Craneware (CRW)

Sector:

Health Care

Index:

FTSE AIM 100

2,200.00p
   
  • Change Today:
    -40.00p
  • 52 Week High: 2,270.00p
  • 52 Week Low: 1,080.00p
  • Currency: UK Pounds
  • Shares Issued: 35.34m
  • Volume: 88,243
  • Market Cap: £777.58m
  • RiskGrade: 185

Craneware's shares dive after sales disappoint

By Duncan Ferris

Date: Friday 28 Jun 2019

LONDON (ShareCast) - (Sharecast News) - Craneware's shares plummeted on Friday after it reported that the quantity of sales closed in the second half of the year ended 30 June was lower than anticipated.
Even so, the AIM traded company insisted that it had continued to make progress on its long-term strategic aim to become ubiquitous in US Hospitals as the intelligence layer sitting across all other systems, delivering the information required to improve financial and operational performance.

Consequently, the US-focused medical technology company said annual revenue growth is expected to be approximately 6%, down from 16% growth during the year before, while adjusted EBITDA growth is now forecast to slip from 20% to approximately 10%.

The EBITDA figure has also been adjusted for one-off exceptional costs of approximately $1.5m relating to fees for an acquisition opportunity that the group decided not to pursue.

Capitalised R&D has also increased as the company launched three new products on its Trisus platform.

Keith Neilson, chief executive of Craneware, said: "As we close our financial year, we continue to look to the future with high levels of confidence despite our short-term sales performance in the latter part of the year. We have a significant and growing pipeline, which we are focused on converting. As a board we are convinced that our strategy with the Trisus platform differentiates us from other healthcare solutions vendors."

Craneware's shares were down 30.35% at 2,047.80p at 0938 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.

 

Craneware Market Data

Currency UK Pounds
Share Price 2,200.00p
Change Today -40.00p
% Change -1.79 %
52 Week High 2,270.00p
52 Week Low 1,080.00p
Volume 88,243
Shares Issued 35.34m
Market Cap £777.58m
RiskGrade 185

Craneware Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
93.25% below the market average93.25% below the market average93.25% below the market average93.25% below the market average93.25% below the market average
87.5% below the sector average87.5% below the sector average87.5% below the sector average87.5% below the sector average87.5% below the sector average
Price Trend
95.20% above the market average95.20% above the market average95.20% above the market average95.20% above the market average95.20% above the market average
94.59% above the sector average94.59% above the sector average94.59% above the sector average94.59% above the sector average94.59% above the sector average
Income
97.98% below the market average97.98% below the market average97.98% below the market average97.98% below the market average97.98% below the market average
71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average
Growth
22.47% below the market average22.47% below the market average22.47% below the market average22.47% below the market average22.47% below the market average
22.22% below the sector average22.22% below the sector average22.22% below the sector average22.22% below the sector average22.22% below the sector average

What The Brokers Say

Strong Buy 3
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 4
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Craneware Dividends

  Latest Previous
  Interim Final
Ex-Div 21-Mar-24 23-Nov-23
Paid 15-Apr-24 15-Dec-23
Amount 13.00p 16.00p

Trades for 28-Mar-2024

Time Volume / Share Price
16:39 399 @ 2,200.00p
16:36 2,793 @ 2,215.00p
16:35 6,700 @ 2,200.00p
16:35 6,700 @ 2,200.00p
16:35 22,562 @ 2,200.00p

Craneware Key Personnel

CEO Keith Neilson

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