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SRS SR EUR Inv.S

0.255
0.00 (0.00%)
18 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
SR EUR Inv.S LSE:SRS London Ordinary Share GB00B1TF5P23 SUB SHS 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.255 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.255 GBX

SR EUR Inv.S (SRS) Latest News

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SR EUR Inv.S (SRS) Discussions and Chat

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SR EUR Inv.S (SRS) Top Chat Posts

Top Posts
Posted at 27/6/2001 11:49 by mattbott
One of the fundemental concepts of successful business is the the weight on incentives for the employer not necessarily the salary. The Directors of srs are being pressured on warrant incentives for the future which means it is totally in the Directors interests on making the company profitable.

Note:

These warrants will be exercisable at 5 pence between 18 and 36 months from
the date of the grant, subject to the achievement of certain business
objectives. The company will also issue 3,000,000 warrants to Changuiz
Nazarbaghi, who has been instrumental in raising additional funds and in the
further development of the company.

......This is why I have faith in SRS.
Posted at 26/6/2001 12:24 by m.t.glass
So this is a company which is moving into a totally different field where its intended customers already have systems of their own in place, and haven't dealt with SRS before. It doesn't yet have a product or even the design for one, and is at the "we are putting together a team" stage (ie we're still doing interviews) and hopes to have something it can market in a year or two?

Meanwhile it's selling off a big part of whatever it used to do and presumably putting the proceeds into this new venture.

So which bit of all this makes it an irresistible buy rather than a totally speculative punt?
Posted at 25/6/2001 07:29 by gerard j
Expect confirmation(already announced on UK-Invest) that the Oil fields are being floated on the Ofex.
SRS to retain a share of the new company.
Should be worth 2 or 3 few pence.
Posted at 22/6/2001 14:30 by benster
Erroll, Mattbott did say yesterday that 'It would go down in the next few days' just like QXL did after the results so that the rampers/day traders can get out the way. But they are moving into a new area and virgin territory with regards to that echo technology stuff. If that comes off SRS could be worth a serious punt. Add to that the income from their energy exploits, then this company should be a good medium term investment, IMHO of course.
Posted at 21/6/2001 14:27 by mattbott
srs will take a short hit over the next couple of days as the rampers get out and then we will see a move on the increase.
Posted at 21/6/2001 14:25 by mattbott
nothing if you don't mind holding a while. however, srs are going to go up in the short term.
Posted at 21/6/2001 07:18 by gerard j
Investor's week, this morning:
STARTUP STATION(SRS) confirmed a rumour published in Investor's week last weekthat it was to concentrate on the development of digital technology for use in mobile phones. A specialist engineering team has been recruited wich will work on hardware-independent echo cancelletion software- that is, on ways to end the echo heard on mobile phones. In a statement the £3.15(now £4m) company said that it believed the quality of telephony was an 'important objective in the telecom. industry' and that approx $1bn a year is spent attempting to remove interference from telephone calls. It has lost investors 33% of their investment over 12months.(now in profits)

DYOR.
Posted at 20/6/2001 21:54 by gerard j
colinscarr, read this:

There could be a little gem waiting to emerge from a small and oddly named company called Startup Station, writes Joanne Wallen.

The AIM-quoted company (SRS) was formerly listed on the main London market and known as Dominion Energy, an oil exploration business with assets of around $11 million.

With depressed oil prices it was unable to raise the money it needed to expand in the US, and last April changed its name and moved down to AIM, with a view to investing in technology.

Investments to date have not borne much fruit, but the company has just sealed negotiations it has been pursuing since January to take on a four-strong team of telecoms industry experts that own between them several patents and expertise in a technology known as ‘echo cancellation’, as well as voice recognition and other emerging technologies.

Echo cancellation is technology that cancels out background noise or echoes that are caused on traditional copper wire telephone lines, particularly when they take a digital feed from cable or satellite. The team has developed a software and chip alternative to what previously required space consuming, heat generating hardware. The technology will come into its own particularly for the provision of broadband services such as DSL (digital subscriber line), which uses copper wires for the last mile into homes or businesses.

Chairman Masoud Alikhani told Citywire: ‘A lot of the big companies that have been working on echo cancellation software have run out of money or laid people off, and are looking at outsourcing the development’.

He said major companies such as Nortel, which has laid off large numbers of staff, have spent so much money developing Internet technologies and no longer have the resources for systems like echo cancellation.

‘The technology is still in demand though, and we have finally concluded negotiations to take on this team of four highly qualified people from the top companies in the sector,’ said Alikhani.

Alikhani said the echo cancellation market is worth around $1 billion, and his ambitious objective is to ‘secure 10% of the traditional $1 billion echo cancellation market within three to five years’.

