By Iain Gilbert
Date: Tuesday 02 Jun 2020
LONDON (ShareCast) - (Sharecast News) - Vehicle tracking systems supplier Quartix said on Tuesday that although trading had improved year-on-year during the first four months of 2020, installations had fallen throughout the period.
Quartix said new fleet installations had tumbled 25% in the four months ended 30 April - with a 60% drop in April alone.
The group warned that new installations for insurance remained limited by both installation capacity and demand but also maintained that the Covid-19 pandemic was "unlikely to have a material impact on profit and cash flow" in the first half of 2020.
The company said the resumption of some business activity in France on 11 May helped a strong rebound in the country but warned that UK vehicle mileage had fallen 54% during the week ended 3 April to its lowest point, while French mileage hit its basement after a 63% drop in the week ended 27 March.
Quartix said France appeared to be recovering at a faster pace than the UK, with average mileage levels just 9% below the group's baseline as of 22 May.
As of 0940 BST, Quartix shares were down 3.25% at 372.48p.
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Currency | UK Pounds |
Share Price | 140.00p |
Change Today | 0.000p |
% Change | 0.00 % |
52 Week High | 260.00p |
52 Week Low | 136.50p |
Volume | 19,564 |
Shares Issued | 48.39m |
Market Cap | £67.75m |
RiskGrade | 331 |
Value |
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Price Trend |
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Income |
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Growth |
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Latest | Previous | |
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Final | Interim | |
Ex-Div | 28-Mar-24 | 10-Aug-23 |
Paid | 29-Apr-24 | 06-Oct-23 |
Amount | 1.50p | 1.50p |
Time | Volume / Share Price |
16:29 | 9,793 @ 142.15p |
14:21 | 351 @ 142.15p |
14:20 | 9 @ 139.25p |
10:44 | 5,000 @ 140.00p |
11:16 | 100 @ 142.24p |
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