SEV: 0.99 0.00 (0.00%)

Delayed:2018-02-23 05:00:05
Bid Price 0.70 High Price 0.00
Ask Price 1.00 Low Price 0.00
Open Price 0.00 Spread 35.29%
Prev Close 0.85 Volume 0.00

Servision Share Price Chart


Historic - 1 year

Servision Share Price Information

Name Servision Epic SEV
Sector Electronic & Electrical Equipment ISIN GB00B0586C20
Activites SerVision plcis a pioneer in the field of security communications technology and a leading developer and manufacturer of fully integrated video recording and transmission systems for homeland security and transportation applications. The Company's core technology is proprietary video compression which is optimised for streaming real-time video over any type of cellular or narrowband network. Security Type Equity

Key numbers

Latest Share Price (p) 0.00 Net Gearing (%) 77.28
Market Cap (£m) 1.21 Gross Gearing (%) 77.42
Shares in issue (m) 142.16 Debt Ratio 53.90
P/E Ratio -0.37 Debt-to-Equity Ratio 0.34
Divs per share (p) 0.00 Assets / Equity Ratio 4.43
Dividend Yield (%) 0.00 Price to book value 0.92
Dividend Cover 0.00 SROCE (%) -107.02
Earning per share (p) -2.30 EPS Growth (%) 27.67
52-week high / low (p) 6.88 / 0.73 DPS Growth (%)

Servision Broker Views

Date Broker Rec. Price Old target price New target price Notes
02 Mar Beaufort Securities Speculative Buy 0.99 Retains
23 Feb Beaufort Securities Speculative Buy 0.99 Retains
20 Dec Beaufort Securities Speculative Buy 0.99 Retains
08 Dec Beaufort Securities Speculative Buy 0.99 Retains
03 Oct Beaufort Securities Speculative Buy 0.99 Retains

Servision Director Deals

Servision Company News

SerVision trading suspended after company fails to find financing

Surveillance group SerVision said it had requested a suspension of trading in its shares on AIM after it failed to raise adequate finance.

The company announced last week that it was seeking to raise capital in the near term and could perhaps convert some existing debt into equity.

'Unfortunately, the positive conversations regarding a loan and equity investment that were ongoing at that time have not yet concluded,' it said.

'The company was not able to convert some of the existing debt into equity, as the conversion price is below the nominal value of the company's shares.'

'Since the company is currently in default on at least one of its loans and any refinancing will take some time and will require the agreement of the company's lenders, the company has requested an immediate suspension to the trading on AIM of its shares pending clarification of its financial position.'

At 1:36pm: (LON:SEV) Servision PLC share price was 0p at 0.85p

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Beaufort ceases to act as joint broker of SerVision

SerVision has confirmed that Allenby Capital is now the Company's sole broker after Beaufort Securities ceased to act as joint broker with immediate effect.

At 2:26pm: (LON:SEV) Servision PLC share price was 0p at 1.63p

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SerVision revenue up, net loss rises

SerVision has reported revenue of $1,291,000 for the six months ended 30 June, compared with $1,288,000 for the same period last year, while the net loss for the period was $1,186,000, in comparison to $1,013,000 last time.

Gidon Tahan, Chairman and CEO, commented:

"Although revenue has fallen short of expectations over the last few years, I do believe the company is slowly on a path of recovery. I expect the company to continue trending in a positive direction as we build upon a number of recent commercial successes worldwide, and as we further embrace new opportunities that have arisen from strategic cooperation with Mobileye and, more recently, with Gurtam, a leading international telematics software developer."

At 2:17pm: (LON:SEV) Servision PLC share price was -1p at 1.88p

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SerVision gets loan to boost working capital

SerVision (SEV), a developer and manufacturer of digital security systems, has entered into an agreement to revise the repayment terms with YA for the current loan between the two parties and to provide an additional loan of $541,000 under the existing facility.

The agreement follows the announcement on 30 June 2017 detailing that the company was seeking to renegotiate terms with YA in order to extend the repayment deadline and to provide additional working capital to help the company invest in a number of tenders. As at 15 August 2017, the balance due to YA, including accrued interest, was approximately $406,000.

Under the revised terms, the company is borrowing a further $541,000 under the existing facility with YA, with the repayment date of the YA Loan being extended to 1 August 2018 and six bi-monthly payments averaging approximately $165,000 commencing on 1 October 2017 to cover the principal and interest repayments on the YA Loan.

YA is also receiving fees of approximately $40,000 in connection with the restructuring of the existing loan and the provision of the additional loan.

SerVision said the company has not achieved breakeven and the loan is necessary to bolster the company's working capital and enable it to continue competing for new tenders.

At 8:08am: (LON:SEV) Servision PLC share price was -0.13p at 2p

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FLASH: SerVision amends YA facility

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