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http://www.investegate.co.uk/bowleven-plc-%28blvn%29/rns/eeaa-submitted/201211260700069383R/
http://www.investegate.co.uk/Article.aspx?id=200804080701038145RA excellent RNS today,with some great technology making this a well worth a look company and up 6% on opening.
I held these some time back and have kept them on my watch list,only negative
i could see and the reason for selling was a very large hole in their pension fund.
Needs checking out, but as i stated well worth running a cautious eye over as
some great potential here.
aimo
cyril

StockMarketWire.com
Carclo has warned that its full year performance was expected to be significantly lower than previous forecasts.

It said the stronger second half performance, anticipated at the time of the interim results in November, was not now expected to be achieved.

An update said: 'While the previously reported operational issues at Technical Plastics have been addressed, there has been an unexpected delay in the awarding of two large tooling and automation contracts.

'In addition, a large and long standing non-medical customer which had been indicating a strong second half for our moulded components has not yet increased its orders.

'The impact of these factors is such that the division's profit for the current year is now expected to be significantly below expectations.

'Within LED Technologies, the Group's LED super car lighting business has performed as anticipated and new product launches have continued to be made on time.

'However, while the Wipac business has continued to operate well, delays in the award of three new contracts are expected to materially reduce the division's profit for the current year. It is still anticipated that Wipac will be successful in winning a number of these programmes despite the uncertainty on timing.'

Carclo said the board now expected the group's profits for the year ending 31 Mar to be significantly lower than its previous forecasts.

And it said that as a consequence of some of these delayed projects and lower customer orders, the board had now reduced its profit expectations for the 2018-19 financial year albeit these revised expectations would still represent healthy year on year growth.

The group also announced board changes.

It said that after 14 years as group finance director Robert Brooksbank was leaving on 31 Mar to pursue other career and business opportunities.