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Alliance Pharma

June 2010

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:
  • 33.5p
At the AGM Alliance released an upbeat trading report that said sales in the first four months Jan-April ‘10 was £15m, up 88% on last year and ahead of management expectations. Excluding the acquisitions of Cambridge Labs and the two Reckitt drugs (Timodine and Buccastem), sales were up 54% on an organic basis. Clearly there has been no let up in the performance of Deltacotril, an anti-inflammatory agent, which has run rate sales of £1m a month, well ahead of the £0.7m forecast from brokers. All coming together nicely; still a 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.

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