Sales in the first two months of 2010 have been slightly ahead of our expectations. In the remainder of the year we are well placed to maintain strong growth, particularly driven by the Cambridge Laboratories acquisition, the full year effect of the Buccastem® and Timodine® acquisition last year, and organic growth from the dermatology portfolio. We remain wary of potentially increased competition for Deltacortril®, but overall we are confident that Alliance is set for another strong performance this year.
ALLIANCE PHARMA PLC ("Alliance" or "Alliance Pharma" or "the Group") Preliminary results for the year ended 31 December 2009 Alliance Pharma plc (AIM: APH), the speciality pharmaceutical company, is pleased to announce its preliminary results for the year ended 31 December 2009. Financial Highlights · Sales up 44% to £31.2m (2008: £21.8m) · Operating profit* up 77% to £11.3m (2008: £6.4m) · Pre-tax profit* three-fold increase to £8.6m (2008: £2.4m) · Adjusted basic EPS three-fold increase to 3.55p (2007: 1.17p) · Cash generated from operations doubled to £10.6m (2008: £5.2m) · Dividends commenced o Final dividend proposed of 0.23p per share o Full year dividend 0.30p per share * before exceptional items Operational Highlights · Acquisition of Buccastem® and Timodine® in August 2009 · Acquisition of 18 products from Cambridge Laboratories in February 2010 · Four-fold increase in sales from Deltacortril® to £8.5m (2008: £2.1m) on improved production volumes · Sales of Nu-Seals® up 24% to £5.8m (2008: £4.7m) · Dermatology like for like sales growth of 18% to £5.1m (2008: £4.3m) Commenting on the results, Michael Gatenby, Alliance's Chairman, said: "2009 was a landmark year for Alliance, with major increases in turnover, profitability and cash generation, and the commencement of dividend payments. We look forward to more strong results in 2010, particularly following the Cambridge Laboratories acquisition last month."
Value Price Volume Time Buy/Sell Type £179,090 35.00p 511,687 16:24 Buy O £105,000 35.00p 300,000 16:31 Buy O £70,000 35.00p 200,000 16:29 Buy O £34,750 34.75p 100,000 09:37 Buy O £34,748 34.75p 100,000 10:10 Buy O £34,725 34.73p 100,000 09:29 Buy O £34,713 34.71p 100,000 09:20 Buy O £12,523 34.75p 36,038 16:00 Buy O
The Board has adopted a business plan presented by the Chief Executive following a review of all the major areas of the business. The plan, designed to build upon the Group's existing strengths, including its large and diversified customer base, introduces a far greater focus on sales, in particular providing a broader customer service offering. The Group's external consultants continue to work with management to accelerate the reorganisation of a number of the Group's operations to better align them to the delivery of the broader offering. One aspect of the planned reorganisation will be a substantial reduction in the level of inventory required to support the business. As a consequence of this, the results for the six months ended 31 July 2009 will be impacted by a net restructuring charge relating to an inventory write-down of redundant stock of approximately £9 million. Accelerated realisations from the sale of this inventory are expected to generate cash of between £1 million and £1.5 million, depending on negotiations yet to be concluded. This together with a further write down of £2 million, in respect of a change in the estimation of inventory values, will result in a one-off write down of inventories of approximately £11million. Further restructuring costs in the period will amount to approximately £2 million, including the previously announced termination payments made to former directors. The Board anti
For Immediate Release 10 September 2009 Alexandra plc ("Alexandra" or "the Group") Trading Update The Board of Alexandra provides a trading update ahead of finalising its interim results for the 6 months ended 31 July 2009 which are to be announced before the end of September. This follows an ongoing evaluation of the financial and trading position of the Group by the recently appointed Chief Executive, Tim Gifford. As announced in the Interim Management Statement released on 19 June 2009, turnover in the first quarter ended 30 April 2009 was approximately 13% down on the same period of the previous year. The Group now reports that it has continued to feel the effects of the general economic malaise and in the six month to 31st July 2009, turnover is down approximately 17% compared to the same period last year. In a very competitive environment margins have also come under some pressure. However, the Board is pleased to report several notable contract gains with an anticipated annual sales value of approximately £5 million and in recent weeks, there has also been an encouraging increase in the level of enquiries from both existing and potential customers. The Board is hopeful that there will be an improvement in activity levels in the second half of the year which should go some way to replace the turnover shortfall, albeit that the full
Lloyds Buyout http://www.ibtimes.co.uk/articles/20090906/lloyds-unit-faces-buyout.htm
Date: Friday 04 Sep 2009 LONDON (ShareCast) - Recruiter Hays deserves credit for getting rid of its debt but the news that will be met with a cheer from everyone is that it can see light at the end of the unemployment tunnel. The shares will tick up as the economy improves, but concerns on the dividend remain and for that reason hold says the Independent. Shares in Hays have gained more than a third this year. While some lingering doubt remains over next year’s dividend and the outlook for recruitment firms remains determinedly fragile, investors with a longer-term time frame may wish to tuck away some Hays shares before an eventual recovery, adds the Times.
