Cello Health (CLL)

Sector:

Health Care

Index:

FTSE AIM All-Share

 127.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 137.50
  • 52 Week Low: 96.00
  • Currency: UK Pounds
  • Shares Issued: 104.77m
  • Volume: 5,203
  • Market Cap: £133.58m
  • RiskGrade: 80
  • Beta: 0.10

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 127.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 137.50
52 Week Low 96.00
Volume 5,203
Shares Issued 104.77m
Market Cap £133.58m
Beta 0.10
RiskGrade 80

Cello Health Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
66.8% below the market average66.8% below the market average66.8% below the market average66.8% below the market average66.8% below the market average
77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average
Price Trend
10.97% below the market average10.97% below the market average10.97% below the market average10.97% below the market average10.97% below the market average
15% below the sector average15% below the sector average15% below the sector average15% below the sector average15% below the sector average
Income
7.96% above the market average7.96% above the market average7.96% above the market average7.96% above the market average7.96% above the market average
57.14% above the sector average57.14% above the sector average57.14% above the sector average57.14% above the sector average57.14% above the sector average
Growth
32.55% below the market average32.55% below the market average32.55% below the market average32.55% below the market average32.55% below the market average
41.18% below the sector average41.18% below the sector average41.18% below the sector average41.18% below the sector average41.18% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 2
buy
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Cello Health Dividends

  Latest Previous
  Interim Final
Ex-Div 03-Oct-19 25-Apr-19
Paid 01-Nov-19 24-May-19
Amount 1.15p 2.75p

Trades for 18-Oct-2019

Time Volume / Share Price
14:15 41 @ 126.26p
10:11 5,162 @ 126.80p

Cello Health Key Personnel

CEO Mark Scott

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