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Thursday tips round-up: Imperial Innovations, Vertu Motors

Thu, 17th Oct 2013 07:07

Imperial Innovations has the right to take interesting discoveries from Imperial College London and package them up into companies that eventually can be floated or sold. The majority of its 92 investments are in pharmaceuticals; one of the most promising, Circassia, is well into clinical trials for treatments for cat, dust mite and grass allergies. Imperial's full-year figures revealed that the value of the portfolio of investments grew by 21 per cent to 188?m pounds. Add on cash and other assets and total net assets were 230.5m pounds. That compares with a market capitalisation of £384?m and means that there is a lot of hope value built into the shares, which were up 25p to 385p on Wednesday. Yet the company does say that a "number" ? let's say a handful?? of its investments are heading for "value-creation events", a sale to Big Pharma or an initial public offering (IPO). Circassia is in the books at £225m in all, so it is big enough, although it probably won't be the first. The shares are tightly held, almost a half with Invesco. This is one to buy as a high-risk investment, if they become available, and tuck away for a time, although only with money you can afford to leave untouched, The Times' Tempus column says. Wednesday's halfway figures from Vertu Motors showed that its strategy to buy under-performing car dealerships in a still-fragmented industry and buff them is working. Adjusted pre-tax profits went ahead by 80% to £8.8m while the dividend was up by 20% to 0.3p. That came on the back of strong domestic demand ? industry figures suggest that car sales will rise almost 20% this year ? and has been driven by the dumping in the UK of large numbers of vehicles made in Europe and surplus to demand there, with attractive finance packages. Somewhat ironically, the only downside risk for the company is a recovery in the Eurozone, should that lead to said surplus in vehicles disappearing. Also worth pointing out, the firm raised £50m in June to pay for Farnell Land Rover, which took it into the premium car arena, and for other acquisitions. The shares sell on 14 times holdings. About right, then. 'Hold', says 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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7 Jul 2014 09:26

Monday broker round-up UPDATE

Balfour Beatty: Berenberg lowers target price from 290p to 280p and retains a buy recommendation. UBS lowers target price from 230p to 225p and keeps a neutral rating. Barclays: Citi lowers target price from 305p to 300p and keeps its sell recommendation. Clinigen: Investec cuts target price from

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7 Jul 2014 07:20

UK MORNING BRIEFING: Anglo American And SABMiller Make Disposals

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6 Jul 2014 23:00

Ex-Invesco star Woodford's start-up bets on tobacco, drug firms

By Nishant Kumar LONDON, July 7 (Reuters) - Star British fund manager Neil Woodford, who left Invesco Perpetual in April to start his own firm, is beginning his new role with a focus on tobacco and drug stocks, believing they can withstand what he expects will be a faltering global economy.

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23 Jun 2014 14:48

UPDATE: Imperial Innovations Completes GBP150 Million Share Placing

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23 Jun 2014 08:35

Imperial Innovations To Raise GBP150 Million In Share Placing

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23 Jun 2014 08:10

Imperial Innovations placing shares to fund investment opportunities

A total of £150m is the sum being targeted by AIM-listed Imperial Innovations, which on Monday launched the placing of 37.5m shares at 400p each. At the same time, the UK's Imperial College is trading in 2.56m shares at the same price, reducing its stake from 30.2% to 20%, taking the overall placin

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16 Jun 2014 09:13

Convergence considers IPO after GSK spin-off, as European biotech revives

* CEO says Convergence could raise 50-100 million pounds * Follows success for pain drug in mid-stage trial * UK biotech sector boosted by Circassia IPO in March * Biotech support firm Abzena also announces plan to float By Ben Hirschler LONDON, June 16 (Reuters) - C

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16 Jun 2014 07:39

UK MORNING BRIEFING: Shares Narrowly Mixed On Iraq, Ukraine Tensions

LONDON (Alliance News) - UK shares are narrowly mixed at the open Monday, as events in Iraq and Ukraine damp investor sentiment. Low-cost airline Wizz Air Holdings PLC has pulled its planned initial public offering in London, blaming the recent volatility in airline stoc

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12 Jun 2014 12:07

Imperial Innovations Invests Further GBP1.5 Million In Cortexica

LONDON (Alliance News) - Imperial Innovations Group PLC Thursday said it has invested a further GBP1.5 million in visual search company Cortexica Visual Systems Ltd. The technology commercialisation and investment group first invested in Cortexica in 2009. It said it will now hold, on conve

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10 Jun 2014 11:40

Imperial Innovations completes £3m investment in Featurespace

Imperial Innovations, the AIM-listed firm which focuses on commercialising UK academic research, has completed a £3m investment round in behavioural analytics business, Featurespace. The group has invested £1.7m into the round with the balance coming from Nesta and members of the Cambridge Angels g

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10 Jun 2014 11:21

Imperial Innovations Invests GBP1.7 Million In Featurespace

LONDON (Alliance News) - Imperial Innovations Group PLC Tuesday said it has invested GBP1.7 million in the behavioural analytics business, Featurespace, as part of a larger investment round. As a result, the mobile payments company said it now holds a 22.1% equity stake in Featurespace.

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4 Jun 2014 14:14

Imperial Innovations shares jump as portfolio company receives funding

Imperial Innovations, the AIM-listed firm which focuses on commercialising UK academic research, pleased the market on Wednesday with the news that its portfolio company Autifony Therapeutics has been awarded a grant from the Technology Strategy Board (TSB). TSB has given £2.2m of funding to Autifo

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4 Jun 2014 10:23

Imperial Innovations Subsidiary Gets Funding For Tinnitus Trial

LONDON (Alliance News) - Imperial Innovations Group PLC said Wednesday its portfolio company, Autifony Therapeutics Limited, has won GBP2.2 million in funding from the Technology Strategy Board for its Phase II clinical trial into tinnitus. Autifony is working on the development of novel ph

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3 Jun 2014 07:19

Tuesday tips round-up: Imperial Innovations, Entertainment One

Imperial Innovations' decision to raise up to £150m may be a golden opportunity for investors. The shares are tightly held but existing investors in the group have decided that the placing will be non-pre-emptive. That means new shareholders will be allowed in, including retail ones should there be

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2 Jun 2014 16:09

Imperial Innovations to raise up to £150m

Imperial Innovations Group has proposed raising up to £150m through the placement of shares to fund its existing portfolio and source investment opportunities in new technologies. The UK technology transfer and commercialisation company will place ordinary shares at no less than 400p each. Chair

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