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Sabien Technology

  • BY: Andrew Hore |
  • POSTED: 12/02/2013 |

Energy efficiency technology provider Sabien Technology made a first half loss and the share price fell by one-quarter even though house broker Westhouse still thinks that the company can achieve market expectations for the full year. 

The share price slumped 10p to 29p, valuing Sabien at £9.13m.

Westhouse still expects Sabien to achieve a profit of £400,000 in the year to June 2013 even though the figures for the six months to December 2012 show a swing from a profit of £301,000 to a loss of £67,000. Most of the £1m of revenues, down from £1.5m in the first half of the previous year, came through indirect partners, such as facilities management and energy service companies.

The sales prospects pipeline has been maintained at £6.3m. Sabien reckons that the market opportunity in the UK is worth £9bn and it is starting to generate revenues outside of the UK.

The shares are trading on 20 times prospective 2012-13 earnings, falling to 17 in 2013-14.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFFebruary2013_41.pdf

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