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Pin to quick picksDigital 9 Share News (DGI9)

Share Price Information for Digital 9 (DGI9)

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Share Price: 22.00
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Change: -0.15 (-0.68%)
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SMALL-CAP WINNERS & LOSERS: Oxford BioMedica bullish; Petrofac slumps

Mon, 29th Apr 2024 10:42

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.

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SMALL-CAP - WINNERS

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Oxford BioMedica PLC, up 6.9% at 244.25 pence, 12-month range 164.29p-474.50p. The gene and cell-therapy company says it is seeing decent demand for its contract development and manufacturing organisation offering, as it moves away from the Covid-19 vaccine era. Oxford BioMedica's revenue in 2023 falls 36% to GBP89.5 million from GBP140.0 million and its pretax loss stretches to GBP188.5 million from GBP46.0 million. Hurting its bottom line is a GBP99.3 million impairment of assets booked in the US business, "driven by the cessation of revenues from Homology". Homology Medicines Inc is a genetic medicines company and client of Oxford Biomedica US. More promisingly, Oxford BioMedica reports a "small increase in core business" revenue. Chief Executive Officer Frank Mathias comments: "2023 was a year of transformation for Oxford Biomedica. We are building our position as a global pure-play cell and gene therapy CDMO and through our 'One OXB' strategy are unifying our operations in the UK, US and the EU, including our newly-acquired sites in France...Despite challenging market conditions, we continue to see strong demand for our CDMO services, further solidifying our position as a world-leading global CDMO in the rapidly expanding cell and gene therapy market."

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Digital 9 Infrastructure PLC, up 3.9% at 22.03 pence, 12-month range 14.50p-72.00p. The investor in internet infrastructure, such as data centres and subsea fibre receives a USD25 million deferred consideration payment in connection with its sale of Verne Global. Digital 9 plans an additional GBP47 million repayment and partial cancellation of its revolving credit facility.

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SMALL-CAP - LOSERS

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Petrofac Ltd, down 31% at 15.46p, 12-month range 13.91p-87.50p. It warns a financial restructuring could see a chunk of its debt converted to equity, resulting in dilution of existing shareholders. The energy infrastructure company also flags an extra USD130 million charge in its engineering and construction division and said the release of full-year results would be delayed.

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By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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5 Jun 2024 15:31

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Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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17 May 2024 18:55

TRADING UPDATES: PetroTal buys Peru's Block 131 for USD5.0 million

(Alliance News) - The following is a round-up of updates by London-listed companies, issued last week Wednesday and not separately reported by Alliance News:

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8 May 2024 12:08

Eric Sanderson appointed as chair of Digital 9

(Sharecast News) - Digital 9 Infrastructure announced the appointment of Eric Sanderson as its independent non-executive chair on Wednesday, to oversee the company's wind-down.

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30 Apr 2024 16:30

EARNINGS: Avacta sales jump; Poolbeg loss narrows; Digital 9 NAV down

(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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29 Apr 2024 15:45

TRADING UPDATES: Smarttech247 inks USD2.1 million contract

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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29 Apr 2024 07:57

Digital 9 to make additional revolving credit facility repayment

(Sharecast News) - Infrastructure company Digital 9 Infrastructure announced a significant step towards strengthening its financial position on Monday, with the receipt of a deferred consideration payment of $25m (£20m) related to the sale of the Verne Global group, as announced on 15 March.

Read more
26 Mar 2024 12:46

EARNINGS AND TRADING: Michelmersh profit up; Journeo wins bus deal

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on this week and Friday and not separately reported by Alliance News:

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18 Mar 2024 16:10

UK shareholder meetings calendar - next 7 days

Tuesday 19 March 
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Monday 25 March 
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Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
18 Mar 2024 16:10

UK shareholder meetings calendar - next 7 days

Tuesday 19 March 
BlackRock Throgmorton Trust PLCAGM
Crest Nicholson Holdings PLCAGM
Eco Animal Health Group PLCGM re share buybacks
Gresham House Renewable Energy VCT 1 PLCAGM
Gresham House Renewable Energy VCT 2 PLCAGM
Nuformix PLCAGM
Scirocco Energy PLCGM re requisitioned resolution to implement cash strategy
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CEPS PLCGM re capital reduction
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Athelney Trust PLCAGM
LungLife AI IncSpecial meeting re placing and subscription
Pressure Technologies PLCAGM
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Triple Point Energy Transition PLCGM re managed wind-down
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Monday 25 March 
Digital 9 Infrastructure PLCGM re managed wind-down
Hardide PLCAGM
Sondrel Holdings PLCGM re convertible loan agreement and proposed fundraise
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
15 Mar 2024 20:31

IN BRIEF: Digital 9 completes sale of Verne for around GBP450 million

Digital 9 Infrastructure PLC - London-based investor in internet infrastructure, such as data centres and subsea fibre - Completes the sale of its entire stake in the Verne Global group of companies to funds managed or advised by Ardian France SA for up to USD575 million, around GBP450 million. This is in line with previous statements.

Read more
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(Alliance News) - Stock prices in London closed higher on Wednesday, as Federal Reserve Chair Jerome Powell's testimony lacked in hawkish surprises, while the pound nudged higher as traders digested a series of policy measures unveiled by UK Chancellor Jeremy Hunt.

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6 Mar 2024 12:02

LONDON MARKET MIDDAY: Stocks climb ahead of UK spring budget

(Alliance News) - Stock prices in London were higher at midday Wednesday, as investors prepared for what the UK spring budget, with tax cuts potentially on the cards.

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6 Mar 2024 11:51

IN BRIEF: Digital 9 shares jump on Iceland approval for Verne sale

Digital 9 Infrastructure PLC - London-based investor in internet infrastructure, such as data centres and subsea fibre - Receives merger control approval in Iceland for the completion of the Verne transaction. On Tuesday, Digital 9 had received approval in Finland. Back in November, Digital 9 announced the sale of its stake in the Verne Group for up to USD575 million to funds managed by Ardian France SA, a Paris-based investment and asset management firm. Closing of the Verne transaction is now expected to take place before the end of the first quarter of 2024.

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6 Mar 2024 09:28

Digital 9 Infrastructure gets regulatory approval to sell Verne Global

(Sharecast News) - Digital 9 Infrastructure surged on Wednesday after saying it had received regulatory approval to sell Verne Global, paving the way for it to potentially wind down and return funds to shareholders.

Read more

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