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EcoAnimal Health

February 2022

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:
  • 197.5
Animal drug group Eco Animal Health has been disappointing with the chief cause being the collapse in China pig prices, which fell from CNY (Chinese Renminbi) 35 / kg in January to 10 / kg in October before a slight recovery. That fall was effectively below the cost of farmers’ production and this has resulted in a significant reduction in China’s breeding herd. As a result demand for its flagship drug, Aivlosin (antiobiotic for respiratory and enteric infections in pigs and poultry), collapsed. This in turn meant interim results would be below expectations, leading to eps forecasts cut to 5.6p, 6.2p and 7.8p between FY’21-’23. China & Japan, which had represented 56% sales in FY’21, fell to just 41% sales in H1 ’22 and dragged ...

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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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