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(STAR) Starcom plc Share Chat

Discussion in 'General Share Chat (STAR)' started by bonker99, Feb 6, 2017.

  1. bonker99

    bonker99 A Legendary Member Charts Technical Analyst

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  2. Inspiration

    Inspiration Moderator Moderator

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  3. Inspiration

    Inspiration Moderator Moderator

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    The above are Riddler's notes from Twitter. He's a reliable poster.
     
  4. Groucho

    Groucho Member

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    Published on 23 Oct 2017Starcom Systems Plc (AIM:STAR) is a global technology company specializing in automated systems for remote tracking, monitoring and management of fleets of vehicles, containers and people.
     
  5. Groucho

    Groucho Member

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  6. Groucho

    Groucho Member

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  7. Inspiration

    Inspiration Moderator Moderator

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    30 October 2017

    Starcom Plc


    ("Starcom" or the "Company")

    Placing


    Starcom (AIM: STAR), which specialises in the development of wireless solutions for the remote tracking, monitoring and protection of a variety of assets, is pleased to announce that the Company has conditionally raised £475,000 before expenses through a placing of 36,538,460 new Ordinary Shares of no par value (the "Placing Shares") at a price of 1.3p per Placing Share ("the Placing Price") (the "Placing").


    The Placing Shares, which represent 15.2 per cent. of the enlarged issued share capital, were placed by the Company's brokers, Northland Capital Partners Limited and Peterhouse Corporate Finance Limited.


    Use of Proceeds

    As previously announced, the Company has received a number of large orders from key customers. The primary use of the net proceeds will be to expedite completion of the new orders and ensure the timely supply and delivery of the Starcom products to those customers by the year end. In addition, the proceeds will be used to repay the balance of approximately US$100,000 due to YA II PN, Ltd and certain other commercial loans amounting to approximately US$115,000.


    Application for Admission

    Application has been made for the Placing Shares, which will rank pari passu with the Company's existing Ordinary Shares, to be admitted to trading on AIM ("Admission"). It is anticipated that Admission will become effective at 8.00 am on 1 November 2017.


    Total voting rights

    Following Admission, the Company's enlarged issued share capital will comprise 240,409,513 Ordinary Shares. The Company does not hold any shares in treasury. Therefore, the total number of Ordinary Shares with voting rights will be 240,409,513. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.


    Director's participation in the Placing

    Michael Rosenberg, the Company's Non-Executive Chairman, has participated in the Placing for 384,615 Placing Shares for a total consideration of £5,000 at the Placing Price.


    Grant of options

    The Company has agreed to grant Northland Capital Partners Limited options over 346,923 new Ordinary Shares of no par value exercisable at the Placing Price for a period of 5 years from Admission.



    Michael Rosenberg, Chairman of Starcom, commented, "We are pleased to have raised this level of new funding which will strengthen our balance sheet and provide the necessary capital to ensure that our growth continues as anticipated. With this additional capital, the Board is increasingly confident that revenues for this year will comfortably exceed those of last year."
     
  8. Groucho

    Groucho Member

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    14/11/17 10:45am temporary price spike to 2.075p +10.7% - possibly related to tweets below
    - it will be very interesting to see what happens if / when this is confirmed via RNS
    upload_2017-11-14_13-15-18.png
     
    Last edited: Nov 14, 2017
  9. Groucho

    Groucho Member

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  10. Groucho

    Groucho Member

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  11. Groucho

    Groucho Member

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    18 January 2018


    Starcom Plc

    ("Starcom" or the "Company")



    Trading Update


    Starcom (AIM: STAR), which specialises in the development of wireless solutions for the remote tracking, monitoring and protection of a variety of assets, is pleased to provide an update in respect of the results for the year ended 31 December 2017, which are subject to final audit.


    The Board expects turnover for the year ended 31 December 2017 of not less than $5.5m (2016: $5.1m) and that the gross margin will exceed 41% (2016: 28%). EBITDA is expected to show a positive result of not less than $500,000 (2016: $612,000 loss). Total operating expenses in 2017 are expected to be 31% lower than in 2016 and, as a result, it is anticipated that the consolidated net profit after tax will show a breakeven position or a small loss (2016: loss of $2m).


    The Board notes that the mix of sales in 2017 has shown a good progression in the sales of non-Helios products such as the Tetis, Kylos and Watchlock. These are more specialised products and therefore command higher gross margins than the standard Helios products. The demand for the non-Helios products at these higher margins has continued into the first half of 2018.


