Companies: BVXP DEST TSTL
Bioventix reported FY 2021 results that showed an improvement in H2 revenue growth (+11% vs +1% in H1), suggestive of a return to pre-pandemic testing volumes and growth, resulting in FY 2021 revenues +6% to £10.9m. Adjusted pre-tax profit, however, fell 3% to £8.1m, impacted by c.£0.5m (-6%) FX movements. A 38p special dividend was proposed, resulting in a full-year dividend of 143p, up 1%. FY 2022 will be a transition year, impacted to some extent by FX headwinds (c.-5%) and the loss of c.£1.2
Companies: Bioventix Plc
Companies: BVXP DEST CORA
Bioventix delivered a very credible set of interims given the impact of COVID-19 on the broader IVD market. Revenues rose 1% resulting in an adjusted pre-tax profit and adjusted EPS falling 7% and 9% to £3.9m and 61.5p, respectively. An interim dividend of 43p was declared (+19%) with net cash at period end of £5.8m. Vitamin D antibody sales/royalties were c.£2.3m (up c.4% on H2 FY 2020), with troponin more than doubling to c.£0.3m and the balance of its portfolio up c.8%. The macro outlook for
Bioventix (BVXP): Corp | Elixirr (ELIX): Corp | IQGeo Group (IQG): Corp | Omega Diagnostics (ODX): Corp | Proactis (PHD): Corp | Shield Therapeutics (STX): Corp | Tristel (TSTL): Corp
Companies: BVXP ODX PHD TSTL IQG ELIX
Bioventix reported a strong set of full-year results, that were 8% above expectations, assisted in part by a c.£0.2m (+3%) FX benefit, which helped offset the obvious drag on performance in Q4 due to the impact of COVID-19 on routine testing in hospitals. A 53p special dividend was proposed, resulting in a full-year dividend of 141p, up 18%. Due to the COVID-19-related disruption to testing, which only exacerbates the poor visibility to customer royalty streams, we are withdrawing forecasts unti
Bioventix (BVXP): Corp | K3 Business Technology (KBT): Corp | LPA Group (LPA): Corp | Robinson (RBN): Corp
Companies: BVXP KBT RBN LPA
Amino Technologies (AMO): Corp | Belvoir Group (BLV): Corp | Bioventix (BVXP): Corp | Maintel (MAI): Corp | Morses Club (MCL): Corp | PCI Pal (PCIP): Corp | Solid State (SOLI): Corp | Somero Enterprises (SOM): Corp
Companies: BVXP MAI SOLI SOM PCIP BLV
Bioventix delivered a strong set of interims, with revenues up 21%. Given the 9% decline in operating expenses, this resulted in a 31% increase in adjusted EBITDA, with adjusted pre-tax profit also rising 31% to £4.4m (52% of full-year forecasts) and adjusted EPS up 29% to 69.4p. An interim dividend of 36p was declared (+20%) with net cash at period end of £5.5m. Growth was driven by both Vitamin D antibody sales/royalties (+c.25%), its portfolio of other antibodies (+c.12%) and a more meaningfu
Bioventix (BVXP): Corp FY 2019 results – signs of troponin progress | D4T4 Solutions (D4T4): Corp H1 meets expectation and a record H2 is forecast | President Energy (PPC): Corp Acquisition and subscription
Companies: BVXP D4T4 PPC
Bioventix reported full-year results in line with expectations, although 4% (£0.3m) higher than expected revenues were offset by higher costs. A 47p special dividend was proposed, resulting in full-year dividend of 120p, up 3%. Strong underlying revenue growth (c.16%), which excludes c.£0.8m of backdated royalties, supported by evidence of early sales traction of troponin, provides a solid base for future growth. We have made minor changes to FY 2020 forecasts as well as introducing FY 2021, whi
Bioventix delivered a strong set of interims, distorted by last year’s inclusion of c.£0.8m of back-dated royalty payments from one customer. Whilst statutory revenues rose 2% and pre-tax profits fell 5%, the underlying performance was considerably stronger, with revenues rising by 24% (21% CER) and underlying adjusted EPS up 27% to 53.8p. An interim dividend of 30p was declared (+20%), with net cash at period-end of £5.5m. Growth was driven by both Vitamin D antibody sales/royalties and other a
Bioventix (BVXP): Corp The antibody that keeps on giving | Kazera Global (KZG): Corp Interim results
Companies: Bioventix Plc (BVXP:LON)Kazera Global plc (KZG:LON)
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Research Tree provides access to ongoing research coverage, media content and regulatory news on Bioventix Plc. We currently have 51 research reports from 3 professional analysts.
Friday's market sell off saw some violent downward moves in many stocks with little initial differentiation between sectors or the key drivers of businesses, creating significant share price drops in a number of higher quality or uncorrelated names. We take a look at some stocks we believe have either seen an unwarranted sell-off, have seen weakness go under the radar or where there is now a more attractive opportunity.
