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ABC Abcam Plc

1,226.00
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Abcam Plc ABC London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 1,226.00 00:00:00
Open Price Low Price High Price Close Price Previous Close
1,226.00
more quote information »

Abcam ABC Dividends History

No dividends issued between 19 Mar 2014 and 19 Mar 2024

Top Dividend Posts

Top Posts
Posted at 15/12/2022 16:38 by bathcoup
Sorry for the typo, thanks for correcting me. It was a last minute decision. BTW the shares had been held outside ISA; I bought 3,000 shares at 244p (before 1:5 split) for our joint account in early 2006. At that time AIM stocks weren't allowed in ISA's. I started unloading them a few years ago. Now I'm done with ABC.
Posted at 28/11/2022 16:49 by lord loads of lolly
jeffian - me neither. Nothing seems to have been reported today. Maybe it's anticipation of a possible uptick once dual listing ends? Whilst 13 Dec is the last official AIM trading day, my broker has said ABC shares will start being migrated across on 1 Dec. So the last date for me to trade them on AIM is 30 Nov. If they go up much more between now & then, I'll be following your lead.
Posted at 27/10/2022 16:53 by jeffian
I realise I'm talking to myself here but IF anyone is lurking and in the same boat, the situation (at least, with HL) is that if you do wish to keep an investment in ABC and convert your shares to ADS's, any held in an ISA will be transferred out into your unprotected share account. In that event, the value of those shares will be lost to the ISA (i.e. the total value of the ISA account will be diminished by the equivalent amount). The only way to retain the value of the ISA is to sell those shares, re-purchase the equivalent amount in the unprotected share account and then accept the transfer to ADS's.

I have voted against the Resolution to delist, to be held on 11 November, but if it gets carried, the shares can be traded up to 13 December to enable the actions mentioned above.

Edit: Crossover post, lll. Nice to know there is life on Mars! Yes, seems we are saying the same, but note that if you allow the platform to transfer the shares from your ISA to your trading account, you will lose that value in the ISA.
Posted at 16/6/2022 12:39 by don carter
Thanks for those valid comments Lord loads & jeffian. I think I had got too attached to ABC, having been in them for a long time and having lived close to Cambridge Science Park, also for a long time. I'm selling my very small residual holding today.
Posted at 01/2/2022 10:54 by lord loads of lolly
jeffian - totally agreed. I too hold ABC, though it's a fairly small part of my portfolio. I guess I was just trying to offer don carter a possible reason for the recent price falls. When markets get jittery, companies with abnormally high P/Es are especially vulnerable. Investors can lose risk appetite quickly, preferring bombed out "value" stocks to those where future growth has to be taken on trust to justify current valuations. They may not always be proved right, but human nature is what it is!
Posted at 31/1/2022 17:18 by jeffian
Yes, I too am very wary of very high PER stocks (though I hold some ABC). If you pay a very high multiple of earnings, you are paying today for assumed growth often way into the future, and if such a company stumbles on performance vs. profit projections, it will get hammered. I work on the assumption that, over time, all share valuations will revert to the mean (15x? or whatever) so if I pay more than that, I want pretty good visibility of earnings for the next 2/3 years and won't look beyond that timeframe.

However, I wouldn't compare ABC to "the dotcom boom". Many dotcom companies never made a penny piece in their lives, and probably never would, whereas ABC showed absolutely stellar earnings growth from nothing at the outset and although the growth curve may have flattened as the company matures, it's a real business generating real profit.
Posted at 01/6/2021 15:09 by bulltradept
The IC has it as a hold

Abcam hampered by research shut-downs
However, the group has maintained its longer-term targets, while putting the dividend on ice
September 14, 2020
By Harriet Clarfelt


Antibodies have been a much-discussed topic since the outbreak of Covid-19, playing a central role in testing and treatment programmes. These blood proteins, which develop in response to infection, can show whether a person has already had a disease – helping authorities to monitor the spread of infection. Scientists are also investigating whether antibody therapy can aid patients who are still sick.

