[ad_1]
The PLC solid interim () were obscured by a warning about profits for the full year.
The drug delivery specialist said that delays in the planned approval date for US drug giant Mylan Wixela will hit profits for the full year.
Mylan had begun to build inventory in view of the potential launch and demand from US companies of Consort devices is now set to shrink in the short term due to the delay in the program.
The net result is that the board expects the profit before tax of the financial year to be influenced by around 3 million pounds sterling.
Consort Medical plc (CSRT) examined in a new market research report: the company provides technologies for inhalers and autoinjectors and production services to pharmaceutical manufacturers; and active pharmaceutical ingredients (API) and finished dose … https://t.co/fFDVpNmYBS pic.twitter.com/3VQcPj0egR
– XmarketReports (@XmarketReports) December 4, 2018
The RBC broker Capital Markets responded by cutting its price target to 1,320 points from 1,430 points, even though it maintained its "outperform" rating. The shares in Consort are currently trading at 765p, down 216p on the day.
"While the delay in approving this program and the expected short-term negative impact on our business is disappointing, our vision of the maximum sales opportunities for the product remains unchanged," said Jonathan Glenn, managing director. delegate of Consort Medical.
At the risk of looking like the reporter who asked Mrs. Abraham Lincoln what the game was, Consort's half-year results were respectable, with a 28% rise in tax profit at 9.6 million pounds of 7.5 million pounds. of pounds the year before with flat entrances.
The net borrowing of £ 95.3 million, against £ 95.3 million a year earlier, was in line with expectations and about 1.6 times the underlying annual earnings (EBITDA).
Literally all I do is to see which company has exploded. So try to see if the IC has overturned it. Consort Medical #CRST recently the tip of IC at 12 September 2018 at 1,190 pence. Today less than 800p after a 20% slide. A third in total in about three months. pic.twitter.com/xuYhCd0DkX
– ChronicInvestor (@ChronicInvest) December 4, 2018
10.15: Tekmar sunk time delays
The first set of results for () since it started in June turned out to be a bit disappointing.
The supplier of protection systems for submarine cables, umbilical and flexible cables has fluctuated to 130 p, but has long since stopped floating and is sinking in the last two months, passing from another 30p to 97.5 p.
The current fall followed the disclosure of the half-year results of a short-term delay in the awarding of the bids' preferential contracts and a shift in the recognition of revenues from the first half of the current fiscal year to the second due to delays in decisions on customer procurement.
The company said the delay plus a change in the product mix means that annual profits – or losses if you prefer – will probably be closer to those achieved in the 2018 fiscal year, although the company expects to return to profitability in 2020.
"The bargaining activity has increased during the period and the group has a record order backlog of £ 12.9 million," noted Alastair MacDonald, Tekmar's non-executive chairman.
"There was, however, a delay in the awarding of TekLink offshore wind contracts at a higher margin, on which we preferred the offerer status.Our customers have changed delivery times from the & # 39; sending the order to delivery up to six months, postponing the signing of contracts for a similar period, "he explained.
"It is important to note that this impact on the FY19 profit is purely a timing issue, which will be partially mitigated by the profits generated by the recent acquisition of Subsea Innovation," MacDonald added.
READ The Tekmar Group returns to its origins with the acquisition of Subsea
9.15: rebounds
PLC (), the mining encryption service provider, was one of the first to get up early after an optimistic trading declaration.
The company stated that sales of its mining cryption subscription packages exceeded its targets with "a significant margin ahead of schedule" as growth continued to outweigh its supply and expectations.
The annualized execution rate of revenue should now be 6.2 million US dollars (4.8 million pounds), compared to 0.26 million US dollars when it is listed on the main London market in August.
Argo added that his net cash balance amounted to around £ 15m as at November 30th.
The Bitcoin bubble may have broken out this year, but in an echo of the Californian gold rush, where anecdotal evidence states that the safest way to earn money was to sell mining equipment to the prospectors, c & # 39. Clearly, there is still money to be made in the crypto -currency world.
The Argo shares increased by 18.4% to 5.625 pence.
