New to the market earlier this year. Today's interims don't seem to justify the fall. One for the brave?

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Pomethean World Fundamentals (PRW)

Preliminary Results.

Promethean World Plc
Preliminary results for the year ending 31 December 2011

Resilient Performance in Difficult Markets

· Results ahead of market expectations
· Modest growth delivered in H2
· Operating expenses down 6%, despite R&D investment up 13%
· Accelerating investments in new product development and key strategic initiatives
· Increase in total dividend by 4% to 2.5p per share


Financial Highlights

· Revenue £222.9m (2010: £235.3m) down 5.3% or 2.1% on a constant currency basis
o H2 Revenue £115.1m, up 1.9% on H2 2010 or 3.1% on a constant currency basis
· Gross margin 42.9% (2010: 43.3%)
· Adjusted EBITDA1 £31.1m (2010: £33.1m) down 6.0%.
· Adjusted operating profit1 £23.4m (2010: £27.4m). Margin 10.5% (2010: 11.6%)
· Operating profit £17.4m (2010: £21.1m)
· Pro forma net income1,2 £16.4m (2010: £19.2m)
· Pro forma basic earnings per share1,2,3 8.23p (2010: 9.63p)
· Net cash £21.8m as at 31 December 2011 (2010: £14.5m)

Business Highlights

· Accelerating investments in key strategic initiatives
o Increased government level education opportunities (e.g. Mexico Pilot project)
o Strategic content partnerships entered into with Channel One and Houghton Mifflin Harcourt
o Entry foothold gained into adjacent business and government training market
· Maintaining technology leadership in new product and software development
o AB 500 Series multi-touch, multi-pen whiteboard
o Next generation ActivExpression assessment handset with full QWERTY keyboard
o ActivProgress changing the way classroom data and student records are managed
o New software launches including ActivEngage assessment software for mobile devices
o ActivTable, interactive multi-touch, multi-user table for collaborative working, very well received when shown at BETT in January 2012
· Promethean Planet membership growth of 42.8% to almost 1.2 million members
1 excluding exceptional items, share-based payments and amortisation of acquired intangible assets, 2 stated on a pro forma basis for post IPO debt structure (interest and tax) and excluding acquisition related fair value adjustments (2010 restated on this basis), 3 calculated for 2011 using the weighted average number of ordinary shares per the Basic earnings per share calculation; assumes 200 million ordinary shares in issue during 2010 less an annualised weighted average number of shares held by the Group's Employee Benefit Trust.

Espirito Santo Execution Noble reiterates its Buy TP 116.00p

Totally missed these - currently down 18.5%.

Interim management Statement.

Trading Update

Promethean World Plc (LSE: PRW), a world leader in the global market for interactive learning technology, today provides the following trading update.

In its last Interim Management Statement, issued on 18th April 2012, Promethean stated that it expected market conditions to remain challenging, particularly in the US and Europe, and 2012 revenues to be weighted more heavily to the second half of the year than in 2011. It noted that the key buying season from June to September in the US would better inform its outlook for the year, and that it therefore remained cautious in its outlook.

The seasonal trend in the US of high levels of order activity at the end of June has not materialised at the levels anticipated. Revenues for the first half of the year are therefore now expected to be in the range of £80m-£85m and, with gross margins lower than last year, it is anticipated that the Group will post a high single digit (£m) operating loss for the first half of the year, although the Group has a positive cash balance and undrawn bank facilities.

The third quarter remains a key trading period. However, Promethean considers that market conditions will remain very challenging, and the Board now believes that the results for the year will be significantly below previous expectations. Promethean will therefore continue to align its cost base to these tougher market conditions and this will lead to an exceptional charge in 2012.

Interim results

Promethean expects to release its interim results for the six months ended 30 June 2012 on 25 July 2012.

