Sarantel frees up cash with sale and leaseback deal
Thursday, July 10, 2008
Sarantel, the company that makes antennas for mobile and wireless devices, has bolstered its working capital to the tune of £0.5 million after agreeing a sale and leaseback of all its fixed assets.
The move saw the company sell its plant and machinery, test and computer equipment to Close Leasing Ltd. The principal terms of the finance lease are a 24 month term at a monthly rental of approximately £24,000.
Sarantel’s finance director Sitkow Yeung, said the deal strengthens its balance sheet and provided increased financial flexibility.
At the end of June 2008 and excluding the proceeds of this transaction, Sarantel had cash balances of £3.3 million equivalent to 1.7p per share. This cash balance includes £3.1 million net of costs received from the placings announced on March 31 and April 7 2008.
|
Relevant Companies
For more Company information and share price data click below:
Headlines
» Bloomsbury boosts sports publishing expertise with John Wisden & Co buy
Friday, December 05, 2008
» SThree growth strategy pays off with robust full-year figures
Friday, December 05, 2008
» Interim losses at Abbey reflect property market turmoil
Friday, December 05, 2008
» Metal-Tech warns on profits as global markets slump
Friday, December 05, 2008
» Planet Payment launches multi-currency capabilities for customers
Friday, December 05, 2008
» Persian Gold raises new cash to fund Iranian mining project
Thursday, December 04, 2008
» Minmet receives AIM censure on day its shares are cancelled
Thursday, December 04, 2008
» Bond International to help improve head office recruitment at Tesco
Thursday, December 04, 2008
» Aricom slows-up production at Kuranakh project as market prices fall
Thursday, December 04, 2008
» Focus Solutions agrees contract extension with HSBC
Thursday, December 04, 2008
» Japanese patent granted for Axis-Shield rheumatoid arthritis test
Thursday, December 04, 2008
» Silence Therapeutics to make regulatory filing for lead cancer therapy
Thursday, December 04, 2008
» Northern Petroleum secures Netherlands state involvement in Andel III licence
Thursday, December 04, 2008
» Avid’s Electro-mec division slips into administration
Thursday, December 04, 2008
» Hydrodec upbeat on expansion progress
Wednesday, December 03, 2008
» Electronic Data Processing says MBO talks are off
Wednesday, December 03, 2008
» See all News
Features
» Acquisition trail: Intellego Holdings plc
Friday, November 28, 2008
» Speech recognition: Eckoh plc
Friday, November 21, 2008
» Hunting for oil: GETECH Group plc
Friday, November 14, 2008
» Mobile marketing: HipCricket Inc
Friday, November 07, 2008
» Market maker: GoIndustry-Dovebid plc
Friday, October 31, 2008
» Breathe easy: Verona Pharma plc
Friday, October 24, 2008
» Well connected: Nexus Management plc
Friday, October 17, 2008
» Fine form: Formjet plc
Friday, October 10, 2008
» Interview with Jim Hannon, Hannon Westwood
Friday, October 03, 2008
» Interview with Tim Feather, Hanson Westhouse
Thursday, September 25, 2008
» Interview with Mark Fahy, London Stock Exchange
Tuesday, September 16, 2008
» Healthy return: Source BioScience plc
Friday, September 12, 2008
» Business broker: St Helen’s Capital plc
Friday, September 05, 2008
» Shaw thing: NetDimensions Holdings Ltd
Friday, August 29, 2008
» Complete package: Dowgate Capital plc
Friday, August 22, 2008
» American dream: Caza Oil & Gas, Inc.
Friday, August 15, 2008
» See all Features
Most Read
» Silence Therapeutics to make regulatory filing for lead cancer therapy
Thursday, December 04, 2008
» Japanese patent granted for Axis-Shield rheumatoid arthritis test
Thursday, December 04, 2008
» Minmet receives AIM censure on day its shares are cancelled
Thursday, December 04, 2008
» Persian Gold raises new cash to fund Iranian mining project
Thursday, December 04, 2008
» Northern Petroleum secures Netherlands state involvement in Andel III licence
Thursday, December 04, 2008
» Avid’s Electro-mec division slips into administration
Thursday, December 04, 2008
» Bond International to help improve head office recruitment at Tesco
Thursday, December 04, 2008
» Aricom slows-up production at Kuranakh project as market prices fall
Thursday, December 04, 2008
» Focus Solutions agrees contract extension with HSBC
Thursday, December 04, 2008
» Mwana says BHP Billiton to withdraw from DRC diamond deals
Tuesday, December 02, 2008
» Hydrodec upbeat on expansion progress
Wednesday, December 03, 2008
» Acquisition trail: Intellego Holdings plc
Friday, November 28, 2008
» Gold Oil in joint venture to tap into Brazil
Thursday, April 13, 2006
» Servoca completes security sector acquisitions
Friday, December 07, 2007
» Accounting errors lead to Hat Pin suspension and director resignations
Friday, February 08, 2008
» The challenge for companies in the IT industry
Thursday, October 30, 2008
Profiles
» Short term AIMs for software and IT companies and their route through recession
Wednesday, November 19, 2008
» An introduction to Bango
Monday, November 10, 2008
» Delivering security when budgets are tight
Thursday, November 06, 2008
» So what are you going to do in 2009?
Monday, November 03, 2008
» Well connected: Nexus Management plc
Sunday, November 02, 2008
» Fine form: Formjet plc
Sunday, November 02, 2008
» Shaw thing: NetDimensions Holdings Ltd
Sunday, November 02, 2008
» Back on track: SciSys plc
Sunday, November 02, 2008
» An introduction to SERVICEPower
Friday, October 31, 2008
» Desktops in a virtual world
Friday, October 31, 2008
» PR strategies for technology companies
Friday, October 31, 2008
» AIM - the opportunities for IT and software companies
Friday, October 31, 2008
» The challenge for companies in the IT industry
Thursday, October 30, 2008
|