Want to add to your vacation #reading list? Lot of #books discuss the potential of #cryptocurrencies is #blockchain technology, and what is the future of #digital currencies could look like. Check out this handy list to get started! https://t.co/AViXqJG4ld #cypto #cryptonews
– Argo (@ArgoMining) 3 December 2018
() made two announcements this morning and while the results of the whole year were decent for a company of the initial phase, it is fair to say that it was probably news about a modification of the contract that brought the actions of 12, 8% more at 26.5 points.
The data analysis company, which provides insights into neuroscience, stated that the scope of an ongoing contract with a top 10 biopharmaceutical was expanded, increasing the contract value of US $ 2.4 million for the remaining six years of agreement in the United States $ 5.1mln.
Other proactive news headlines:
(LON: DISH), the company that manages a restaurant performance management platform, has announced the appointment of SVS Securities as a joint broker with immediate effect.
discoverIE Group PLC () increased its provisional dividend after recording an increase in profits of almost 25% for the first half.
Demand for regenerative (and) biomaterial drugs has increased in the first half of the current financial year.
Chinese motor giant Weichai Power has confirmed that it will take a further 10% stake in Power Holdings PLC () as part of a strategic partnership agreed in May. The two also agreed to create a joint venture for the production of fuel cells in China, a licensing agreement to transfer the key technology to the company and a new joint development agreement of 9 million pounds sterling.
Digital marketing and advertising company Taptica () curled up after CEO Hagai Tal offered to resign last night. Tal was held responsible for some statements made in connection with the sale of Plimus in 2011, where he was managing director and shareholder.
The project management and consultancy group () has repeated its guidance for the entire year after going through a relatively tough "hard" first semester.
Life science activities () have secured a distributor in Greece and Cyprus for the SlimBiome Medical weight loss device. The listed company AIM has stated that its partner has a well-established distribution network in Cyprus, Greece and the Middle East and has achieved a track record in bringing new products to the market directly to pharmacies. The nameless distribution company is associated with a number of private clinics that provide treatments to people around the world.
Every hole in the last drilling campaign at Havieron's (s) license in Western Australia has produced "significant visible mineralization".
PLC () purchased Jubilee Close, a 44,844-square-foot sale in Weymouth.
said he had submitted four new licensing applications to increase his current gold exploration interests in the Victoria region of Australia and is undertaking further work to identify other strategic exploration opportunities. He said that three of the applications were presented in the Bailieston / Moormbool gold project area to increase existing licenses.
The latest update from () revealed to investors that "top hole" drilling operations are complete for Lesedi-3, Lesedi-4 and Leslie-5 "optional" wells. He added that the coal bed methane project is on time and in line with the budget.
(LON: DGOC) told investors that they had reached an agreement with West Virginia's Department of Environmental Protection regarding the company's good dismantling obligations.
() initiated an EM survey to search for nickel targets to be drilled in his Hanns Camp project in Laverton, Western Australia. The ground survey follows the drilling of the air core at the start of 2018, which confirmed three valid destination areas, Hanns Camp South, Royal North and Royal Central.
The president of Europe Oil & Gas Holdings PLC (), Simon Oddie, told investors that the company is pursuing a new venture opportunity in Morocco, to add to the high-potential exploration of offshore Ireland and the its mired English projects.
Only Oil (), the investment company in natural resources focused on the acquisition and development of an unmanaged global portfolio of strategic oil and gas assets, announced the appointment of Tom Reynolds as an independent non-executive director. Reynolds is a professional engineer with over 25 years of experience in the energy industry, including a number of technical and commercial roles with BP, Total and British Nuclear Fuels.
(), the hydrocarbon production, oil exploration and exploration company in the United Kingdom announced the appointment of Frazer Lang as a non-executive director with immediate effect. The group said Frazer is also an executive director of Union Jack's trading partner, Humber Oil & Gas Limited, with whom Union Jack established a report in March 2018, in which both parties seek to co-invest in hydrocarbon opportunities in the UK.
[ad_2]Source link
