A tech stock that could make it big in the US. Known for its metering of ale pumps etc etc.

StockMarketWire.com
Provider of real time monitoring systems Vianet Group said trading for the second half of the year to end-March will be below its expectations.

Against that background, the Group believes that operating profit before exceptional items and amortisation for the full year will be not less than £3.2 million as compared to £3.9 million for 2012.

Cash generation remains strong and the Board expects to maintain the final dividend at 4p, which would give a total dividend for the year of 5.7p.

A combination of increased investment in the US, delays to new contracts and pressure in the leisure sector has impacted performance.

James Dickson, CEO, commented: "It is obviously disappointing to be downgrading expectations. We have made good progress in a number of areas but have not been able to offset the effect of contract delays. The investment made in the US and recent contract wins in the UK means that the outlook for 2014 remains promising. The actions taken to reduce costs, particularly in the Fuel Solutions business, are also now coming through and further cost reduction initiatives are being implemented across the Group. It is against this backdrop and the continued strong cash generation that the Board expects to maintain the dividend."

Took one in the bollocks here this morning. First one for 30 months now. Usually count on 1 or 2 per year.

Just got to take note and move on. obviously sold it.

No good brooding.

I see Pauly pilot who tipped it 2 days back is trying his best to defend his position. Silly really, just sell the bloody thing and move on I say.

Happens to us all.

Good sign of a trader is a man who accepts defeat can walk away and rebuild in another area.

Skinny (Post 2) that pauly pilots note. Dont know why on earth hes running around on twitter apologising and saying its still a buy.

We all take responsibility for our own actions. Shows to me that hes weak which I have suspected in the past.

Yes - puerile really - I thought I'd read the note after this morning's fall - and there it was - gone!

Daft isnt it. Basically with him its all about his ego. Bollocks to that I say. This busuiness is cut throat and all about making money not defending ones self esteem.

Move on and thrive i say.

Listent to Vianet Group - Final results

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LISTEN: The Chairman and Directors of Vianet discuss the interim results

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