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Horizon Discovery

August 2015

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:
  • HZD
  • Price:
  • 159p
Since our last update, Horizon has placed new shares to raise £25m at 190p, leaving £33m net cash currently. Ahead of results on 22 September, the company said H1 had been strong with sales of £8.6m, up 112% year-on-year. That leaves the company well placed to grow sales to £21m this year, from £11.9m in 2014.There has been strong growth in Products with sales of over £3m in H1 following significant expansion in its cell line and diagnostic reagent product inventory to c.16,500 products - up from c.2,750 year-on-year. The Services side tripled sales to £5.4m following the acquisitions of the advanced in vivo disease model and drug combination screening service businesses last year.Hor ...

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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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