this share has been driven up to make the RI look attractive at 24p, on the 20-Jul-2009 this finished @ 28.25p Date Closing price Open High Low Volume RiskGrade 19-Aug-2009 98.00p 89.75p 109.00p 89.75p 1,549,879 632 18-Aug-2009 87.50p 74.00p 93.00p 74.00p 2,244,359 618 17-Aug-2009 74.00p 70.00p 76.00p 64.25p 382,955 587 14-Aug-2009 68.50p 55.00p 72.00p 55.00p 1,669,778 588 13-Aug-2009 55.00p 46.75p 56.00p 46.75p 721,130 494 12-Aug-2009 45.00p 43.00p 45.00p 43.00p 352,337 428 11-Aug-2009 43.50p 43.00p 45.00p 42.00p 322,409 429 10-Aug-2009 44.50p 45.25p 45.25p 43.25p 180,357 434 07-Aug-2009 44.50p 47.00p 47.00p 42.00p 277,670 442 06-Aug-2009 46.00p 47.00p 48.00p 45.00p 609,446 447 05-Aug-2009 45.25p 43.00p 46.25p 43.00p 310,169 454 04-Aug-2009 42.00p 36.00p 46.00p 36.00p 1,141,621 454 03-Aug-2009 36.00p 33.75p 38.00p 33.75p 1,291,726 392 31-Jul-2009 34.00p 34.00p 34.00p 34.00p 53,231 389 30-Jul-2009 32.50p 31.75p 33.00p 30.50p 251,001 394 29-Jul-2009 30.50p 31.00p 31.75p 30.50p 172,403 395 28-Jul-2009 29.25p 31.75p 31.75p 29.25p 173,516 397 27-Jul-2009 31.00p 31.00p 31.00p 31.00p 17,569 397 24-Jul-2009 32.50p 32.00p 33.00p 31.00p 645,050 402 23-Jul-2009 31.75p 31.00p 32.25p 31.00p 126,965 407 22-Jul-2009 32.25p 32.00p 32.25p 32.00p 117,290 414 21-Jul-2009 32.00p 29.75p 32.25p 29.75p 192,229 420 20-Jul-2009 30.25p 28.25p 30.25p 28.00p 249,568 422
Sell and get what you can! this share will go sown much further. Shareholders may end up with nothing! Filing of Notice of intention to appoint an administrator Further to the announcement made by the Company yesterday, the Directors have taken insolvency and other professional advice in connection with the financial position of the Group. Having considered this advice, the Directors have today filed at the High Court of Justice, Chancery Division, Manchester District Registry, a notice of intention to appoint an administrator pursuant to paragraph 22(2) of Schedule B1 to the Insolvency Act 1986 in respect of the Company and its wholly owned subsidiary, Cantono Data Centre Services Limited. Further information will be provided in due course as this matter progresses.
ATH Resources plc (AIM:ATH), one of the UK's largest coal producers, today announces that, following a recent unexpected and substantial inflow of water into part of the Group's mine at Muir Dean in Fife, it intends to defer the payment of the interim dividend for the current financial year which was anticipated to be paid in July 2009. Whilst coal production from the Muir Dean mine is continuing, the increase in water levels has temporarily reduced coal output to well below expectations. In the circumstances, the Directors believe that it is prudent to defer the payment of the interim dividend and, accordingly, the Group intends to incorporate this into the final dividend expected to be paid in January 2010.
Poor Trading Outlook The industry continues to face very difficult trading conditions, with considerable uncertainty over the likely timeframe of the global economic downturn. Current levels of traffic volume and yield have not improved over the last quarter of last year. We have decided not to issue any new guidance for the half year or the full year because of the difficulty in forecasting revenues. We anticipate that there will be some additional offset from fuel costs and we will deliver further cost reductions from capacity and other cost saving measures to mitigate the revenue deterioration.
DIVIDENDS The directors recommended not to declare a dividend for the year ended March 31, 2009. The Company declared a dividend of 5 pence per share (totalling £58 million) for the year ended March 31, 2008. The dividend was paid in July 2008 and was accounted for as a reduction in shareholders' equity for the year ended March 31, 2009. The Group reversed £2 million of previously declared dividends, relating to historic unclaimed dividends that are no longer expected to be collected.
Period highlights: Operating loss of £220 million, including restructuring costs of £78 million (2008: £878 million profit - restated) Loss before tax of £401 million (2008: £922 million profit - restated) Revenue £8,992 million (2008: £8,758 million - restated) Full year fuel costs near to £3 billion