Sabien Technology Group (SNT)

Sector:

Electronic and Electrical Equipment

Index:

FTSE AIM All-Share

 NULL
   
  • Closing Price Chg:
      0.000p
  • 52 Week High: NULL
  • 52 Week Low: 7.00p
  • Currency: UK Pounds
  • Shares Issued: 26.79m
  • Volume: 0
  • RiskGrade: 6,154
  • Beta: 0.03

Sabien Technology awarded another UK government contract

By Josh White

Date: Monday 11 Apr 2022

LONDON (ShareCast) - (Sharecast News) - Heating, cooling and transport technology company Sabien has been awarded a further contract by a UK government department, it announced on Monday, worth £0.26m.
The AIM-traded firm said the contract was for the extended deployment of its 'M2G' boiler optimisation technology across multiple sites throughout the UK, in support of a "major project".

It said it was the second half of the order announced on 25 March, which would be implemented with a different facilities manager partner.

A minimum of £0.2m of the order would be recognised in the 2022 financial year.

The company said the latest order increased its forward orders for M2G to 229 cloud devices to-be-installed.

Of those devices, the majority of the revenue had either been invoiced, or would be invoiced during 2022.

The board said the timing of the associated installation and cloud services revenue of around £0.12m was not yet finalised, but would be recognised in the 2022 and 2023 financial years.

Sabien said its net cash balance was currently £0.63m, not including any funds from the latest order.

Since the interim accounts were announced on 31 March, there had been "no further movement" on the related party loan from Parris Group, which remains at £0.1m.

"This further contract award re-confirms the confidence placed in the M2G Cloud device by a major UK government department," said executive chairman Richard Parris.

"At times of rapidly increasing gas prices, Sabien Cloud delivers significant, easy to install savings, visible in real time through the intuitive M2G Cloud dashboard."

At 1331 BST, shares in Sabien Technology Group were up 0.3% at 16.8p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

SNT Market Data

Currency UK Pounds
Share Price NULL
Closing Price Change 0.000p
% Change 0.00 %
52 Week High NULL
52 Week Low 7.00p
Volume 0
Shares Issued 26.79m
Beta 0.03
RiskGrade 6,154

SNT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
71.58% below the market average71.58% below the market average71.58% below the market average71.58% below the market average71.58% below the market average
39.39% below the sector average39.39% below the sector average39.39% below the sector average39.39% below the sector average39.39% below the sector average
Price Trend
64.09% below the market average64.09% below the market average64.09% below the market average64.09% below the market average64.09% below the market average
31.43% below the sector average31.43% below the sector average31.43% below the sector average31.43% below the sector average31.43% below the sector average
Income Not Available
Growth
29.87% below the market average29.87% below the market average29.87% below the market average29.87% below the market average29.87% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average

SNT Dividends

  Latest Previous
  Interim Final
Ex-Div n/a 30-Oct-14
Paid n/a 28-Nov-14
Amount 0.000p 0.28p

Trades for --2025

Time Volume / Share Price
0 @ 0.000p

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