Cropper (James) (CRPR)

Sector:

Paper and Other Forestry Products

Index:

FTSE AIM All-Share

246.67p
   
  • Change Today:
    -13.33p
  • 52 Week High: 930.00
  • 52 Week Low: 240.00
  • Currency: UK Pounds
  • Shares Issued: 9.55m
  • Volume: 17,511
  • Market Cap: £23.57m
  • RiskGrade: 258

James Cropper acquires electrochemicals firm PV3 Technologies

By Josh White

Date: Monday 18 Jan 2021

LONDON (ShareCast) - (Sharecast News) - James Cropper announced on Monday that its subsidiary Technical Fibre Products (TFP) has entered into a definitive agreement to acquire PV3 Technologies, a company which specialises in the development and manufacture of electrochemical materials used in the creation of green hydrogen.
The AIM-traded firm described the acquisition as "the latest step" in TFP's growth, building on recent capacity expansion, adding that it would increase TFP's portfolio of products for hydrogen technologies to provide new opportunities for growth and market penetration.

It said PV3, founded in 2011, was based in Launceston, Cornwall, explaining that it develops and manufactures a range of products including coated electrodes, high performance catalyst powders for use in fuel cells and electrolysis, and water electrolyser materials which improve system efficiency and durability, reducing the cost of green hydrogen.

PV3 serves a small number of customers, mainly within the hydrogen sector, and was said to be "well-placed" to grow within the hydrogen production market with capacity in place to grow "substantially".

In addition to having complementary technologies to TFP, PV3 also shared the same emphasis on customer collaboration and product development, and following the acquisition, PV3 Technologies would be called TFP Hydrogen Products.

"The acquisition of PV3 Technologies is the latest step in TFP's growth plans, providing the opportunity to further enhance TFP's market position in the hydrogen economy," said James Cropper chief executive officer Phil Wild.

"Fuel cells are already a key growth market for TFP, our nonwovens are used extensively as GDL substrates for fuel cells and, in the last financial year, TFP saw a 40% growth in sales into this sector."

Wild said the incorporation of PV3 would enable the company to expand its product portfolio to offer catalyst powders for fuel cells, as well as electrolyser components used to generate green hydrogen as a fuel source.

"This acquisition strengthens our position within the hydrogen economy, expands our product offering and knowledge base, and creates opportunities for further growth."

At 0921 GMT, shares in James Cropper were up 6.31% at 1,180p.

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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.

 

Cropper (James) Market Data

Currency UK Pounds
Share Price 246.67p
Change Today -13.33p
% Change -5.13 %
52 Week High 930.00
52 Week Low 240.00
Volume 17,511
Shares Issued 9.55m
Market Cap £23.57m
RiskGrade 258

Cropper (James) Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
25.07% above the market average25.07% above the market average25.07% above the market average25.07% above the market average25.07% above the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
88.8% below the market average88.8% below the market average88.8% below the market average88.8% below the market average88.8% 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
Income
66.16% below the market average66.16% below the market average66.16% below the market average66.16% below the market average66.16% 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
83.4% below the market average83.4% below the market average83.4% below the market average83.4% below the market average83.4% 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

Cropper (James) Dividends

  Latest Previous
  Interim Final
Ex-Div 07-Dec-23 07-Sep-23
Paid 08-Jan-24 20-Oct-23
Amount 3.00p 4.00p

Trades for 28-Mar-2024

Time Volume / Share Price
13:53 2,953 @ 253.63p
13:52 200 @ 253.80p
13:47 2,500 @ 247.93p
13:44 2,750 @ 248.90p
13:33 250 @ 240.96p

Cropper (James) Key Personnel

Chair Mark A J Cropper
CEO Steve Adams

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