Share Name Share Symbol Market Type Share ISIN Share Description
Sinclair Pharma LSE:SPH London Ordinary Share GB0033856740 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.375p -4.76% 27.50p 27.50p 28.75p 28.75p 27.50p 27.75p 326,438 16:29:50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Pharmaceuticals & Biotechnology 75.9 -8.2 -1.5 - 138.07

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Date Time Title Posts
21/10/201606:41Sinclair Pharma Thread1,347
15/10/201415:32TipTV: Sinclair Pharmaceuticals to head back towards 30p!-
21/2/200508:49Small cap Sinclair Pharma - Walmart inc.-

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Sinclair Pharma Daily Update: Sinclair Pharma is listed in the Pharmaceuticals & Biotechnology sector of the London Stock Exchange with ticker SPH. The last closing price for Sinclair Pharma was 28.88p.
Sinclair Pharma has a 4 week average price of 28.08p and a 12 week average price of 29.15p.
The 1 year high share price is 41.50p while the 1 year low share price is currently 26p.
There are currently 502,089,508 shares in issue and the average daily traded volume is 224,908 shares. The market capitalisation of Sinclair Pharma is £138,074,614.70.
digger18: I tend to agree and feel that this is down to the significant changes made with the restructuring and the market wants to see a good set of figures. If this comes to fruition which I believe will be the case, then we should see the share price reflecting performance. It will be interesting to see the cash burn relating to the new marketing strategy.
steeplejack: Since the stock is not overtly expensive,a share price falling towards a three year low is bound to raise concern.No smoke without fire etc.I'm reassured that Tosca are more than capable of addressing any problems,if indeed there are any.
dealit: The only thing that I cannot understand is the share price, the potential growth here is massive, growth usually drives a Companies share price North.
soundbuy: H/T FT AV Jefferies BUY US Silhouette strategy executed: Sinclair has granted Almirall's (ALM SM, Hold, €13.4) Thermi subsidiary the rights to market Silhouette InstaLift in the US. Thermi already markets a portfolio of minimally invasive aesthetics products using temperature controlled radio frequency to treat nerve and soft tissue conditions, such as excessive skin laxity, glabellar frown lines, and cellulite, employing the “Science of Heat”. We see strong synergies between Silhouette and Thermi with the current 55 rep salesforce to be expanded. Thermi has demonstrated commercial acumen, in our view, growing sales since launch in 2013 from c.$11m 2014 to c.$30m 2015 with over 1,000 systems now placed. Hence we believe as a partner Thermi is well-placed to maximise Silhouette's commercial potential for Sinclair, also removing the uncertainty as to the optimal S&M strategy. The distribution deal is initially for four years until mid-2020 with Sinclair having the right to regain the brand. Financial terms of the collaboration are undisclosed but we understand Sinclair is funding Thermi's incremental launch spend. Doug Abel, Sinclair US President, will head the Silhouette marketing committee ensuring the company retains some control of the roll-out. Silhouette has significant potential: FDA approved Silhouette Instalift at end-April 2015 for the minimally invasive repositioning and tightening of facial skin using resorbable sutures and bidirectional cones. We believe a US clinical study is ongoing with the aim of simplifying the FDA approved labelling for the insertion technique, bringing it in-line with other geographies, with results anticipated in 4Q16E. Based on the European roll-out, management believes c.4,000 US physicians could use Silhouette Instalift an average 4x monthly at peak, suggesting peak US sales of at least $200m. At this time we include only a heavily risk-adjusted contribution from the US in our forecasts of sub-£25m revenues. Entering Brazil to broaden footprint: Regaining distribution rights for Silhouette Soft in Brazil enables Sinclair to establish an affiliate in this important aesthetic dermatology market. This transaction is expected to be sales and EPS accretive, also enabling the direct sales of Perfectha, and potentially Ellanse in future once approved. Trading update broadly as expected: Management reports current trading is "strong" with £8.9m sales 1Q16 (+37% in-market) vs. £7.7m for the entirety of 2H15. The c.+40% target for in-market performance of the portfolio is reiterated. Note re-basing inventories will likely curtail reported revenues. Strategic review ended: The prolonged strategic review has finally completed with the Offer Period ended. The Board believes the Thermi collaboration and Brazil deal, together with £45m net cash at end-March 2016, position the company for long-term growth as an independent entity. Attractive growth profile: We see a strong strategic rationale in focusing on a portfolio of dermal fillers, in addition to Silhouette for minimally invasive face-lifts. These brands form a unique aesthetic dermatology franchise, in our view, which with targeted S&M efforts should drive substantial operating leverage with the promise of long product lifecycles. Our 60p/share Price Target suggests an EV around £215m implying 4.2x and 3.4x revenues, or 19x and 13x EBITDA, in FY17E and FY18E, respectively, which we view to be still relatively conservative.
