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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Devro

October 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.

  • Epic Code:
  • DVO
Edible sausage casings manufacturer, Devro, announced interim results for the six months ended 30 June amd pretax profit lifted salesto £71m and £8.7 respectively. Earnings rose a sharper 6% to 3.9p, reflecting a lower tax charge.  Net debt decreased £2.8m to £31.5m, compared to a year ago, and this will fall further with the group still waiting for the £7.3m proceeds from its land sale.   Devro'spedestrian profit performance masks a period of excellent volumegrowth, which was 7% overall and 8% in edible collagen casings. Geographically, the best performances came from the Americas (+14%)and Europe (+6%) with analysts noting that the 5% growth in the UK andIreland is the strongest for some years.  Ho ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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