9 February 2010

BUPA beats Ultrasis blues

08/11/2007 Robert Tyerman

Depressed healthcare minnow Ultrasis has won a contract for its Beating the Blues depression treatment from private medical leader BUPA.

Nigel Brabbins, chief executive of the loss-making concern, says the contract is for 500 patients to be treated around the country under the BUPA Wellness Programme. 'If that works out, we'd expect to agree an annual contract with BUPA,' suggests Brabbins.

He claims that Beating the Blues, which is an eight-week web-based programme based on cognitive behavioural therapy, succeeds with 70 per cent of patients and could therefore save BUPA 'lots of money' on its company health care schemes if adopted across the board. Describing today's deal as a 'taster', he points out that Belfast-based Ultrasis has a National Health Service contract, too, and is talking to other private healthcare providers and backers, such as Canada Life.

Ultrasis, whose shares soared more than tenfold to 3.38p between 2004 and early 2006, can do with some good news. Losses rose 70 per cent to £769,000 in the year to July, though turnover increased 27 per cent to £1.6 million and the company ended its year debt free and with £879,000 cash.

The shares now stand at 1.03p, up 0.04p this morning. They represent a gamble on recovery.

Growth Company Investor subscribers have full access to all our AIM and small-cap share recommendations. To subscribe today with a half-price offer, and gain immediate access to all the recommendations, click here.

Sector: Pharmaceuticals & Biotechnology

Companies: Ultrasis

Subscribe today

Growth Company Investor is the leading magazine for investors in AIM and boasts award-winning research and analysis coverage. 
Subscribe now and receive a 50% discount

AIM in Review 2010

Growth Company Investor, in association with the London Stock Exchange, presents the most wide-ranging and detailed examination of the AIM market: AIM in Review 2010. For more information and to order, click here or contact our marketing team on 020 7250 7056.

Directors' Pay on AIM 2009 – ­ a Growth Company Investor publication in association with Deloitte

The report reveals the top-earning chief executives and remuneration levels at AIM's most profitable and fastest-growing companies. It also examines constituent parts, including basic salary, bonus, pensions, benefits and share-based payments. To order click here.

Free – Latest Stock Recommendations

Free access to the latest AIM stock recommendations and news from the award-winning Growth Company Investor team. Receive our tips on what stocks to buy direct to your inbox every Tuesday and Friday. Find out more today.

Select your level of risk and we select the funds

Cautious? Positive? Adventurous? Choose between three levels of risk for a fund of funds from Sharefunds, our sister company. Click here for more information.

The AIM Guide 2009/10

The brand new, fully updated AIM Guide 2009/2010 is now available to purchase. AIM Guide is the only fully comprehensive guide to AIM and is regarded as 'must-have' for any serious investor or professional interested in the market for young, fast-growing companies.   Order your copy today and benefit from a £10 discount!

VCT Special Report 2009

This report's principal aim is to provide business owners seeking funding with information about the amount of funds that VCTs have to invest. Click here for more information.

Cash Shells Special Report 2009

Business XL, the award-winning monthly magazine for growing companies, is delighted to announce the launch of a new study on cash shells. The research provides a comprehensive overview of cash shells on AIM, companies that have become a significant feature on the AIM landscape. Buy the Cash Shells 2009 Research Report today or email Halid Delkic to obtain a free two-page abstract.

Latest small-cap and growth company news

Daily coverage of small-cap company stocks on London's junior markets AIM and PLUS, breaking news, stock research and latest share price information for investors. Full sector coverage with all the latest news on smaller listed companies, updated several times a day with financial reports, trading statements and links to further web resources.

Popular News

Latest News

Atlantic Coal

Atlantic Coal taps investors 09/02/2010

Pennsylvania-focused Atlantic Coal has raised £400,000 at 0.7p for working capital and to help with a takeover.

Tags: AIM , Commodities , Fundraisings

Sector: Mining

Companies: Atlantic Coal

Mineral group plans £20m float 08/02/2010

Aussie-listed Greenland Minerals and Energy is planning a flotation on the London Stock Exchange to raise £20 million for a £1.4 billion world-class rare earth and uranium project at Kvanefjeld in Greenland.

Tags: Commodities , Fundraisings , New Issues

Sector: Mining

Randgold continues expansion 08/02/2010

African miner Randgold Resources plans hefty production and resource increases after lifting annual gold sales 27 per cent to £288 million. 

Tags: Commodities , Emerging markets , Full list , Growth Stocks

Sector: Mining

Companies: Randgold Resources

More News

Sectors

Vitesse Media Events