I bought into these at the beginning of the year, its probably worth posting the following just to highlight what good progress this little company is making:
Newmark Security narrows H1 pretax pre-ex pre-goodwill loss as sales rise
AFX
(Repeating to clarify pretax figure in headline and lead)
LONDON (AFX) - Newmark Security PLC reported interim pretax loss before exceptionals and goodwill narrowing to 278,000 stg from 675,000 stg the previous first half, on higher sales of 5.7 mln stg, compared with 3.7 mln.
The results for the period include Grosvenor Technology Ltd for the six months whilst the comparative figures include only a month and a half for the period since acquisition.
Loss per share in the period to Oct 31 2003 narrowed to 0.1 pence from 0.4p a year earlier.
In its Asset Protection Division, Safetell achieved 44 pct sales growth compared to the same period last year and 4 pct ahead of plan.
Order intake in the Secure Locking Division has been slower than anticipated; the group said it is close to agreeing significant purchase commitments with some new customers 'but these are unlikely to have any meaningful impact until the new financial year'.
In its Electronic Division, Grosvenor has been trading broadly in line with expectations since acquisition. The integration of Grosvenor and Newmark Technology is complete.
Newmark also said it plans to cancel the existing deferred shares and share premium account, and subsequently allow reserves to be available which will permit the possible payment of dividends in future years.
newsdesk@afxnews.com
Newmark Security PLC
03 February 2004
Newmark Security plc (the 'Company')
Director Shareholdings
The Company has been informed that its Chairman, Maurice Dwek, today bought
4,666,667 ordinary shares in the Company at 1.5p each and that Non-Executive
Director, Alex Reid, today bought 2,333,333 ordinary shares in the Company at
1.5p each.
Maurice Dwek now holds 21,241,667 ordinary shares in the Company, representing
9.97 per cent of the issued share capital.
Alex Reid now holds 35,191,571 ordinary shares in the Company, representing
16.52 per cent of the issued share capital.
This information is provided by RNS
The company news service from the London Stock Exchange
Newmark Security PLC
24 May 2004
Newmark Security plc
('Newmark Security' or the 'Group')
New Business Contracts
Newmark Security, the AIM listed security group, is delighted to announce the
following new business contracts and distribution agreements.
Safetell Limited - The Asset Protection Division
Abbey has awarded a contract for Safetell Limited to supply and install new
Disability Discrimination Act compliant counter facilities throughout its branch
network. The contract, worth approximately 650,000, follows four months of
detailed design and prototype work and will be completed by the end of September
2004.
Safetell Limited has also been awarded the HBOS contract to maintain security
door locks in HBOS Group premises (Halifax, Bank of Scotland, Birmingham
Midshires and Clerical Medical). The contract runs for three years from April
2004 at a total value of 750,000.
Newmark Security Products Limited ('NSP') - The Secure Locking Division
NSP has signed a delivery and distribution agreement with GE Security BV for the
sale of some of NSP's products. GE Security is a technological leader in the
rapidly growing electronic security industry.
NSP has also signed a distribution agreement with KCC Limited for the sale of
NSP's product range in Ireland from 1 June. KCC is a leading supplier in the
specification and supply of premium architectural hardware products and security
and access control products.
Enquiries:
Maurice Dwek, Chairman, Newmark Security plc Tel: 020 7355 0070
Brian Beecraft, Finance Director, Newmark Security plc Tel: 020 7355 0070
Jeremy Porter, Seymour Pierce Ltd Tel: 020 7107 8000
This information is provided by RNS
The company news service from the London Stock Exchange
AFX
LONDON (AFX) - Newmark Security PLC, the manufacturer of locking systems, said it has raised 1 mln stg before expenses through a placing of 80 mln new shares at 1.25 pence each.
In a statement, the company said it is in 'advanced negotiations' to acquire a business, but did not give details.
newsdesk@afxnews.com
ec/ra
Newmark Security PLC
30 June 2004
Newmark Security Plc ('Newmark Security' or the 'Group')
Acquisition of Custom Micro Products Limited and 700,000 placing
Newmark Security is pleased to announce that it's wholly owned subsidiary,
Newmark Group Limited, has today conditionally agreed to acquire the entire
issued share capital of Custom Micro Products Limited ('CMP'), for total
consideration of up to 2.885 million. The initial consideration of 800,000 is
to be satisfied in cash on completion, with two tranches of deferred
consideration of 1.4 million and 685,000 respectively, the latter payable on
the achievement of profit before tax of 600,000 for the year ending 30 April
2005. CMP was established in the early 1980's to exploit the market potential
for microprocessor-based products. CMP's products are divided into the following
core ranges; time and attendance systems, access control products, shop floor
data collection terminals, smart card applications, network connectivity
products and biometric readers.
CMP recorded turnover of approx 3.35 million and pre-tax profits of 500,000 as
per the unaudited management accounts for the year ended 31 January 2004.
In order to part fund the acquisition of CMP, the Company also announces today
that it has raised an additional 700,000 (before expenses) through a private
placing of 56,000,000 ordinary shares at 1.25p per share.
Application has been made for the 56,000,000 new ordinary shares to be admitted
to trading on AIM and admission is expected to take place on Tuesday 6 July 2004
('Admission').
As part of the placing, Alexander Reid, a director of the Company, and RK
Harrison & Company Limited, a company in which he is the controlling
shareholder, have subscribed for, in aggregate, 18,391,666 new ordinary shares
at 1.25p per share. Mr Alexander Reid will hold or have a beneficial interest
in, on Admission, in aggregate 53,583,237 ordinary shares representing
approximately 14.7 per cent. of the enlarged issued share capital of the Company
on Admission. In addition, Rosa Maris Limited, a company in which Ellie Dwek,
Maurice Dwek's brother, has an interest in, has subscribed for 16,000,000 new
ordinary shares at 1.25p per share. Mr Ellie Dwek will hold or have a beneficial
interest in, on Admission, 18,000,000 ordinary shares representing approximately
4.9 per cent. of the enlarged issued share capital of the Company on Admission.
Commenting on the acquisition of CMP, Maurice Dwek, Chairmen said 'I am
delighted we have been able to acquire CMP which is complementary to our
existing access control business within Grosvenor Technology which we acquired
in 2002, and will both strengthen our product and customer base and enhance our
earnings per share.'
Enquiries:
Maurice Dwek, Brian Beecraft, Newmark Security 0207 355 0070
Mark Percy, Seymour Pierce Limited 0207 107 8000
This information is provided by RNS
The company news service from the London Stock Exchange
Newmark Security PLC
08 July 2004
Newmark Security plc
('Newmark Security' or the 'Company')
Completion of Acquisition
Further to the announcement on 30 June 2004, Newmark Security is pleased to
announce the completion of the acquisition of Custom Micro Products Limited
('CMP'). Following completion of equity placings to raise 1.7 million for the
Company, the acquisition of CMP by the Company's subsidiary, Newmark Group
Limited, has now become wholly unconditional.
CMP was established in the early 1980's to exploit the market potential for
microprocessor-based products. CMP's products are divided into the following
core ranges: time and attendance systems, access control products, shop floor
data collection terminals, smart card applications, network connectivity
products and biometric readers. CMP recorded turnover of approx 3.35 million
and pre-tax profits of 500,000 for the year ended 31 January 2004.
Enquiries:
Maurice Dwek/Brian Beecraft, Newmark Security plc Tel: 020 7355 0070
Jeremy Porter, Seymour Pierce Ltd Tel: 020 7107 8000
This information is provided by RNS
The company news service from the London Stock Exchange
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One certainly to keep an eye on methinks.
regards
PTH