PapalPower
- 30 Aug 2005 09:25
Web Site :
http://www.biotrace.co.uk/
Company Fact Sheet :
http://www.biotrace.co.uk/uploads/documents/135.pdf
http://news.ft.com/cms/s/dd75f814-c0a3-11da-9419-0000779e2340.html
John Lee: A fine month to reel them in By John Lee Published: March 31 2006
""""Finally to Marchs new find industrial microbiology products manufacturer Biotrace International a rare Welsh stock.
I was surprised to discover this solid quality niche business in the attractive growth sector of equipment for the rapid testing of microbial contamination in the food/beverage industry, also operating in the defence field, and planning to expand into pharmaceuticals and personal care products on a prospective price/earnings ratio only just in double figures.
Further research revealed it to be cash generative, with good gross margins, and with substantially recurring revenues. Additionally the recent results statement generated optimism and the tie-up with the large US filtration company Pall Corporation augurs well.
In the past Biotrace clearly traded on a much higher rating but had drifted to what I judged to be an attractive level. Thus I have been recently buying between 87p and 97p in a fairly tight market its market capitalisation is just less than 40m. Despite a lowish yield, this is one to tuck away in my Peps and Isas. """""
Latest Broker Forecasts :
Rowan Dartington 18th Apr 2006 HOLD
2006 Pre Tax Profit 4.4M
2006 EPS 7.27p
2006 Div 1.7p
2007 Pre Tax Profit 4.8M
2007 EPS 7.98p
2007 DIV 1.85p
Teather and Greenwood 4th April 2006 HOLD
2006 Pre Tax Profit 4.5M
2006 EPS 8.1p
2006 Div 1.9p
2007 PTP
2007 EPS
207 DIV
Numis 31st March 2006 BUY
2006 Pre Tax Profit 4.1M
2006 EPS 8.5p
2006 DIV 1.7p
2007 Pre Tax Profit 5.2M
2007 EPS 9.7p
2007 DIV 1.8p
PapalPower
- 06 Sep 2006 07:12
- 33 of 37
RNS Number:5383I
Biotrace International PLC
6 September 2006
BIOTRACE INTERNATIONAL PLC
("Biotrace", "the Company" or "the Group")
INTERIM RESULTS
for the six months ended 30 June 2006
Biotrace International Plc, a leading manufacturer of industrial microbiology
products, today announces its interim results for the six months ended 30 June
2006.
Highlights
Financial
* Revenue up 24% to #16.9M (2005: #13.6M)
* Pre-tax profit up 27% to #1.7M (2005: #1.4M)
* Earnings per share up 31% to 3.15p (2005: 2.40p)
* Operational cash flow up 35% to #3.1M (2005: #2.3M)
* Interim dividend increased 37% to 0.55p (2005: 0.40p)
Operational
* Revenues in the period benefited from a full six month contribution from the
acquisition of Microsafe in September 2005 and four month contribution from
Target Diagnostica which was acquired in March this year
* #0.5M profit before tax generated from the sale of the Bridgend HQ
property in April this year
* Disposal of Ruskinn Life Sciences in February 2006 for #1M and 10%
equity in ongoing business
* Signed agreement with Pall Corporation in January this year to expand
sales in the pharmaceutical sector
Commenting on the interim results, Terry Clements, Non-executive Chairman of
Biotrace, said:
"I am pleased to report a substantial improvement in the financial performance
of the Group for the first half of the year compared with the corresponding
period last year. Revenues have grown as a result of focussing the business
through acquisitions and disposals, expanding the customer base and broadening
the product offering. The acquisitions have been aimed at significantly
expanding the Company's presence in the pharmaceutical market, whilst the
disposal of the Bridgend HQ property announced earlier in the year generated a
gain of #0.5M pre-tax, boosting earnings in the period. This together with the
disposal of the Ruskinn Life Sciences business in February will generate an
additional #1.7M of cash this year.
The Company is continuing to make good progress by broadening the business base
and developing a world class global sales channel for industrial diagnostics.
Organic growth is beginning to improve despite continuing tough trading
conditions. We are therefore confident in our ability to deliver a good full
year performance and remain optimistic about the Company's long term prospects."
Further information:
Biotrace International Plc on the day tel: +44 (0) 207 466 5000
Ian Johnson, Chief Executive Officer thereafter tel: +44 (0) 1656 641 492
Peter Morgan, Finance Director
Buchanan Communications tel: +44 (0) 207 466 5000
Tim Anderson/James Strong/Mary-Jane Johnson
Analyst meeting:
An analyst briefing will be held at 09:30 am today at the offices of Buchanan
Communications, 45 Moorfields, London EC2Y 9AE.
PapalPower
- 15 Sep 2006 08:09
- 34 of 37
Biotrace International PLC
15 September 2006
STATEMENT REGARDING RECENT PRESS SPECULATION
The Board of Biotrace International PLC (the 'Company') notes the recent press
speculation regarding a potential offer for the Company and confirms that it has received a number of preliminary approaches, which may or may not lead to an offer being made for the Company.
A further announcement will be made in due course.
Enquiries: Telephone
Biotrace International plc +44 (0)1656 641 400
Ian Johnson
Numis Securities Limited +44 (0)20 7776 1500
Michael Meade
Bruce Garrow
PapalPower
- 16 Sep 2006 15:14
- 35 of 37
Biotrace receives several 'preliminary' approaches
By Robert Orr
Published: September 16 2006 03:00 | Last updated: September 16 2006 03:00
Biotrace International, the Welsh germ detection company, has received a number of approaches from prospective buyers for the company whose client list includes food and drink groups such as Nestl Kraft and Pepsi.
Biotrace and Numis Securities, its advisers, are studying the various proposals, received in the last few months and understood to be in the region of 130p a share.
PapalPower
- 04 Oct 2006 19:09
- 36 of 37
Offer now made, 130p in cash.
Easy money these takeovers :)
Now I await the offer for EKA to come in, which should, I hope, be a fair few points higher than todays EKA price (I expect something around 120p to 130p equivalent but an all share offer).
HARRYCAT
- 19 Oct 2011 09:44
- 37 of 37
Am I right in saying that this company was taken over by 3M, yet is still showing as paying a divi (as BOI) on the 26th Oct (6.6875p)?