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Pin to quick picksInt.biotech. Share News (IBT)

Share Price Information for Int.biotech. (IBT)

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Share Price: 640.00
Bid: 636.00
Ask: 640.00
Change: -8.00 (-1.23%)
Spread: 4.00 (0.629%)
Open: 646.00
High: 646.00
Low: 632.00
Prev. Close: 648.00
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International Biotechnology is an Investment Trust

To achieve capital growth through investing in high growth, development stage biotechnology companies.

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TRADING UPDATES: Higher annual payouts for Lok'nStore, K3 Capital

Mon, 01st Nov 2021 15:08

(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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K3 Capital Group PLC - Bolton, England-based professional advisory services firm - For the year ended May 31, pretax profit rises 19% to GBP7.6 million from GBP6.4 million the year before, on revenue which more than triples to GBP47.2 million from GBP15.0 million, through new acquisitions and the establishment of new service lines. Recommends final dividend of 6.1 pence per share, bringing total payout to 9.1p, up 23% from 7.4p the prior year. Looking ahead, is confident in the outlook for the current financial year due to robust pipelines as growth is set to continue across all group divisions.

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Lok'nStore Group PLC - Farnborough, England-based provider of self storage space - For the year ended July 31, pretax profit rises 36% to GBP6.4 million from GBP4.7 million the year before, on revenue which grew 22% year-on-year to GBP21.9 million from GBP18.0 million. As at January 31, total assets increases 30% to GBP280.3 million from GBP216.3 million, while adjusted net asset value per share rises 32% to 731 pence from 556p. Operationally, occupancy increases to 85.8% from 69.6%, and Lok'nStore has 37 stores trading at the end of the year. Declares final dividend of 10.67 pence per share, bringing total payout to 15p, up 15% from 13p the prior year.

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Dunedin Enterprise Investment Trust PLC - investor in UK mid-market management buyouts - As at September 30, net asset value stands at 546.2 pence, up 10% over the third quarter from 496.5p at June 30. Based on valuations, unlisted investments are valued at GBP59.6 million, with cash balance of GBP41.2 million.

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International Biotechnology Trust PLC - investment trust run by SV Health Managers LLP - As at August 31, net asset value per share stands at 782.4 pence, up 5.9% from 738.6p the same date the year before. NAV per share total return for the 12-month period is 9.8%, outperforming the NASDAQ Biotechnology Index which returned 3.8%. Total portfolio increases to 82 companies, up from 69 the prior year.

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Inland Homes PLC - Beaconsfield, England-based housebuilder - For the year ended September 30, expects to report revenue of GBP195 million, a record figure and up 57% from GBP124 million the year before, driven by strong demand from the housebuilding division, and solid performances from land and asset management. Record 216 private home completions at an average selling price of GBP262,000, up from 96 homes at a price of GBP240,000. Looking ahead, company is continuing work to reduce net gearing, and will resume dividend payouts once the reduction is achieved. As at September 30, net debt falls to GBP118.0 million from GBP148.2 million.

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Ridgecrest PLC - cash shell - For the year ended March 31, swings to profit of GBP37,000 from loss of GBP114,000 the year before, in spite of revenue falling to GBP4.6 million from GBP9.7 million. In October, Ridgecrest had terminated negotiations on the proposed reverse takeover of Blue Air, due to Blue Air being unable to raise the pre-RTO funding, and will look to pursue an alternative transaction.

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Victoria Oil & Gas PLC - London-based domestic energy supplier in Africa - For the first half of 2021, pretax loss narrows to USD2.2 million from USD3.6 million a year prior, even as revenue drops 44% year-on-year to GBP7.1 million from GBP12.6 million, due to the prior year including USD5.9 million related to the ENEO settlement. From the Logbaba project in Cameroon, attributable condensate sales increases 83% to 5,110 barrels from 2,788 barrels a year before. In addition, for the three months ended September 30, gross condensate sales comes up to 3,800 barrels.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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28 Oct 2013 11:42

International Biotechnology Trust Sees Increases In NAV And Total Assets

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1 Feb 2012 14:27

Hydrodec CEO marks arrival, GSK associate stocks up

The new Chief Executive of Hydrodec has topped up his stake in the firm with £51,000-worth of shares, less than a month since he took up his new post. Ian Smale, whose appointment was announced in early November, bought 400,000 shares at 12.75p each. In January the company announced that its rev

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8 Jul 2010 10:44

International Biotechnology Trust NAV/Share 168.2P

LONDON (Dow Jones)--International Biotechnology Trust PLC (IBT.LN) said Thursday its net asset value per share at May 31 was 168.2 pence, compared with 164.1 pence at Feb. 28. MAIN FACTS: -Total Net Asset Value GBP102.7 million (Feb. 28: GBP101.1 million) -Shares at 0945 GMT flat at 139.

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29 Jun 2010 15:35

SV Life Sciences' Fifth Fund Raises $523M For Investments

LONDON (Dow Jones)--Venture capital firm SV Life Sciences Tuesday said it agreed to raise $523 million for its fifth fund dedicated to investing in life science companies like drug developers and medical device firms. The money raised exceeded the company's target of $400 million and SV Life Sci

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24 Jun 2010 16:03

International Biotechnology Buys 20,000 In Own Shares

LONDON (Dow Jones)--International Biotechnology Trust Plc (IBT.LN), announced Thursday it purchased 200,000 of its own ordinary shares of 25 pence each at 142.00 pence per share and the company intends to hold these shares in treasury. MAIN FACTS: -Shares at 1502 GMT stood at 143 pence.

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9 Apr 2010 05:49

Friday tips round-up: Misys, UK Mail, Intercede

Misys is in good health but the Independent says it has had a very good run from these shares and anyone who got in below 129.5p could happily take profits. However, that would miss out on a banking recovery, which will happen before too long, so hold. UK Mail has a low-cost network, growing market

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2 Dec 2009 16:32

Britvic directors cash in

Fizzy drinks maker Britvic's chief executive and finance director have taken up shares and sold the share options for a second day running. The latest sales are of shares acquired under the Britvic Performance Share Plan at no cost. Chief executive Paul Moody was awarded 84,694 shares and sold 34,

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