| 10:55 07/02/2012 | RNS turnover |
| RNS Number : 9068W Feedback PLC 07 February 2012  7 February 2012 Feedback plc ("Feedback", the "Company" or the "Group") Interim Report for the six months ended 30 November 2011 KEY POINTS · Turnover £4.1 million (2010 - £3.6 million) · Profit before tax £0.35 million (2010 - loss £0.12 million) · Earnings per share 0.30p (2010 - loss 0.13p) Executive Chairman's Statement In a challenging trading environment we have made good progress against our key objectives of returning the Group to growth and profitability. Turnover has increased to £4.1 million, up 13% on the equivalent period last year. Profit before tax of £348,000 includes the release of a legacy stock provision of £402,000, without which the Group's like-for-like operations would have delivered a break-even result. Bank overdrafts were £444,000 (2010: cash and cash equivalents £379,000) which were higher than management's expectations primarily due to the one-off costs associated with restructuring the existing business, start-up expenses for the new Black Box division and the necessary investment in business systems and raw materials needed to manage and meet increased demand. Our order intake and pipeline have benefited from increased sales focus and attention to account management. The improvements in business systems, which have been in process for a number of years, are now fully operational and, along with restructuring the pre-production operations, have allowed us to take better control of throughput resulting in shorter lead times and more accurate production planning. In our Data business we remain pleased with the strength of our relationships with existing partners and are encouraged by our ability to create differentiation and attract new customers with our Nohmad product line. We continue to invest heavily in product development and account management. Our Black Box business commenced operations in June 2011 with a strategy to develop and build data-centric electronics products for our customers' markets. Initial products have now been launched and we look forward to reporting on further progress in the second half of the year. Order intake for the period in our Instruments business is up by over 20% compared with the previous year. However, the slow pace at which some international education projects progress means we continue to suffer the legacy effect of previous years' under-investment in sales activity. In the US, Feedback Inc. has reviewed its sales agents, replaced a number, and strengthened our business in key East and West coast markets. Our UK and International markets remain difficult to predict in both their general economies and our specific areas of activity but we are now better positioned to take advantage of opportunities as and when they arise. The external environment apart, we have made fundamental changes to the way in which the Group operates and our turnaround has started. We recognise the challenges of the markets within which we operate and we continue to explore all opportunities to maximise shareholder value whilst realising our strategic goals. Nick Shepheard Chairman and Chief Executive 7 February 2012 By Amthystmind |
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| 14:42 18/06/2010 | New Products |
| Released on their website. Just need some contract news and this will be a big mover. Nice to see Directors buying as well. By avoint |
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| 12:18 12/05/2010 | Blue day |
| Thank Gord thats over --- finally out of the browm stuff.! I have held this share for so long I have forgotten the reason I bought it ! I put in my bottom draw 5 years ago ( I think when I last posted ) So the directors have bought , usually the best sign. Unless this appears on the fastest moving share of the day I probably will not look or post for another 5 years. Bye for now. By edwin lefevre |
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| 13:15 29/04/2010 | Another Director Buy |
| This time the Chairman. By avoint |
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| 15:13 28/04/2010 | Director Bought |
| Holds a fair few too. By avoint |
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| 16:21 26/10/2007 | FDBK SP plunges after news |
| See http://www.proactiveinvestors.co.uk/blog/index.php?entry=entry071025-134009 for details and comment. By chupacabra |
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| 19:28 15/09/2007 | Re: no change |
| Thanks for that - it makes me feel a whole lot better as I bought mine a whole penny cheaper ! Perhaps in another 10 years !!!! By kooiker |
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| 19:07 15/09/2007 | no change |
| I thought after 10 years of holding shares in this company, something might have changed. I held them in their prime at £1.35 a share. Where did it all go wrong!!!!! By TheRiz |
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| 13:19 08/06/2007 | Re: AGM |
| News of a Corporate Event! Anyone know what is going on here? if anything! cheers By shemi |
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| 19:40 27/09/2005 | Re: AGM |
| As I am unable to edit:- last sentance of second paragraph should read "start taking business decisions without regard to the pension fund." so "with" becomes "without". There is a rumour in the market that I scratched a 735i BMW on Monday but the rumour is unfounded! Ian. By Old Giggleswickian |
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| 23:32 26/09/2005 | AGM |
| I went to the AGM today and had a very interesting chat with David Sawyer. We all know that this company has recently stood at the edge of the abbys but it has now taken half a step back. It is only a small thing but I was impressed that the total cost of the AGM was £25 due to the fact that it was held in a church hall which shows the company's mindset. The pension problem is being addressed and although it will not be going away anytime soon it may well prove to be manageable, not least because the fund has recently performed very well, along with the preference shares. The company is at a crossroads and there is a strategy for recovery. Hopefully the site that is up for sale can be reclassified and sold for housing development which will provide a small bonus, but probably the biggest hope comes from the fact the company is developing its first new product in seven years. The management seems much less ossified than in the past which could well lead to increasing turnover which would disproportionately increase profitability. It is going to take time but in the next couple of years the company should be able to start taking business decisions with regard to the pension fund. I was left with one thought on my mind and that was "what they need now is a serious share option scheme to make sure that there is no backsliding like in the past by the management team". Which reminds me, the fact that Roger Barnett came along and parked his brand new 735i BMW out of sight in a different car park is probably totally irrelevant here! David thinks he is motivated by his own ambition but I still think that 500,000 options at 20p in three years time would make sure that he did not give Roger's 735i a second thought! Ian. By Old Giggleswickian |
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| 11:01 22/09/2005 | chairman's statement |
| Disappointed the share price has not moved further north following the Chairman's last statement. I have held this stock for several years now and perhaps one day it will go back to 50p. The trouble with very small shares is that they hardly trade and nobody follows them. Good luck By edwin lefevre |
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| 18:10 12/03/2005 | Advice |
| Now here's a lesson to be learned, I bought these as one of my first ventures into share dealing, on the advice of a SHARE magazine???? Their advice was to buy at 86p and wait for the profit! ah well there's no fool like an old fool. You can bet I cancelled my subscription. By jinjafox |
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| 14:20 02/03/2005 | Out |
| Finally got the message and sold out with big loss. I see no future here. IMHO of course. By osammyboy |
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| 12:02 24/01/2005 | News |
| Has anyone heard any good news lately, or any news infact ?? By jinjafox |
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