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Secondary Recommendation

Devro - Best outlook for 4 years

April 2002

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:
  • DVO
Devro is the largest manufacturer of edible sausage casings, made from collagen. The company has had a turbulent time over the last four years.  Its  catalogue  of problems, which included a loss-making subsidiary and two major food crises (BSE and Foot-And-Mouth) would have sunk lesser companies. However, that loss-maker, Teepak, was sold last year and  latest results, announced on 13 March, indicate that prospects are much more encouraging for the current year. Devro has built up analmost impregnable position in manufacturing collagen casings, with a global market share of over 50% -  three times the size ofits largest competitor.  Its biggest region is Europe, whichgenerated 55% of the £ ...

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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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