EKF Diagnostics - Admiral brand disposal

Monday, Jan 03 2011 by
1

EKF Diagnostics, the buy and build Point of Care (PoC) diagnostics company led by Julian Baines and David Evans, announced that it has completed the disposal of the Admiral sportswear brand for about £830,000 cash. £83,000 will be paid on completion, with the balance to be paid before the end of January 2011. EKF has raised c. £1.8 million in 2010 through the Admiral disposal. The proceeds from the disposal will be used to support the current diagnostics business.


Disclaimer:  

This note was prepared by LCF Research Limited using information provided by the subject company’s management or publically available news sources. No representations are made nor warranties given (express or implied) in relation to accuracy and completeness. This document is not an invitation to invest in the subject company and does not purport to contain all the necessary information that a prospective investor might require. LCF Research Limited recommends prospective investors to conduct their own thorough independent analysis of the subject company and the information contained in this note or referred to above.


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EKF Diagnostics Holdings Plc designs, develops, manufactures and sells diagnostic instruments, reagents and certain ancillary products. The Company is focused within the In-Vitro Diagnostic devices (IVD) market place. Other services include the servicing and distribution of other company products under separate distribution agreements. The Company operates in the United States, Germany, Poland, Russia, United Kingdom and Ireland. The Company is also a manufacture and distribution of organ injury biomarkers specializing in acute injury to kidneys (AKI), liver and pancreas. In March 2014, EKF Diagnostics Holdings PLC acquired Separation Technology Inc. more »

Share Price (AIM)
35p
Change
-2.0  -5.7%
P/E (fwd)
28.2
Yield (fwd)
n/a
Mkt Cap (£m)
143.7



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