Deltex Medical Group (DEMG)

Sector:

Health Care

Index:

FTSE AIM All-Share

1.33p
   
  • Change Today:
    -0.050p
  • 52 Week High: 2.00p
  • 52 Week Low: 0.90p
  • Currency: UK Pounds
  • Shares Issued: 516.12m
  • Volume: 2,306,952
  • Market Cap: £6.84m
  • RiskGrade: 261

Deltex makes 'significant reduction' in costs

By Iain Gilbert

Date: Friday 25 Jan 2019

LONDON (ShareCast) - (Sharecast News) - Doppler monitoring outfit Deltex Medical has seen a significant reduction in costs following the implementation of its new strategy.
Deltex said it was able to deliver "substantially improved profitability and cash generation" during the three months ended 31 December and now expects that it will be EBITDA positive in the new year.

While Deltex expected lower levels of revenues during the initial phase of the implementation as it switched its focus towards driving revenues from existing customers, the targeted approach offset much of those concerns as several other costs were able to be "significantly reduced".

Overall, the AIM-listed firm recorded revenues slightly behind expectations at approximately £5m, while full-year losses before exceptional items were expected to be "broadly in line with market expectations".

Gross cash was up 200% at £600,000.

Chairman Nigel Keen said: "The initial results from the new business strategy of building a more stable business as a result of improved profitability and cash generation are most encouraging; we are looking forward to seeing further progress during 2019."

As of 0840 GMT, Deltex shares had shot up 15.79% to 1.10p.

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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 1.33p
Change Today -0.050p
% Change -3.64 %
52 Week High 2.00p
52 Week Low 0.90p
Volume 2,306,952
Shares Issued 516.12m
Market Cap £6.84m
RiskGrade 261

DEMG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
39.9% below the market average39.9% below the market average39.9% below the market average39.9% below the market average39.9% below the market average
2.86% above the sector average2.86% above the sector average2.86% above the sector average2.86% above the sector average2.86% above the sector average
Price Trend
30.2% below the market average30.2% below the market average30.2% below the market average30.2% below the market average30.2% below the market average
45% below the sector average45% below the sector average45% below the sector average45% below the sector average45% below the sector average
Income Not Available
Growth
54.19% below the market average54.19% below the market average54.19% below the market average54.19% below the market average54.19% below the market average
57.58% below the sector average57.58% below the sector average57.58% below the sector average57.58% below the sector average57.58% 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 20-Sep-2019

Time Volume / Share Price
16:33 1,000,000 @ 1.30p
15:42 200,000 @ 1.35p
15:12 125,000 @ 1.35p
14:19 35,378 @ 1.38p
14:11 46,574 @ 1.38p

DEMG Key Personnel

Chair Nigel J Keen
Finance Director Jonathan David Shaw
CEO Andy Mears

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