Advanced Medical hit by euro weakness
12th Jun 2012 10:17
Advanced Medical Solutions, the wound care specialist, has warned currency movements and the end of a rolling order are likely to hit full year revenues. AMS bought a German firm, RESORBA, in 2011, the effect being that more revenues are denominated in euros. The euro's current weakness means the c
Read moreThursday broker round-up - UPDATE
29th Mar 2012 09:29
Advanced Medical Solutions: Investec upgrades from hold to buy, target lift at 97p. Antofagasta: UBS downgrades from neutral to sell, target cut from 1,150p to 1,050p. Aquarius Platinum: UBS cuts target from 160p to 155p, neutral rating unchanged. BHP Billiton: UBS cuts target from 2,600p to 2,50
Read moreAdvanced Medical Solutions shy of expectations
7th Mar 2012 11:58
Wound care product manufacturer Advanced Medical Solutions has reported a rise in sales during the twelves months ended December 31st, but the figures seemed to have failed to live up to market expectations. Profit before tax grew from £4.3m in 2010 to £4.6m in 2011, on revenues of £34.35m (2010:
Read moreTuesday broker round-up - UPDATE
13th Dec 2011 09:54
Amec: Citi upgrades to buy from sell. Royal Dutch Shell: Citi downgrades to neutral from buy. Petrofac: Investec reiterates buy, 1,705p target under review. Petrofac: Evolution Securities reiterates add and 1,700p target. Whitbread: Evolution Securities keeps buy rating and 1,800p target. Whitb
Read moreAdvanced Medical to buy wound care firm for £55m
2nd Dec 2011 15:13
Wound care specialist Advanced Medical Solutions (AMS) is proposing to acquire RESORBA, a wound care business, for €63.8m (£55m). To fund the acquisition the firm is placing over 42m shares in AMS at a price of 73p per share to raise £34m. The acquisition is expected to be earnings per share enh
Read moreLondon midday: Eurozone optimism buoys stocks
7th Sep 2011 12:00
Stocks remain buoyant amid hopes that the Eurozone situation may be nearing some kind of resolution. Office provider Regus in particular is benefiting from increased risk appetite. The shares are up more than 17%. Company updates are also attracting attention. Shares in Dixons gave up strong gain
Read moreLondon open: Shares jump as Dixons and Supergroup impress
7th Sep 2011 08:34
Shares are buoyant in early dealings, with some well-received updates from the retail sector lightening the mood. Consumer electronics retailer Dixons said like-for-like sales were down 7% from a year earlier in the 12 weeks to 23 July. The PC World and Currys owner said total group sales were down
Read moreAMS profit surges
7th Sep 2011 07:36
Wound care specialist Advanced Medical Solutions revealed an 80% increase in half year profit after strong sales of its ActivHeal range. For the six months ended 30 June 2011 profit from operations, post exceptional items, rose to £2.62m from £1.5m the year before. Profit from operations, pre-excep
Read moreAdvanced Medical in good nick
11th Mar 2011 09:26
Results from Advanced Medical Solutions (AMS) were so well received by the market on Tuesday that the company was trying to manage down expectations for its LiquiBand wound closure product, which enjoyed a better than expected launch in the USA. Group revenue in 2010 rose 32% to £31.9m from £24.1m
Read moreSector movers: Pace and BATM drag down tech stocks
10th Mar 2011 15:53
Technology hardware and equipment is the worst performing sector, helped lower by Pace and BATM Advanced Communications, who both disappointed investors with 2010 results this week. Shares in telecoms equipment supplier BATM have continued to fall since Monday after it said that pre-tax profits sli
Read moreAdvanced Medical in good nick
8th Mar 2011 16:25
Results from Advanced Medical Solutions (AMS) were so well received by the market on Tuesday that the company was trying to manage down expectations for its LiquiBand wound closure product, which enjoyed a better than expected launch in the USA. Group revenue in 2010 rose 32% to £31.9m from £24.1m
Read moreTuesday preview: Inchcape, Old Mutual, Ashtead ...
7th Mar 2011 17:00
For all the worries over consumer spending, car dealerships seem to do reasonably well in 2010, especially those with international networks such as Inchcape. At its interim management statement in October Inchcape lifted profits guidance for the year following a strong third quarter. Revenues in t
Read moreTakeover targets named
29th Jan 2011 14:04
Hold on tight, a wave of patent expiries and generic competition could spark another round of consolidation in the pharma and medical devices sector this year. Billions of dollars have been spent on takeovers or pumped into new issues in recent months as confidence in the recovery grows and cash-ri
Read moreSector movers: Tech stocks advance
8th Sep 2010 15:14
Technology hardware and equipment stocks are among today's best performers. Telit is one the risers in the sector. The machine-to-machine communications technology company Telit continued on the recovery trail in the first half of this year and the second half of 2010 looks like being just as str
Read moreAdvanced Medical in growth spurt
8th Sep 2010 13:30
Wound care specialist Advanced Medical Solutions (AMS) had a strong first half of the year with the recent acquisition of polyurethane foam business Corpura providing an extra boost. Revenue from continuing operations in the first half of the year rose by 47% to £14.5m from £9.9m last year, though
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