Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

Amphion Innovations optimistic on improving valuation

Amphion Innovations optimistic on improving valuation

Amphion Innovations (LON:AMP) reckons if market conditions continue to improve, it could see a recovery in its overall value.

It is invested in seven partner medical and tech focused companies, aiming to grow their value but 2013 was another challenging year, it said.

"The bad economic climate of the last few years has demanded continued attention to the evolution of these business models so they can be adapted to a different and generally harsher market environment," it said.

"Although the pace of advance remains frustratingly slow, most of our partner companies continue to hold promise and are making progress."

A key development in 2013 was the float of imaging specialist Kromek, in which it holds a 10.6% stake, completed in early October. It raised £15 million before expenses, as targeted.

However, as reported previously, a set back came in March when Kromek said revenues for its year to end April would be "significantly below the market's expectations". Amphion believes howver the firm has an exciting future ahead.

This month the firm was granted a loan facility by an institutional lender to further its partner companies and its IP programmes.

It has already drawn down US$2 million with a further draw down facility of up to a maximum of US $10 million.

Richard Morgan, Amphion's chief executive said: "We and our advisors remain steadfast in our belief in the strength and validity of the DataTern patents.  With the Appeals Court decision in hand and activity under way with that court to strengthen our hand, we expect to see some tangible progress in these programmes during the next six to twelve months.

 "Although we remain cautious, the recovery in the stock market and the IPO market in particular has led to an improvement in the overall climate for our business.  If conditions continue to improve, we believe we should start to see a recovery in the net asset value.  Progress by Kromek will be a key driver of such a recovery but developments within DataTern and the other partner companies will be equally important."

The loss before tax in 2013 was US$6.385mln compared to a loss of US$6.94mln in 2012. Revenue was US$1.01mln (2012: US$1.39mln).

View full AMP profile View Profile

Amphion Innovations Plc Timeline

Newswire
February 07 2017
Newswire
September 08 2016

Related Articles

US truck
March 07 2017
Revenues from Fleet - Quartix’s largest operation - expanded by 15% in the year to December 31 2016 to hit £14.9mln, boosted by a 19% increase in its subscription base
Tekcapital-Invention-Discovery-Network-(IDN)-June-2015_opt.jpg
July 31 2017
The firm has established connections with more than 4,000 universities in 160 countries enabling it to capture all of the intellectual property available
finger pushing an on-screen brain
April 05 2017
The e-learning specialist is reaping the rewards from its strategy to consolidate the sector

© Proactive Investors 2017

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use