Updates

Dechra Pharmaceuticals - Positive AGM

December 2004

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.

The shares have got off to a good start, following a very positive AGM, which stated that group sales and profit are ahead of budget for the first quarter ended 30 September. Highlights include a successful launch of Felimazole (feline hyperthyroidism) into the French and German markets, while Dechra has been granted authority to launch a newlow dose (30mg strength) for Vetoryl (Cushings disease in dogs) in the UK. More importantly, Dechra remains on track to launch Vetoryl into the US, a market ten times the size of the UK. Keep holding. ...

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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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