Angle (AGL)

Business description

Angle is a specialist medtech company with a potentially disruptive platform technology. The proprietary Parsortix cell separation platform can harvest circulating tumour cells and other very rare cells from a blood sample for downstream analysis.

Stock data

Market cap.£44m
Last close59.00p
High / Low (52 weeks)78.5p / 47.8p
Stock market listingLN
Forecast net cash (£m)5.3
Forecast gearing ratio (%)N/A
TeamHealthcare
SectorPharmaceutical & healthcare

Price performance

%1m3m12m
Actual22.3(4.8)0.9
Relative *20.4(10.3)(17.4)

* % Relative to local index

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Company news

ANGLE PLC makes prostate cancer breakthrough

Mon, 21 Mar 2016 08:02:15 GMT

ANGLE - early results from ovarian cancer study encourage; making signficant ...

Thu, 26 Jan 2017 08:03:45 GMT

ANGLE's new blood screening tech to revolutionise cancer diagnosis

Tue, 19 Apr 2016 14:18:52 GMT

Beaufort Securities Breakfast Alert: Ariana Resources plc, ANGLE plc ...

Tue, 14 Feb 2017 08:15:00 GMT

Angle PLC Announces New Publications Utilising Parsortix

Fri, 29 Apr 2016 06:00:00 GMT

Investment summary

Angle’s H117 business update revealed that R&D activities are progressing well, while the company booked further research use sales. The first prospective clinical studies with Angle’s liquid biopsy system Parsortix in ovarian cancer reported positive early evaluation results and are due to report headline data in Q217. Our SOTP-based valuation is increased modestly to $175m or $23.4/ADR. The main 2017 catalysts are the results from the ovarian cancer studies; an acceleration of research use sales; any new data from Angle’s multiple KOLs and customers investigating Parsortix; and progress with the FDA analytical and clinical studies.

Last updated on 14/02/2017

Y/E Apr Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2015A 0.0 (3.5) (3.6) (7.50) N/A N/A
2016A 0.4 (4.9) (5.0) (7.97) N/A N/A
2017E 1.1 (7.4) (7.7) (10.24) N/A N/A
2018E 3.6 (4.9) (5.2) (6.67) N/A N/A

Last updated on 14/02/2017

Latest video

Angle plc

Industry outlook

The precision medicine approach is a key initiative aiming to improve treatment efficacy and outcomes by tailoring the treatment to the patient and their disease. CTCs provide information about the individual’s cancer, which can be used for prognostic, diagnostic and treatment stratification purposes.

Last updated on 21/12/2016

Key management

Andrew Newland, CEO
Ian Griffiths, FD

Company address

3 Frederick Sanger Road
The Surrey Research Park
Guildford
Surrey
GU2 7YD
United Kingdom
+44 (0)1483 685830
View website