Cello Health (CLL)

Sector:

Health Care

Index:

FTSE AIM All-Share

 123.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 139.50p
  • 52 Week Low: 96.00p
  • Currency: UK Pounds
  • Shares Issued: 104.77m
  • Volume: 29,935
  • Market Cap: £128.87m
  • RiskGrade: 96

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Sector movers: Media stocks get M&A boost as ITV surges

Date: Thursday 17 Jul 2014

LONDON (ShareCast) - M&A activity and bid speculation gave UK-listed media stocks a boost on Thursday, with the sector topping the risers list in London this afternoon.

British Sky Broadcasting, which is currently considering a giant European consolidation with acquisitions of Sky Italia and Sky Deutschland, has sold a 6.4% stake in broadcaster ITV to US-based Liberty Global for £481m.

The move puts ITV in play as a takeover target, according to analysts, although Liberty has said it does not intend to make a bid, which implies a six-month moratorium under takeover rules.

ITV shares were up over 7% at 196.8p by 14:03, having jumped as much as 10% earlier on.

Will Hedden, Premium Client Manager at IG, said today's deal reflects the "evolution of the TV market", in which providers are taking direct control of content to reduce their reliance of ad revenues.

It is thought that ITV could be attractive to potential bidders as it provides access to a growing library of content via its ITV Studios business, plus customers, strong branding and financial engineering.

Hedden said: "The prospect for a potential future takeover is there, even if the rulebook says it won't be imminent. ITV shareholders have had to sit through a fall in the share price the last few months after years of solid gains, but this has sent the stock straight back towards £2 and this could entice traders in, as events in the sector should support some bid premium staying in the stock."

Meanwhile, sentiment in the media sector was also boosted by the news yesterday that Time Warner rejected an $80bn takeover bid by Rupert Murdoch's 21st Century Fox in June.

Time Warner released a statement saying that the deal created "significant risk and uncertainty" on the valuation of Fox's non-voting stock and its ability to govern and manage a combination of the size and scale of a merged company.

Fox confirmed it had made an approach but said it was no longer in talks with Time Walker, making it unclear on whether a second bid would be launched.

Other stocks in the UK media sector were making decent gains today including Trinity Mirror, UTV Media, STV Group, Cello Group and Perform Group.



Top performing sectors so far today
Tobacco 40,353.32 +1.27%
Media 6,071.62 +0.84%
Food Producers & Processors 7,739.67 +0.11%
Industrial Engineering 10,366.08 +0.08%
Real Estate Investment Trusts 2,776.08 +0.04%

Bottom performing sectors so far today
Industrial Metals & Mining 1,226.22 -2.96%
Forestry & Paper 11,159.13 -1.99%
General Industrials 4,057.46 -1.82%
Electricity 9,781.37 -1.39%
Automobiles & Parts 8,295.46 -1.36%

BC

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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.

 

Cello Health Market Data

Currency UK Pounds
Share Price 123.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 139.50p
52 Week Low 96.00p
Volume 29,935
Shares Issued 104.77m
Market Cap £128.87m
RiskGrade 96

Cello Health Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
64.07% below the market average64.07% below the market average64.07% below the market average64.07% below the market average64.07% below the market average
65.71% above the sector average65.71% above the sector average65.71% above the sector average65.71% above the sector average65.71% above the sector average
Price Trend
0.35% above the market average0.35% above the market average0.35% above the market average0.35% above the market average0.35% above the market average
13.51% above the sector average13.51% above the sector average13.51% above the sector average13.51% above the sector average13.51% above the sector average
Income
15.54% above the market average15.54% above the market average15.54% above the market average15.54% above the market average15.54% above the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average
Growth
32.1% below the market average32.1% below the market average32.1% below the market average32.1% below the market average32.1% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average

What The Brokers Say

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

Cello Health Dividends

  Latest Previous
  Final Interim
Ex-Div 25-Apr-19 04-Oct-18
Paid 24-May-19 02-Nov-18
Amount 2.75p 1.10p

Trades for 16-Sep-2019

Time Volume / Share Price
14:07 15,000 @ 123.00p
14:00 5,000 @ 123.00p
08:55 84,606 @ 123.00p
08:55 84,606 @ 123.00p

Cello Health Key Personnel

CEO Mark Scott

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