Scapa Group (SCPA)

Sector:

Industrial Chemicals

Index:

FTSE AIM 50

120.20p
   
  • Change Today:
      5.20p
  • 52 Week High: 293.00
  • 52 Week Low: 100.00
  • Currency: UK Pounds
  • Shares Issued: 186.54m
  • Volume: 886,467
  • Market Cap: £224.23m
  • RiskGrade: 364

Scapa CEO agrees to stay on as ConvaTec spat heats up

By Iain Gilbert

Date: Monday 10 Jun 2019

LONDON (ShareCast) - (Sharecast News) - Healthcare and industrials company Scapa on Monday said chief executive Heejae Chae had agreed to reverse his decision to step down from the group.
Chae opted to remain with Scapa which was continuing to prepare its response and pursue \"all appropriate rights and remedies\" against embattled FTSE 250 drugmaker ConvaTec over a supply agreement.

Scapa also said its estimated exposure to revenue and trading profit from the dispute to be in the vicinity of £28m and £13m, respectively.

Scapa said ConvaTec did not have grounds to terminate the final three years of the five-year deal worth a minimum of roughly $30m in revenue per year.

Chairman Larry Pentz: \"The board is delighted that Heejae has agreed to continue as group chief executive.

\"The board remains committed to its strategy and believes it has the right capabilities and management to fully deliver its growth priorities and we will not be distracted by the recent claims published by ConvaTec, which we will robustly contest.\"

As of 0840 BST, Scapa shares had climbed 10.64% to 181p.

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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.

 

Scapa Group Market Data

Currency UK Pounds
Share Price 120.20p
Change Today 5.20p
% Change 4.52 %
52 Week High 293.00
52 Week Low 100.00
Volume 886,467
Shares Issued 186.54m
Market Cap £224.23m
RiskGrade 364

Scapa Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
24.58% below the market average24.58% below the market average24.58% below the market average24.58% below the market average24.58% below the market average
62.50% above the sector average62.50% above the sector average62.50% above the sector average62.50% above the sector average62.50% above the sector average
Price Trend
77.19% below the market average77.19% below the market average77.19% below the market average77.19% below the market average77.19% below the market average
77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average
Income
65.21% below the market average65.21% below the market average65.21% below the market average65.21% below the market average65.21% below the market average
14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average
Growth
10.38% below the market average10.38% below the market average10.38% below the market average10.38% below the market average10.38% below the market average
22.22% above the sector average22.22% above the sector average22.22% above the sector average22.22% above the sector average22.22% above the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 5
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Scapa Group Dividends

  Latest Previous
  Final Final
Ex-Div 25-Jul-19 19-Jul-18
Paid 23-Aug-19 17-Aug-18
Amount 2.90p 2.40p

Trades for 05-Jun-2020

Time Volume / Share Price
17:01 40,528 @ 118.11p
17:01 156,483 @ 118.11p
16:35 38,678 @ 120.20p
16:29 3 @ 120.00p
16:29 20 @ 119.00p

Scapa Group Key Personnel

CEO Heejae Chae
Chair Lawrence C Pentz
CFO Oskar Zahn

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