Aukett Swanke Group (AUK)

Sector:

Construction and Building Materials

Index:

FTSE AIM All-Share

 1.55p
   
  • Change Today:
      0.000p
  • 52 Week High: 1.83
  • 52 Week Low: 0.85
  • Currency: UK Pounds
  • Shares Issued: 341.07m
  • Volume: 226,197
  • Market Cap: £5.29m
  • RiskGrade: 194

Aukett Swanke cautious on expectations despite new contract win

By Iain Gilbert

Date: Tuesday 04 Jun 2024

LONDON (ShareCast) - (Sharecast News) - Architecture and smart buildings group Aukett Swanke announced a new £200,000 software license contract on Tuesday, with the firm offering up its Smart Core system in a London property over the next 18 months, marking its first major revenue from software without third-party costs.
However, Aukett Swanke noted that despite the contract win, it was still cautious regarding its financial expectations due to delays in traditional project start dates and unsecured prospects, leading to a strategic focus on accelerating its Smart Buildings services. Additionally, some large prospects the Group expected to secure and start in the second half have yet to be secured.

Chief executive Nick Clark said: "Like other shareholders, I am disappointed that the performance of several of the group's businesses has been below the board's expectations. We will not avoid difficult decisions to ensure the existing businesses are positioned for profitability as the newer revenue streams start to come through.

"By contrast, we are delighted to have secured a software licence sale to deliver the building operating system for a substantial property in the City of London. While minor in relation to group revenues, significantly it demonstrates the ability to leverage the contacts and experience of our architectural colleagues to deliver smart building revenues that can scale independently of overheads. This offers the promise of a brighter future for the group - using our expertise and contacts to generate high-margin scalable revenues."

As of 1415 BST, Aukett Swanke shares were down 10.45% at 1.50p.







Reporting by Iain Gilbert 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.

 

AUK Market Data

Currency UK Pounds
Share Price 1.55p
Change Today 0.000p
% Change 0.00 %
52 Week High 1.83
52 Week Low 0.85
Volume 226,197
Shares Issued 341.07m
Market Cap £5.29m
RiskGrade 194

AUK Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
70.55% below the market average70.55% below the market average70.55% below the market average70.55% below the market average70.55% below the market average
58.97% below the sector average58.97% below the sector average58.97% below the sector average58.97% below the sector average58.97% below the sector average
Price Trend
15.96% above the market average15.96% above the market average15.96% above the market average15.96% above the market average15.96% above the market average
17.95% below the sector average17.95% below the sector average17.95% below the sector average17.95% below the sector average17.95% below the sector average
Income Not Available
Growth
30.01% above the market average30.01% above the market average30.01% above the market average30.01% above the market average30.01% above the market average
36.84% above the sector average36.84% above the sector average36.84% above the sector average36.84% above the sector average36.84% above the sector average

AUK Dividends

  Latest Previous
  Interim Final
Ex-Div 08-Sep-16 07-Apr-16
Paid 10-Oct-16 22-Apr-16
Amount 0.070p 0.11p

Trades for 18-Jul-2024

Time Volume / Share Price
10:14 73,503 @ 1.58p
09:27 314 @ 1.59p
08:38 152,380 @ 1.58p

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