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Alliance Pharma - Stronger than anticipated margins

February 2013

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:
  • 32p
Sending the shares higher was a pre-close update, which said  sales in 2012 are expected to be £44.9m, down a smidge on the previous year although stronger than expected gross margins means pretax profits will come in ahead of expectations. In particular, Hydromol, sold strongly with full year sales of £4.7m, representing growth of 29% year on year whilst  contributions from Opus and the antimalarial brands bought from AstraZeneca also contributed to the margin increase. Results are due on 21 March. Buy. ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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