News blog

Belgravium Technologies

  • BY: Andrew Hore |
  • POSTED: 04/03/2015 |

Mobile data technology and services supplier Belgravium Technologies reported an improved profit but it has decided not to pay a dividend. 

Belgravium wants to conserve its cash to pay for a potential acquisition which may require additional debt. An interim dividend might be paid if the acquisition does not go ahead.

In 2014, revenues recovered from £8.43m to £9.41m, while underlying profit improved from £336,000 to £502,000. Net debt was £700,000 at the end of 2014. Access Fire & Security was acquired at the end of the year so £300,000 was paid but there was no contribution from the business, which took Belgravium into fire security systems.

At 5.13p a share, up 0.63p, Belgravium is valued at £5.18m. A 2015 profit of £625,000 is forecast on revenues of £10m – the highest level since 2011. The shares are trading on a modest nine times prospective earnings.

AIM Journal February 2015 available.

© 2022 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds