EKF Diagnostics Holdings (EKF)

Sector:

Financials

Index:

FTSE AIM All-Share

23.00p
   
  • Change Today:
      1.00p
  • 52 Week High: 33.20p
  • 52 Week Low: 18.75p
  • Currency: UK Pounds
  • Shares Issued: 453.03m
  • Volume: 752,145
  • Market Cap: £104.20m

EKF Diagnostics offloads ADL Health after strategic review

By Josh White

Date: Thursday 23 Mar 2023

LONDON (ShareCast) - (Sharecast News) - EKF Diagnostics announced the disposal of its subsidiary, Advanced Diagnostic Laboratory (ADL Health), on Thursday.
The AIM-traded diagnostics specialist said it had taken the decision as a result of the challenges presented by the transition of its laboratory testing business towards generating non-Covid revenues, as well as the drop in demand for Covid-19 testing worldwide since the first quarter of 2022.

In a trading update on 6 February, EKF said ADL Health would contribute to a loss in 2022, which led to the review of the business and its rationale by the management team in the context of the company's wider strategy.

"Following the conclusion of this review, management has determined that laboratory testing will no longer form part of EKF's core offering and, therefore, has agreed to dispose of ADL Health to Medical Management Partners, - an entity which is 100% controlled by Stan Crawford, a member of the management team of ADL Health," the board said in its statement.

"The disposal will provide cost savings to EKF, allow management time to focus on growth initiatives in other areas, and also simplify the reporting structure of the wider group."

At 1425 GMT, shares in EKF Diagnostics Holdings were down 1.85% at 26.01p.

Reporting by Josh White for Sharecast.com.

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

 

EKF Market Data

Currency UK Pounds
Share Price 23.00p
Change Today 1.00p
% Change 4.55 %
52 Week High 33.20p
52 Week Low 18.75p
Volume 752,145
Shares Issued 453.03m
Market Cap £104.20m

EKF Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
70.4% below the market average70.4% below the market average70.4% below the market average70.4% below the market average70.4% below the market average
59.62% below the sector average59.62% below the sector average59.62% below the sector average59.62% below the sector average59.62% below the sector average
Price Trend
46.06% below the market average46.06% below the market average46.06% below the market average46.06% below the market average46.06% below the market average
54.55% below the sector average54.55% below the sector average54.55% below the sector average54.55% below the sector average54.55% below the sector average
Income Not Available
Growth
55.24% above the market average55.24% above the market average55.24% above the market average55.24% above the market average55.24% above the market average
58.33% above the sector average58.33% above the sector average58.33% above the sector average58.33% above the sector average58.33% above the sector average

What The Brokers Say

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

EKF Dividends

  Latest Previous
  Final Final
Ex-Div 02-Nov-23 03-Nov-22
Paid 01-Dec-23 01-Dec-22
Amount 1.20p 1.20p

Trades for 01-Apr-2025

Time Volume / Share Price
09:34 250,000 @ 23.00p
16:35 38,303 @ 23.00p
16:35 11,704 @ 23.00p
16:35 7,660 @ 23.00p
16:35 11,279 @ 23.00p

EKF Key Personnel

CFO Stephen (Steve) Young
CEO Gavin T Jones

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