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 increases stake in Circassia

By Josh White

Date: Friday 03 Jan 2020

LONDON (ShareCast) - (Sharecast News) - Adams announced on Friday that, on 2 January, it purchased an additional 2,400,000 ordinary shares in Circassia on the AIM market, at an average price of 19p per share, for a total cash consideration of £0.46m.
The AIM-traded firm said its total holding in Circassia now amounted to 3,075,000 ordinary shares, representing 0.82% of Circassia's currently issued share capital.

Following the investment, it said it had cash balances of around £1.0m.

"Circassia is a specialty commercial pharmaceutical company focused on respiratory disease which promotes innovative asthma management products, including the 'NIOX' asthma diagnosis and management products and the chronic obstructive pulmonary disease products 'Tudorza' and 'Duaklir', directly to specialist physicians in a number of key markets," the Adams board explained.

"Circassia is working to expand its portfolio further through in-licensing, partnering or acquisition."

It said Circassia's revenues totalled £27.9m for the six months ended 30 June, which - coupled with continued significant investment in development and marketing - resulted in an operating loss of £19.3m for that period.

Circassia held cash and cash equivalents of £21m as at 30 June.

On 5 December, Circassia reiterated the guidance it had given in its interim financial results, confirming that it anticipated full year 2019 revenues of between £60m and £65m, with a "dramatically reduced" net cash outflow in the second half of 2019 compared with the first half.

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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
71.95% above the market average71.95% above the market average71.95% above the market average71.95% above the market average71.95% 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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