Chairman of tracking, monitoring and protection technology company Starcom (STAR), Michael Rosenberg, is “pleased to present the final audited accounts” for 2016. The shares have currently responded more than 17.5% lower, to 1.75p. Hmmm…
Starcom Systems (STAR) has just released a trading update which shows that progress is still slower than expected in terms of growth and actually making the company profitable.
Having previously questioned whether it has sufficient working capital, I note a “Litigation update” announcement from Starcom (STAR) and the shares currently 12.5% lower, at 2.625p, in response. Uh-oh...
“Starcom (STAR), which specialises in the development of wireless solutions for the remote tracking, monitoring and protection of a variety of assets and people… (is) pleased to report the unaudited results for the six months period ended 30 June 2016”. The shares are currently more than 15% lower, at 3.375p, in response. Hmmm…
Those lucky folks who got in on the most recent bailout placing for AIM dog Starcom (STAR ) in March at 1.5p have done brilliantly. The shares now trade at 4p mid and this is now le ramp de jour for certain morons on twitter and the bulletin boards. But the valuation is surely insane at £5.4 million given the ongoing losses, painful lack of tangible asset backing and the inevitability that another placing is imminent.
Though currently slipping back today, a still circa 3.5p share price of Starcom plc (STAR) compares to 1.25p hit post the company’s announcement of results for 2015 in March and a 1.5p per share placing later that month. Hmmm, what’s happening here?
The boy Moore is actually on holiday while I am at my keyboard so I shall do the crowing for him as his words of warning on uber-dog Starcom (STAR) came good with a keep the lights on placing at no-one is watching O'Clock (3.54 PM) the day before the Easter break.
I commented on shares in remote tracking and monitoring company Starcom (STAR) on the back of an April 2015 profit warning which saw them then trade approaching 15% lower at 7.125p. My caution of then has proved justified as I now update with the shares further lower, at just 1.5p, on the back of the company’s announcement of results for the 2015 calendar year…
Currently unloved Starcom (STAR), Israel-based specialist in remote tracking and monitoring of assets and people, is planning to launch a Mark 2 version of its Watchlock high-security padlock and hoping to clinch a big contract for its Helios vehicle tracking range, as founder and chief executive officer Avi Hartmann celebrates what he argues is a transformational joint venture to grow the company in the key North American market. Loss-making Starcom, whose shares spiked up to 21.75p in January on rumours of a deal with Japanese motor giant Honda before crumbling back to a lowly 2.25p now, has formed a distribution and product development partnership with Florida-based SATO Global Solutions, part of Japan’s £600 million-turnover SATO Holdings, market leader in automatic identification and data capture.
Shares in remote tracking, monitoring and management technology company Starcom (STAR) currently trade approaching 15% lower today, at 7.125p, on the back of an announcement that its recognition of revenues will see its “by the first week in May”-expected audited results for 2014 come in “materially below market expectations”…
