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Anybody holding Genus? (GNS)     

chad - 26 Feb 2007 13:01

Just wondered if anyone else out there is holding this company. I bought in a while ago just on the principle it would rise on the take-up by tracker fund managers due to its admission into the main market, and it has.

HARRYCAT - 23 Feb 2017 09:46 - 19 of 30

StockMarketWire.com
Genus, a leading animal genetics company, reports adjusted pre-tax profits of £25.1m for the six months to the end of December - 5% up at actual currency but 10% down on a constant currency basis.

Revenues of £222.1m were up 18% on an actual basis and 3% higher at constant currencies.

On a statutory basis, operating profits were flat at £10.0m and pre-tax profits were 12% lower at £11.4m.

The interim dividend of 7.4p per share, which is payable on 31 March, is 10% up on last time.

Genus also announced that it has signed an agreement to enter into a strategic partnership covering the supply of porcine genetics in several markets.

PIC, Genus's porcine division, will acquire the genetic rights and intellectual property of Hermitage.

Hermitage will also become a strategic supply chain and distribution partner for PIC.

In addition, PIC will acquire certain Hermitage customer relationships in various geographies including Russia, the US and several European countries.

The transaction is subject to a number of closing conditions which are expected to be fulfilled by the end of March

HARRYCAT - 23 Mar 2017 11:03 - 20 of 30

Berenberg today initiates coverage of Genus PLC (LON:GNS) with a hold investment rating and price target of 1800p.

HARRYCAT - 09 Jun 2017 10:12 - 21 of 30

Chart.aspx?Provider=EODIntra&Code=GNS&Si


StockMarketWire.com
Genus is facing new patent infringement litigation in the US.

The company - a global pioneer in animal genetics - said Inguran, XY and Cytonome/ST, (collectively ST) had filed patent infringement proceedings against ABS Global, Genus and Premium Genetics (UK) (collectively ABS) in the US District Court for the Western District of Wisconsin.

Genus said: "The new litigation alleges that ABS infringes seven ST patents and asserts trade secret and breach of contract claims."

It said that ABS intended to vigorously defend ST's latest legal action.

An update said: "The litigation is part of the long running dispute between ST and ABS in connection with the development and launch of Genus Sexed Semen technology (GSS), a proprietary product designed to compete with ST's monopoly in the processing of sexed bovine semen.

"In previous litigation initiated by ABS, the court for the Western District of Wisconsin awarded ABS a permanent injunction against ST based on the finding that ST had wilfully maintained an illegal monopoly in the market for sexed bovine semen processing in the US since July 2012.

"The court also found ABS had infringed two ST patents and awarded damages and post judgment royalties.

"ABS has filed a notice of appeal on one of these patents and an inter-partes review oral hearing at the US Patent Office is scheduled shortly on the other.

"The US Patent Office had earlier found two other ST patents challenged by ABS to be unpatentable."

HARRYCAT - 13 Sep 2017 11:39 - 22 of 30

Liberum Capital today downgrades its investment rating on Genus PLC (LON:GNS) to hold (from buy) and raised its price target to 2100p (from 1950p).

HARRYCAT - 07 Nov 2017 13:47 - 23 of 30

Kepler Cheuvreux today initiates coverage of Genus PLC (LON:GNS) with a hold investment rating and price target of 2353p

HARRYCAT - 16 Nov 2017 09:42 - 24 of 30

StockMarketWire.com
Genus has traded in line with forecasts since the beginning of July and continued to make good progress towards its strategic objectives for the year, according to an update issued ahead of today's annual general meeting.

The update said that market conditions for the group's customers were generally favourable.

It said: 'Pig producers were profitable across most major markets, although pig prices in China reduced.

'Dairy prices globally were higher than the same period in the prior year which enabled more farmers to be profitable. Beef prices stabilised in the US following their fall in the earlier part of the year, but conditions for Brazilian producers remained challenging.

'Volumes, revenues and adjusted operating profits for the four months to 31 Oct 2017 all increased compared with the prior year in both Genus PIC and Genus ABS.

'Adjusted profit before tax for the Group was also higher, despite planned strategic investments in research and development. Exchange rates were largely neutral during the period.'

HARRYCAT - 14 Feb 2018 08:03 - 25 of 30

Liberum Capital today reaffirms its hold investment rating on Genus PLC (LON:GNS) and raised its price target to 2400p (from 2100p).

HARRYCAT - 06 Sep 2018 09:48 - 26 of 30

StockMarketWire.com
Animal genetics company Genus saw its share price nosedive Thursday after statutory profit slumped sharply as it wrote down its biological assets.

For the year ended 30 June 2018, statutory profit before tax fell 81% to £7.8m, revenue rose 2% to £470.3m.

The value of the company's biological assets slumped to -£28.7m, from a £1.1m valuation in the previous year. Excluding the adjusted for the write down, profit before tax rose 4% to £58.5m.

The company declared a final dividend of 17.9p a share, taking the total dividend to 26.0p a share, up 10% on last year.

The company said it anticipated further growth in 2019, but warned of short term pain amid a more challenging external environment, owing to growing barriers to international trade and the recent spread of African Swine Fever to China. 'Genus performed strongly in 2018, achieving our financial objectives and making good strategic progress. ABS growth was particularly strong, alongside another good year for PIC,' said Karim Bitar, Chief Executive. 'The successful launch of Sexcel, our innovative proprietary 21st century sexed semen product in September 2017, was a real highlight after many years of pioneering development. It was very pleasing to hear from dairy farmers how the product performance is exceeding their expectations.'

HARRYCAT - 06 Sep 2018 09:49 - 27 of 30

Liberum Capital today reaffirms its hold investment rating on Genus PLC (LON:GNS) and set its price target at 2400p.

Peel Hunt today downgrades its investment rating on Genus PLC (LON:GNS) to hold (from buy) and set its price target at 2600p.

HARRYCAT - 15 Nov 2018 09:58 - 28 of 30

StockMarketWire.com
Animal genetics company Genus reported Thursday lower profits after its porcine business continued to face challenging conditions following the African Swine Fever breakout across China. But the company reassured investors that full-year performance would meet expectations.

'The board currently anticipates that Genus will make further strategic and financial progress and perform in line with its growth expectations for the financial year 2019,' Genus said.

For the four months to 31 October 2018, adjusted profit before tax was lower than the very strong start to the prior year, the company said.

The company's porcine business, PIC, was unable to fulfil some customer orders in China following widespread restrictions on the movement of pigs in the country after African Swine Fever continued to spread across the region with over 50 outbreaks in 14 provinces officially reported.

In ABS, the company's beef and dairy business, increased dairy prices supported profits in Europe, while in the US beef prices stabilised following their fall in the earlier part of the calendar year. Prices and market conditions also improved for Brazilian producers, the company said.

HARRYCAT - 06 Dec 2018 17:38 - 29 of 30

Kepler Cheuvreux today upgrades its investment rating on Genus PLC (LON:GNS) to buy (from hold) and raised its price target to 2630p (from 2475p).

HARRYCAT - 07 Dec 2018 10:21 - 30 of 30

StockMarketWire.com
Animal genetics company Genus said Friday it had raised gross proceeds of £68m from the placing of shares.

The company issued a total of 3,097,200 shares at a price of 2,200p a share, raising gross proceeds of £68m. The Placing Price represented a 7.8% discount to the closing price of 2,386p on 6 December 2018.

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