Bioquell specialise in the design, manufacture and application of complete bio-decontamination solutions for airborne and surface contamination in the healthcare, life sciences, food production and defence sectors.

Bioquell's unique hydrogen peroxide vapour (HPV) bio-decontamination technology has been used across the globe to eradicate problematic bacteria, viruses and fungi, throughout a wide range of applications. Deployment of Bioquell's HPV process provides residue-free, safe and repeatable sterilisation of rooms, buildings, equipment and sensitive electronics.

It is a clear alternative when replacing traditional decontaminants such as formaldehyde or chlorine-based products.

Bioquell also provides bespoke chemical, biological, radioactive and nuclear (CBRN) filtration equipment for different applications in the defence industry. This equipment is complemented by integral air conditioning systems and auxiliary power units.

http://www.bioquell.com/

ST of IC today -To put the potential bid premium into perspective, at the lower end of my 170p to 185p price range, this implies a valuation of £25m for Bioquell's biodecontamination business, or 6.5 times the cash profits the unit made last year. Please note that the board are in the process of considering "a number of different pathways" and the planned capital return of a significant part of the TRaC proceeds has been deferred until the outcome of the strategic review has been completed.

On a bid-offer spread of 133p to 137p, and offering 24 per cent share price upside to the bottom end of my valuation range, I continue to rate Bioquell's shares a buy.

ST of IC - So, with the trading outlook remaining positive, and the board committed to returning cash by earnings-accretive share price supportive buybacks, albeit instead of a cash dividend, then I feel my 180p target price is not only achievable, but could prove conservative. Buy.

Half-year Report
RNS
RNS Number : 0685M
Bioquell PLC
26 July 2017
 
26 July 2017
 
Bioquell PLC - 2017 interim results
 
Bioquell PLC ("Bioquell") (LSE symbol: BQE) - provider of bio-decontamination products and services for the Life Sciences, Pharmaceutical and Healthcare markets today announces its interim results for the six month period ended 30 June, 2017.
 
Financial highlights
§ Total revenues including defence sales increased by 19% to £14.3 million (2016: £12.1 million); up 10% at constant currency rates.
§ Bio-decontamination revenues increased by 27% to £14.0 million (2016: £11.1 million); up 17% at constant currency rates.
§ Non-UK revenues amounted to £11.3 million (2016: £9.0 million) - 79% of total revenues (2016: 75%)
§ Gross margin increased to 52% (2016: 46%)
§ EBITDA increased 56% to £2.5 million (2016: £1.6 million)
§ Profit before tax more than trebled to £1.4 million (2016: £0.4 million)
§ Basic earnings per share were 5.5p (2016: 0.8p)
§ Net cash of £11.8 million at 30 June 2017 (2016: £7.3 million)
 
Operational activities
§ US organisation restructured and additional sales resource recruited for Life Sciences
§ Management focused on simplifying the Group and further developing and improving the bio-decontamination business
§ Strong focus on generating recurring revenues from service activities and consumables sales
 
Ian Johnson, Chairman of Bioquell PLC, said:
"I am pleased to report that after a number of years of little growth, total revenues increased by 19% in the half year and that our core bio-decontamination division produced strong revenue growth of 27%. Profitability improved as a result of a significant improvement in margins coupled with tight cost control. Management continues to seek ways to simplify and focus the business around the core bio-decontamination products and services driving higher margin sales and yielding higher quality earnings. Given the momentum in the business the Board believes that the Company's profit before taxation for the current financial year will exceed current market expectations"

Bioquell PLC (BQE:LSE) set a new 52-week high during today's trading session when it reached 213.00. Over this period, the share price is up 38.89%.

Trading Statement
RNS
RNS Number : 2789B
Bioquell PLC
09 January 2018


9 January, 2018
Bioquell PLC
Trading statement
Bioquell PLC ("Bioquell") (LSE symbol: BQE) - a leading provider of specialist biodecontamination products and services for the international Life Sciences, pharmaceutical and healthcare markets today announces an update on its trading performance prior to entering the closed period ahead of the preliminary results for the year to 31 December 2017.
We estimate that revenues for the year ended 31 December, 2017 will be ahead of our previous expectations at approximately £29.3 million (2016: £26.8 million)
This estimate comprises £28.6m for the biodecontamination business (2016: £25.2m), representing growth of some 13% (9.6% at constant currency rates) and £0.7m for the defence business (2016: £1.3m), where revenues fluctuate significantly from year to year.
Pre-exceptional earnings before tax are expected to be significantly ahead of market expectations. As previously announced, an exceptional gain of £0.25m will be recognised on the disposal of the Airflow business.
The Company had net cash of £14.5m at the year end.
The preliminary results for the year ended 31 December, 2017 will be announced on 7 March, 2018.