This company was floated it at £2 a share in October 2010, but public spending cuts and increased competition have cut into the techie teacher's aids provider's profits. Each trading update is worse than the last, but there should still be over 10p per share in net cash.

Promethean now expects to post a "high single digit (£m) operating loss for the first half", with its interims on 26 July. The results should make interesting reading for the latest balance sheet figures and trading prospects. It could be ripe for some sort of corporate action and the founder still owns 33% of the shares, so is one to watch closely in my opinion.

Blimey - I'd forgotten all about these!

Last one out, turn the light off.

Interim Management Statement


24 Oct 13 Investec Buy 18.25 25.00 25.00 Retains

Looking interesting again.

nice spread toooooooo.,.

2013 Year End Trading update

Promethean World Plc (LSE: PRW), a world leader in the global market for interactive learning technology, today provides the following year end trading update in advance of publishing its preliminary financial results for the year ended 31 December, 2013 on 27 February, 2014.

2013 has been a year of stabilisation and considerable innovation for Promethean and, although the backdrop of education budgetary constraint remains, we expect to deliver results above market expectations for 2013.

Revenue for 2013 is expected to be £141m, down 10% on 2012, a noticeably slower pace of decline than in 2012 (2012: £157.0m, down 29.6%).

Promethean has continued to keep a tight grip on its operating cost base and expects to deliver Adjusted EBITDA of around £9m, a significant increase versus £5.1m in 2012. Strong working capital management has helped drive the year end net cash position to £17.6m, more than double its cash balance at the start of the year (2012: £8.0m).

Promethean has made good progress on its software strategy but, as the Group has previously stated, it will take time for the benefits to flow. Given continuing challenging market conditions and the ongoing investment in its software strategy, the Group does not currently expect the results for 2014 to be materially different to current consensus expectations.

Investec Buy 28.00 24.88 25.00 30.00 Retains

Closed at the high of the day on good volume.

JP Morgan Cazenove Overweight 0.00 29.00 21.00 30.00 Upgrades

2 year high @34p

Promethean World Plc (LSE: PRW) will announce its Preliminary Results for the year ended 31 December 2013 on Thursday 27 February 2014.

Major Contract win in the US - 10,000 Classrooms

Promethean selected as exclusive provider of interactive display systems to 10,000 classrooms by Miami-Dade County Public Schools.

Promethean World Plc (LSE: PRW), a world leader in the global market for interactive learning technology, today announces that, following a competitive process, it has been selected as the exclusive provider of interactive display systems for 10,000 classrooms to the Miami-Dade County Public Schools district ("Miami-Dade").

Miami-Dade has selected Promethean's ActivBoard Touch system together with its award winning ActivInspire software. Delivery is currently expected to be completed by the end of the third quarter this year.

In addition, Promethean will implement an 18-month professional development programme, to assist Miami-Dade educators in uniting their curricula and teaching styles with Promethean's solutions.

Miami-Dade is the fourth largest school district in the United States, with a student population of approximately 350,000. It is engaged in a district-wide digital transformation programme and Promethean will supply its systems to 10,000 classrooms currently without interactive display capability.

Jim Marshall, CEO of Promethean, said:
"We are delighted to have been selected by Miami-Dade and are proud to work with them to help transform learning in their classrooms. We have the opportunity to empower Miami-Dade teachers with a new way to motivate and engage students through collaborative digital learning activities in the classroom and we are excited by this.

"The Miami-Dade award is significant, both because it is one of the largest classroom implementations of interactive display systems in our history and because it may be one of the signs that the pressures on education technology budgets in the US are beginning to ease. It does not lead us to alter our current view of our financial prospects for this year, and we expect the marketplace to remain tough, but we do take it as a very positive endorsement of the quality of Promethean's solutions."

