Updates

UDG Healthcare - Operating margin at Sharp jumps from 12.9% to 15.5%

January 2021

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.

Shares in UDG Healthcare went over £8 after it announced full year results for the year ended September materially ahead of expectations with adjusted operating profit rising 7% to US$165.3m (9% above consensus forecasts) and eps increasing 1% to 47.7 cents, against guidance of 43-45 cents. Given Covid blighted over half the period, this was hugely resilient, while an impressive 111% cash conversion helped by one-off working capital benefits (c. US$40m) and lower capex (US$12m) meant net debt fell sharply from US$80.5m to just US$16.2m (0.1x net debt / EBITDA).Sharp, which packages and labels pharmaceutical products such as cartons and blister packs, was the stand-out with sales up 11% to US$387.7m and operating profit ...

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DX - Trading Materially Ahead of expectations

Loungers

UDG Healthcare - Take-over at 1080p yields a 97% gain (August 2021)

UDG Healthcare - 1023p-a-share cash offer (July 2021)

UDG Health (October 2020)

UDG Healthcare (June 2020)

UDG Healthcare (January 2020)

UDG Healthcare (July 2019)

UDG Healthcare (August 2018)

UDG Healthcare (July 2018)

UDG Healthcare - Confident CFO's unofficial target is 20% eps growth p.a. (April 2018)

UDG Healthcare (February 2018)

UDG Healthcare (December 2017)

UDG Healthcare (September 2017)

UDG Healthcare - Shares hit new high of 837p (July 2017)

UDG Healthcare - Shares rise above £7 for first time (April 2017)

UDG Healthcare (February 2017)

UDG Healthcare (July 2016)

UDG Healthcare - Completes disposal of wholesale drugs arm (May 2016)

UDG Healthcare (March 2016)

UDG Healthcare - Healthcare firms profitability soars after sale of low margin business (January 2016)

UDG Health - Key disposal will lift margins for high-flying healthcare group (November 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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