Final results from a couple of days ago
Financial highlights
• Core biodecontamination business revenues up 13% to £28.5 million (2016: £25.2 million), up 9% at constant currency rates*
• Total revenues including the defence business were up 10% at £29.2 million (2016: £26.5 million), up 6% at constant currency rates*
• Gross Profit Margins improved to 52% from 48% in 2016
• Pre-exceptional EBITDA** increased 29% to £5.3 million (2016: £4.1 million)
• Profit from operations before exceptional items was up 81% to £2.9 million (2016: £1.6 million)
• Exceptional item of £0.3 million relating to profit on disposal of legacy Air Flow business (2016: exceptional items totalled a charge of £1.5 million)
• Profit before tax was £3.3 million (2016: £0.1 million)
• Basic Earnings per share 11.6p (2016: 1.3p)
• Diluted Earnings per share 10.8p (2016:1.2p)
• Cash and cash equivalents was £14.6 million (2016: £8.8 million)
* expressing revenues in both the period under review and the comparative period at constant exchange rates
** earnings before interest, tax, depreciation, amortisation and exceptional items.

Key developments
• Simplified and reduced complexity with the disposal of the legacy Air Flow service business and, subsequent to the year end, related spares business. The full benefit of increased focus on the core biodecontamination business will be felt in the year ending 31 December 2018
• Re-built US-based life sciences sales team which generated record levels of revenue in the US in 2017
• Encouraging sales growth of the Bioquell Qube aseptic workstation
• Completed large Rapid Biodecontamination Service (RBDS) contract with prestigious Middle East hospital

Yes, held mine through the buyback and very glad I did now.

Well done Rocky.

Half-year Report
RNS
RNS Number : 4945V
Bioquell PLC
24 July 2018





24 July 2018
Bioquell PLC - 2018 interim results
Bioquell PLC ("Bioquell") (LSE symbol: BQE) - a leading provider of bio decontamination solutions and modular isolators for the Pharmaceutical, Life Science and Healthcare markets today announces its interim results for the six month period ended 30 June, 2018.
Financial highlights
§ Total revenues including defence sales increased by 9% to £15.7 million (2017: £14.3 million), an increase of 13% at constant currency rates
§ Revenues excluding defence increased by 7% to £15.0 million (2017: £14.0 million). Like-for-like revenues, adjusting for the disposal of the AirFlow Spares and Service business ("AirFlow"), were up 15% at constant currency rates
§ EBITDA increased 28% to £3.3 million (2017: £2.5 million)
§ Profit before tax increased by 41% to £2.0 million (2017: £1.4 million)
§ Basic earnings per share were up 38% to 7.6p (2017: 5.5p)
§ Cash and cash equivalents of £15.0 million at 30 June 2018 (2017: £11.8 million)

Operational highlights
§ Disposed of final non-core asset, MDH Defence, for an initial consideration of £0.4 million and a possible future consideration of £0.6 million contingent on financial performance
§ Completed the disposal of AirFlow
§ Repositioned business with focus on bio decontamination solutions and modular isolators
Commenting on the 2018 interim results, Ian Johnson, Executive Chairman of Bioquell PLC, said:
"I am pleased to report continued growth in revenues despite exchange rate headwinds, a strong comparative first half in 2017 and the effect of disposals. Our core business increased by 15% on like for like sales at constant currency. Profit before tax increased by 41% with further improvement in gross margins from 52% to 54%.
The final non-core asset disposal of MDH Defence (which will cease to generate revenue from the end of 2018) provides the business with more predictable revenues and higher quality earnings from bio decontamination solutions and modular isolators. Given the continued improvements, particularly with respect to profitability, the Board believes that the Company will exceed current market expectations for profit for the full year."

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