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SCOTTY expects to receive over #2 million (SCO)     

katcenka - 29 Nov 2005 15:59

People got in to early on this one, but now is the time to buy and at a cheap price too 1.75p, read the RNS

* Eurocopter flight trials successfully completed
* Additional German & US military purchases
* Additional working capital secured

SCOTTY Group plc, announces today that Eurocopter Deutschland ("Eurocopter"),
part of the European Aeronautic Defence and Space Company ("EADS"), has
confirmed that the official flight trials of its military helicopters which
contain SCOTTY's CH 53 SATCOM Mission equipment have passed successfully.

During the trials, the equipment was demonstrated to officials from the German
Army. SCOTTY has received positive feedback from the Ministry officials that
attended and can confirm that the project now enters a new phase in which every
effort is being made to speed up the procurement process necessary to finalise
the project and implement delivery.

In order to fund the additional working capital and costs incurred during the 6
week delay to the flight trials for the CH 53 programme, SCOTTY has secured a
convertible loan of #400,000 through a new facility provided by Headstart, with
the possibility for another #400,000 above that. SCOTTY's directors believe that
this facility could be repaid within the 60-day term of the loan if the delivery
programme with Eurocopter proceeds as they anticipate.

In addition to the Eurocopter project, SCOTTY expects to receive over #2 million
before the calendar year-end from the implementation and delivery of a number of
orders previously announced.

These also include the delivery of Euro720,000 worth of equipment including SCOTTY
Mobile Systems, SATCOM equipment and Telemedicine units to the German army in
this quarter. In addition, SCOTTY confirms that the US Army has deployed three
disaster co-ordination teams equipped with SCOTTY's video teleconferencing
equipment to the Gulf Coast states, which were affected by Hurricane Katrina.

Chief of Staff for the First U.S. Army, Col. James Hickey said: "Satellite
communications are often critical in a hurricane's aftermath. One of the things
we learned last year with the series of hurricanes that passed through Florida
was the need for satellite communications,"

"This storm will likely take out some key communications nodes, and cell phones
and landlines may not work for some time," he added.

BigTed - 30 Jan 2008 10:07 - 110 of 120

now you have blinkers on... sorry but the RNS release was the time to sell... heard exactly the same thing a year ago when they won a bigger contract with Eurocopter, they will need a further sizeable contract soon, to push sp considerably further ahead...

skyhigh - 14 Feb 2008 10:07 - 111 of 120

Seen these csort of comments before in the Daily Express and nothing's happened...might be different this time though!

SHARE WHISPER: Scotty Group (speculation it is close to securing another contract with aircraft maker Diamond)

(It may account for the bit of sp activity yes'day

BigTed - 27 Apr 2008 17:46 - 112 of 120

The further contracts have indeed arrived, and this one has exploded into life, surprised no-one talking about the (very) impressive increase in sp latter part of week...

driver - 27 Apr 2008 18:28 - 113 of 120

BT
It's about time investors have waited a long time for the sp to recover.

BigTed - 27 Apr 2008 21:08 - 114 of 120

Funnily enough, a friend of mine just sold some two weeks ago after holding them for about a year, at a loss. Hey presto after all that time they decide to rocket... I did say things were looking up, but i think after seeing them drop to 0.7p he was happy enough with 1.2p... sod's law, i do believe...!

BigTed - 27 Apr 2008 21:12 - 115 of 120

Chart screams 'spike' Rsi unsustainable, macd divergence to the extreme...




Chart.aspx?Provider=EODIntra&Code=SCO&Si

skyhigh - 28 Apr 2008 12:40 - 116 of 120

FYI...
"Notable increase in Scotty Group (SCO) was reported by Saturdays Independent, on market rumours of a major contract win. The momentum appeared to spill over into this week, as the shares rose by a further 0.075p to reach 2.075p."

BigTed - 01 May 2008 20:23 - 117 of 120

I rest my case...

capetown - 01 May 2008 22:30 - 118 of 120

Big T,
You were spot on!!,will buy on any further weakness.

halifax - 03 Oct 2011 16:39 - 119 of 120

just fallen off the cliff?

driver - 03 Oct 2011 20:57 - 120 of 120

I thought ORE had a bad day whats happened to SCOTTY
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