Microsaic Systems

MSYS: 2.60 -0.15 (▼5.08%)

Delayed:2018-02-23 16:57:13
Bid Price 2.60 High Price 3.05
Ask Price 3.00 Low Price 2.60
Open Price 3.05 Spread 14.29%
Prev Close 2.80 Volume 147,491.00

Microsaic Systems Share Price Chart

Intraday

Historic - 1 year


Microsaic Systems Share Price Information

Name Microsaic Systems Epic MSYS
Sector Electronic & Electrical Equipment ISIN GB00B547ZY09
Activites Microsaic Systems plc is a high technology company developing and marketing chip-based mass spectrometry (MS) instruments. Microsaic addresses current and future market needs by partnering with global instrument OEMs and distributors. Its aim is to provide customers with enhanced work flow efficiency by incorporating simple-to-use mass detection. Microsaic has successfully produced miniaturised MS systems by developing patented chip-scale technologies called Ionchip, Spraychip and Vac-chip. Its products retain the functionality of conventional MS systems but are substantially smaller, less complex to operate, easier to maintain, and offer a significantly reduced cost of ownership. Security Type Equity

Key numbers

Latest Share Price (p) 2.80 Net Gearing (%) -71.67
Market Cap (£m) 5.53 Gross Gearing (%) 8.67
Shares in issue (m) 181.37 Debt Ratio 2.84
P/E Ratio -1.04 Debt-to-Equity Ratio 0.31
Divs per share (p) 0.00 Assets / Equity Ratio 1.10
Dividend Yield (%) 0.00 Price to book value 0.85
Dividend Cover 0.00 SROCE (%) -50.90
Earning per share (p) -2.93 EPS Growth (%) 45.64
52-week high / low (p) 4.60 / 0.93 DPS Growth (%)

Microsaic Systems Broker Views

Date Broker Rec. Price Old target price New target price Notes
07 Apr N+1 Singer Corporate 2.60 Reiterates
21 Mar N+1 Singer Corporate 2.60 Reiterates

Microsaic Systems Director Deals


Microsaic Systems Company News

Microsaic Systems extends partner agreement

Microsaic Systems has signed a research agreement extending its collaboration with a long-standing global partner, which it didn't name.

The new contract phase was expected to last into the second half of 2018.

"Our goal is that this will be followed by full product development and launch," chief executive Glenn Tracey said.

"If this goal is realised, we estimate that this product alone will represent a major commercial opportunity for Microsaic. Additionally, we will be evaluating other potential applications with this partner."


At 8:31am: (LON:MSYS) Microsaic Systems PLC share price was +1.15p at 2.1p



Story provided by StockMarketWire.com

Microsaic revenue drops by 72.7%

Microsaic Systems, a developer of chip-based mass spectrometry (MS) instruments, saw its revenues tumble by 72.7% to £128,884 in the first half due to difficult trading conditions.

Gross profit for the period was £50,007, down 70.9%, reflecting the decline in revenues.

The gross margin percentage of 38.8% was above the 36.4% recorded last year, mainly due to the higher proportion of consumable revenue and service income in H1 2017, which attract a higher margin.

Other operating income during the period of £51,004 was principally due to the amended collaboration agreement the company signed in April 2017 with a long standing global partner.

Operating expenses were £1,562,664, down 16%, mainly due to a cost reduction programme that was introduced in the first quarter to address the reduction in revenues.

The loss for the period, before share-based payments, tax and interest, was £1,461,653, an improvement of £235,219 or 13.9% over last year.


At 9:47am: (LON:MSYS) Microsaic Systems PLC share price was -0.25p at 1.25p



Story provided by StockMarketWire.com

Microsaic Systems appoints Glenn Tracey as CEO

Microsaic Systems appointed Glenn Tracey to the position of Chief Executive Officer (CEO), with immediate effect.

Glenn joined the Company in March 2015 as Chief Operating Officer and was appointed to the Board of Directors in December 2015.

Glenn has 20 years of experience in product marketing and research and development, for both small and large companies in the healthcare technology industry, including PerkinElmer where he was central to the development, scale-up and commercialisation of disruptive sensing and detection technologies across multiple emerging application areas.


