Thursday, October 4, 2012

Promethean financial disaster widely reported in UK media

US media overlooks woes of major MCPS supplier

 

Promethean faces harsh lessons

Financial Times - ‎20 minutes ago‎
For a company that makes its money by selling educational devices for school classrooms, Promethean World has been on the receiving end of a few harsh lessons of late. Since joining the London Stock Exchange in 2010 with a market capitalisation of ...

Promethean World warns on results citing weak education market

Reuters - ‎12 hours ago‎
Oct 4 (Reuters) - Interactive whiteboard maker Promethean World Plc said it expects full-year results to be below market expectations after facing a slump in its key education markets. "In the short term, the key education markets are constrained by customer ...

Promethean suffers new shares woe

The Press Association - ‎4 hours ago‎
Another grim trading update left shares in struggling whiteboard maker Promethean World at less than a tenth of their flotation price. The Blackburn-based group, which claimed it would offer "superior value" to shareholders when it listed at 200p a share on ...

Fresh profit warning knocks Promethean

Financial Times - ‎2 hours ago‎
Shares in Promethean World lost almost one-third of their value on Thursday after the maker of interactive whiteboards and other classroom devices issued its second profit warning in three months. The lossmaking educational technology company cautioned ...

Promethean World plunges 28% as interactive whiteboard maker warns on ...

The Guardian (blog) - ‎7 hours ago‎
Promethean World has got the dunce's cap on again after the educations equipment supplier issued another profit warning. The company, which specialises in interactive whiteboards, said it was suffering from pressures on educational budgets in both ...

Promethean World of pain

ShareCast - ‎8 hours ago‎
LONDON (SHARECAST) - Promethean World, which has been an unmitigated disaster for investors who backed its 2010 flotation, sunk to a new low on Thursday after another profit warning. The supplier of education technology, which issued a profit warning ...

Promethean World shares plummet 25 per cent on profits warning

Manchester Evening News - ‎7 hours ago‎
Educational technology firm Promethean World today issued a fresh profits warning, which sent its shares tumbling by more than 25 per cent. The Blackburn group said revenues for the nine months to the end of September were 30 per cent lower than the ...

Promethean revenues down, again

EducationInvestor - ‎4 hours ago‎
In an interim management statement covering the nine months to 30 September 2012, the board said that trading in key markets during the third quarter "continued to be challenging. Consequently... revenues for both the North America and International sales ...

More sales woe for Promethean World

Proactive Investors UK - ‎9 hours ago‎
In the short term, Promethean said its key education markets are being constrained by customer funding issues, especially in the US and Europe with the group expecting markets in 2013 to remain tough. Current year results will also be below current market ...

Promethean burnt by US sales flop and problems with order

Evening Standard - ‎7 hours ago‎
Shares in beleaguered education technology firm Promethean World took another hammering today as it warned of collapsing sales in the US and delays to a big order. The latest kicking for Promethean puts the stock in the “90% club” after it was floated ...

Promethean warns of likely profit decline

CRN - UK - ‎8 hours ago‎
Interactive whiteboard manufacturer Promethean has posted a profit warning to the London Stock Exchange, saying that demand has remained lower than expected in a challenging market. In the interim management update for the nine months ending 30 ...

Group revenue slides at Promethean

Stock Market Wire - ‎11 hours ago‎
StockMarketWire.com - Promethean World reports that the trading environment in key markets during the third quarter has continued to be challenging. Consequently, the quarter and year-to-date revenues for both the North America and International sales ...

Promethean World worth tenth of IPO price

The Times (subscription) - ‎7 hours ago‎
Promethean World is the latest company to join the 90 per cent club after another slide in its shares left the company worth just £34 million. The interactive whiteboard maker floated in March 2010 at 200p, but slumped as low as 14p today after a slowdown in ...

Promethean World feels the pressure

Growthcompany.co.uk (subscription) - ‎8 hours ago‎
Promethean World has had to strongly evaluate its costs and is now targeting a level of cost reduction in 2013 that is 20 to 25 per cent higher than previously reported. Operating costs for 2012 are therefore expected to be lower and reaping benefits in the ...

Promethean World's fresh profit alert as sales fall

The Business Desk (registration) - ‎11 hours ago‎
INTERACTIVE education products group Promethean World has sounded a fresh profits warning and says its will cut costs deeper and harder than it first expected.Amid falling sales and in an environment which the Blackburn-based group said it cannot see ...

1 comment:

  1. Gee, we are trying to prop up this company! When is the County Council going to approve the no bid, no contract 2,000 Promethean order?

    ReplyDelete

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