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Lawrence

June 2006

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:
  • LAC
  • Price:
  • 265p
Despite more positive news emerging on further drug marketing authorisations for Lawrence’s antiparasitic, Ecomectin, house broker Charles Stanley took a knife to its forecast for sales and profits over the month. The broker has reduced its pretax profit forecast from £5.42m to £2.92m for the current year to March ’07 (eps forecast down from 12.2p to 8.9p). Pretax forecast for next year is reduced from £14.88m to £5.85m (eps down from 33.5p to 16.4p). New sales forecasts for the next two years are £23m and £33m. The broker note carries two pages of explanations as to why these forecasts are being cut so dramatically - delays in the speed of registrations, a higher cost in obtaining ...

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Lawrence - Prospective PE of 8.2 for next year (May 2006)

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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