PipeHawk

PIP: 3.35 0.00 (0.00%)

Delayed:2017-08-18 16:57:05
Bid Price 3.25 High Price 3.35
Ask Price 4.00 Low Price 3.35
Open Price 3.63 Spread 20.69%
Prev Close 3.63 Volume 5,000.00

PipeHawk Share Price Chart

Intraday

Historic - 1 year


PipeHawk Share Price Information

Name PipeHawk Epic PIP
Sector Electronic & Electrical Equipment ISIN GB0003010609
Activites PipeHawk plc is a dynamic business offering advanced engineering solutions to challenging technical requirements across many industries. It is the global market leader in ground probing radar technology with many applications including civil engineering and land mine detection. Its technology provides a superior detection of hidden underground objects and features, dramatically reducing risk, improving safety and saving substantial time and money during identification and excavation. Adien Limited, a wholly owned subsidiary, is a leader in the field of utility detection and mapping. Its survey teams provide information that is critical in the design processes of almost all construction projects that involve breaking the ground. QM Systems, a division of PipeHawk PLC, is a market leader in providing solutions and services for electronic system design and manufacture, test equipment, transfer systems and automation and assembly solutions to the automotive, aerospace, rail and other related industries. Security Type Equity

Key numbers

Latest Share Price (p) 3.63 Net Gearing (%) 229.77
Market Cap (£m) 1.20 Gross Gearing (%) 230.61
Shares in issue (m) 33.02 Debt Ratio -158.25
P/E Ratio -1.59 Debt-to-Equity Ratio 0.35
Divs per share (p) 0.00 Assets / Equity Ratio -0.77
Dividend Yield (%) 0.00 Price to book value -0.32
Dividend Cover 0.00 SROCE (%) 70.34
Earning per share (p) -2.28 EPS Growth (%) -50.00
52-week high / low (p) 8.00 / 2.25 DPS Growth (%)

PipeHawk Broker Views

Date Broker Rec. Price Old target price New target price Notes

PipeHawk Director Deals


PipeHawk Company News

PipeHawk director Bob Tallentire resigns

PipeHawk said its board has accepted the resignation of Bob Tallentire as a non-executive director, with immediate effect.


At 9:58am: (LON:PIP) PipeHawk PLC share price was 0p at 4.38p



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FTSE opens slowly before Tuesday's UK inflation data

London equities opened Monday slowly and on a mixed note prior to a raft of UK inflation and EU purchasing-managers' index data, and with little in the way of corporate news about to stoke robust trading activity.

A short while after the open, FTSE 100 was down 15.45 points, or 0.21%, to 7409.51, while FTSE 250 was up 22.66, or 0.12%, to 19,117.6. At 8.38am, crude oil was modestly lower, as was copper. However, gold and silver eked out minor gains.

Vodafone (VOD), down 0.06% to 211.28p, said subsidiary Vodafone India and Idea Cellular would merge in a multi-billion dollar deal that created the largest telecoms operator in India. The merger would be one of equals, Vodafone said.

The blue-chip ladder was led down by Hikma (HIK), lower 1.25% to 2141p, and Coca-Cola HBC (CCH), down 1.2% to 1982p. Otherwise it was house builders in fobus after Taylor Wimpey (TW.), down 0.72% to 193.3p, and Barratt Developments (BDEV), down 0.51% to 540.25p.

Lenders senders as Standard Chartered (STAN), down 0.97% to 723.35p, were sprinkled throughout the losers ladder, as were a string of utilities in the wake of Severn Trent (SVT), down 0.42% to 2367p. Oil majors BP (BP.) and Shell (RDSA) slipped alongside the lower price of crude.

To the upside, Associated British Foods (ABF) led with a 1.87% rise to 2665p, but thereafter gains were strictly less than 1% and mostly below 0.5%. Commercial property tapered after Hammerson (HMSO), down 0.82% to 583.25p. Consumer goods also figured southbound.

BIGGER MOVERS

Bushveld Minerals (BMN), up 18.54% to 5.28p, has signed a definitive Sales and Marketing Agreement with Wogen Resources Ltd. This would assist with the financing needed for the conditional acquisition by Bushveld Vametco Ltd of a 78.8% stake in Strategic Minerals Corp from Evraz Group SA.

CAP-XX (CPX), down 16.79% to 8.43p, said H1 pretax losses rose to A$1.9m, up from A$1.3m last time. Total revenue for the period was down 18% to A$1.35m. The group said this was largely due to a disruption of supply after a process change at a key raw materials supplier.

PipeHawk (PIP), up 19.05% to 3.13p, has posted an H1 pretax loss of £180,000, from a loss of £449,000. Turnover was £2.99m, from £2.36m.

