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Alliance Pharma

November 2020

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:
  • 75.5p
Interims were in line with last month’s pre-close statement, which I covered. Revenues were £65.3m, down 7%, although pretax profit was helped by lower interest charges and was up 7% to £16.3m (eps 2.5p).Reflecting the strategic shift to more reliable consumer brands in recent years, Alliance has announced a reclassification of the portfolio into two areas: Consumer Healthcare brands (including the former International Star brands and 25 other Local Brands), which represents 64% of revenues, and Prescription Medicines (which is the remaining Local Brands).Consumer Healthcare brands showed resilience in H1 20 with revenues of £43.8m (down 3% year-on-year) as its anti scarring treatment, Kelo-cote (+8%), ...

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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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