ABCAM PLC (ABC)

ABCAM PLC (ABC)

Blog posts

Abcam to Delist from AIM and Victoria Webinar

The views expressed in this article are those of its author and don't necessarily reflect those of ShareSoc. Abcam Delisting from AIM Biotechnology company Abcam (ABC) is one of the largest AIM listed companies (market cap £2.7 billion). Yesterday (20/7/2022) they included in a trading update a statement that they are planning to cancel the admission of their shares on AIM. They previously moved to list their shares also on Nasdaq so they are currently dual-listed. This means they have already lost the ...

Market Crash and Abcam Impact from Coronavirus

This morning (9th March) my stock market portfolio was a sea of red – down 5.6% at the time of writing at 9.30 am.  Not only have most shares fallen, but spreads have widened so it’s not even easy to pick up those shares that are now undervalued at a fair price. I think the answer here is to wait until the immediate panic is over before making any more decisions to buy or sell. The major impacts on shares have been ...

Mello Event, ProVen and ShareSoc Seminars and Lots More News

It’s been a busy last two days for me with several events attended. The first was on Tuesday when I attended the Mello London event in Chiswick. It was...

New Stockopedia Version and Abcam Trading Update

Like many private investors, I use the Stockopedia software to provide me with a summary of key financial information on a company. I also use it to provide “alerts” on price changes and for occasional stock screening. It’s one of the key elements in my share portfolio management. It has always been quick and easy to use, without too much complexity. They have just released a new version of the software that now supports mobile devices much better – that was ...

Abcam Interims, Brexit Amusement and Superdry

Abcam (ABC) published their Interim Results this morning (4/3/2019). The share price promptly dropped 20% although it has recovered half of that at the time of writing. What was the reason for the price drop? A major profit warning, totally unexpected results or other issues? None that I could see. Before giving you my analysis, you may care to read what I said about the company after attending their last AGM – see https://www.sharesoc.org/blog/company-news/persimmon-departure-abcam-agm-and-over-boarding/ . I expressed concerns about the cost and ...

Persimmon Departure, Abcam AGM and Over-boarding

Persimmon (PSN) issued an announcement this morning saying that CEO Jeff Fairburn was stepping down at the request of the company because “the Board believes that the distraction around his remuneration from the 2012 LTIP scheme continues to have a negative impact on the reputation of the business and consequently on Jeff’s ability to continue in his role”. They are undoubtedly right there. To remind readers, their misconceived and uncapped LTIP potentially would have meant bonus shares being awarded to Mr Fairburn ...

Standard Life UK Smaller Companies AGM, WPP and Tesla

For those folks who invest in smaller companies, it’s always educational to attend the Annual General Meeting of Standard Life UK Smaller Companies (SLS) which I did today. This investment trust has been managed by Harry Nimmo and his team for many years and he has consistently beaten the company’s benchmark (currently Numis Smaller Companies Plus AIM index). Harry’s presentation highlighted that smaller companies were a “great place to be until the last 4 weeks”. He said that we often see sharp ...

Abcam, Pay and Voting

As a long-standing shareholder in Abcam (ABC), I have just received the Annual Report and I am not happy. Abcam rather surprised the market when they issued their preliminary results which showed a massive investment in a new Oracle IT system was in difficulties. Clearly the project is over-budget and over-schedule. Costs are ramping up in other areas also and the result was a lowered broker forecast and an instant collapse in the share price – down over 30% at one point ...

Brexit, Abcam, Victoria and the Beaufort Case

Another bad day for my portfolio yesterday after a week of bad days last week when I was on holiday. Some of the problems relate to the rise in the pound based on suggestions by Michel Barnier that there might actually be a settlement of Brexit along the lines proposed by Theresa May. This has hit all the companies with lots of exports and investment trusts with big holdings in dollar investments that comprise much of my portfolio. But a really ...

Abcam AGM, Cambridge Cognition, Ultra Electronics, Wey Education and IDOX

Yesterday I attended the Annual General Meeting of Abcam (ABC) in Cambridge as I often do as I have held the stock since 2006. Share price then (adjusted for consolidation) was about 50p and it’s now about 950p so I, like most investors in the company, am happy. Alex Lawson has done a full write-up of the meeting for ShareSoc, which is available to our full members here, so I will only cover a few points herein. One shareholder expressed concern about ...

Abcam, Voting and Non-Executives

I am a long-standing holder of Abcam (ABC) and have been very happy with my investment – a compound annual return of 33% p.a. since I first purchased the shares in 2006 according to ShareScope. But the notice of this year’s AGM (to be held in Cambridge as normal) has made me unhappy for other reasons. Firstly, I tried to vote. Rather than use the paper proxy voting form (I am on the register so I get one) I thought it would ...

High pound impacts Croda, Abcam and others

Today Croda issued their interim results for the six months to the end of June. Croda is a speciality chemicals company and less than 10% of its revenue arises in the UK. A very substantial proportion comes from the USA and from other dollar denominated sales elsewhere. The high pound (currently over $1.70 to the pound) is having a big impact on companies such as Croda. In the six month figures revenue in constant currency terms is up 2.5% and operating ...

AGM Reports

Abcam Plc (ABC) AGM 2017

Yesterday I attended the Annual General Meeting of Abcam Plc at their office in Cambridge. 15 ordinary shareholders were present at the AGM along with the board (minus non-exec Mara Aspenall who was in the USA) and usual hangers on. Some financial highlights from the results are as follows: Total revenue increased by 26% (10% on a constant exchange rate basis), EBITDA margin was 32.5% compared to 33.6% in 2016, profit before tax £51.9m compared with £45.4m and a full year dividend ...

Abcam Plc (ABC) AGM Report 2016

Today I attended the Annual General Meeting of Abcam Plc (ABC) at their office in Cambridge. 15 ordinary shareholders were present at the AGM (including myself and Sharesoc’s Roger Lawson), with all board members and some non-execs present as well. Some financial highlights of Abcam Plc’s results this year are as follows: Total revenue increased by 17% to £159m, gross margin was flat at 70%, cash increased to £71m (from £59m) and the full year dividend was up by 8.5% to 8.91p. We ...

Abcam (ABC) AGM Report 2014

I attended the Annual General Meeting of Abcam yesterday (3/11/2014) at their offices in Cambridge. Abcam primarily sells antibodies via the internet to research scientists worldwide. They are one of the more successful AIM companies, with consistent profitability, good growth and good cash flow. But the pace of growth has been slowing of late and last year was somewhat disappointing. This may be due to pressure on Government spending, which finances most scientific research, in the USA and other countries. The ...

ABCAM (ABC) AGM Report 2012 – A good reason to attend AGMs

Abcam held their AGM on the 22nd October at their offices in Cambridge – about half a dozen ordinary shareholders attended, much the same as last year. Glad to see they seem to have taken notice of my complaint last year about the early start time and moved it to 11.00 am – you see it does pay to moan sometimes. Abcam primarily sells antibodies via the internet to research scientists worldwide. They are one of the more successful AIM companies, with ...

Abcam (ABC) AGM Report 2011 – Why waiving salary can make you richer

Yesterday I visited the offices of Abcam Plc in Cambridge for their AGM at 10.00 am– not the most convenient time if you are travelling any distance as I said to one of the directors. Abcam is a highly successful seller of antibodies to scientists which they do via the internet. Indeed the share price of Abcam, which is listed on AIM, trebled in three years before reaching a peak of 460p in July this year, although it has fallen back since ...