Science In Sport (SIS)

Sector:

Food

Index:

FTSE AIM All-Share

 26.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 27.00
  • 52 Week Low: 11.75
  • Currency: UK Pounds
  • Shares Issued: 232.27m
  • Volume: 50,843
  • Market Cap: £60.39m
  • Beta: 0.10

Science in Sport interim losses widen, considering sale

By Michele Maatouk

Date: Friday 30 Sep 2022

LONDON (ShareCast) - (Sharecast News) - Science in Sport announced a £5m share placing on Friday to strengthen its balance sheet, as it reported a swing to an underlying EBITDA loss for the first half and said it could put itself up for sale.
The AIM-listed group, which makes premium performance nutrition for athletes, swung to an underlying EBITDA loss of £2.3m in the first half from an underlying operating profit of £0.6m in the same period a year earlier. This was despite revenues rising 10% to £32.3m.

Chief executive Stephen Moon said: "After a strong start to the year, weakening consumer demand, temporary supply chain issues and input cost increases have combined to impact our trading."

The company announced that it was looking to raise £5m in a placing of just over 33.3m shares at 15p each.

Proceeds will be used to strengthen the balance sheet in the event there is any further downturn in the economy impacting sales or any unexpected increases in input material costs or other costs, it said.

Science in Sport also said it has decided to conduct a strategic review to maximise value for shareholders and that this might result in a sale of the company or certain assets.

"The board believes that the current market capitalisation of the company fundamentally undervalues the group and does not recognise the inherent value of its premium brands and market positioning," it said.

The group said it is not in talks with any potential offeror at this time and is not in receipt of any approach with regard to a possible offer.

At 0940 BST, the shares were down 30% at 16.50p.

Email this article to a friend

or share it with one of these popular networks:


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

 

SIS Market Data

Currency UK Pounds
Share Price 26.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 27.00
52 Week Low 11.75
Volume 50,843
Shares Issued 232.27m
Market Cap £60.39m
Beta 0.10

SIS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
54.87% below the market average54.87% below the market average54.87% below the market average54.87% below the market average54.87% below the market average
48.15% below the sector average48.15% below the sector average48.15% below the sector average48.15% below the sector average48.15% below the sector average
Price Trend
95.74% above the market average95.74% above the market average95.74% above the market average95.74% above the market average95.74% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income Not Available
Growth
30.28% below the market average30.28% below the market average30.28% below the market average30.28% below the market average30.28% below the market average
3.7% below the sector average3.7% below the sector average3.7% below the sector average3.7% below the sector average3.7% below the sector average

SIS Dividends

No dividends found

Trades for 20-Dec-2024

Time Volume / Share Price
16:07 280 @ 25.15p
15:43 38 @ 26.10p
13:38 2 @ 26.10p
10:50 50,000 @ 25.00p
10:11 47 @ 27.00p

Top of Page