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Provalis

November 2002

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.

At the AGM, Provalis reported that the first quarter of the financial year has started well. Management sales in the period were £3.5m reflecting the impact of Diclomax sales and the penetration of Glycosal in the USA market. Sales of medical diagnostics were £0.7m in the quarter - just below those for the whole of 2002. This reflects the US launch of Glycosal by Cholestech as well as the supply to Abbott Laboratories of over 1,300 instruments. Firm orders for delivery in the second quarter are £1m. Total number of instruments sold was  1,800, with a further 1,300 to ship in the second. At the same time, cartridge sales  were  170,000 in the first quarter and 500,000 are due for delivery in  the ...

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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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