Pipehawk (PIP)

Sector:

Electronic and Electrical Equipment

Index:

FTSE AIM All-Share

5.33p
   
  • Change Today:
    -0.92p
  • 52 Week High: 13.50
  • 52 Week Low: 5.33
  • Currency: UK Pounds
  • Shares Issued: 36.31m
  • Volume: 323,907
  • Market Cap: £1.94m
  • RiskGrade: 185

PipeHawk reports 'healthy' order book

By Josh White

Date: Thursday 22 Dec 2022

LONDON (ShareCast) - (Sharecast News) - PipeHawk said in an update on Thursday that its order intake for the year stood at a "healthy" £4.3m, not including the carried-forward order book at the beginning of the financial year, which totalled £2.5m.
The AIM-traded firm, which was holding its annual general meeting, said QM Systems also had a "strong" order pipeline, which it described as "encouraging" for the rest of the current financial period.

Chairman Gordon Watt told shareholders he was "pleased to report" that QM Systems signed a further contract manufacturing agreement with Fast MDx, a UK-based molecular diagnostics company, to deliver a semi-automated low‑cost, high‑throughput, near-patient molecular diagnostic test system.

"This agreement covers the pilot phase and will involve the design and manufacture of the system and the filling of vials on behalf of the customer at the Hartlebury premises," Watt said.

"This is an interesting early-stage project and while revenues will not be material at this stage, QM Systems hopes that this will lead to a larger contract in due course."

The company also reported that the memorandum of understanding signed by Thomson Engineering Design (TED) with Unipart Rail, for Unipart to be the exclusive partner for sales and distribution of TED rail equipment into territories in Europe, Asia, New Zealand, Australia and the Americas, had now been signed as a contract.

"TED has also recently started to do small scale contract manufacturing for a long-established supplier to the rail industry to conduct a small number of mule conversions, with the expectation that this will lead to Toyota Hilux conversions in the second half of the current financial year.

"TED intends to develop this area of its business by developing partnerships outside the rail sector."

At 1311 GMT, shares in PipeHawk were up 5.89% at 14.03p.

Reporting by Josh White for Sharecast.com.

Email this article to a friend

or share it with one of these popular networks:


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 5.33p
Change Today -0.92p
% Change -14.67 %
52 Week High 13.50
52 Week Low 5.33
Volume 323,907
Shares Issued 36.31m
Market Cap £1.94m
RiskGrade 185

Pipehawk Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
9.68% below the market average9.68% below the market average9.68% below the market average9.68% below the market average9.68% 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
83.77% below the market average83.77% below the market average83.77% below the market average83.77% below the market average83.77% below the market average
79.49% below the sector average79.49% below the sector average79.49% below the sector average79.49% below the sector average79.49% below the sector average
Income Not Available
Growth
72.77% below the market average72.77% below the market average72.77% below the market average72.77% below the market average72.77% 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

Top of Page