By Michele Maatouk
Date: Wednesday 03 May 2023
LONDON (ShareCast) - (Sharecast News) - Johnson Matthey announced the sale on Wednesday of Diagnostic Services, a business providing specialised detection, diagnostic, and measurement solutions, to UK-based private equity investor Sullivan Street Partners for £55m in cash.
Diagnostic Services is a part of JM's 'value businesses' and has been identified as non-core to the company's growth strategy.
Sullivan Street Partners has partnered with Scottish-based private family investment office Souter Investments for the acquisition.
In the year to the end of March 2022, Diagnostic Services reported external sales of £55m, operating profit of £4m and net assets of £35m. A small accounting loss on sale is expected.
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Currency | UK Pounds |
Share Price | 1,861.00p |
Change Today | 8.00p |
% Change | 0.43 % |
52 Week High | 1,954.00 |
52 Week Low | 1,446.50 |
Volume | 23,068 |
Shares Issued | 193.59m |
Market Cap | £3,602.71m |
RiskGrade | 168 |
Value |
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Price Trend |
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Income |
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Growth |
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Strong Buy | 3 |
Buy | 1 |
Neutral | 6 |
Sell | 1 |
Strong Sell | 0 |
Total | 11 |
Latest | Previous | |
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Interim | Final | |
Ex-Div | 30-Nov-23 | 08-Jun-23 |
Paid | 06-Feb-24 | 01-Aug-23 |
Amount | 22.00p | 55.00p |
Time | Volume / Share Price |
09:35 | 12 @ 1,861.00p |
09:35 | 90 @ 1,861.00p |
09:35 | 11 @ 1,861.00p |
09:35 | 48 @ 1,863.00p |
09:35 | 3 @ 1,863.00p |
Chair | Patrick W. Thomas |
CFO | Stephen Oxley |
CEO | Liam Condon |
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