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Pin to quick picksFusion Antibody Share News (FAB)

Share Price Information for Fusion Antibody (FAB)

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AIM WINNERS & LOSERS: Totally swings to half-year loss on NHS blow

Tue, 28th Nov 2023 10:33

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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AIM - WINNERS

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Supreme PLC, up 15% at 126.24 pence, 12-month range 87p-135p. The manufacturer and distributor of battery, lighting and vaping products says its interim profit jumps, and upgrades annual guidance after strong third-quarter-to-date trading. In the six months to September, revenue rises 63% on-year to GBP105.1 million from GBP64.6 million. Pretax profit nearly triples to GBP12.3 million from GBP4.4 million. It raises its interim payout to 1.5p per share from 0.8p the prior year. The firm says its second half has "begun very well", with growth reported across all divisions. It now expects financial 2024 revenue to be between GBP210 and GBP225 million, which is up from March's guidance of GBP195 to GBP205 million. Adjusted earnings before interest, tax, depreciation and amortisation are forecast between GBP32 to GBP35 million, compared to the prior range of GBP28 to GBP30 million.

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Fusion Antibodies PLC, up 17% at 4.05p, 12-month range 3.02p-70p. The contract research organisation providing discovery, design and optimisation services for therapeutic antibodies to the healthcare market signs a collaboration agreement with the US National Cancer Institute. The collaboration will see the NCI use the firm's OptiMAL to discover novel antibodies in targets selected by NCI. "We are delighted to have been able to secure a partner with the expertise of NCI to provide validation to the technology without Fusion being required to commit significant resource to the project," says CEO Adrian Kinkaid. OptiMAL is a new mammalian antibody library, which Fusion says eliminates the need for platform switching and reformatting common with other approaches.

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AIM - LOSERS

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Totally PLC, down 24% at 6.69p, 12-month range 6p-38p. The healthcare services provider reports a disappointing set of interim results for the six months to September 30. Totally says revenue drops to GBP55.8 million from GBP70.3 million year-on-year, while the firm swings to a pretax loss of GBP1.9 million from GBP1.0 million profit. The firm blames the previously-outlined "crisis" faced by the UK National Health Service for the lower revenue, given the loss of North West London contracts. "As the contracts came to the end of their contracted period, and despite previous assertions that we would retain the contracts, the ICB allowed the contracts to end. We were unable to terminate all costs immediately at that point but have since undertaken a significant cost review to remove costs related to those contracts as well as other costs which are not critical to the day to day running of the business," says Chair Bob Holt. Bolt will step down from the end of the year,,with Simon Stilwell to take his place from January 1. Stilwel was previously CEO of Bonhill Group PLC, and Liberum, which he co-founded, and currently is a non-executive director at Gresham House PLC.

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By Elizabeth Winter, Alliance News deputy news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
25 Feb 2019 11:56

Fusion Antibodies Guides For Revenue "Materially Below" Market Views

LONDON (Alliance News) - Fusion Antibodies PLC on Monday warned that annual revenue will be "materially below current market expectations" due to the uncertain timing of closure of were

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25 Feb 2019 10:43

Fusion Antibodies dives as revenues falter

(Sharecast News) - Fusion Antibodies' shares plummeted on Monday after the company warned of failing revenues due to uncertainty surrounding the timing of "a number of potential substantial orders".

Read more
17 Dec 2018 14:51

Fusion Antibodies launches new 'RAMP' platform

(Sharecast News) - Pharmaceutical contract research organisation Fusion Antibodies launched its new 'Rational Affinity Maturation Platform' (RAMP) at the Antibody Engineering Conference in San Diego last week, it announced on Monday.

Read more
26 Nov 2018 10:39

Fusion Antibodies Interim Loss Widens On Increasing Competition

LONDON (Alliance News) - Fusion Antibodies PLC on Monday said that increasing competition, pricing pressures, and lower order levels have resulted in a substantial fall in revenue and a sharply of

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26 Nov 2018 10:17

Fusion Antibodies sees losses widen throughout 'challenging' first half

(Sharecast News) - Pharmaceutical research outfit Fusion Antibodies saw losses widen sharply throughout the first half of its trading year after revenues more than halved.

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24 Sep 2018 17:03

DIRECTOR DEALINGS: Fusion Antibodies Non-Executive Buys Shares

LONDON (Alliance News) - Fusion Antibodies PLC said Monday Non-Executive Director Timothy Watts bought shares worth GBP10,237 in the life sciences firm in a transaction last Thursday.Watts

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16 Aug 2018 13:40

Fusion Antibodies Posts Solid Revenue Rise But Warns On Current Trade

LONDON (Alliance News) - Fusion Antibodies PLC on Thursday said it has delivered strong annual revenue growth in a year in which it joined the London Stock Exchange's AIM market.The in

Read more
16 Aug 2018 08:10

Fusion Antibodies gets dragged to a loss as non-recurring items skyrocket

(Sharecast News) - Contract researcher Fusion Antibodies saw revenues hit £2.7m in its last trading year but was unable to chalk up a profit.

Read more
16 Aug 2018 08:10

Fusion Antibodies gets dragged to a loss as non-recurring items skyrocket

(Sharecast News) - Contract researcher Fusion Antibodies saw revenues hit £2.7m in its last trading year but was unable to chalk up a profit.

Read more
13 Aug 2018 10:31

WINNERS & LOSERS SUMMARY: Chemring Says Fatal Accident To Hurt Profit

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.----------FTSE 100 - WINNERS----------BAE up 0.8%. a

Read more
13 Aug 2018 10:26

Fusion Antibodies Shares Fall 30% After Profit Warning For New Year

LONDON (Alliance News) - Shares fell in Fusion Antibodies PLC on Monday as it reported that trading in its current financial year to date has been slower than expected, due to increase competition

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13 Aug 2018 08:27

Fusion Antibodies shares tumble following downbeat outlook

(Sharecast News) - Fusion Antibodies shares crashed on Monday morning after the Belfast-based researcher revealed that year-to-date trading had been "slower than anticipated".

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24 May 2018 14:59

Fusion Antibodies Receives Up To GBP213,000 Grant From Invest NI

LONDON (Alliance News) - Fusion Antibodies PLC said Thursday it received additional grants from regional business development agency Invest Northern Ireland of up to GBP213,000.The company

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4 Apr 2018 08:00

Qatar's market manipulation fears fuelled by "abnormal" derivative moves-bank CEO

* Qatar c. bank probing market manipulation during Gulf standoff * Qatar's top bank helping central bank with probe * QNB says has cash

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29 Mar 2018 14:03

MIDEAST STOCKS-Saudi retreats after winning FTSE emerging status, rest of region strong

* Saudi market had surged before FTSE decision * Profit-taking is moderate, little downside seen * Other Gulf bourses may get some relief from fund outflows * blue chips climb

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