IC TIP:
Hold at 1366p
ABC:LSE
Abcam PLC

1mth
Today change
-3.04%Price (GBP)
1,373.00
But the buzz around antibodies and coronavirus forms just one part of a vast global research landscape. And aside from work to target the pandemic, most laboratories were shuttered when lockdowns took hold. Thus, while Abcam (ABC) saw some benefit from the use of its products in virus studies during the 12 months to June, this was tempered by reduced demand elsewhere.

The group – which makes and sells protein-research tools, including antibodies, to the life sciences sector – reported revenues of £260m; flat year-on-year, or down 1.4 per cent at constant currencies. Abcam explained that timings “correlated strongly” with the phasing of global government shutdowns. While the first half of the year saw 10.8 per cent sales growth, the second half saw a proportionate decline.

However, on a more positive note, the group has not observed any big changes to its underlying customer base. What’s more, management observed that by June 2020, demand was roughly in line with levels seen the previous summer.

That recovery goes some way to explain the group’s reiteration of its 2023/24 targets and its associated investment plans. Bosses are aiming for revenues of £450-500m, an adjusted operating margin of more than 30 per cent and a return on capital employed (ROCE) of over 18 per cent.

The effects of such an expenditure strategy were evident at the interim mark. When combined with the blow dealt by Covid-19, adjusted costs rose by more than a third to £136m – higher than Peel Hunt’s estimate of £111m. In turn, adjusted operating profits halved to £44.5m, on a margin of 17.1 per cent – down from 32.2 per cent. The broker noted that the “small miss” on costs may have read-across for anticipated expenses in FY2021.

The statutory story was rather more dramatic, with pre-tax profits plunging by 85 per cent to £8.4m. This reflected a number of dampeners – the largest of which was the £14.9m write-down of certain technologies tied to Abcam’s acquisition of AxioMx five years ago. Abcam noted that while this is proving commercial feasibility, it has yet to see usage at a scale to support its asset value. Other factors at play included system improvement costs, and spending on the purchase of Expedeon’s proteomics (protein study) and immunology businesses.

Meanwhile, in a bid to boost its flexibility around capital allocation, Abcam has put the dividend on ice, with a view to injecting more money into growth opportunities. At the same time, and in the same vein, the group is moving forward with plans to pursue a secondary listing on America’s Nasdaq index. Little wonder, perhaps; more than two-fifths of revenues stem from the US.

The improving trends towards the end of Abcam’s fiscal year have continued into the current period, with more labs reopening - and the maintenance of its longer-term growth ambitions is encouraging. Chief executive Alan Hirzel also noted that Covid-19’s broad impact on the immune response has meant that “all kinds of new questions [are] being raised about immunology”. Abcam has accelerated its investments in this research area, “knowing that Covid is likely to spark long-term interest in that field”. Still, for now the crisis continues, and it is impossible to know whether restrictions will be reintroduced – meaning that the group has not offered up full-year guidance. A forward price/earnings multiple of more than 70 times (based on Numis’s projections) keeps us neutral.

Last IC view: Hold, 1,143p, 09 Mar 2020
Posted at 10/4/2020 08:08 by bathcoup
Issue of Shares to Durable Capital Partners LP at an issue price of 1,100 pence per share.

09/04/2020 5:33pm, UK Regulatory (RNS & others)
Posted at 19/3/2020 22:40 by tonsil
I suspect that abc are being fingered as the antibody test provider. That will detect those who have had it and recovered from it. Can't think of any other explanation.
Posted at 10/1/2020 08:19 by apad
I have to be careful about confirmation bias as I have sold a lot of ABC.
Revenue "11.6% in the first half on a reported basis and 9.1% on a constant currency basis,"
Removing China (growth of 17.4%) I calculate ROW growth of 9.4% This would be 7.4% on a constant currency basis.
Gross margin constant - 'adjusted operating profit margin' lower end of 25% - 28%. Doesn't say what the adjustment is and doesn't consider the continuing capital expenditure or comment on profit.
Two acquisitions are expected to contribute approximately £4m of incremental revenue in the current fiscal year (FY2020) and be neutral to adjusted earnings. ""We have recently set out ambitious plans to double the scale of our business and we are making good progress in investing in, and scaling up, the company."

So, big ambitions and ex growth but spending money like water and not saying anything about profit.

apad

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