The team will be led by Dr Masoud Ahmadi and Mr Sedat Zaimi, both of whom are investing £15,000 in Startup at 5p per share. They will also be granted more than 3.8 million warrants exercisable at 5p between 18 months and 36 months from the date of the grant. The company is also placing shares at 5p to raise £280,000 as funds for the new venture.

Startup Station STILL OWNS the oil business at present, but is planning to spin it out and list it separately on Ofex. It will raise funds separately for the business, which will revert to its old name of Dominion Energy, and will be run by a separate board of directors comprising oil engineers. Startup Station will retain a stake in this business.

Alikhani said Startup Station will look to develop other technologies but will focus on the telecoms sector. He said that even though the sector as a whole has had its set-backs, this sort of technology is still in demand, and a small company with no legacy is in a strong position to fulfil that demand.

‘We are very excited. The people we are taking on own lots of patents’.

Startup Station’s financial year ends this month. Alikhani said the new business is not likely to generate revenues until next year.

Shares are currently up 0.25p at just 3.5p, valuing the company at just more than £2.5 million. Bearing in mind the volatility of the technology sector, and in particular the telecoms market, this company looks like it could have something very interesting to offer in the coming year or so and should be worth a punt at this price.

What do you think now?
Posted at 20/6/2001 16:56 by gerard j
The story is worth reading.
Startup Station has echoes of success
There could be a little gem waiting to emerge from a small and oddly named company called Startup Station, writes Joanne Wallen.

The AIM-quoted company (SRS) was formerly listed on the main London market and known as Dominion Energy, an oil exploration business with assets of around $11 million.

With depressed oil prices it was unable to raise the money it needed to expand in the US, and last April changed its name and moved down to AIM, with a view to investing in technology.

Investments to date have not borne much fruit, but the company has just sealed negotiations it has been pursuing since January to take on a four-strong team of telecoms industry experts that own between them several patents and expertise in a technology known as ‘echo cancellation’, as well as voice recognition and other emerging technologies.

Echo cancellation is technology that cancels out background noise or echoes that are caused on traditional copper wire telephone lines, particularly when they take a digital feed from cable or satellite. The team has developed a software and chip alternative to what previously required space consuming, heat generating hardware. The technology will come into its own particularly for the provision of broadband services such as DSL (digital subscriber line), which uses copper wires for the last mile into homes or businesses.

Chairman Masoud Alikhani told Citywire: ‘A lot of the big companies that have been working on echo cancellation software have run out of money or laid people off, and are looking at outsourcing the development’.

He said major companies such as Nortel, which has laid off large numbers of staff, have spent so much money developing Internet technologies and no longer have the resources for systems like echo cancellation.

‘The technology is still in demand though, and we have finally concluded negotiations to take on this team of four highly qualified people from the top companies in the sector,’ said Alikhani.

Alikhani said the echo cancellation market is worth around $1 billion, and his ambitious objective is to ‘secure 10% of the traditional $1 billion echo cancellation market within three to five years’.

The team will be led by Dr Masoud Ahmadi and Mr Sedat Zaimi, both of whom are investing £15,000 in Startup at 5p per share. They will also be granted more than 3.8 million warrants exercisable at 5p between 18 months and 36 months from the date of the grant.

The company is also placing shares at 5p to raise £280,000 as funds for the new venture.

Startup Station STILL OWNS THE OIL BUSINESS AT PRESENT, but is planning to spin it out and list it separately on Ofex. It will raise funds separately for the business, which will revert to its old name of Dominion Energy, and will be run by a separate board of directors comprising oil engineers. Startup Station will retain a stake in this business.

Alikhani said Startup Station will look to develop other technologies but will focus on the telecoms sector. He said that even though the sector as a whole has had its set-backs, this sort of technology is still in demand, and a small company with no legacy is in a strong position to fulfil that demand.

‘We are very excited. The people we are taking on own lots of patents’.

Startup Station’s financial year ends this month. Alikhani said the new business is not likely to generate revenues until next year.

Shares are currently up 0.25p at just 3.5p, valuing the company at just more than £2.5 million. Bearing in mind the volatility of the technology sector, and in particular the telecoms market, this company looks like it could have something very interesting to offer in the coming year or so and should be worth a punt at this price.
Posted at 20/6/2001 15:29 by mattbott
I have every faith in this company. The oil and gas market in the USA is the place to be for a proven growth market. The 2 competitors of SRS are Norther Petroleum at £2.25 per share and Lasmo Opsus Oil at 39.5. The leadership of SRS has now completed change and the direction is steadfast. The future is bright with SRS!!!!!!!
I believe we are looking at 10 p by the end of the week and 20p within a month!
SR EUR Inv.S share price data is direct from the London Stock Exchange

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