Stock data
| Market cap. | £4.4m |
| Last close | 0.54p |
| High / Low (52 weeks) | 0.9p / 0.1p |
| Stock market listing | AIM |
| Forecast net debt (m) | N/A |
| Forecast gearing ratio (%) | N/A |
| Team | Technology |
| Sector | Electronics & Electrical Equipment |
Price performance
| % | 1m | 3m | 12m |
|---|---|---|---|
| Actual | (13.01) | (14.4) | 463.14 |
| Relative * | (8.74) | (7.37) | 518.87 |
* % Relative to local index
Other companies covered in sector
| Y/E Sep | Revenue (£m) | EBITDA (£m) | PBT (£m) | EPS (p) | P/E (x) | P/CF (x) |
|---|---|---|---|---|---|---|
| 2010A | 2.9 | (1.7) | (2.8) | (0.9) | N/A | N/A |
| 2011A | 2.2 | (2.2) | (3.0) | (0.6) | N/A | N/A |
| 2012E | N/A | N/A | N/A | N/A | N/A | N/A |
| 2013E | N/A | N/A | N/A | N/A | N/A | N/A |
Last updated on 19/04/2012
Latest research
Camera field trial success
Update | Electronics & Electrical Equipment | 19/10/2011
Military momentum
Update | Electronics & Electrical Equipment | 06/05/2011
Development funding
Flash note | Electronics & Electrical Equipment | 22/02/2011
Contracts update
Flash note | Electronics & Electrical Equipment | 18/02/2011
Trading in line
Update | Electronics & Electrical Equipment | 13/10/2010
Outsourcing agreement
Update | Electronics & Electrical Equipment | 02/06/2010
Trading update
Update | Electronics & Electrical Equipment | 22/04/2010
Development contract
Flash note | Electronics & Electrical Equipment | 03/03/2010
On the right track
Outlook | Electronics & Electrical Equipment | 09/02/2010
Key design win
Update | Electronics & Electrical Equipment | 01/12/2009
Update and fund-raising
Update | Electronics & Electrical Equipment | 10/11/2009
Important Iridium order
Update | Electronics & Electrical Equipment | 20/10/2009
Investment summary
Sarantel reported FY11 results: revenues fell 24% y-o-y, although H2 revenues grew 13% q-o-q as key customers resumed ordering; operating loss of £2.9m drove EPS of -0.6p. Sarantel ended the year with net cash of £0.9m. The company recently announced it has agreed a £2m secured loan facility with HSBC Bank. This is a two-year, interest-only facility that can be drawn down in stages, paying interest at the bank's base rate plus 3% pa. The company believes this facility, combined with recent contract wins, should provide sufficient funds to reach profitability.
Last updated on 23/04/2012
Industry outlook
The well-publicised iPhone4 antenna issues have focused attention on the impact of the human body on radio performance. GPS penetration is growing in a number of consumer products including digital cameras and smartphones. Other GPS products are showing recovery after a period of weakness.
Last updated on 23/04/2012
Key management
| Geoff Shingles, Chairman |
| David Wither, CEO |
Company address
| Unit 2 Wendel Point Ryle Drive Park Farm South Wellingborough NN8 6BA United Kingdom +44 (0) 1933 670 560 View website |