    Discussions are ongoing concerning further orders during 2018 with the major European Industrial group with whom the Company announced an initial contract in September 2017 for 1,000 Kylos Air units (subsequently increased to 1,200 units). These units are expected to be delivered to the customer shortly.


    The agreement with CropX is also proceeding well and further orders have been received for delivery in the first quarter of 2018.


    The Company has recently signed a three-year supply and support Tetis agreement with WIMC Solutions Inc. ("WIMC"), a US-based provider of products and services for real-time monitoring of international container movements. WIMC founded 'whereismycargo.net' a website which provides online global tracking of vessels and containers for its customers. An initial order of 1,000 units has already been received and this may be increased to around 20,000 units over the next three years. A further 1,000 units are expected to be delivered in Q1 of this year. This agreement, if fully implemented and all units are connected, has the potential value of approximately $4.5 million, including SAS revenues, over three years.


    The tender process involving the UN project referred to last year included a pilot scheme in Africa and in the USA. This pilot was completed satisfactorily at the end of December 2017 and all customer requirements have been met. However, it is still uncertain as to when a final decision will be made and there can be no assurance at this stage that Starcom's proposal will be selected.


    The Company has a number of outstanding bank and commercial loans and is reducing these on a monthly basis. Since the placing of shares in October 2017, a total of $175,000 has been repaid, including $55,000 to YA II PN, Ltd ("YA"). The outstanding balance of $65,000 due to YA will be repaid in the near future. Although the intention had been to repay this loan in full in the last quarter of 2017, it was considered that it was in shareholders' interests that customer demands for delivery of product should take priority at that time.


    The Company is experiencing one of its highest levels of orders for delivery in the first half of the year. Although the 2018 financial year is at a relatively early stage, based on the level of orders in hand and the level of new business enquiries, the Board anticipates that revenues and margins in 2018 will continue to improve.


    The preliminary results announcement is expected to be released by the middle of March 2018.
     
  12. Groucho

    Groucho Member

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  13. Groucho

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    23 January 2018


    Starcom Plc

    ("Starcom" or the "Company")



    Placing


    Starcom (AIM: STAR), which specialises in the development of wireless solutions for the remote tracking, monitoring and protection of a variety of assets and people, is pleased to announce that the Company has conditionally raised £315,000 before expenses through a placing of 14,000,000 new Ordinary Shares of no par value (the "Placing Shares") at a price of 2.25p per Placing Share (the "Placing").


    The net proceeds of the Placing will be used to strengthen the Company's working capital and to satisfy the increased demand for its products.


    Application for Admission

    Application has been made for the Placing Shares, which will rankpari passuwith the Company's existing Ordinary Shares, to be admitted to trading on AIM ("Admission"). It is anticipated that Admission will become effective at 8.00 am on 29 January 2018.


    Total voting rights

    Following Admission, the Company's enlarged issued share capital will comprise 254,409,513 Ordinary Shares. The Company does not hold any shares in treasury. Therefore, the total number of Ordinary Shares with voting rights will be 254,409,513. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.


    The interests of the Directors and co-founders in the Ordinary Shares of the Company following the Placing are as stated in the table below:


    306FECAB-8C37-49FF-B6BF-3B98BC257F78.jpeg

    *Mr Rosenberg's shares are held through his personal pension plan of which he is the sole beneficiary.



    Michael Rosenberg, Chairman of Starcom, commented:


    "As reported in our recent trading update, the Company has experienced a record number of orders for its products mainly for delivery in the first half of 2018 and is also pursuing a number of other potential orders. The additional funds will greatly assist our ability to meet these growing demands.


    "The Placing was initiated following a direct approach to the Company by an investor seeking to subscribe for 11 million shares at 2.25p per share, equivalent to the midmarket price of the shares at the time of the approach. It was agreed to proceed with the issue of a total of 14,000,000 shares by placing the balance with other investors at the same priceunder the existing shareholders authority."
     
    Last edited: Jan 23, 2018
  14. Groucho

    Groucho Member

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    23 January 2018


    Starcom Plc

    ("Starcom" or the "Company")


    The EBITDA comparative for 2016 as stated in the Trading Update released at 7:00 am on 18 January under RNS 1980C has been amended from $612,000 loss to $802,000 loss (after adjusting for inventory writedown).


    All other details remain unchanged.
     
  15. Groucho

    Groucho Member

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  16. Groucho

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    Starcom on investors' radar as tracking gains traction
    2018-01-31 11:06:00
    Enhanced by the internet of things, artificial intelligence and other tech advances, however, Starcom’s new range is now in the eye line of some big hitters.
    [​IMG]

    Is the market waking up to the potential at Starcom Plc (LON:STAR)?