LONDON HIGHLIGHTS

Aquatic Foods (AFG) fell 13.79% to 12.5p as it said unaudited FY revenue fell 5.2% to RMB927.8m. Q4 showed revenue improvement on Q1, Q2 and Q3. Unaudited gross profit fell 19.9% to RMB224.6m.

Anglesey Mining (AYM), down 9.09% to 5p, has raised £225,000 gross via a placing of 5m new shares at 4.5p each. Net proceeds of £213,750 would be used for general working capital and for the continued development of the Parys Mountain poly-metallic project in North Wales.

Mkango Resources (MKA), up 7.14% to 3.75p, has entered into a MoU with Metalysis Ltd to jointly research, develop and commercialise novel rare earth metal alloys for use in three-dimensional (3D) printed permanent magnets.

Michelmersh Brick (MBH), up 3.93% to 59.5p, has posted a steady FY pretax profit of £4.5m, from £4.5m a year earlier. It said dividend had been doubled to 2p a share. Turnover was £30.1m, from £29.1m. The company was debt-free with a year-end cash balance of £4.7m, from £2.9m.

Hansteen (HSTN), up 3.33% to 125.85p, said its FY normalised income profit rose 29.4% to £61.1m, and that it achieved a total annual return to shareholders of 23.1p or 20.8%. The board had agred to dispose of its Germany and Netherlands portfolios for €1.28bn.

EVR Holdings (EVR), up 1.95% to 222.65p, subsidiary MelodyVR has entered into an agreement with UMG Recordings Services, a Universal Music Group subsidiary. The worldwide, multi-year agreement, licenced the creation and distribution of virtual reality content featuring UMG's artists.

Redcentric (RCN), down 1.71% to 86p, noted the Financial Conduct Authority (FCA) has begun an investigation after the historic overstatement of net assets and profits as described in the company's announcements in November/December 2016.

Marston's (MARS), up 0.63% to 135.35p, has agreed a new bank facility to replace the £257.5m existing facility, which was due to expire in November 2018. The new facility extended to March 2022 and comprised a £320m loan commitment, with an incremental £40m accordion facility.

Other stocks in the news included PhotonStar LED (PSL), ITM Power (ITM), SalvaRx (SALV), Carillion (CLLN), SDX Energy (SDX), John Laing Infrastructure Fund (JLIF), KAZ Minerals (KAZ), Learning Technologies (LTG), Frenkel Topping (FEN), Highland Gold Mining (HGM) and Finsbury Food (FIF).




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Pipehawk more than halves H1 pretax loss

PipeHawk has posted an H1 pretax loss of £180,000, from a loss of £449,000.

Turnover was £2.99m, from £2.36m.

At QM Systems, order intake for the first part of the period was buoyant with orders taken of about £1.3m in the first three months.

"Order intake slowed during the latter part of the period, however the outstanding quotes remain considerable with a number of significant contracts awaiting award over the coming weeks," said Pipehawk.

PipeHawk said it had continued to build on its UK, EU and international sales strategy for e-Safe product range and supply through a number of key partners was expected to increase through 2017.

"The rejection of our H2020 phase 2 grant re-application was a disappointment. However, following consultation with our advisers, we shall be re-submitting what we hope will be regarded as an improved application, building on the feedback we received from the assessors.

"In the meantime, we are working to improve the profitability of our product range and by the end of the financial year we expect to achieve cost reductions with a number of key components."

For Adien, the six months to 31 December had been a challenging time in an extremely competitive market.

SUMO, in which Pipehaw held a 28.4% stake, struggled in the competitive market place.






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FLASH: Pipehawk more than halves H1 pretax loss






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FTSE zips ahead on comm. property ahead of CPI

London equities continued their run-up in early deals with commercial property, utilities, supermarkets and resources stocks figuring prominently ahead of UK CPI, RPI and HPI inflation data being issued.

Land Securities (LAND) led with a 4.52% rise to 1029.5p, with British Land (BLND) adding 3.74% to 609.5p. United Utilities (UU.) gained 3.57% to 885p, piloting the US rates-sensitive sector. It was chased by Severn Trent (SVT), up 3.53% to 2169p. More in both sectors chased.

Gold-sensitive miners Fresnillo (FRES), up 3.42% to 1453p, and Randgold (RRS), up 3.4% to 6012.5p. Supermarkets queued up behind Tesco (TSCO), rising 3.11% to 212.25p, while Morrisons (MRW) firmed 2.85% to 218.65p. Also gaining were leisure, consumer goods, retail and pharmas.