soundbuy: H/T FT AV Stifel BUY Sinclair Pharma has announced it has signed a licensing agreement with Almirall’s aesthetics business Thermigen to launch, distribute and promote Silhouette InstaLift in the US for an initial four-year period. Sinclair has also provided a 3Q FY16 trading update with revenues of £8.9m in the period. The decision to license Silhouette to Almirall marks the end of the company’s strategic review and hence the offer period. The deal also means Sinclair will no longer have to fully fund the product’s US launch. With £45m net cash at 31 March 2016, the business is well funded to profitability. We value Sinclair on a sum-of-the-parts basis at 49p/share, offering significant upside to the current share price. Much of this value rests with Silhouette Instalift in the US. Partnering with an established aesthetics company like Thermigen gives us increased confidence that the products potential can be successfully realised. Buy. Sinclair signs distribution and marketing agreement with Thermigen. As part of the deal, Thermigen will promote Sinclair’s aesthetic product Silhouette InstaLift with its 55 rep sales force with a further 10 reps added to specifically promote Silhouette. The distribution agreement, which is initially for a four-year term, provides for Sinclair to repatriate rights from the end of 2018. Thermigen is a fast growing aesthetics business that was acquired by Almirall in February 2016. It has an installed base of over 1,000 systems in the US that provide a range of thermal aesthetic treatments. Silhouette US launch ongoing. Sinclair initiated US prelaunch activities for Silhouette InstaLift in 4Q15 and has now trained 75 physicians in using the product. Thermigen will formally launch the product later this month. Trading update. Along with this announcement, Sinclair has provided a trading update for 1Q16. Sales in the period were £8.9m, significantly ahead of the £7.7m achieved in 2H15 and given likely seasonal demand for aesthetics in 2Q16, on track for our FY16 forecasts. Sinclair has announced it will change its year-end to 31 December to align the business with industry peers. Brazilian affiliate established for Silhouette Soft effective 1 July 2016. The deal is expected to be immediately accretive. Reiterate Buy. We believe the licensing of distribution and marketing rights to Thermigen not only reduces the investment needed to establish Silhouette InstaLift in the US but also increases the chances of a successful launch given Thermigen’s proven experience. Given Sinclair retains the long-term value in Silhouette InstaLift in the US, we retain our 49p sum-of-the-parts valuation.
gobbie100: Always a danger. If you look at valuation at the moment, a share price of 34p equates to a current value of just £90m for the current business ie 18p a share if you assume that the £80m in cash makes up the other 16p a share. THis would seem a pretty low valuation and thus if no deal can be done could see the company taken private. Shares are pretty tightly held across a small number of institutions. Just depends what they would be willing to accept.
dealit: I bought some more at 39p approx 2 weeks ago, I was very please the share price held firm while shares dipped in general of late.
steeplejack: I thought the the price reaction to yesterday's news was strangely muted.Surprised the shares didn't nudge into the low 40s.Having held this stock since Maelor days,a 60p share price target is welcome news.Something concerning every dog having his day springs to mind.
johnwise: "Proceeds to repay Sinclair debt facility in full" Sinclair IS Pharma PLC Disposal of non-aesthetics business 26/11/2015 7:01am RNS Number : 0227H Disposal of non-aesthetics business for GBP132m cash consideration Sale of non-aesthetics business for c.GBP132m in cash plus a sales royalty for US Flammacerium -- Sinclair to collect remaining working capital, c.GBP4m net -- Proceeds to repay debt facility in full -- Estimated pro forma net cash of GBP82m at completion -- Business complexity significantly reduced
eggbaconandbubble: Mull3r et al. My rule of thumb is that take over offers usually come in at about 40% higher than the average share price before all the shenanigans, insider dealing etc etc start. So IF it happens that says an offer price around 60p give or take is likely. Will Chris Spooner have to make a comment on share price movement?
Sinclair Pharma share price data is direct from the London Stock Exchange
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