scaff
- 03 May 2007 10:01
dollar improving and some news on american contracts soon hopefully
trigger45
- 04 Sep 2007 07:43
- 4 of 5
Just moving this up again. It's very early days yet but I have taken a very small speculative punt on these.
A snippet from the interims.
Eruma plc
30 August 2007
ERUMA PLC (the 'Company')
CHAIRMANS STATEMENT
Unaudited Interim Accounts for the period ended 30 June 2007
Eruma plc, the parent company of Security Blinds Ltd who specialise in
prevention of burglary and counteracting bomb blast damage from terrorist attack
or industrial explosions, is pleased to announce its interim results for the six
month period to 30th June 2007.
Highlights
* Revenue increased by more than 300% from 121K in the first six months of
2006 to 510K for the equivalent period this year.
* Orders for the period exceeded the total installation revenues for the
whole of 2007.
* Security Blinds Ltd completed a total re-branding exercise resulting in a
greatly enhanced corporate image. The new image is more in keeping with the
target audience of the Company. This manifested itself in a new brochure, an
upgraded website and fresh executions for exhibitions, advertisements and
point of sale material.
* The pipeline for our US partner has significantly increased in the last
six months.
* Administrative expenses were in line with expectations.
Review and Outlook
The company remains in a strong position to capitalise on its investment in
marketing, sales personnel and logistics. Eruma plc plans to continue with its
strategy of upgrading all aspects of its operations with particular emphasis on
high quality lead generation, the future lifeblood of the organisation.
The pipeline (quotations that have been made to prospective purchasers) is 80 %
higher than the same period last year and this should result in continued high
growth levels.
There are no immediate plans to increase headcount, we believe that we have the
right profile to take us through into the 2008 fiscal year. Continuous training,
is however, planned to ensure that we achieve maximum results from our
resources.
There are high levels of interest in our blast resistant products because of the
global threat of terrorism. We intend to test various options of the newly
branded 'Secur' range against much larger TNT equivalent explosive than already
undertaken. It is planned that these tests will take place in the second half of
the year and if successful will open up further opportunities in this specialist
market.
The latter half of the period also saw considerable activity that has
subsequently resulted in the acquisition of a new company, Illuminex Ltd. This
exciting acquisition will enable Eruma to accelerate its revenues selling
state-of-the-art lighting products into similar market areas where Security
Blinds is achieving success.
Illuminex manufactures and sells LED (Light Emitting Diode) based products,
which are extremely energy efficient and hence have a low carbon footprint that
together with sophisticated monitoring capabilities offer unique benefits in the
security lighting marketplace.
Your board is confident that its strategy of organic growth coupled with
strategic acquisition will bring continued rapid revenue increases and guide the
company into profit in a planned and controlled manner.
Philip Barnett
Chairman
BAYLIS
- 12 Oct 2007 12:59
- 5 of 5
just watching for now good luck.