Take a stake in disinfecting our hospitals – you could clean up
there is a risk of contamination. Rinse Assure removes that risk.
New products are being piloted at various hospitals too, which will allow the chlorine dioxide kit to be used on hospital surfaces and floors. This type of kit is widely acknowledged to be more effective than most traditional disinfectants and take-up is likely to be considerable.
The company is applying for international regulatory approval for these surface and floor cleaners, a process that normally takes some time. However, the Chinese government recently gave Spinney special dispensation, asking him to ship ten pallets of Tristel’s surface products for army use, even though the new kit has yet to be officially approved in China.
As Covid-19 takes hold, other governments may also look to speed up the introduction of the most effective decontaminators.
Tristel shares are £4.45 and were more than 50p higher earlier this month before the latest bout of market nerves. Even after the recent tumble, Tristel is one of the very few companies whose share price has risen this year. Not only did Swinney report robust halfyear results in February but there is a widespread belief that group sales will rise on the back of coronavirus fears.
Hospital hygiene is already a focus of concern, with patients often falling ill from infections caught on the ward – coronavirus is likely only to increase such concerns and prompt increased attention on scrupulous disinfectant processes. Tristel ticks all the boxes and demand is growing. In Australia, for example, Tristel disinfectant has been specifically recommended to eye doctors, looking to make sure their equipment is coronavirus-free.
Brokers have already pencilled in a 14.5 per cent increase in sales to £26.2million for the year to June, with profits up 19 per cent to £5.6 million and a dividend up from 4.6p to 5.5p. These figures may be upgraded and next year’s numbers should show strong growth too.
Traded on: AIM Ticker: TSTL Contact: tristel.com or 01638 721500