Companies: Arcontech Group PLC (ARC:LON)Genedrive Plc (GDR:LON)
Companies: Genedrive Plc (GDR:LON)Ideagen PLC (IDEA:LON)
Audited full-year results for the year to 30 June were in line with the unaudited FY 2021 results released at the time of genedrive’s recent placing and open offer, with revenues of £0.7m (2020: £1.1m) and a loss for the year of £0.7m (2020: £19.4m loss). Unaudited cash at 31 October was £7.3m after the successful equity fundraise of £7.1m gross (c. £6.6m net) in September 2021, which extends its cash runway into 2023. The results reflect a disappointing year in which genedrive was unable to ach
Companies: Genedrive Plc
genedrive has raised £6m with up to £4.5m possible via an Open Offer to launch its point-of-care (POC) antibiotic-induced hearing loss (AIHL) test in September, complete development and launch of its POC molecular COVID-19 test, and support commercialisation and further product development activities. Both new tests will utilise the Genedrive® POC instrument platform, which is a proven molecular diagnostics (MDx) platform validated by the US Department of Defense (DoD). The AIHL test could suppo
Dish of the day
Dispersion Holdings (AQSE:DEFI) an investor in the high growth FinTech sector within the UK, the USA and Canada, has listed on the Access Segment of the Aquis Stock Exchange Growth Market. The Board intends to deploy the majority of the Company’s cash resources in the acquisition of minority interests in a number of different, yet to be identified, companies in the broad FinTech sector, and to apply expertise to the business operations and strategic plans of these companies. Pla
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Semper Fortis Esports* recently announced its intention to IPO onto the Access Segment of the Aquis Stock Exchange Growth Market. Semper is a multi-operational Esports organisation focusing on gaming technology solutions, brand enhancement and high growth team infrastructures. The company plans to raise £2.5m to develop their three core areas of establishing an esports team, forming partnerships with brands for sponsorship and B2B consultancy services. The Board are highly experienced in sports
Companies: KIBO MTW GWI MTR DUKE ITM GDR MSMN CMCL PTRO
Companies: Robinson plc (RBN:LON)Genedrive Plc (GDR:LON)
Half-year results to December 2020 reflect a period in which genedrive has made notable strides, but also reflect frustrating delays in commercialising its products, largely due to factors outside of its control. genedrive generated revenues of £0.4m in the half-year (2019: £0.6m, -43%), with an adjusted net loss of £2.9m (2019: -£2.8m, -3%) with cash of £3.8m at the end of the period. genedrive remains hopeful for FDA emergency use authorisation (EUA) for Genedrive 96® SARS-CoV-2 and remains in
Companies: IDEA PPC GDR
Proposed move to AIM from the main market (standard) by Emmerson (EML.L) to provide Emmerson with access to a market and environment which is more suited, in the Board's view, to the Company's current size and strategy ahead of pivotal period for the Company with the commencement of mine construction at the Khemisset Potash Project expected by end of 2021. Follows recent award of Mining Licence granting Emmerson exclusive right to develop and mine the potash deposit and £5.5m raise to fund ongoi
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Supreme, a leading manufacturer, supplier and brand owner of fast moving consumer products, announces the successful pricing of its initial public offering at 134 pence per share with institutional investors, to raise gross proceeds of £67.5 million. It is expected that dealings in the Shares will commence at 8.00 a.m. on 1 February 2021 on AIM NQ Minerals, the base and precious metals producer from its 100% owned flagship Hellyer Mine and the 100% owner of the Beaconsfield Gold Mine, both in no
Companies: KIBO PCIP BLV DSG GDR RBD ACSO TRB GHE PIP
Research Tree provides access to ongoing research coverage, media content and regulatory news on Genedrive Plc.
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Today’s update reveals many of the challenges flagged in September have persisted. Alongside rising input/logistics costs, and volatile customer ordering, revenue guidance has been reduced by 10%. We have rippled a similar reduction through to FY22, leading to EPS downgrades of 27% this year and 38% next year. The company continues to look to 2022 with confidence, and maintains its medium term ambitions for profitable expansion.
