Microsaic Systems

MSYS: 1.50 0.00 (0.00%)

Delayed:2017-08-18 16:57:09
Bid Price 1.50 High Price 0.00
Ask Price 2.00 Low Price 0.00
Open Price 1.75 Spread 28.57%
Prev Close 1.75 Volume 0.00

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 next generation mass spectrometry instruments. MS is widely accepted as one of the most reliable methods for identifying substances, and MS systems are used to accurately identify the chemicals that make up gaseous, liquid and solid samples. Although fast and sensitive, typical MS products are large, heavy, energy intensive and expensive to acquire and operate. The company has successfully integrated the key MS components onto patented chip technologies called ionchip®, spraychip® and vac-chip™. Due to physical scaling laws associated with the miniaturisation of MS components, the vacuum and power requirements for systems based on Microsaic's technology are not as great as for larger, conventionally-manufactured MS systems. Consequently, Microsaic's MS products are substantially smaller, lighter, consume less energy and have lower running costs. Microsaic Systems plc was established in 2001 as a spin-out from Imperial College London and based at headquarters in Woking since September 2004. The company has successfully developed chip-scale MS technologies. In April 2011 the company was listed on the AIM, and raised £4M before expenses. Microsaic has a large portfolio of 88 patents, of which 36 are granted. Microsaic partners with customers to deliver products incorporating its MS and other MEMS based technologies. Security Type Equity

Key numbers

Latest Share Price (p) 1.75 Net Gearing (%) -71.67
Market Cap (£m) 3.17 Gross Gearing (%) 8.67
Shares in issue (m) 181.37 Debt Ratio 2.84
P/E Ratio -0.60 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 0.49
Dividend Cover 0.00 SROCE (%) -50.90
Earning per share (p) -2.93 EPS Growth (%) 45.64
52-week high / low (p) 7.25 / 1.63 DPS Growth (%)

Microsaic Systems Broker Views

Date Broker Rec. Price Old target price New target price Notes
07 Apr N+1 Singer Corporate 1.50 Reiterates
21 Mar N+1 Singer Corporate 1.50 Reiterates

Microsaic Systems Director Deals


Microsaic Systems Company News

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).

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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).



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Microsaic sees FY 2017 pretax loss in line with 2016

Microsaic Systems warns its H1 and FY 2017 revenue will be significantly lower than for 2016, but says lower overheads due to cost reduction plans implemented means its FY pretax loss is seen broadly in line with 2016.

"In recognition of the challenging markets in small-molecule detection, and driven by the increasing trends for detection of larger molecules during biopharmaceutical manufacturing ("bioprocessing"), the Board devised and began implementing a revised strategy," the company said.

"This strategy is focused on the application of its unique miniaturised, point-of-analysis MS instrument (the 4000 MiD) in high-value processes where cost of failure for pharmaceutical companies in particular is high and where regulation is demanding change."

Consequently, Microsaic said it was focusing its technical resources, and working with existing and potential new partners, targeting opportunities in bioprocessing for therapeutics and in the longer term for diagnostics.

Bioprocessing was a crucial stage in the production of biologic drugs, and aimed to ensure that they are produced and purified correctly to retain the specific activity given their complex structures, without introducing harmful substances or degrading the biologic product.

"Microsaic's strategy is to work with the key providers of bioprocessing equipment, and in particular those companies involved in biologic purification.

"The Company already has a collaboration agreement in place with a market leader in bioprocessing equipment and is nearing the end of the current phase of this collaboration; and from the Company's perspective, it is on course to deliver its milestones in the coming months.

"In addition, Microsaic is pursuing a pipeline of other collaborative and co-development opportunities."



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FLASH: Microsaic warns on FY revenue, sees loss in line with 2016






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All resolutions passed at AGM of Microsaic

Microsaic Systems has announced that, at its Annual General Meeting held today, all resolutions were duly passed.




At 1:02pm: (LON:MSYS) Microsaic Systems PLC share price was +0.05p at 2.75p



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