Pipehawk (PIP)

Sector:

Electronic and Electrical Equipment

Index:

FTSE AIM All-Share

5.50p
   
  • Change Today:
    -0.75p
  • 52 Week High: 13.50
  • 52 Week Low: 5.50
  • Currency: UK Pounds
  • Shares Issued: 36.31m
  • Volume: 323,907
  • Market Cap: £2.00m
  • RiskGrade: 185

PipeHawk subsidiary wins £1m contract

By Josh White

Date: Monday 12 Sep 2022

LONDON (ShareCast) - (Sharecast News) - PipeHawk announced on Monday that one of its main subsidiaries, QM Systems, has been awarded a contract by RCR Flooring Products to deliver a manufacturing system for a floor jointing system.
The AIM-traded firm said the contract would make use of "the latest automation technology" to provide a turnkey solution for the manufacture of a floor joint system.

It described RCR as an international group that supplies integrated floor services, ranging from design to construction.

The contract would generate around £1m of revenue for QM, with approximately one third of that to be paid immediately, and the remainder over the duration of the contract.

It expected that work would start immediately, with delivery expected within the next 12 months.

"This contract further expands QM's offering in the fields of building construction, in particular groundwork solutions," said PipeHawk chairman Gordon Watt.

"We believe this contract presents a great opportunity for QM to further develop its project-based business within the building services sector."

At 0800 BST, shares in PipeHawk were up 15.38% at 15p.

Reporting by Josh White at Sharecast.com.

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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.

 

Pipehawk Market Data

Currency UK Pounds
Share Price 5.50p
Change Today -0.75p
% Change -12.00 %
52 Week High 13.50
52 Week Low 5.50
Volume 323,907
Shares Issued 36.31m
Market Cap £2.00m
RiskGrade 185

Pipehawk Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
9.66% below the market average9.66% below the market average9.66% below the market average9.66% below the market average9.66% below the market average
11.76% above the sector average11.76% above the sector average11.76% above the sector average11.76% above the sector average11.76% above the sector average
Price Trend
87.43% below the market average87.43% below the market average87.43% below the market average87.43% below the market average87.43% below the market average
84.62% below the sector average84.62% below the sector average84.62% below the sector average84.62% below the sector average84.62% below the sector average
Income Not Available
Growth
72.79% below the market average72.79% below the market average72.79% below the market average72.79% below the market average72.79% below the market average
82.35% below the sector average82.35% below the sector average82.35% below the sector average82.35% below the sector average82.35% below the sector average

Pipehawk Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
14:43 150,000 @ 5.50p
14:47 22,000 @ 5.75p
14:42 25,000 @ 5.50p
14:00 25,000 @ 6.00p
14:00 25,000 @ 6.00p

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