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EKF Diagnostics

April 2013

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:
  • 27.8p
Sales for the full year to end December were up 20% to £26.1m, reflecting a full year contribution from Stanbio. Organic growth might have looked lacklustre but this was because the comparable results the year before had been boosted by a once-off contract to supply 3,500 Haemocontrol instruments in Mexico.  Even though sales were light on forecasts, EKF has still met profit expectations mainly due to higher than expected sales of Beta-hydroxybutyrate (BHB) reagents. BHB is an acidic chemical produced in the body in response to a lowering of its ability to digest glucose for energy - commonly linked to diabetes - and the reagent generated almost £3.7m sales translating into a  £1.7m bottom line benefit ...

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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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