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Clinigen - Another upgrade to forecast

September 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:
  • CLIN
  • Price:
  • 379p
The shares temporarily went over £4 after a pre-close trading update said profits for the year to end June will be “slightly ahead.â€All three divisions have seen good organic growth in particular Clinigen CTS, which supplies clinical trial products although some of this included low margin contracts. Clinigen GAP, which operates drug access programmes is seeing sales some six times higher, albeit from a small base. The exciting bit in the specialist hospital-only drugs arm has only had limited benefits from the two recent acquisitions as transferring licenses over takes time. Numis has upgraded its eps forecast for the year just ended by 14% to 21.2p and this year's lifts by 5% to 22.3p but is probably erring on the low side. ...

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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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