Survey and inspection services firm Remote Monitored Systems plc (LON: RMS) has seen its share price fall on Tuesday after the company said its subsidiary, Pharm 2 Farm, has seen the delivery of a machine delayed due to disruptions at the English/French border.
The machine was ready for loading on the 24th of December, but the haulier company said it could not make the delivery due to the ongoing situation at the border, brought about by the coronavirus pandemic.
RMS said the earliest the machine is now likely to be loaded is the 4th of January 2021.
Ready to put what you’ve learned into practice?
Try IG’s platform with £10,000 in virtual funds and practise trading
without putting your own money at risk.
Try IG with a demo account →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Learn the markets with IG Academy
Build your knowledge with IG Academy educational content, then use a
demo account to practise what you’ve learned on the IG platform.
Explore IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
See how trading works before risking real money
IG’s demo gives you access to thousands of markets and £10,000 in
virtual funds, so you can explore the platform and test your ideas first.
Open an IG demo →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Turn trading theory into practical experience
Learn with IG Academy, explore charts and market tools, and practise
strategies in a simulated trading environment before going live.
Start practising with IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Ready to take your learning further?
IG combines market education, analysis and an established trading platform,
giving you the tools to keep learning as you develop your trading skills.
Discover IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Test results for the company’s 4 ply mask certification now expected to be received in the first half of January 2021 RMS added. The test results for the 5 ply masks (targeted at Healthcare professionals in high-risk environments) are now likely to be available in early February.
The machine delivery and mask approval delays mean that expected maximum production volumes of 4 ply masks in Nottingham are likely to be 500,000 and 1.3m units in January and February 2021.
Manufacturing for the 5 ply mask is not likely to begin until early February.
Once the certifications are granted, the company expects to place an order with Volz for 0.5m masks incorporating P2F’s antiviral material layer.
RMS shares fell over 7% in early trading, although, they have since recovered and are currently trading at 1.30p, down 1.89%.