    The company was one of the pioneers of what we now know as telematics.

    Helios was Starcom’s original telematics/vehicle tracking device and still accounts for the majority of revenue.

    Telematics pioneer
    But a new suite of products has started to make its mark and it is the potential for these that has started to resonate with investors.

    Indeed, having just completed a placing to raise £475,000 at 1.3p in October, a private investor contacted the company in January to offer the company a further £250,000 at 2.25p.

    That investor must be pleased as the share price has since risen to 2.92p, its highest for almost a year, following an upbeat trading update this month.

    Tracking at the heart of Starcom

    Tracking in one way or another still lies at the heart of the business.

    AI and internet of things
    Enhanced by the internet of things, artificial intelligence and other tech advances, however, Starcom’s new range is now in the eye line of some big hitters.

    Kylos, for example, is a barometric pressure monitor.

    Originally designed for aircraft passengers, it switches off when you get on a plane and comes back on when you get off, but new applications are burgeoning.

    CropX, a soil moisture measurement company, has started to use it as a component in its systems.

    Imagine a farmer never having manually to monitor the amount of water on crops again.

    CropX/Kylos does it automatically and controls the irrigation process as well.

    Last October, Starcom also announced a major European industrial group was looking at Kylos as a way to white label a product to track air, land and seaborne freight.

    The first batch of 1,000 units has since been increased by a further 200.

    Tech gaining credibility
    Talking to Proactive, Michael Rosenberg, chairman, said contracts such as these underlined the growing credibility of its technology.

    To go straight to supplying a major end user would be a huge step up, he added, as previously Starcom had to rely on distributors to market its products.

    Other products, too, are gaining recognition and some notable traction.

    Ship container tracking product Tetis recently won a three-year contract with US group WIMC worth up to US$4.5mln.

    As well as monitoring the movements of containers, Tetis can also indicate if they have been interfered with in transit.

    Watchlock, a new smart padlock, was launched three years ago, but has now been significantly improved.

    Starcom is also still in the running for a monitoring contract for the United Nations having passed a pilot scheme in the US and Africa.

    New markets
    Rosenberg says the UN contract is down to the last few bidders and even if ultimately Starcom is not chosen getting this far in the process is a further endorsement of the technology.

    Even for the original Helios product, new markets are opening up for its latest version.

    An electric motorbike maker in the US is in talks about embedding a Starcom-supplied tracking device.

    This is the ‘Holy Grail’ scenario that Starcom wanted to happen but never materialised with Helios.

    Rosenberg is more optimistic this time around.

    January’s update reported that the order intake overall is close to the highest seen yet for the company.

    It is the new products that are driving this, added Rosenberg, with the added bonus that margins are almost double those on Helios.

    Margins rising
    Reflecting that, the latest update indicated 2017 sales would rise to US$5.5mln (2016: US$5.1mln) but underlying profits [EBITDA] will do a lot better and be not less than US$500,000.

    After tax, there would be a swing from a loss of US$2mln to break even.

    Recurring revenues are also rising and will account for approaching US$2mln of this year’s total, said Rosenberg, who believes Starcom has reached a pivotal point in its fortunes.

    “We have moved from just manufacturing a product to be taking seriously as a tech partner and the company is in its best place since it listed on AIM.”

    Starcom is valued at just £7mln currently, but if the recent momentum continues it may not be for much longer.
     
  17. Groucho

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  18. Groucho

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  19. Groucho

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    22 February 2018


    Starcom Plc

    ("Starcom" or the "Company")


    Update on expected results for 2017


    In the Company's trading update announcement of 18 January 2018, the Board set out its expectations for the results for the year ended 31 December 2017 which were subject to audit. Although the audit process is not yet completed, it has become clear that the final results for 2017 will differ materially from those previously anticipated in that announcement.


    Although the Board still expects that, compared with the results for the previous year, the results for 2017 will show a considerable improvement in revenues and gross margins and a significant reduction in consolidated net loss after taxation, the Company is now likely to report a consolidated net loss after taxation materially higher than the breakeven to small loss previously indicated. The major variances relate to share-based payment costs, unrealised exchange differences and certain holding company costs.


    Full details of the variances from the results anticipated will be given in the audited financial statements which are expected to be published during the week beginning Monday 5 March 2018.


    As previously stated, the Company is experiencing one of its highest levels of orders for delivery in the first half of the year. This reflects increased orders for the higher margin Tetis, Kylos, Kylos Air and Watchlock products.
     
  20. Groucho

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