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Alliance Pharma

February 2012

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • APH
  • Price:
  • 29.5p
Since our last update, Alliance has announced the purchase of two more dermatology brands;  Quinoderm, an acne treatment, and Ceanel, a shampoo for treating scalp psoriasis. It is paying £1.5m for the two, which have annual combined sales of £0.6m. The acquisitions will offset some of the reduction being seen in sales of Alliance's treatment for rheumatoid arthritis, Deltacortril and its low dose aspirin sold in the Irish market, Nu-Seals.Separately, Alliance said it expects to report profits for the year to 31 December that will be in line with market expectations.Surprising to see the shares retrace on the back of this. Keep holding. ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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