T42 Iot Tracking Solutions NPV (TRAC)

Sector:

IT Services

Index:

FTSE AIM All-Share

3.93p
   
  • Change Today:
      0.93p
  • 52 Week High: 7.00
  • 52 Week Low: 2.25
  • Currency: UK Pounds
  • Shares Issued: 55.13m
  • Volume: 1,029,824
  • Market Cap: £2.17m
  • RiskGrade: 1,622

Starcom inks North African distribution deal

By Iain Gilbert

Date: Wednesday 07 Nov 2018

LONDON (ShareCast) - (Sharecast News) - Wireless solutions outfit Starcom will provide a number of its Helios Advanced units to a local distributor in North Africa after signing a supply deal on Wednesday.
In addition to its signature Helios devices, the Jersey-based company will supply the unnamed African distributor with its Bio Can fuel sensors as part of the deal.

The total value of the distributor's order was projected to be roughly $1.1m - with a potential value of as much as $2.5m in 2019.

Starcom said: "Assuming that this initial order is satisfactorily delivered by the year-end and that other ongoing orders are all completed as planned, it is anticipated that revenues for 2018 will comfortably exceed the current market expectation of $5.9m and that EBITDA will be in line with current market expectations, namely in the region of $485,000."

Elsewhere, Starcom announced it had raised up £400,000 through a placing of 20m new ordinary shares of 2p each.

Starcom anticipates the shares will become effective on 12 November.

As of 0830 GMT, Starcom shares had tumbled 8.83% to 2.19p.

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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.

 

TRAC Market Data

Currency UK Pounds
Share Price 3.93p
Change Today 0.93p
% Change 30.95 %
52 Week High 7.00
52 Week Low 2.25
Volume 1,029,824
Shares Issued 55.13m
Market Cap £2.17m
RiskGrade 1,622

TRAC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
Market averageMarket averageMarket averageMarket averageMarket average
16.67% above the sector average16.67% above the sector average16.67% above the sector average16.67% above the sector average16.67% above the sector average
Price Trend
Market averageMarket averageMarket averageMarket averageMarket average
61.29% below the sector average61.29% below the sector average61.29% below the sector average61.29% below the sector average61.29% below the sector average
Income Not Available
Growth
Market averageMarket averageMarket averageMarket averageMarket average
77.01% below the sector average77.01% below the sector average77.01% below the sector average77.01% below the sector average77.01% below the sector average

TRAC Dividends

No dividends found

Trades for 25-Apr-2024

Time Volume / Share Price
15:27 30,000 @ 3.95p
14:48 15,039 @ 3.95p
14:13 30,000 @ 3.80p
14:12 50,000 @ 3.80p
14:12 100,000 @ 3.83p

TRAC Key Personnel

CEO Avraham (Avi) Hartmann
CFO Igor Vatenmacher

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