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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Alliance Pharma - Cambridge Labs nehind its growth

June 2011

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:
  • APH
  • Price:
  • 36p
Speciality pharmaceutical group Alliance Pharma's results for the year to 31 December were better than forecast with sales up 60% to almost £50m and pretax profit rising 91% to £16.4m. Eps rose 43% to 5.1p while net debt fell by £4.7m to £17m. The latter doesn't include its convertible loan stock, which was reduced by a third to £4.9m. Alliance's growth was boosted by last February's  acquisition of 18 products from Cambridge Labs, which generated sales of £11.7m and included £5m-£6m from one undisclosed product whose sales peak every 2.5 years, with 2010 being its peak year. Its original portfolio of generic, branded medicines again sparkled, led by Deltacortril (arthritis), which grew sales by 59% to £13.5m ...

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