At 9:43am: (LON:MSYS) Microsaic Systems PLC share price was +0.13p at 1.5p



Story provided by StockMarketWire.com

FTSE advances on resources as Brexit talks begin

Shares in London advanced on Monday as sterling was buffeted by the dollar and Brexit talks between the UK and EU began. Mining stocks advanced strongly thanks to rises in industrial metals prices.

Although gold and silver prices were on the back foot, that for copper was up almost 1%. Three-month prices for tin, zinc and aluminum were doing well, too.

That translated to share-price rises for Glencore (GLEN), up 2.93% to 287.95p, with Anglo American (AAL) adding 1.95% to 986.2p and Rio Tinto (RIO) firming 1.45% to 3088p.

More in the sector chased, but gold-sensitive Randgold (RRS) and Fresnillo (FRES) declined.

The FTSE 100 closed up 60.27 points, or 0.81%, to 7523.81, and the FTSE 250 rose 56.91, or 0.29%, to 19,873.3. Around the same time, Wall St was rising in early deals, while Europe also posted healthy gains.

UK's Brexit secretary, David Davis, and the EU's chief negotiator, Michel Barnier, met in Brussels to begin Brexit negotiations.

Oil majors BP (BP.), up 1.29% to 472.68p, and Shell (RDSA), ahead 0.73% to 2130.5p, gained with crude's pricing this afternoon.

Financials such as insurers and banks were doing well overall, as were leisure, pharma, consumer goods, commercial property and house builders. Not all in these sectors rose.

Meanwhile, Rightmove data showed that UK house and apartment asking prices slipped in June. The average asking price fell 0.4% in June, from a 1.2% rise in May.

In France, President Emmanuel Macron's party won a majority in that country's parliament, which added to the gains on the Cac 40.

LONDON HIGHLIGHTS

Oilex (OEX) gained 48.57% to 0.27p after announcing material progress in the resolution of the outstanding cash calls owing to the Cambay and Bhandut PSCs. It separately requested an immediate trading halt on its Australia-listed shares pending an announcement.

Microsaic Systems (MSYS) down 21.9% to 2.05p, warned its H1 and FY 2017 revenue would be significantly lower than for 2016, but said lower overheads due to cost reduction plans implemented meant its FY pretax loss was seen broadly in line with 2016.

TLA Worldwide (TLA) fell 21.28% to 18.5p after updating on its accounts, noting a total hit to headline EBITDA for FY 2016 of about $3.6m and provisions against trade and other receivables resulting in a one-off charge of about $3.2m.

Mosman Oil & Gas Ltd (MSMN), down 11.11% to 1.4p, has raised £600,000 via a placing and subscription of 42.9m new shares at 1.4p each.

InnovaDerma (IDP), up 7.13% to 383p, said it expected its FY revenue and profits to be well ahead of expectations.

MTI Wireless Edge (MWE), up 8.25% to 26.25p, subsidiary Mottech Water Solutions has agreed to establish a JV company (Mottech China) with Omega Technologies (OTL). Mottech China would be 60% owned by MTI.

Xtract Resources (XTR), up 3.57% to 0.01p, said wholly-owned Mozambique subsidiary Explorator Ltd has concluded a Mining Contractor agreement with Omnia Mining Ltd and Moz Gold Group Ltd for the exploitation of alluvial gold deposits at its Manica mining concession in Mozambique.

Other stocks in the news included Mineral & Financial Investments (MAFL), Ortac Resources (OTC), Sinclair Pharma (SPH), ReNeuron (RENE), CareTech (CTH), Filtronic (FTC), Bonmarche (BON), Workspace (WKP), Avanti Communications (AVN), Custodian REIT (CREI), CyanConnode (CYAN), Premier Technical Services (PTSG), Atlantis Resources (ARL), Velocys (VLS), FastForward Innovations (FFWD), John Laing Environmental Assets (JLEN), Cairn Energy (CNE), Green & Smart (GSH), Integumen (SKIN) and Flowgroup (FLOW).

Story provided by StockMarketWire.com

FTSE firms on miners, supermarkets as GBP rises

London stocks are firming despite notable spikes in the value of sterling against both the dollar and euro, and as investors generally welcomed a string of off-diary corporate news from mid-cap and AIM-quoted companies.

