22/10/1999
This Israeli company proudly declared interim pre-tax profits, including exceptional items, of $89,000 - a hollow boast given that this was entirely due to the first $400,000 instalment from the sale of its Fob Stop technology, which now leaves the group with virtually no trading activity. Turnover was significantly reduced to $464,000 ($981,000). The sale of the Fob Stop, which prevents beer dregs flowing from a dead barrel, to its US distributor will bring in a second instalment of $400,000 alongside a $2.50 royalty for every item sold, though a patent issue in Europe will have to be resolved before the cash starts flowing in. In the meantime, Selector will have to rely on its water purification subsidiary and a new hot and cold drinks dispenser.
| Market cap: | £490,000 |
| PE Forecast: | n/a |
| PE Historic: | n/a |
| Share price: | 2.5p |
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| 29/05/2007 |
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