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Pin to quick picksHikma Pharmaceuticals Share News (HIK)

Share Price Information for Hikma Pharmaceuticals (HIK)

London Stock Exchange
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Share Price: 1,977.00
Bid: 1,979.00
Ask: 1,981.00
Change: -22.00 (-1.10%)
Spread: 2.00 (0.101%)
Open: 1,991.00
High: 2,006.00
Low: 1,977.00
Prev. Close: 1,999.00
HIK Live PriceLast checked at -

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Thursday tips round-up: Serco, Hikma Pharmaceuticals, Goals Soccer Centres

Thu, 22nd Aug 2013 07:31

The future for outsourcing outfit Serco is now uncertain as the Government calls for a detailed review of all contracts and profit margins are expected to slide. However, its update on trading in the second quarter was good. With long-term government contracts comes steady cash flow, and Serco has built a strong balance sheet over the years. What's more, brokers forecast indebtedness to fall by a fifth over the next two years. Serco shares remain a good long-term bet because of that balance sheet strength. However, we also need to see profit margin erosion arrested, the Daily Telegraph's Questor team says. Brokers have cut forecasts for this year and next, leaving shares on an earnings multiple of 14.2 times, falling to 13.2 next year, with a prospective dividend yield of 1.9 per cent, rising to 2.3 per cent they point out. As a result, Questor rates the shares as a hold.Generic drug manufacturer Hikma Pharmaceuticals yesterday announced a strong rise in first-half revenues of 20%to $638m, thanks to sales of its generic antibiotic called doxycycline, while pre-tax profits almost doubled. That came alongside a 17% increase in its interim dividend together with a special dividend, with the remainder of the funds being funnelled towards a reduction in the company's debt levels. Unfortunately, after a strong run - the stock has risen by more than 46% this year - the shares price in much of this good news, trading on a punchy 2014 adjusted earnings multiple of 21 times, so rate a hold for now, Questor says. The loose bid chatter around Goals Soccer Centres masked a move by Harwood Capital to strengthen its hand. The fund, the vehicle of activist investor Christopher Mills, has more than 15% of Goals, having added another half a million shares this week. The shares have edged to a three-year high of 160.5p. The company, with Keith Edelman, a former Arsenal Chief Executive, in as Chairman, is back in the "one to watch" category, writes The Times's Tempus. Please note: Digital Look provides a round-up of news, tips and information that is impacting share prices and the market. Digital Look cannot take any responsibility for information provided by third parties. This is for your general information only as not intended to be relied upon by users in making an investment decision or any other decision. Please obtain a copy of the relevant publication and carry out your own research before considering acting on any of this information.AB
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29 Apr 2022 09:09

Hikma Pharmaceuticals notes "slow" start for Generics business in 2022

(Alliance News) - Hikma Pharmaceuticals PLC said on Friday that both its Injectables and Branded businesses have performed well at the start of the year but noted its Generics business has experienced some headwinds.

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29 Apr 2022 08:32

Hikma shares fall as generics unit faces headwinds

(Sharecast News) - Hikma Pharmaceuticals shares fell as the company reported headwinds at its generics business.

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29 Apr 2022 08:25

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21 Apr 2022 16:06

UK dividends calendar - next 7 days

Friday 22 April 
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Rightmove PLCex-dividend date
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Smart Metering Systems PLCdividend payment date
St James's Place PLCex-dividend date
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21 Apr 2022 14:37

IN BRIEF: Hikma Pharmaceuticals completes Custopharm deal

Hikma Pharmaceuticals PLC - London-based generic drugmaker - Completes acquisition of Custopharm Inc from Water Street Healthcare Partners, following approval from the US Federal Trade Commission. Back in September, Hikma agreed to buy the California-based generic injectable products company for a total of up to USD425 million. Deal will add up to 13 approved products and additional pipeline products.

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20 Apr 2022 09:16

IN BRIEF: Hikma gets preliminary US approval for Custopharm acquisition

Hikma Pharmaceuticals PLC - London-based generic drugmaker - Receives preliminary approval from the US Federal Trade Commission for its planned acquisition of Custopharm Inc. Back in September, Hikma agreed to buy the California, US-based generic injectable products company for a total of up to USD425 million.

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20 Apr 2022 07:39

Hikma gets preliminary approval from US FTC for Custopharm deal

(Sharecast News) - Hikma Pharmaceuticals has received preliminary approval from the US Federal Trade Commission for the acquisition of sterile injectables company Custopharm Inc from Water Street Healthcare for up to $425m.

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12 Apr 2022 10:11

LONDON BROKER RATINGS: JPMorgan lowers Rolls-Royce; UBS likes Ryanair

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10 Mar 2022 16:10

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Gore Street Energy Storage Fund PLCex-dividend date
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Hikma Pharmaceuticals PLCex-dividend date
Ideagen PLCdividend payment date
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3 Mar 2022 10:02

LONDON BROKER RATINGS: Downgrades for Hikma Pharma and Royal Mail

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3 Mar 2022 08:28

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25 Feb 2022 09:40

IN BRIEF: Hikma Pharmaceuticals launches first phase of share buyback

Hikma Pharmaceuticals PLC - London-based generic drugmaker - Instructs Citigroup Global Markets Ltd, part of Citigroup Inc, to conduct the USD150 million first tranche of the USD300 million share buyback that it announced on Thursday. The initial phase will begin on Friday and end by June 25. Hikma had announced the buyback programme with its annual results, saying it reflected its strong cash generation, balance sheet strength, and confidence in future growth prospects. Hikma also had declared a final dividend of 36 cents, a 5.9% boost from a shareholder payout of 34 cents the year before. Its full-year dividend amounted to 54 US cents, up 8.0% from 50 cents.

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25 Feb 2022 08:22

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(Alliance News) - International Consolidated Airlines Group on Friday posted a narrowed loss for 2021, saying that after the setback caused by Omicron at the end of the year, bookings have rebounded strongly and it expects to fly 85% of its 2019 capacity in 2022.

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