Good morning and Happy Friday!
Thanks for the suggestions, I won’t be able to cover all of them but will see how far I get. It’s a surprisingly busy end to the week.
Best,
GrahamIndigovision (LON:IND)Share price: 116p (-29%)No. of shares: 7.6 millionMarket cap: £9 millionTrading Update and Board ChangesThis falls below our cut-off minimum market cap as sadly it is another profit warning for this Scottish manufacturer of security systems (CCTV).The stock has seen many false dawns over the years and confirms today that it will make an operating loss for 2017 with the following expectations:Revenues in the region of $41-$43 million (GN note: this compares to $46 million in 2016, $47 million in 2015). The Middle East “has experienced more difficult trading conditions, with unforeseen delays in securing a number of large contracts”.Gross margins “likely to be a little ahead of those achieved last year”, but total overheads “around 5% higher, due principally to the investment in the US”.Current cash balances of $2.5 million and undrawn bank facilities of $4 million.The CEO leaves after 14 years with the company, six of them as CEO.My opinion – I haven’t got…
Disclaimer: Please note all prices are for information only, they should not be relied upon for accuracy or trading. All prices quotes are based on CFD prices and are similar though not always identical to real exchange prices. STOCKTRKR or anybody connected with STOCKTRKR will not accept any liability for loss or damage arising from use of any information/commentary/charts or articles which is provided 'as is' for educational purposes only, nothing contained on this website should be considered as investment advice - please seek proper investment advice from registered financial broker or institution if you wish to trade on global markets and ensure you are familiar with the risks.
