Ilika (IKA)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

 40.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 49.92
  • 52 Week Low: 20.47
  • Currency: UK Pounds
  • Shares Issued: 138.60m
  • Volume: 9,048
  • Market Cap: £55.44m

Ilika not anticipating change to expectations from coronavirus pandemic

By Josh White

Date: Wednesday 25 Mar 2020

LONDON (ShareCast) - (Sharecast News) - Solid state battery technology company Ilika updated the market on Wednesday, on the actions it had taken to minimise the impact of the Covid-19 coronavirus pandemic on its business.
The AIM-traded firm said that in order to prioritise the safety of its staff, their families and its customers, it was ensuring its compliance with UK government directives to avoid non-essential travel and maximise home-working.

It said any employees falling into at-risk categories and those showing Covid-19 symptoms were following self-isolation procedures.

Ilika said it was liaising with its supply chain partners to "manage and mitigate" the consequences of any localised business disruption.

Through the deployment of effective remote working practices, it added it was maintaining momentum with planned business discussions, and was continuing to mature its commercial pipeline.

The company's pilot line at the University of Southampton had temporarily closed due to the pandemic but, given its ability to maintain essential existing operations and with the proposed third-party fabrication facility expected to proceed as planned, on the basis of current government guidance, it said it did not currently expect any material change to market expectations for the financial years ending 30 April 2020, 2021, 2022 and 2023 to arise as a result of the pandemic.

"We have taken a proactive approach to managing the operational risks posed by Covid-19," said chief executive officer Graeme Purdy.

"In particular, we are ensuring continued momentum with our strategy of implementing a manufacturing route for our 'Stereax' miniature batteries and also the development of our large format 'Goliath' programme.

"I would like to extend my thanks to our loyal team of staff, partners, advisors and shareholders through these turbulent times."

At 1400 GMT, shares in Ilika were up 11.84% at 24p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Ilika Market Data

Currency UK Pounds
Share Price 40.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 49.92
52 Week Low 20.47
Volume 9,048
Shares Issued 138.60m
Market Cap £55.44m

Ilika Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
49.24% below the market average49.24% below the market average49.24% below the market average49.24% below the market average49.24% below the market average
Sector averageSector averageSector averageSector averageSector average
Price Trend
90.32% above the market average90.32% above the market average90.32% above the market average90.32% above the market average90.32% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Income Not Available
Growth
54.95% above the market average54.95% above the market average54.95% above the market average54.95% above the market average54.95% above the market average
14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above 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.

Ilika Dividends

No dividends found

Trades for 26-May-2020

Time Volume / Share Price
16:19 2,412 @ 41.00p
15:43 1,250 @ 41.00p
15:10 7 @ 42.00p
14:00 60 @ 42.00p
13:19 487 @ 41.00p

Ilika Key Personnel

CEO Graeme Purdy
Finance Director Stephen John Boydell
Chair Keith Jackson

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