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Sunday 22 July 2018 | ShareProphets: The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares



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Pebble Beach Systems – FY 2017 results; “a sound financial performance”. Really?

2018-06-25 06:58:46

Pebble Beach Systems (PEB) has announced results for the 2017 calendar year, emphasising “adjusted operating profit for the continuing business of £0.5 million (loss in 2016 £(1.1 million))” and “the company will deliver improved profitability as a direct result of the restructure undertaken throughout 2017 and Q1 2018”. However, it is cash which is reality…

Pebble Beach Systems – “Update on banking and board changes” reviewed as shares soar

2018-04-06 03:14:38

Shares in Pebble Beach Systems (PEB) are currently soaring on the back of an update that the company “has agreed headline terms with Santander UK PLC for an amendment to the current Revolving Credit and Term Loan Facilities agreement” and has a new non-executive director…

Pebble Beach Systems – trading & strategy update, no offer considered to “reflect the value”. Hmmm…

2017-12-01 04:20:31

Previously writing on Pebble Beach Systems (PEB) I noted ‘Final Settlement of VCS Consideration’, so much for ‘substantially debt-free’! Today brings an Update on trading and strategic review announcement from the company…

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

2017-03-20 06:53:41

“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”!

2017-03-08 01:17:11

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…

2017-02-14 08:50:42

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!

2017-02-06 04:30:00

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!...




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