Updates

Quantum Pharma - Sweep of board and placing

November 2016

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.

Quantum has raised £15m through a placing of 44.1m shares at 34p. This followed the release of interims showing sales up 25% to £42.8m while adjusted operating profit was £4.2m, down from £5.5m.The main contributor remains Specials, which grew sales to £28.7m (H116 £27.4m) and adjusted operating profit was £5m (down from £5.8m).Niche Pharma, the high margin licenced product bit, grew sales to £2.8m and is at breakeven (from £1.5m). It has now launched 15 products and has another seven approved (not yet launched or out-licensed) and so seems to be working better. Medication Adherence sales doubled to £11.3m (£5.4m; small loss 0.2m).The real bad news ...

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Entertainment One

Emis

Quantum Pharma - Gain since our February write up: 75% (October 2017)

Quantum Pharma - Bid from Clinigen (September 2017)

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Quantum Pharma - Five more products now approved (November 2015)

Quantum Pharma - Soon-to-be prospective PE of 9.9 (October 2015)

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Quantum Pharma - Explosive growth trajectory (June 2015)

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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