Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

  • FEAnalytics.com
  • FEInvest.net
  • FETransmission.com
  • Investegate.co.uk
  • Trustnet.hk
  • Trustnetoffshore.com
  • Trustnetmiddleeast.com

For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

COOKIES

In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

If you want more information or have any questions or comments relating to our privacy policy please email publishing@financialexpress.net in the first instance.

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Newmark Security PLC (NWT)

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Thursday 22 September, 2016

Newmark Security PLC

Trading Update

RNS Number : 5898K
Newmark Security PLC
22 September 2016
 

22 September 2016

 

NEWMARK SECURITY PLC

("Newmark" or the "Group")

 

Trading Update

 

Newmark Security plc (AIM: NWT) provides the following trading update.

 

As announced in the Group's preliminary results for the year ended 30 April 2016 ("FY16"), the Board observed in the Outlook section that: "Operating profit for the current financial year ending 30 April 2017 ("FY17") would be significantly lower than FY16.  This reflected the fact that the strategy of material investment in new products, new customer acquisition and new geographies has taken longer to be realised than originally anticipated.  The opportunity pipeline continues to grow but the conversion in to sales has been slower than hoped."

 

The Board today announces that these delays and other operational difficulties persist and despite implementing a number of cost cutting measures, the Group now expects results for the current financial year to be materially below market expectations and now expect to report a loss for FY17.

 

Further details of current trading and outlook of the individual operating segments of the Group is set out below.

 

Asset Protection Division Review (FY16: Segment revenue of £14.1m; segment PBT £2.8m)

 

Historically revenue within the asset protection business has varied substantially from one year to the next due to the timing of major refurbishment programmes for long standing customers and, to date, we have not received details of any such programmes in this financial year. The revenue stream within this division during the last few years has included substantial sales of cash handling equipment to the Post Office as part of their Network Transformation Programme. As stated previously, this revenue stream was expected to reduce during FY17 and the Company has been seeking to replace this revenue stream by broadening its product range.  Despite being appointed as UK distributor of an industry-leading manufacturer's doors and partitions range, new orders and sales have been considerably slower than anticipated in the first four months of the current financial year, and the pipeline and outlook for the rest of the year is not sufficient for the Board to have confidence the recent slowdown will be reversed in the immediate future.

Electronic Division Review (FY16: Segment revenue of £7.6m; segment PBT £(0.5m))

 

Continuing the trend observed during FY16, current trading has shown a clear divergence of revenue between the JANUS and SATEON product lines. Sales of JANUS continue to decline year-on-year, whilst SATEON revenues are increasing. 

 

SATEON revenues have increased almost 100% compared with the corresponding period last year but this has been offset by the decline in JANUS revenue. While sales of SATEON enterprise level projects have outperformed expectations, penetration of the high volume mid-tier market has been limited, partly due to a delayed release of the new variant of SATEON. Significant revenues from this new release are now not anticipated until the next financial year. In addition, some national systems integrators, key clients of the electronic division, have recently issued profit warnings as projects have been delayed or postponed post Brexit.

 

Workforce management ("WFM") sales in the UK have remained flat following the completion of the programmes in the last two financial years of roll out programmes for one of the world's largest apparel retailers and one of the world's largest supermarket chains.

 

Further afield, performance in the APAC region continues to disappoint as the Hong Kong office tries to establish sales and distribution channels and conduct business development activities.  However, the US office has shown 8% growth in WFM revenue compared to the corresponding period last year which is in line with expectations. Focus remains on growing both existing customers share of wallet and establishing new channel partners, as the company prepares to launch a new Android based WFM terminal next month, sales of which should benefit the Group in the next financial year.

 

There are significant opportunities for this Android device in new and adjacent sectors across all geographies in which the Group operates and these are being investigated to ensure revenues can be yielded form this upcoming product range in as short a lead time as possible.

 

Marie-Claire Dwek, Newmark CEO, commented:

"The results for the year to date have been very disappointing albeit in a period of investment and challenging markets.  We have and continue however, to initiate programmes to cut costs which will improve our financial position going forward, whilst continuing with the launch of new products which the Board are optimistic will underpin future growth."

 

 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon publication of this announcement, this information is now considered to be in the public domain. 

 

 

---ENDS---

 

For further information:

 

Newmark Security plc

Marie-Claire Dwek, Chief Executive Officer

Brian Beecraft, Finance Director

+44 (0) 20 7355 0070

www.newmarksecurity.com

 

 

Cantor Fitzgerald Europe

David Foreman, Michael Reynolds (Corporate Finance)

David Banks, Alex Pollen (Sales)

 

+44 (0) 20 7894 7000

 

Yellow Jersey PR Limited

Dominic Barretto

 

 

+44 (0) 7768 537 739

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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