few and far between. Time to market and cash burn are usually many multipes of the original projections and even then more than 50% fail completely.

[smashingguy] 09/8/2007 08:44

And there we have it, a 65% plunge in share price already

"It is anticipated that the Company will need to raise additional equity finance
prior to December 2007 to fund future working capital requirements.

"


Cant see many wanting to invest when the business plan is flawed, weel to me anyways

[smashingguy] 01/8/2007 17:29

What is the monthly burn? How much cash is left? Do the math. not hard

Another disaster waiting to happen by the looks of it

[pugugly] 01/8/2007 17:21

Anyone still following this one - Just had a look at the accounts and web site.

accounts seem a disaster (imo & dyor) OK I know it is a start-up but virtually no sales and no real indication of a sales build in subsequent announcements.

So far as the web site is concerned No sales grab - Lots of flashy graphics but that is about all -

Maybe I am being too harsh but a first year trainee salesman with any major manufacturer could in my expert opinion of selling (over 30years) do a better job.

Anyone like to defend the company?

I cannot make an assessment as to investment value - Anyone like to have a go at it?

[learntlesson] 30/4/2007 20:45

Perhaps now?

[approach3] 29/3/2007 08:38

Directors showing confidence. Hopefully a good sign.

[learntlesson] 28/2/2007 11:58

Entry time anybody??

[holgerl] 17/10/2006 20:12

ANOTHER AIM DISASYER

[kumpfson] 11/9/2006 15:13

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[qalbabbass] 11/9/2006 14:49

I think this is a good company but needs to produce some results before any buying occurs. I will keep an eye on this but not buy yet.

Q

[qalbabbass] 10/9/2006 10:15

The bottom for this probably will be triggered with a director buy

Q

[yinyang42] 31/5/2006 07:54

surprised still over placing price i nthis market

[masurenguy] 23/5/2006 14:26

"sales £164,000 last year, market cap £30m. ouch"

Consequently this has gone down as quickly as it went up !

[frances2] 21/5/2006 11:12

sales £164,000 last year, market cap £30m. ouch

[5carface] 20/4/2006 11:21

I totally agree with mr coox, definately for the long term. Get in now , still a good price if in for a long term investment. Adios amigos

[coox] 20/4/2006 10:28

a nice RNS, and I expect similar contracts to keep coming along throughout the year....a few biggies would be nice!

Korean Agreement


RNS Number:7217B
Servocell Group PLC
20 April 2006


SERVOCELL GROUP ("THE GROUP " or "THE COMPANY")

Servocell develops proprietary devices under the Active Latch brand that can
control the movement or motion of mechanisms, such as locks, with low energy
inputs


Servocell Group is pleased to announce that it has entered into an agreement
with Passtech, one of Korea's leading RFID lock makers.

Under this agreement, Servocell will provide Passtech with technical support to
facilitate the development and manufacturing of a Radio Frequency Identification
(RFID) controlled Active Latch operated lock for the Korean market. Passtech
will have an exclusive license for the use of Active Latch in RFID products
within Korea, as well as reseller rights to other manufacturers.

Passtech, which will become one of Servocell's ProActive partners, expects mass
production of its new product to begin in October 2006.

Under the terms of the agreement, exclusivity will be extended beyond an initial
eighteen period if Passtech successfully launches its Active Latch based RFID
product before the end of 2006 and purchases a minimum of 30,000 Active Latches
during the initial eighteen month period. Passtech have entered into this
arrangement because they are confident of exceeding this requirement.


Simon Powell, CEO of Servocell commented:-

"I am delighted that we are working with Passtech, which is a new client win
post our recent successful flotation. This contract endorses the strength of our
technology as well as indicates the growing awareness of the Active Latch
solution. Korea is an important market because it is a centre of excellence for
advanced access control, as well as a burgeoning domestic market for such
technology. The Passtech deal is another step in our promotion of the benefits
of Active Latch applications to Global lock manufacturers and I look forward to
updating shareholders on further progress in due course"

[coox] 16/4/2006 14:31

One for the long term me thinks.

SERV should make some inroads in the electromechanical locks market which I believe represents 25% of the global locks market, which is worth approximately $30 billion.

They can also retro-fit their devices to existing mechanical locks.

Due to the versatility of their piezo actuators, other prospective sectors (biometrics, RFID which I believe will be a part of everyones life in the future) are showing interest in SERV products so bodes well.

So a lot of potential, and a lot of markets to exploit but will take time to get there.

As a footnote, one contract from a major player could justify the current m/cap (speculative) - i'd expect these to move again when news is announced.
The illiquidity of the share may be advantageous to current holders as positive news will promptly push the share price further north.

[badday] 16/4/2006 13:14

Here's the Aim prospectus. I won't be investing as i was too slow off the mark. At £30m+ there looks to be an awful lot priced in.

[masurenguy] 16/4/2006 12:39

Leap of faith, in the future potential of this innovative new technology, is required at this heady price after the company reported sales of £164K and losses of £1.7m in 2005. Current share price of 95p (13/4/06) represents a 76% premium to the listing price of 54p in just 3 weeks and gives the company a market cap of circa £23m.

Liquidity may be a problem with only a 30% float.

What's your take on this LearntLesson ?

[learntlesson] 13/4/2006 17:27

Interesting - the boat may be a tad missed - but this deserves further research..........