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IT and datacentre services provider Teliti International Ltd says that delays in the supply of equipment mean that the first phase of datacentre operations will be delayed for three months.
The shipment of a generator and chiller equipment from Europe has been delayed. That means that operations will not start in April and it is likely to be July instead. Phase 1 is 45,000 square feet out of a total of 120,000 square feet.
Demand for the datacentre has exceeded expectations of 40% and letters of intent for 62% of capacity have been received. There is strong demand for cloud computing services. Contracts will be converted from the end of March. This means that Teliti should still meet expectations even after the delays.
House broker Daniel Stewart reckons that revenues will more than treble in the year to September 2012 and profit will jump to RM13.8m.
At 57p a share, Teliti is valued at £13.4m.
Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFJanuary2012_28.pdf
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