Scapa Group (SCPA)

Sector:

Industrial Chemicals

Index:

FTSE AIM 50

233.00p
   
  • Change Today:
      1.50p
  • 52 Week High: 437.00
  • 52 Week Low: 157.00
  • Currency: UK Pounds
  • Shares Issued: 155.24m
  • Volume: 195,982
  • Market Cap: £361.72m
  • RiskGrade: 301
  • Beta: 0.95

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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 233.00p
Change Today 1.50p
% Change 0.65 %
52 Week High 437.00
52 Week Low 157.00
Volume 195,982
Shares Issued 155.24m
Market Cap £361.72m
Beta 0.95
RiskGrade 301

Scapa Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
78.77% below the market average78.77% below the market average78.77% below the market average78.77% below the market average78.77% 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
Price Trend
79.06% below the market average79.06% below the market average79.06% below the market average79.06% below the market average79.06% below the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average
Income
79.92% below the market average79.92% below the market average79.92% below the market average79.92% below the market average79.92% below the market average
71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average
Growth
23.64% below the market average23.64% below the market average23.64% below the market average23.64% below the market average23.64% below the market average
26.32% below the sector average26.32% below the sector average26.32% below the sector average26.32% below the sector average26.32% below the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 4
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 15-Nov-2019

Time Volume / Share Price
16:35 18,736 @ 233.00p
16:29 106 @ 231.00p
16:29 255 @ 230.50p
16:29 117 @ 231.00p
16:29 500 @ 231.00p

Scapa Group Key Personnel

CEO Heejae Chae
CFO Oskar Zahn

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