Starcom falls short of profits due to North Africa delays
29th Jan 2019 10:05
(Sharecast News) - Starcom reported continuing annual losses amid an "unexpected delay" in the completion of a North African contract.
Read moreStarcom EBITDA slides following delays to major order
11th Jan 2019 10:19
(Sharecast News) - Wireless tracking outfit Starcom expects full-year revenues to slightly exceed market expectations despite a delay in the delivery of a major order.
Read moreFriday broker round-up
14th Sep 2018 15:10
(Sharecast News) - SafeChange: Barclays upgrades to overweight with a target price of 420p.
Read moreMonday broker round-up
30th Jul 2018 13:17
(Sharecast News) - Sophos Group: Numis upgrades to add with a target price of 580p.
Read moreStarcom narrows losses thanks to major revenue increase
30th Jul 2018 11:15
(Sharecast News) - AIM-listed wireless solutions provider Starcom saw an increase of over 50% in its first half revenues.
Read moreStarcom raises £150,000 for additional working capital
24th Nov 2016 13:41
(ShareCast News) - Technology company Starcom has raised £150,000, before expenses, after a conditional placing of 5m new shares at 3p each. It said proceeds would provide additional working capital. "Since the placing announced on 21 October 2016, trading has been in line with the Board's expectati
Read moreStarcom raises £300,000 for interim working capital
21st Oct 2016 10:41
(ShareCast News) - Starcom says it has raised £300,000 at 2.5p a share with the proceeds to provide additional working capital, citing delays in payments expected late in 2016. The company said last month it had sufficient cash for its present needs, but on Friday added that was based on assumptions
Read moreStarcom to appeal after court finds in favour of former lender
17th Oct 2016 09:13
(ShareCast News) - Starcom has launched an appeal after a court in Israel found in favour of a £1m claim filed almost two years ago. The AIM-listed vehicle tracking company had previously been advised by lawyers that the claim by Top-Alpha Capital, a boutique financial services company based near Te
Read moreStarcom sales and margins slip after price erosion in first half
7th Sep 2016 11:28
(ShareCast News) - First-half sales and profit margins at Starcom were down on the same period last year, with low cash levels likely to worry some investors, but the wireless tracking specialist cut operating losses and sounded optimistic notes about current and future trading. Revenues in the six
Read moreStarcom narrows loss in 2015
11th Mar 2016 16:16
(ShareCast News) - Wireless tracking solutions firm Starcom reported a smaller loss in the 2015 calendar year, with the board confident in its future in its final results on Friday. The AIM-traded company saw revenue for the year of $5.1m (£3.54m), up from $5m a year earlier. Its gross margin was do
Read moreStarcom wins three-year contract extension
20th Jan 2016 12:07
(ShareCast News) - Starcom said it had won a three year extension to a contract with an unnamed international client for its Helios Hybrid tracking system. The company, which makes wireless remote tracking and monitoring products, said the extension will begin from the end of January this year. The
Read moreStarcom wins new tracking system contract
8th Sep 2015 10:33
(ShareCast News) - Starcom has secured a new contract for its Helios Hybrid tracking system following an international tender against a number of competitors. The company, which specialises in the development of wireless solutions for the remote tracking, monitoring and protection of a variety of as
Read moreStarcom names Ehud Shenig as new CFO
19th Jun 2015 09:40
Wireless services company Starcom said on Friday that it has appointed Ehud Shenig as chief financial officer with immediate effect. The company had originally appointed Ron Alroy as its new CFO. He had been due to replace Eitan Yanuv, who stepped down with effect from 15 June, but due to personal c
Read moreStarcom raises funds to cover cash problem, announces new CFO
1st Jun 2015 08:28
AIM-listed wireless technology company Starcom has raised £475,000 before expenses following a 4p-a-share placing. The proceeds will be used to solve its short-term cash problem and to provide additional working capital. As part of the placing, its chief executive officer (CEO) Avi Hartmann, chief
Read moreStarcom plunges as change in accounting policy means results will miss expectations
8th Apr 2015 09:46
Shares in Starcom fell over 8% on Wednesday, after the technology group warned that a change in accounting policy will lead to its annual results coming in below market expectations. The Jersey-based group said it will no longer recognise revenue in respect of "bill and hold" sale prior to the deliv
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