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EKF - Forecasts upgraded again

April 2012

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:
  • EKF
  • Price:
  • 28.5p
The shares burst to a new  high after EKF said  H2 had beaten expectations.When full year results to 31 December emerged a couple of days later these beat forecasts, which had been upgraded in February, coming out at £1.6m ebitda against expectations of £1m. Of course these were adjusted for certain exceptionals and the management bonus scheme. The loss before tax was £2.4m, including Stanbio acquisition costs.  Sales in the year tripled to £21.7m but with Stanbio in for six just months and contributing £8m, the ongoing sales run rate is now £28m. The better H2 was due to a large order for Haemocontrol (HemoPoint H2), an instrument for testing for haemoglobin, from the Mexican Government in November. Th ...

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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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