Benchmark Holdings (BMK)

Sector:

Pharma and Biotech

Index:

FTSE AIM 100

48.00p
   
  • Change Today:
      3.50p
  • 52 Week High: 64.00
  • 52 Week Low: 40.00
  • Currency: UK Pounds
  • Shares Issued: 703.96m
  • Volume: 267,007
  • Market Cap: £337.90m

Benchmark receives final joint venture dissolution payment in Chile

By Josh White

Date: Monday 28 Oct 2019

LONDON (ShareCast) - (Sharecast News) - Aquaculture health, nutrition and genetics company Benchmark Holdings announced on Monday that it will receive $8.75m from AquaChile, representing the second and final payment under the joint venture dissolution agreement.
The AIM-traded firm said payment was due within five days of signing.

As part of this agreement, the company said it had completed the transfer of ownership of the Ensenada facility, which gave Benchmark control of the salmon breeding operation previously belonging to the joint venture.

It added that it had received the intellectual property rights, genetics stock and biomass in the joint venture.

"The Ensenada facility is a highly bio-secure hatchery situated in the 'Los Lagos' region in Chile, with good access to spring water required for the production of high-quality eyed eggs suitable for the Chilean industry," the board said in its statement.

"The Ensenada facility is being adapted to be suitable for maturation of broodstock, spawning and fertilisation of eggs, and it is expected that the first eggs from the new facility will be available in the first half of 2021."

Chile is the world's second largest salmon producing country, Benchmark said, adding that it was an important market in its long term strategy.

"We remain focused on achieving full scale production at this biosecure, land based facility."

As at 1246 GMT, shares in Benchmark Holdings were down 3.07% at 47.01p.

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BMK Market Data

Currency UK Pounds
Share Price 48.00p
Change Today 3.50p
% Change 7.87 %
52 Week High 64.00
52 Week Low 40.00
Volume 267,007
Shares Issued 703.96m
Market Cap £337.90m

BMK Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
13.46% below the market average13.46% below the market average13.46% below the market average13.46% below the market average13.46% below the market average
45.45% above the sector average45.45% above the sector average45.45% above the sector average45.45% above the sector average45.45% above the sector average
Price Trend
2.87% below the market average2.87% below the market average2.87% below the market average2.87% below the market average2.87% below the market average
49.21% above the sector average49.21% above the sector average49.21% above the sector average49.21% above the sector average49.21% above the sector average
Income Not Available
Growth
4.68% below the market average4.68% below the market average4.68% below the market average4.68% below the market average4.68% below the market average
60% below the sector average60% below the sector average60% below the sector average60% below the sector average60% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_buy
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BMK Dividends

No dividends found

Trades for 20-May-2022

Time Volume / Share Price
17:08 23,000 @ 48.00p
16:35 622 @ 48.00p
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16:14 3,658 @ 50.00p
16:12 5,000 @ 48.25p

BMK Key Personnel

CFO Septima Maguire
CEO Trond Williksen

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