REG - Promethean World Plc - Major Contract win in the US - 10,000 Classrooms

20 Feb 2014 - 07:00
For best results when printing this announcement, please click on the link below: http://pdf.reuters.com/Regnews/regnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20140220:nRST4916Aa RNS Number : 4916A Promethean World Plc 20 February 2014 20 February 2014 Promethean World Plc ("Promethean" or "the Group") Promethean selected as exclusive provider of interactive display systems to 10,000 classrooms by Miami-Dade County Public Schools. Promethean World Plc (LSE: PRW), a world leader in the global market for interactive learning technology, today announces that, following a competitive process, it has been selected as the exclusive provider of interactive display systems for 10,000 classrooms to the Miami-Dade County Public Schools district ("Miami-Dade"). Miami-Dade has selected Promethean's ActivBoard Touch system together with its award winning ActivInspire software. Delivery is currently expected to be completed by the end of the third quarter this year. In addition, Promethean will implement an 18-month professional development programme, to assist Miami-Dade educators in uniting their curricula and teaching styles with Promethean's solutions. Miami-Dade is the fourth largest school district in the United States, with a student population of approximately 350,000. It is engaged in a district-wide digital transformation programme and Promethean will supply its systems to 10,000 classrooms currently without interactive display capability. Jim Marshall, CEO of Promethean, said: "We are delighted to have been selected by Miami-Dade and are proud to work with them to help transform learning in their classrooms. We have the opportunity to empower Miami-Dade teachers with a new way to motivate and engage students through collaborative digital learning activities in the classroom and we are excited by this. "The Miami-Dade award is significant, both because it is one of the largest classroom implementations of interactive display systems in our history and because it may be one of the signs that the pressures on education technology budgets in the US are beginning to ease. It does not lead us to alter our current view of our financial prospects for this year, and we expect the marketplace to remain tough, but we do take it as a very positive endorsement of the quality of Promethean's solutions." Enquiries Promethean World Plc + 44 (0) 1254 290749 Jim Marshall, Chief Executive Officer Neil Johnson, Chief Financial Officer Citigate Dewe Rogerson Consultancy + 44 (0) 20 7638 9571 Anthony Carlisle + 44 (0) 7973 611888 About Promethean Promethean (LSE: PRW) is a global education company that improves learning productivity by developing, integrating and implementing innovative 21st century learning environments that make everyone more engaged, empowered and successful. Headquartered in the UK, with a US office in Atlanta, Georgia, Promethean World Plc is listed on the main market of the London Stock Exchange. More information about Promethean is available at: www.PrometheanWorld.com. This information is provided by RNS The company news service from the London Stock Exchange

Preliminary Results

Financial results
· Revenue down 10.1% to £141.2m (2012: £157.0m, down 29.6%)
· Strong cost control: operating costs1 down 21.6% to £41.2m(2012: £52.5m)
· Adjusted EBITDA1 up 84.4% to £9.4m (2012: £5.1m)
· Adjusted operating loss2 £0.7m (2012: loss £5.5m)
· Operating loss £5.9m (2012: loss £165.9m post exceptional items, including goodwill impairment)
· Pro forma net loss2,3 £1.2m (2012: net loss £3.8m)
· Strong working capital management, inventories £8.7m at 31 Dec 2013 (31 Dec 2012: £15.4m)
· Net cash more than doubled to £17.6m as at 31 Dec 2013 (31 Dec 2012: £8.0m)

Business Highlights
· Strong progress in software development:
o New ClassFlowTM software Beta version launched

· Hardware product range widened in answer to changing market needs:
o ActivBoard Touch, ActivPanel and Promethean KUNO Tablet launched

· Promethean Planet membership increased by 19.8% to over 1.8 million members

· Major contract win in February 2014 - 10,000 classrooms in Miami-Dade (US)

1 excluding exceptional items, share-based payments, amortisation and depreciation, 2 excluding exceptional items, share-based payments and amortisation of acquired intangible assets, 3 stated on a pro forma basis excluding acquisition related fair value adjustments

Investec Add 38.63 39.75 30.00 41.00 Downgrades