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Horizon Discovery

June 2018

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:
  • 167p
Shares in Horizon Discovery, which supplies gene editing products, initially soared after an all share offer from antibody supremo Abcam (ABC; 1215p), which values it at £270m or 181p a share. The bid has however been rebuffed by Horizon as it “fundamentally undervalues the business.”Separately Horizon also reported its FY17 results with sales up 52% to £36.5m and a pretax loss of £14.5m. Year end cash was £28.1m.The shares remain well below the 223p price I profiled them at but the business is finally growing into its valuation. Panmure forecasts sales jumping to £61.9m this year and then £72m next, with a loss of £1.7m forecast followed by a maiden £4.5m profit ...

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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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