hVIVO PLC (AIM:HVO) results and outlook showed how the human challenge trial specialist is well-positioned for further growth, said analysts.
Revenues were up 16% to £56 million, as already disclosed, and EBITDA margins increased to 23.3% from 18.7%, ahead of forecasts, said Stifel analyst James Orsborne, who upped his forecasts and target price.
HeLIX Exploration PLC (LSE:HEX) shares have begun trading on London’s AIM market, rising quickly in early deals to a premium-priced debut.
It comes after the company’s oversubscribed IPO saw high investor demand.
hVIVO PLC has initiated an annual dividend policy as it reported strong earnings growth for last year, with 90% of 2024 revenue already contracted and its new world-beating human challenge trial facility in Canary Wharf facility opening this month.
The contract research organisation posted final results for 2023 confirming 16% growth in revenue to £56 million and showing underlying profits (EBITDA) up 44% to £13 million. EBITDA margins increased to 23.3% from 18.7%.
Active Energy Group PLC (AIM:AEG, OTCQB:ATGVF) is putting its CoalSwitch assets up for sale after completing a review of the business.
The assets comprise three parts: the company's original patent and trademark portfolio on the steam explosion process to produce its high-energy density black biofuel pellets; all production and test data know-how acquired from the initial production activities at a facility in Maine that may be applicable for the future production methods for biomass products; and all relevant customer test data.
Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) has announced a significant upgrade to the resource estimate of its Kodiak field, on Alaska’s North Slope.
The new estimate puts recoverable resources at 1.2 billion barrels of marketable liquids, which marks an increase of around 25% increase from previous estimates.
S&U PLC (LSE:SUS) declared a final dividend of 50p per share and said trading since the year-end has been encouraging, as it reported annual results for the year to 31 January.
The motor and property finance group confirmed that revenue swelled 12% to £115.4 million in the year, with net receivables at a best-ever £463 million and customer numbers also at record levels.