Checkit (CKT)

Sector:

IT Services

Index:

FTSE AIM All-Share

 38.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 56.50
  • 52 Week Low: 24.00
  • Currency: UK Pounds
  • Shares Issued: 62.03m
  • Volume: 15,091
  • Market Cap: £23.88m
  • RiskGrade: 203

Elektron sales growth driven by Bulgin and Checkit subsidiaries

By Iain Gilbert

Date: Wednesday 15 May 2019

LONDON (ShareCast) - (Sharecast News) - Global technology firm Elektron saw sales move ahead in the first quarter of its trading year, boosted by strong sales growth over at its Checkit and Bulgin units.
The strong sales growth experienced by Bulgin in 2018 continued over the first quarter of 2019, with sales 20% higher year-on-year, and while Elektron expects the growth to "moderate" in the second quarter, it still anticipates that the unit will deliver a first-half sales performance "well ahead of the comparable period last year".

As far as its Checkit subsidiary was concerned, the division saw sales grow 49%. It was, however, impacted by customer trading problems in its original target market, the food service industry.

"We are now seeing an increasing number of enquiries for non-food applications," said Elektron.

But Elektron assured investors that Checkit's transformational acquisition of Next Control Systems enabled it to "move into adjacent verticals with scale, accelerating the route to profitability."

Elektron Eye Technology sales fell 11.2% as the division was up against "very strong sales growth" of 75.6%.

Overall, group sales for the three months ended 30 April increased 17% to £8.9m.

Chief executive John Wilson said: "It is pleasing to report that the group continues to show strong sales momentum."

Elektron will publish its preliminary results for the year ended 31 January on 12 June.

As of 0900 BST, Elektron shares had shot up 9.16% to 44.21p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Checkit Market Data

Currency UK Pounds
Share Price 38.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 56.50
52 Week Low 24.00
Volume 15,091
Shares Issued 62.03m
Market Cap £23.88m
RiskGrade 203

Checkit Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
14.15% below the market average14.15% below the market average14.15% below the market average14.15% below the market average14.15% below the market average
14.58% below the sector average14.58% below the sector average14.58% below the sector average14.58% below the sector average14.58% below the sector average
Price Trend
17.62% above the market average17.62% above the market average17.62% above the market average17.62% above the market average17.62% above the market average
4.85% above the sector average4.85% above the sector average4.85% above the sector average4.85% above the sector average4.85% above the sector average
Income Not Available
Growth
79.60% above the market average79.60% above the market average79.60% above the market average79.60% above the market average79.60% above the market average
91.49% above the sector average91.49% above the sector average91.49% above the sector average91.49% above the sector average91.49% above the sector average

Checkit Dividends

No dividends found

Trades for 10-Aug-2020

Time Volume / Share Price
13:15 10 @ 37.61p
10:19 1,386 @ 37.61p
09:13 13,695 @ 37.61p

Checkit Key Personnel

Chair Keith Anthony Daley
CFO Andrew Weatherstone

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