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Genus - Moves squarely into Austra

April 2003

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.

Having taken full ownership of its Australian distributor in November, Genus' breeding division has now moved squarely into the fastexpanding Australian market through the acquisition of RAB Australia, the second largest cattle breeding company for A$10m in cash. RAB's turnover last year was A$5.5m with an operating profit of A$2m, from selling bull semen in the Australian wholesale market. Ina pre-close note, broker, Seymour Pierce, forecast eps of 19.1p forthe year ended on 31 March with 22.8p for this year. ProspectivePE is 6.6, with a 4.9% prospective yield. WestLB was appointed as new broker last month. The shares once more look a buy. ...

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Ottakar's

Highbury House - Prospective PE of just 5.7

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Genus - Moves squarely into Austra

April 2003

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