Cello Health (CLL)

Sector:

Health Care

Index:

FTSE AIM All-Share

163.50p
   
  • Change Today:
      1.50p
  • 52 Week High: 163.50
  • 52 Week Low: 101.00
  • Currency: UK Pounds
  • Shares Issued: 106.69m
  • Volume: 80,223
  • Market Cap: £174.44m
  • RiskGrade: 515

Cello Health buys US-based scientific consulting firm ISS

By Michele Maatouk

Date: Friday 16 Aug 2019

LONDON (ShareCast) - (Sharecast News) - Healthcare-led advisory group Cello Health has announced the acquisition of Innovative Science Solutions (ISS), a US-based scientific consulting firm, for up to $10.5m.
ISS specialises in strategic counsel and regulatory support for the healthcare industry. Since its foundation in 2000, it has helped many clients successfully navigate FDA advisory committee meetings, Cello said. The business also supports healthcare related clients with data provision in mounting legal defence around patent and intellectual property issues.

Cello will pay an initial consideration of $6.4m in cash, which will be funded from its existing cash and debt facilities. There will also be a deferred consideration of up to $4.1m payable in four tranches, each dependent on financial performance over the periods from 1 August 2019 to 31 July 2024.

For the year to 31 December 2018, ISS had an unaudited revenue of $5.0m, net revenue of $4.5m, unadjusted pre-tax profit of $2.8m and adjusted operating profit of $1.8 m. It's expected that post completion, ISS's operating profits will be lower than historical levels, reflecting the investment in senior headcount required "as the business rapidly develops the scale of its professional base to support its growing client franchise".

Cello Health chief executive Julia Ralston said: "We are excited about the acquisition of ISS at this stage in our US evolution. ISS has built a strong reputation for provision of its scientific consulting services. Adding this technical offer will benefit our clients, particularly by tackling their biggest challenges in navigating critical scientific, commercial, and regulatory pathways to successful commercialisation."

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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 163.50p
Change Today 1.50p
% Change 0.93 %
52 Week High 163.50
52 Week Low 101.00
Volume 80,223
Shares Issued 106.69m
Market Cap £174.44m
RiskGrade 515

Cello Health Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
67.81% below the market average67.81% below the market average67.81% below the market average67.81% below the market average67.81% below the market average
83.78% above the sector average83.78% above the sector average83.78% above the sector average83.78% above the sector average83.78% above the sector average
Price Trend
88.19% above the market average88.19% above the market average88.19% above the market average88.19% above the market average88.19% above the market average
35.00% above the sector average35.00% above the sector average35.00% above the sector average35.00% above the sector average35.00% above the sector average
Income
18.66% below the market average18.66% below the market average18.66% below the market average18.66% below the market average18.66% below 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
31.65% below the market average31.65% below the market average31.65% below the market average31.65% below the market average31.65% below the market average
29.41% below the sector average29.41% below the sector average29.41% below the sector average29.41% below the sector average29.41% below the sector average

What The Brokers Say

Strong Buy 0
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 1
neutral
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Cello Health Dividends

  Latest Previous
  2nd Interim Interim
Ex-Div 23-Apr-20 03-Oct-19
Paid 22-May-20 01-Nov-19
Amount 1.00p 1.15p

Trades for 03-Jul-2020

Time Volume / Share Price
16:20 85,000 @ 163.00p
16:20 85,000 @ 163.00p
15:32 16,900 @ 162.00p
16:07 6,236 @ 162.00p
16:01 67 @ 162.00p

Cello Health Key Personnel

CEO Mark Scott

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