Companies: ANX IBPO CYAN SOM EQT AFM
Joiners No joiners today Leavers No leavers today What’s cooking in the IPO kitchen? Trinistar Liverpool S.a r.L announces its potential listing of a newly formed single asset company which will own the Capital Building in Liverpool on the IPSX. Upon admission the Company would become a real estate investment trust (REIT). The Capital Building occupies close to a 3.5 acre freehold site in the centre of Liverpool’s business district; the building comprises c425,000 square feet of predominantly of
Companies: ADBE ADBE SYM ARC AVCT CMCL CLIN DCTA FRAN OSI
Companies: PayPoint plc
i(x) Net Zero, the investing company which focusses on Energy Transition and Sustainability in the Built Environment, announces its intention to join AIM. Following Admission, the Company intends to use the net proceeds of the proposed Fundraising to provide development and expansion capital to certain of its investee companies, for future investments in companies that fall primarily within its areas of interest in Energy Transition and Sustainability in the Built Environment and to provide work
Companies: TGN AFC COIN COIN HL/ OMI
Franchise Brands has announced the earnings accretive acquisition of Azura Group, a leading franchise management software system developer for net consideration of £825k. Franchise Brands has partnered with Azura since 2018 to develop its Vision works management system. The acquisition consolidates Franchise Brands' technology investment and IP to date as the group develops a common technology platform across all its businesses. In addition, Franchise Brands sees considerable scope to develop Az
Companies: Franchise Brands plc
Tern plc* (TERN.L, 14.35p/£50.5m) Portfolio update: Strategic investment for Device Authority from global player (02.12.21) | Mirada plc* (MIRA.L, 74p/£6.6m) Interims: Return to growth; expansion of sales pipeline (02.12.21) | Blackbird plc* (BIRD.L, 28.75p/£96.9m) Update: Additional US TV stations secured (03.12.21) | Mobile Tornado plc* (MBT.L, 1.875p/£7.1m) Update: Notice from customer (01.12.21)
Companies: TERN MIRA BIRD MBT
Joiners No Joiners Today. Leavers No Leavers Today. What’s cooking in the IPO kitchen? Public Policy Holding Company, to join AIM. PPHC, through its wholly-owned companies, operates a portfolio of independent firms that offer public affairs, crisis management, lobbying and advocacy services on behalf of corporate, trade association and non-profit client organisations. Mkt Cap and Capital to be raised TBC. Expected admission date Mid Dec. Libertine to join AIM. Libertine has developed a technolog
Companies: TRAK GAMA AAZ FNTL DPP
Water Intelligence has announced the reacquisition of its South Oregon franchise for $1.38m, delivering quickly on its proposed reacquisition strategy outlined in last months oversubscribed £12.5m fundraising. The consideration equates to 1.2x FY21 revenue and 5.5x PBT and will be paid over the next 12 months and is highly accretive. We view the acquisition as attractive and strategically the acquisition fits well with the January reacquisition of Seattle, also in the Northwest USA. We make no c
Companies: Water Intelligence plc
Against the backdrop of the 26th UN Climate Change Conference of the Parties (COP26) we take a closer look at the rapidly developing technology and industries surrounding the evolution of the so-called hydrogen economy. Hydrogen is an energy vector or fuel that is capable of storing, transforming and transporting energy with zero emissions at the point of use. It can also be made by renewable energy sources. It is also the most abundant element in the universe accounting for some 75% of all matt
Companies: STA CZA 1PG AFC CWR CHAR EQT GTC HAYD IGAS ITM ORCP PPC RCDO RIO SNT TOU UKOG WG/
ValiRx is a life sciences company which accelerates the development of treatments in oncology and women's health. The company is reaching a significant strategy inflection point as it continues implementation of its “connected innovation” strategy. It has signed a letter of intent to out-license VAL201, demonstrating good progress has been made to generate value from its legacy assets and move towards consolidating ValiRx' position as a key player in oncology and women's health. We initiate with
Companies: ValiRx PLC
Outstanding performance, in our view, disclosed by the UK-based FinTech on the occasion of its first earnings presentation. The top line, which had already been disclosed in mid-October was of no surprise however, the full financial statements have been provided, yielding a strong feeling of optimism and satisfaction regarding the business model’s advancement. The firm used this opportunity to raise its top-line guidance from mid-20s to mid-to-high 20s.
Companies: Wise PLC Class A
Joiners No joiners today. Leavers No leavers today What’s cooking in the IPO kitchen? Katoro Gold plc (AIM: KAT), the AIM listed gold and nickel exploration and development company, announced that the Company and Target Mine Consulting (Pty) Ltd have agreed to seek admission for 100% of the Blyvoor Joint Venture project (BV) by vending each of their separate interests into a new company to be listed on the Standard List of the London Stock Exchange. Katoro will look to recover its total cash exp
Companies: BEG GYG SBTX SYS
*A corporate client of Hybridan LLP Joiners Hostmore plc (MORE.L) has demerged from Electra Private Equity PLC, and the shares admitted to the Premium Segment of the Main Market.. Hostmore is a growing hospitality business with its current operations focused on the American-themed casual dining brand, Fridays, and the cocktail-led bar and restaurant brand, 63rd+1st. Leavers No leavers today. What’s cooking in the IPO kitchen? Ashtead Tech, subsea equipment rental and solutions provider for the g
Companies: VAL ALNOV GMR
Climate change is a global threat. The negative impacts include interruption to infrastructure services, disruption to domestic and international supply chains, and the loss of human capital productivity. We summarise decarbonisation opportunities across a range of markets and highlight ten UK-listed small cap stocks that we believe will be beneficiaries of increased scrutiny on decarbonisation from governments, regulators, investors, consumers and businesses across supply chains.
Companies: QFI CRPR EPWN VLS MPAC SUR NBI MIO INSE MMAG
Coral products announced its interim results for the year ending April 2022. Revenue for the continuing businesses was +58% at £7.1m (vs. £4.5m in 1H21) and pre-exceptional EBIT was +35% at £0.76m, which is three-quarters of our full year expectations. This strong performance was achieved despite Global One-Pak, its distributor of plastic lotion pumps, triggers and mist sprayers, suffering from logistical issues importing from China and the ill health of its managing director. The two other busi
Companies: Coral Products plc
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