image

The best stocks to buy since 1993

Latest issue now available

CeNeS - Nomura says 28p price is possible

May 2004

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.

The last year represented a period of substantial change for Cenes with the sale of its pharmaceutical products business in May for £9m and the subsequent all share acquisition of TheraSci in November for £3.7m. This left Cenes focused on  the development of drugs for the treatment of the central nervous system, particularly pain, and operating as a 'virtual' pharma, with just 13 employees and all development activities outsourced. Results were therefore of academic interest only, with a loss of £6.3m for the year to 31 December. On current expected levels of cash burn, period end cash of £7.9m is sufficient for 18 months.  Cenes has two products in clinical development for pain,  an opioid a ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Related Articles

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

LIMITED PERIOD OFFER

SUBSCRIBE TODAY AND SAVE £40 WITH OFFER CODE 40OFFSCSW

To access our archive of articles and to receive current issues you need to subscribe