Adams (ADA)

Sector:

Real Estate

 6.75p
   
  • Change Today:
      0.000p
  • 52 Week High: 7.50
  • 52 Week Low: 3.00
  • Currency: UK Pounds
  • Shares Issued: 145.86m
  • Volume: 0
  • Market Cap: £9.85m
  • RiskGrade: 51

Adams' profits jump following rise in net assets

By Duncan Ferris

Date: Wednesday 03 Jul 2019

LONDON (ShareCast) - (Sharecast News) - Adams PLC on Wednesday reported a jump in annual profit before tax as its investment return increased on the back of strong growth in net asset value.
The AIM traded company's profit before tax came in at £0.3m for the year ended 31 March, for an increase of 43% compared to the year before, as investment return climbed by 24% to £0.4m.

Net assets stood at £2.4m at the end of the year, up from £2.1m at the same point 12 months earlier, while NAV per share rose from 2.55p to 2.87p.

The biotechnology and life sciences investment firm's investment portfolio includes London-listed contemporaries Petrofac, Eland Oil & Gas and Midatech Pharma.

Michael Bretherton, chairman of Adams, said: "The board continues to seek attractive investment opportunities coupled with a focus on financial discipline as the strategy to best navigate challenging markets and the uncertain global climate. We remain committed to delivering additional value for our shareholders going forward."

Bretherton added that the company will maintain a rigorous and highly selective investment approach as worldwide economic growth forecasts have been revised downwards for the next couple of years as trade tensions between the US and China, Brexit uncertainties and a erosion of business and consumer confidence are contribute to global economic slowdown.

Adams PLC's shares were up 5.88% at 4.50p at 1212 BST.

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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.

 

Adams Market Data

Currency UK Pounds
Share Price 6.75p
Change Today 0.000p
% Change 0.00 %
52 Week High 7.50
52 Week Low 3.00
Volume 0
Shares Issued 145.86m
Market Cap £9.85m
RiskGrade 51

Adams Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
31.81% below the market average31.81% below the market average31.81% below the market average31.81% below the market average31.81% below the market average
58.97% below the sector average58.97% below the sector average58.97% below the sector average58.97% below the sector average58.97% below the sector average
Price Trend
71.25% above the market average71.25% above the market average71.25% above the market average71.25% above the market average71.25% above the market average
81.82% above the sector average81.82% above the sector average81.82% above the sector average81.82% above the sector average81.82% above the sector average
Income Not Available
Growth Not Available

Adams Dividends

  Latest Previous
  Final Special
Ex-Div n/a 30-Jan-13
Paid n/a 15-Feb-13
Amount 0.000¢ 2.25¢

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

Adams Key Personnel

Chair Michael Anthony Bretherton

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