A short time after the opening bell, the FTSE 100 was up 57.48 points, or 0.77%, to 7521.02, while the FTSE 250 was up 58.17, or 0.29%, to 19,874.6. Shares in Europe were also gaining, following on from a broadly positive Wall St on Friday and Asia gains this morning.

Crude prices were down, as were those for gold and silver. Industrial-favourite copper was rising. This benefited miners with Anglo American (AAL) up 1.54% to 982.15p and Antofagasta (ANTO) adding 1.54% to 792p. Also up were Rio Tinto (RIO) and Glencore (GLEN).

Gold-sensitive miners Randgold (RRS), down 0.77% to 7070p, and Fresnillo (FRES), down 0.13% to 1545p, were notable among the 12 blue chips falling. Oilies were gaining. BP (BP.) added 1.07% to 471.65p, while Shell (RDSA) improved 1.05% to 2137.25p.

Supermarkets were appreciating, too. M&S (MKS) added 1.8% to 351.4p, while Morrison (MRW) rose 1.15% to 245.4p and Sainsbury (SBRY) gained 1.09% to 255.05p. Banks, insurers, consumer goods, property and utilities all figured among the long list of blue-chip winners.

BIGGER MOVERS

Oilex (OEX) gained 22.86% to 0.21p after announcing material progress in the resolution of the outstanding cash calls owing to the Cambay and Bhandut PSCs. It separately requested an immediate trading halt on its Australia-listed shares pending an announcement.

Microsaic Systems (MSYS) down 20.95% to 2.08p, warned its H1 and FY 2017 revenue would be significantly lower than for 2016, but said lower overheads due to cost reduction plans implemented meant its FY pretax loss was seen broadly in line with 2016.

TLA Worldwide (TLA) fell 17.02% to 19.5p after updating on its accounts, noting a total hit to headline EBITDA for FY 2016 of about $3.6m and provisions against trade and other receivables resulting in a one-off charge of about $3.2m.

LONDON HIGHLIGHTS

Mineral & Financial Investments (MAFL), up 15.7% to 17.5p, has issued drill results from its 49%-owned subsidiary, TH Crestgate GmbH, a private Swiss-based investment company. "This hole is a very positive and hugely encouraging first hole," it said.

Mosman Oil & Gas Ltd (MSMN), down 11.11% to 1.4p, has raised £600,000 via a placing and subscription of 42.9m new shares at 1.4p each.

Xtract Resources (XTR), up 10.7% to 0.02p, said wholly-owned Mozambique subsidiary Explorator Ltd has concluded a Mining Contractor agreement with Omnia Mining Ltd and Moz Gold Group Ltd for the exploitation of alluvial gold deposits at its Manica mining concession in Mozambique.

Ortac Resources (OTC), up 7.69% to 3.5p, has provided an update on its investment in Casa Mining Ltd, a private company developing the Misisi gold project in the Democratic Republic of the Congo (DRC).

InnovaDerma (IDP), up 7.69% to 385p, said it expected its FY revenue and profits to be well ahead of expectations. Sinclair Pharma (SPH), up 4.6% to 31.38p, has acquired the Refine Support System for a total consideration of up to $11.3m including regulatory and sales based milestones and royalties.

ReNeuron (RENE), up 6.85% to 1.95p, said the US FDA has approved the cryopreserved formulation of its human retinal progenitor cell therapeutic candidate, and noted it had now started treating patients with this formulation in its ongoing US Phase I/II study clinical trial in retinitis pigmentosa patients.

MTI Wireless Edge (MWE), up 4.12% to 25.25p, subsidiary Mottech Water Solutions has agreed to establish a JV company (Mottech China) with Omega Technologies (OTL). Mottech China would be 60% owned by MTI.

Other stocks in the news included CareTech (CTH), Filtronic (FTC), Bonmarche (BON), Workspace (WKP), Avanti Communications (AVN), Custodian REIT (CREI), CyanConnode (CYAN), Premier Technical Services (PTSG), Atlantis Resources (ARL), Velocys (VLS), FastForward Innovations (FFWD), John Laing Environmental Assets (JLEN), Cairn Energy (CNE), Green & Smart (GSH), Integumen (SKIN) and Flowgroup (FLOW).



Story provided by StockMarketWire.com