Applied Graphene Materials develops graphene dispersions that are used by customers to enhance the properties of coatings, composites and functional materials. It also manufactures high-purity graphene nanoplatelets using readily available raw materials instead of graphite.
Given the funding position, management has initiated a strategic review of the options available for maximising value for shareholders and other stakeholders. Options include, but are not limited to, raising additional funding from a specialist debt provider or strategic investor or realising value from an accelerated sale of the group’s trade and assets or the shares in AGM’s main operating subsidiary.
Adrian Potts
CEO
David Blain
CFO
Forecast net debt (£m)
N/A
Forecast gearing ratio (%)
N/A
% | 1M | 3M | 12M |
---|---|---|---|
Actual | 42.5 | (55.7) | (73.0) |
Relative | 33.1 | (61.0) | (73.1) |
52 week high/low | 26.7p/3.4p |
Applied Graphene Materials (AGM) has spent recent weeks investigating the feasibility of an equity raise with institutional and other investors. Management has concluded that, given current financial market conditions, it will not be able to complete an equity raise at present. Although management is pleased with the start that AGM has made to its new financial year, the company requires additional funding to extend its cash runway beyond January 2023, which, as previously disclosed, is when management expects that the existing financial resources will be fully depleted.
Y/E Jul | Revenue (£m) | EBITDA (£m) | PBT (£m) | EPS (fd) (p) | P/E (x) | P/CF (x) |
---|---|---|---|---|---|---|
2020A | 0.1 | (3.1) | (3.5) | (6.1) | N/A | N/A |
2021A | 0.1 | (3.2) | (3.6) | (5.6) | N/A | N/A |
2022E | N/A | N/A | N/A | N/A | N/A | N/A |
2023E | N/A | N/A | N/A | N/A | N/A | N/A |
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