Shell (RDSA) added 2.14% to 1969.25p and BP (BP.) firmed 1.49% to 439.93p. Overall, 84 blue chips accelerated higher, with 16 lower. Roughly 50 of these gained by 1% or more. Most sectors were represented.

Soon after the open, FTSE 100 was up 43.58 points, or 0.65%, to 6796.76, and FTSE 250 was up 169.85, or 0.97%, to 17,642.2. At 8.38pm, WTI crude was up 2.31% to $44.32/bbl and Brent was up 1.82% to $45.24/bbl. Gold was up 0.47% to $1227.5/oz.

To the downside the story was essentially miners, followed by big banks. Antofagasta (ANTO) lost 4.92% to 671.25p, while Glencore (GLEN) faded 4.24% to 270.8p and Rio Tinto (RIO) flopped 3.77% to 3027p. Among lenders, RBS, Barclays and Standard Chartered ebbed more than 1% each.

Vodafone (VOD), up 1.39% to 207.45p, has posted an H1 pretax loss of €5.4bn, from a profit of €149,000, with revenue of €27.1bn, from €28.2bn. The result included an impairment loss of €6.4bn, from nil.

EasyJet (EZJ), up 1.36% to 1046p, said its FY pretax profits fell to £495m, down 27.9% from a year ago. It carried a record 73.1m passengers, up 6.6% on the year. Smiths Group (SMIN), up 0.43% to 1390p, said its overall performance in Q1 was in-line with management views, and that expectations for the full year remain unchanged.

BIGGER MOVERS

Sula Iron & Gold (SULA), up 10.64% to 0.26p, said visible gold has been recovered from weathered iron oxide / quartz samples collected from a road exposure cross-cutting the Eastern Target (TZ2) Induced Polarisation (IP) anomaly. It also issued 78.1m new shares at 0.16p each further to the exercise of certain warrants. Gross proceeds totalled £125,000, which provided additional working capital for the company.

PipeHawk (PIP), down 11.11% to 4p, has widened its H1 pretax loss to £1.02m, from a year-earlier loss of £753,000. Revenue was £4.8m, from £4.6m.

President Energy (PPC), down 10.78% to 6.25p, intends to raise about $20.0m at a price of 6p a share. About $10m would be used to fund the group's initial 10-well workover programme of shut in wells in Argentina, and about $10m would go to strengthen the group's balance sheet, provide critical mass and enable the pursuit of additional internal and inorganic growth opportunities.

Edenville Energy (EDL), up 10.09% to 0.6p, said results from seam MK2 on the Mkomolo and Namwele deposits confirm coal as suitable for the provision of feed for its integrated coal-to-power project in western Tanzania.

LONDON HIGHLIGHTS

Hayward Tyler (HAYT), down 7.56% to 79.5p, has booked an H1 pretax loss of £6.7m, from a year-earlier profit of £1.6m. Revenue was £23.1m, from £21.8m.

Intertek (ITRK), up 6.98% to 3250p, has entered into an agreement with the shareholders of Laboratorios ABC Quimica Investigacion y Analisis (ABC Analitic) to form an environmental services joint venture in Mexico.

Polypipe (PLP), up 5.19% to 273.5p, said that as a result of continued strong organic growth, and a pleasing performance from the Nuaire business acquired in August 2015, it is on track to achieve management expectations for the full year.

WANdisco (WAND), up 3.45% to 135p, has secured an important contract win for its Amazon S3 Cloud solution, available in Amazon's AWS Marketplace, with global online gaming company Playtika.

Costain (COST), up 2.68% to 355p, has been awarded the South Enabling Works Contract for High Speed Two (HS2) Ltd.

Crest Nicholson (CRST), up 2.61% to 471.6p, has continued to grow housing volumes in 2016, with open-market unit completions at 2,292 up 7% and overall housing delivery up by 5%.

Wood Group (WG.), up 2.34% to 787.5p, has been awarded a $40m contract by ExxonMobil Chemical to provide main automation contractor services, including detailed design and site construction of the process control systems, for a grassroots polyethylene plant to be built in Beaumont, Texas.

TalkTalk (TALK), down 1.94% to 197.2p, has swung to an H1 statutory pretax profit of £30m, from a loss of £8m. Interim dividend was 5.29p a share, unchanged. Revenue came in at £902m, from £912m.

Other stocks in the news included Enterprise Inns (ETI), Totally (TLY), Card Factory (CARD), FirstGroup (FGP), Graphene NanoChem (GRPH), Cineworld (CINE), RythmOne (RTHM), Liontrust Asset Management (LIO), Midatech Pharma (MTPH), Nyota Minerals (NYO), BTG (BTG) and Lavendon (LVD).




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