Have just bought out minority stake in subsiduary C2 telecom. Have appointed Arm Corporate Finance as sponsers. SP up 62% lastweek. Some corporate action in near future as company is profitable and is a nice clean shell. Anyone else a have a holding in this share?

Yet more updates.

Akhter Solar Limited-Official
2 hours ago
The project team at Akhter delivered on time, provided competent and effective staff and solutions and overcame many obstacles, without incurring time delays, to provide what is now accepted as the first purpose built “all electronic courtroom” in the country.
Their service response, competency and capabilities have shown throughout and we would have no hesitation in recommending them for projects of this nature in the future.
LEE HUGHES CBE
SECRETARY TO THE INQUIRY
https://www.facebook.com/pages/Akhter-Solar-Limited-Official/777449415612503

Ultima Networks PLC

29 September 2014

Ultima Networks Plc

("Ultima", "the Group" or "the Company")

Interim Results for the six months ended 30 June 2014

Ultima, the IT and Green Technology Company, is pleased to announce its unaudited interim results for the six months ended 30 June 2014.

Highlights for the period

-- Turnover of GBP674,000 (H1 2013: GBP689,000)
-- Operating loss of GBP77,000 (H1 2013: Loss GBP136,000)
-- Cash at bank of GBP113,000 as at 30 June 2014 (30 June 2013: GBP82,000)

Ultima operates through two divisions: the IT Services division and the Green technology division.

The IT Services division develops and supplies computer based application software and services to the legal profession.

The Green technology division is responsible for the development and supply of electric powered bicycles and specialist electrical goods and provides renewable energy solutions for the development of clean power generation through solar and other renewable power sources with installations in the United Kingdom and in Spain.

Professor Humayun Mughal, Chairman and CEO, commented:

"During the six months ended 30 June 2014, Ultima made a Group operating loss of GBP77,000 (H1 2013: Loss GBP136,000). The Group maintained its policy of investing in research and product development to ensure it retains the ability to be competitive and react to market opportunities."

Enquiries:


Ultima Networks plc
Prof. Humayun Mughal, Chairman and
CEO 01279 821 200
Cairn Financial Advisers LLP (Nominated
Adviser)
Sandy Jamieson 020 7148 7900
Peterhouse Corporate Finance Limited
(Broker)
Eran Zucker, Charles Goodfellow 0207 469 0930


Chairman and Chief Executive's Statement

Operational Review

Ultima continued its investment in the IT Services product portfolio and the development of new products in the Green Technology division in order to generate future growth in revenues.

The IT Services division has continued the roll out of the FiLos legal software suite. The division has a programme of continuous product development which has proved an essential tool in maintaining demand and competitiveness and providing a platform for organic growth.

The Green Technology division saw a substantial reduction in sales of its electronic bicycles into mainland Europe resulting in a first half loss.

The opportunity for growth in the global renewable energy market remains positive with opportunities to provide innovative solutions.

The short term economic outlook remains uncertain however the Group remains positive and considers itself well positioned to take advantage of any upturn.

The Board of Ultima remains committed to its programme of research, design and development and expect this will provide the platform for future growth opportunities.

Financial Summary

In the six months to 30 June 2014 the Group achieved sales of GBP674,000 (H1 2013: GBP689,000) with an operating loss of GBP77,000 (H1 2013 GBP136,000).

The IT Services division made a profit at the operating level of GBP163,000 (H1 2013: GBP100, 000) on sales of GBP375,000 (H1 2013: GBP414,000). This division comprises Cognito Software, a provider of application software and services to the legal profession.

The Green Technology division made an operating loss of (GBP153,000) (H1 2013: operating loss of GBP157,000) on sales of GBP299,000 (H1 2013: GBP275,000). This division comprises the green technology products and the green energy parts of Ultima's business.

The Group central overheads for the six months to 30 June 2014 were GBP87,000 (H1 2013: cost of GBP79,000).

As a result of the expected availability of brought forward losses there has been no adjustment for taxation in the period.

Prof. Humayun Akhter Mughal,

Chairman and Chief Executive Officer

September 2014

Right this minute - a new market maker has got on board. That is PMUR.

I bet because big contract news is imminent and expecting business i.e. volume in this stock.

Akhter Solar Limited-Official shared DUA Marketing Network's photo.
15 hours ago
Marketing Partner.
Akhter Solar LTD
Introduce
Green Power Box
For More Detail & Order Call Now
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https://www.facebook.com/pages/Akhter-Solar-Limited-Official/777449415612503

GTEk website completely revamped.
http://gtek.com.sa/

GTEK now has a factory in Saudi Arabia - any more clues required on the chances of a big Saudi Contract?

Company News

Gtek factory in Saudi Arabia has 15MW annual capacity.

Gtek solar panels are approved by the international manufacturing standards (IEC 61215) in a purpose built factory located in the Industrial City of Sudair near Riyadh.

GTek has installed a number of commercial and governmental solar projects around the Kingdom.

GTek is the first solar panels manufacturer in KSA. GTek is a Saudi Company established by Saudi & British experts in the field of energy management technology. The factory is located in Sudair Industrial city, and the company headquarter is located in Riyadh.

GTek has installed a number of commercial and governmental solar projects around the Kingdom.