Results

Pebble Beach Systems – “Final Settlement of VCS Consideration”, so much for “substantially debt-free”!

Published 39 days ago

“Final Settlement of VCS Consideration” announcement from Pebble Beach Systems (PEB). I remind that on the conditional sale being announced on 20th October that RNS concluded “if the transaction completes then the group will be left substantially debt-free and to execute its software transition strategy with Pebble Beach Systems”

Pebble Beach Systems – disposal updates include buyer reserving its rights as it claims “numerous breaches of the contract”!

Published 51 days ago

After results for the first half of 2016 showed an increased £8.8 million of net debt, Pebble Beach Systems (PEB, then Vislink) announced a $16 million sale of its hardware division, Vislink Communication Systems, to NASDAQ-listed xG Technology, Inc – stating the disposal to see it “be left substantially debt-free and to execute its software transition strategy”. There are now further updates on how this is working out – including a 5:25pm “Response to xG Technology Inc Press Release” announcement. Uh oh…

Pebble Beach Systems – cost reductions including the ‘tin tack’ for porcine Chairman Hawkins…

Published 73 days ago

Following another profit warning earlier this month and now with a single operating subsidiary, Pebble Beach Systems (PEB, the former Vislink plc) has announced the closure of its head office function – including notice being served on Executive Chairman John Hawkins…

Pebble Beach Systems (formerly Vislink) – change of name announced Friday, now profit warning ahoy!

Published 81 days ago

Friday 3rd February 2017: “Vislink confirms that it has changed its registered name to Pebble Beach Systems Group plc” (PEB). Monday 6th February 2017: “The company informs shareholders that the results for FY2016 are expected to be materially below the board's previous expectations”. Well, that didn’t take long!...

Vislink – “Completion of Disposal”, deferred consideration within 45 days?

Published 84 days ago

Vislink (VLK) has announced that it has changed its name to Pebble Beach Systems Group (PEB) following ‘completion’ of the disposal of its hardware division, with “in accordance with the terms the deferred consideration is due to be paid within 45 days of completion”. Hmmm...

Vislink – announces “strong growth” from Pebble Beach Systems, but what about financial situation?

Published 198 days ago

Having slumped to sub 8p, shares in Vislink (VLK) are currently approaching 8% higher, at 8.625p, on the back of a “Pebble Beach Systems Announces Strong Growth” announcement. What’s the detail?

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