Inspiration Healthcare Group (IHC)

Sector:

Industrial Chemicals

Index:

FTSE AIM All-Share

 17.25p
   
  • Change Today:
      0.000p
  • 52 Week High: 53.50p
  • 52 Week Low: 15.85p
  • Currency: UK Pounds
  • Shares Issued: 89.66m
  • Volume: 6,500
  • Market Cap: £15.47m
  • RiskGrade: 227

Inspiration Healthcare shares hit record low as material export order remains outstanding

By Iain Gilbert

Date: Wednesday 01 May 2024

LONDON (ShareCast) - (Sharecast News) - Medical technology provider Inspiration Healthcare Group shares hit a record low early on Wednesday as it said a material export order that was due at the end of January remains outstanding.
Inspiration Healthcare still expects to receive the outstanding order in the current financial year but was not able to confirm a date due to "factors outside of its control".

As a result, Inspiration has been in discussions with its bank regarding covenant tests on its debt facility and has sought and received a waiver from its lender. Alternate covenants have been agreed until 30 April 2025 and Inspiration also said it was also "investigating alternate financing options" in the event the order is not received.

Additionally, the AIM-listed company noted that Q1 had also seen a continuation of "the challenging trading conditions" experienced in the second half of the last year and expects sales in the current year to be "significantly second-half weighted".

"Excluding the material export order, underlying growth in the group's business is expected to be mid-single digits for the financial year overall, and with some ongoing pressure on margins. In addition, Sales at Airon Corporation, the group's newly acquired business in Florida have started the year positively and the business is reporting significant growth over the prior year," said Inspiration. "In the meantime, the group continues to focus on delivering on its growth strategy internationally."

As of 1030 BST, Inspiration Healthcare shares had slumped 41.97% to an all-time low of 17.99p.











Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

IHC Market Data

Currency UK Pounds
Share Price 17.25p
Change Today 0.000p
% Change 0.00 %
52 Week High 53.50p
52 Week Low 15.85p
Volume 6,500
Shares Issued 89.66m
Market Cap £15.47m
RiskGrade 227

IHC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
65.22% above the market average65.22% above the market average65.22% above the market average65.22% above the market average65.22% above the market average
20% below the sector average20% below the sector average20% below the sector average20% below the sector average20% below the sector average
Price Trend
88.26% below the market average88.26% below the market average88.26% below the market average88.26% below the market average88.26% below the market average
46.67% below the sector average46.67% below the sector average46.67% below the sector average46.67% below the sector average46.67% below the sector average
Income
89.56% below the market average89.56% below the market average89.56% below the market average89.56% below the market average89.56% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
94.25% below the market average94.25% below the market average94.25% below the market average94.25% below the market average94.25% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

IHC Dividends

  Latest Previous
  Interim Final
Ex-Div 23-Nov-23 29-Jun-23
Paid 22-Dec-23 28-Jul-23
Amount 0.20p 0.41p

Trades for 31-Oct-2024

Time Volume / Share Price
12:02 6,500 @ 17.20p

IHC Key Personnel

COO Brook Nolson
CFO Alan Olby

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