We would love to hear your thoughts about our site and services, please take our survey here.
From Times:, Market Report
Sensyne’s prognosis looks poor
The healthcare technology company founded by Lord Drayson, the former science minister, suffered another painful day on the stock market, with shares limping to their lowest level since listing (Alex Ralph writes).
Sensyne Health closed down 12p, or 23.3 per cent, at 39½p as the selloff continued. It floated at 175p in August 2018 when it was valued at £225 million.
The Aim-quoted biotech company has been hit by governance concerns after it emerged last year that it had paid about £1 million of undisclosed executive bonuses. It has also been exposed to the crisis at Woodford Investment Management, which was a leading shareholder, and suffered turmoil in the boardroom where a number of directors have departed.
Sensyne Health uses artificial intelligence algorithms to analyse anonymised patient data to generate intellectual property that can be licensed to pharmaceutical companies for the discovery of medicines.
One market source said the fall had been exacerbated by thin trading and the stock being tightly held by Lord Drayson, 59, and his wife, who own a combined 29 per cent.
hTTps://www.thetimes.co.uk/edition/business/investors-revolt-over-bonus-award-for-diploma-chief-johnny-thomson-h2kr22zb3
RNS reported on 18/4/19 that Mr Julian Higgins had gone above 5% by holding 23,500,000 shares.
On the same basis that CPI Enterprises Limited went below 11% because of the placing and new number of shares in issue, if Mr Julian Higgins still holds the same number of shares then he would now be under 5% , having now c 4.8%.
So either another RNS indicating he is now below 5% should be issued OR he bought some more shares in the latest placing to keep him above 5%.
Agree/disagree?
To avoid a misunderstanding of previous post.
Quote below came from the recent MWG RNS issued on 23/12/19.
Ajay Popat, President of Ion Exchange (India), added: "Modern Water's technology, both brine concentration and forward osmosis, is innovative and the right strategic fit to further improve competitiveness and attractiveness of our Zero Liquid Discharge solutions and brine recovery processes to our customers. We look forward to deepening our relationship with Modern Water."
From previous Ion Exchange post :
With regards to their expansion plans he said, “We have already made an investment of close to about Rs 60 crore in membrane technology business and now are waiting for another expansion which will come up during the next financial year."
600,000,000 Indian Rupee equals
6,388,605.36 Pound sterling
Ajay Popat, President of Ion Exchange (India), added: "Modern Water's technology, both brine concentration and forward osmosis, is innovative and the right strategic fit to further improve competitiveness and attractiveness of our Zero Liquid Discharge solutions and brine recovery processes to our customers. We look forward to deepening our relationship with Modern Water."
Expect robust order inflow given government's push on water infra, says Ion Exchange
January 03, 2020
The membrane technology business for the company is expected to grow by about 15-20 percent per year.
Fresh water availability is getting scarce which is forcing the industry & the govt to look at alternate sources.
Already made an investment of close to about Rs 60 crore in membrane technology business.
on Exchange India stock price has seen a big run up from May-June last year when the stock was trading sub Rs 400 levels. Since then it has doubled to levels of around Rs 800.
The company posted a strong growth in the first half of the fiscal with revenue growth at 54 percent and profit after tax (PAT) growth of 78 percent.
Discussing the outlook for the company going forward Rajesh Sharma, chairman and managing director of the company said they are confident of maintaining similar growth rates for the second half of the fiscal as well.
Talking about order pipeline, he said the Sri Lankan order was progressing very well and by the end of this financial year, they would be completing over 70 percent of the contract.
“In terms of order visibility for the next 12 months, we have a healthy order bank and the way we see investments coming up in the water and sanitation area especially now that the government is committed to provide safe drinking water to every household – it will open up a large opportunities for companies like ours."
Similarly on the sanitation front as well the government is determined to see all the city’s sewage treated. "So, once these projects start coming up, I am sure there will be a good growth for the whole water industry,” he said in an interview with CNBC-TV18.
“Everywhere the fresh water availability is getting scarce which is forcing the industry and the government to look at alternate sources. Now alternate sources are sea water treatment and waste water treatment. Both treatments require membrane technology to make the water good for reuse. That means the membrane business is likely to grow tremendously in the next 5-10 years," he said.
According to him, the membrane technology business for the company is expected to grow by about 15-20 percent per year since people are keen on using processes that do not use chemicals. Membrane technology is needed to make wastewater or sea water portable.
With regards to their expansion plans he said, “We have already made an investment of close to about Rs 60 crore in membrane technology business and now are waiting for another expansion which will come up during the next financial year."
https://www.cnbctv18.com/infrastructure/expect-robust-order-inflow-given-governments-push-on-water-infra-says-ion-exchange-4987511.htm
Chinsontour - asking a question here?
What if they've only known the money is definitely going to be paid since the end of Sept 2019, after the period of the half/year results?
Would that make a difference to the accounts?
Presume the half-year results are a snapshot of that point in time.
It's only recently that NFX have said they had written confirmation that the money would be paid.
'Going forward the Group expects an exciting H2 2020.'
'During H1 2020 the Group has completed a significant new deal, generated revenues and hit important milestones within its partnerships, with further payments expected to come in H2 2020.'
Perhaps worth highlighting that H2 2020 in the context of NFX does not start in June 2020 , but ends in March 2020.
i.e, There are only just over 3 months remaining in NFX's H2 2020.
Just a reminder of what NFX are currently negotiating with:
Reports Results from Novel IPF Pre-Clinical Trial
RNS Number : 1394J
Nuformix PLC
03 December 2018
NXP002 out-performed current standard of care treatment, Esbriet ® (pirfenidone)
For info:
FDA approved Esbriet for treatment of idiopathic pulmonary fibrosis in 2014. The drug, whose revenue stood at $48 million in 2014, garnered nearly $856 million in 2017
To the back of the class. :-)
£1m to £4m is 400% increase.
Don't know where you're getting your buy/sell totals from , but generally any trade at a price below the mid price is signaled as a sell and any trade at a price above the mid price is signaled as a buy.
The only way in a changeable situation to possibly determine whether trades are buys or sells is to do dummy trades to see what prices are currently available for a buy and a sell.
Trades also going thro NEX
https://www.nexexchange.com/company-all-latest-trades?isin=GB00B1YMN108&listingtypeid=PLSU
Exactly - RMDE say 1 million tonnes per annum- which gives AEG up to $5m per annum for this deal alone.
RMDE Chairman, Grand Chief Ronald Derrickson said, "RMDE is pleased to become the first Licensee Partner for AEG's CoalSwitch™ technology in Canada. Following an intensive period of due diligence, AEG has demonstrated to RMDE, that it can provide the technical and IP support required to give us, our partners and outside investors the confidence to build, commission and operate reliable plants, with high quality equipment manufactured and delivered with AEG's assistance. This has given us the confidence to invest in the License for two key territories involved in the forestry and wood processing industry in Canada and to complete negotiations with a major off taker for up to 1 million tonnes of CoalSwitch™ per annuum from installations in the Territories."