Halma buys childbirth monitoring firm for £42mln
PeriGen's technology protects mothers and their unborn babies by alerting doctors, midwives and nurses to potential problems during childbirth
Company
LON:HLMA
Halma PLC is a United Kingdom-based holding company. The business sectors of the Company are infrastructure sensors, health and analysis, and industrial safety. The infrastructure sensors sector is engaged in detecting hazards and protecting people and property in buildings. The health and analysis sector is engaged in improving public and personal health and protecting the environment. The industrial safety sector is engaged in protecting property and people at work.
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PeriGen's technology protects mothers and their unborn babies by alerting doctors, midwives and nurses to potential problems during childbirth
Order intake is currently ahead of revenue and the same period last year
2020 was not a great year for dividend payments but some companies keep on cranking out increased dividends year after year, in some cases for a score of years or more
Chief executive Andrew Williams said the sale will enable the group “to continue to invest in high growth businesses that are closely aligned with our purpose”
Hardware & electrical equipment
No one can remember a time when Halma shares have been thought of as cheap. Equally, few people can remember meeting anyone who regretted buying and holding the shares.
Full-year adjusted profit before tax is expected to be at the upper end of guidance, which is 5% below last year
Trading in the US and continental Europe has been the most resilient, while the UK and Asia Pacific were said to be more challenging
For the current year to next March, Williams and the board currently expect adjusted profit before tax to fall 5-10%
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Britain's blue-chip benchmark finished up around three points, or 0.06% at 6,179
The new Peel Hunt rating comes with a price target of 1,800p, compared to a market price of 2,151p.
Financial results due in July are expected in line with prior guidance, outlook for the present period is unspecified but Halma said it will perform "relatively resiliently".
The new addition, funded with existing facilities, will become part of Halma's medical sector
There are not many similarities in what they produce, but both companies long-term track records show they are very good at delivering shareholder returns from M&A
“We grew revenue in all four major regions, with organic constant currency revenue growth in our four major regions and in all of our business sectors”, said the smoke detectors maker
Halma said Ampac brings a "strong brand, robust technology and well-established routes to market"
Swiss bank more than doubled its share price target to 2,060p and it upgraded its rating to ‘neutral’ as the shares have jumped 40% so far this year to new all-time highs
Analysts forecast that discoverIE would have around £30mln of acquisition firepower in the near term, which if deployed in similar terms to previous purchases could lift earnings by 10%
Investments and investor services
Revenue rose by 13% in the year to end-March and adjusted profit before tax was up 15%, both bang in line with consensus forecasts
Investments and investor services
China has pledged to spend more on infrastructure to offset any downturn caused by Trump’s trade tariffs
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The Day Ahead also brings updates from FTSE 100-listed smoke detector firm Halma and new and used car retailer Motorpoint Group, plus the latest UK jobs data