Companies: Venture Life Group Plc
Venture Life Group has provided a trading update and details of changes to the company's board. While the recent acquisitions are integrating as planned, COVID-related challenges have persisted including pricing pressure, freight charges and Chinese sales. The company now expects FY21E revenues to be not less than £32m and we have moved our forecasts in-line with this guidance. Venture Life has also announced Dr Drummond and Mr Waters, Chair and CFO, respectively, will retire from the board and
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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
SDI reported a strong set of interim results to 31 October that were in line with its trading update of 4 November, reporting an 89% increase in adjusted pre-tax profit, driven by 75% revenue growth. Organic growth of 42% benefited from peak shipments under the Atik OEM contract, expected to be completed by January, without which underlying business growth was still an impressive 24%. We leave our forecasts unchanged for now, but consider the prospect of upward revisions based on trading and acq
Companies: SDI Group plc
A very positive trading update from SDI Group justifies upgrading FY 2022 sales by 7% (£2.8m) to c.£45m. Part of this can be explained by a stronger-than-expected performance from Monmouth Scientific (acquired in H2 FY 2021) and slightly higher Atik sales, but the majority is attributable to strong growth across its broader business portfolio, with sales in these businesses estimated to have risen c.16% in H1, supporting earlier comments that order patterns were returning towards pre-pandemic no
SkinBioTherapeutics has released its FY21A results for the 12-months to June 21. Calendar 21 has been a landmark year for SkinBioTherapeutics, capped by the launch of the company's first product, AxisBiotix-Ps in October. For FY21A, the pre-tax loss was c£1.5m versus our forecast loss of c£2.4m, which along with lower CAPEX, resulted in a stronger year-end cash balance of £4.6m than we had forecast. We believe the development of the two lead commercial pillars, SkinBiotix and AxisBiotix, is prog
Companies: SkinBioTherapeutics Plc
OptiBiotix has announced the launch of a new sports nutrition product range, LeanBiome, which has been licensed to a leading global player in the beauty & nutrition market. The partner's new product line, containing LeanBiome, is scheduled to be rolled out from January 2022 in Europe and Asia and could be introduced in North America in due course. First orders worth £200k have been placed and the agreement is expected to generate a minimum of £1m in annualised recurring revenues to OptiBiotix. T
Companies: OptiBiotix Health PLC
IXICO has reported results for the 12-months to September 2021. In-line with its recent trading update, revenues were £9.2m while EBITDA was £1.7m, £0.1m ahead of our £1.6m estimate. We see these as strong results in a year impacted by the pandemic and Huntington's Disease (HD) trials de-scopes. The company ended FY21 with a strong order book (£18.8m), cash position of £6.7m and increased net assets of £11.2m. We are leaving our FY22E forecasts unchanged, which, following the announced trial hal
Companies: IXICO Plc
As highlighted in the full year results announcement last month, Oncimmune has seen a significant increase in business activity since the end of the summer. A number of deals have been signed with both new and existing customers, leading to a record quarter in terms of contract wins. These include two contract wins with two new large pharma customers investigating SLE, a condition that is currently incurable and difficult to diagnose. In addition, a number of other contracts are in late stage ne
Companies: Oncimmune Holdings Plc
Companies: Medica Group Plc
SkinBioTherapeutics has made significant progress through 2021, and ahead of the launch of its first product, AxisBiotix-Ps on World Psoriasis Day, we provide an overview of the company, its commercial channels and its progress. With the imminent launch of AxisBiotix-Ps, the company is at a significant inflection point, transitioning from a development organisation to a commercial operation. Importantly SkinBioTherapeutics has four further commercial channels in progress behind this lead opportu
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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
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*A corporate client of Hybridan LLP
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.
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Ashtead Tech, subsea equipment rental and solutions provider for the g
Companies: VAL ALNOV GMR
ECO’s overweight exposure to China continues to have a bearing on the short term outlook, with volatile pork prices impacting on demand and forward visibility. Whilst prices have rebounded strongly off their lows, stability is needed to restore the market to equilibrium. Trading in the rest of the world remains more positive and in line with expectations. After downgrading at the AGM in September, we push through further China-related downgrades, the net impact is -37% at the EPS level this year
Companies: ECO Animal Health Group plc
Companies: PureTech Health PLC