Deltex Medical Group (DEMG)

Sector:

Health Care

Index:

FTSE AIM All-Share

1.30p
   
  • Change Today:
      0.050p
  • 52 Week High: 2.65
  • 52 Week Low: 0.90
  • Currency: UK Pounds
  • Shares Issued: 524.46m
  • Volume: 650,796
  • Market Cap: £6.82m
  • RiskGrade: 442

Deltex stumbles after fundraising announcement

By Iain Gilbert

Date: Tuesday 23 Jan 2018

LONDON (ShareCast) - (ShareCast News) - Shares in haemodynamic management firm Deltex Medical Group fell as much as 12% during early trading on Tuesday morning after the group announced its intention to undertake a £1m equity placing.
Deltex revealed that the almost-£1.1m accelerated bookbuild would be launched at a minimum price of 1.25p, with certain other investors proposing to invest £685,000 in the company by way of a subscription at the issue price.

The company intended to provide all qualifying participants with the opportunity to subscribe for new ordinary shares at the issue price in order to raise up £350,000 before expenses with Deltex planning to use the proceeds of the placing and subscription to strengthen its balance sheet, as well as being put aside for general capital purposes.

Separately, the holders of loan notes issued by the company in 2016 agreed to defer the redemption date of 26 February 2019 for a further two years and as a result, the company agreed to reduce the conversion price from 6p to 4p to reflect the dilutive effect of the capital raisings, increasing the maximum number of ordinary shares to be issued under the loan notes from 18.75m to 27.5m.

After having reduced its cash consumption in 2017 by £1m from £2.3m in 2016 thanks to margin improvements and overhead reductions, Deltex hoped to become operating cash positive through a combination of cost reductions and revenue growth.

As of 0920 GMT, shares had slipped 9.84% to 1.40p.

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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.

 

DEMG Market Data

Currency UK Pounds
Share Price 1.30p
Change Today 0.050p
% Change 4.00 %
52 Week High 2.65
52 Week Low 0.90
Volume 650,796
Shares Issued 524.46m
Market Cap £6.82m
RiskGrade 442

DEMG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
42.91% below the market average42.91% below the market average42.91% below the market average42.91% below the market average42.91% below the market average
56.76% above the sector average56.76% above the sector average56.76% above the sector average56.76% above the sector average56.76% above the sector average
Price Trend
22.57% above the market average22.57% above the market average22.57% above the market average22.57% above the market average22.57% above the market average
5.00% above the sector average5.00% above the sector average5.00% above the sector average5.00% above the sector average5.00% above the sector average
Income Not Available
Growth
56.71% below the market average56.71% below the market average56.71% below the market average56.71% below the market average56.71% below the market average
70.59% below the sector average70.59% below the sector average70.59% below the sector average70.59% below the sector average70.59% 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.

DEMG Dividends

No dividends found

Trades for 14-Jul-2020

Time Volume / Share Price
13:35 20,000 @ 1.35p
13:32 21,929 @ 1.35p
13:29 17,736 @ 1.38p
13:14 1,600 @ 1.34p
11:35 31,043 @ 1.21p

DEMG Key Personnel

Chair Nigel J Keen
CEO Andy Mears

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