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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Abcam - Shares now £5 above tip price

October 2010

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:
  • ABC
  • Price:
  • 1750p
Another fantastic surge lifted the shares to an intra-day high of 1786p and they remain over £5 above our recommendation price in May. The catalyst was final results, which just beat recently upgraded forecasts, with revenues up 25% to £71m, pretax profit rising 58% to £25.8m and eps increasing 54% to 53.8p. All territories grew strongly, both mature ones like the US and Europe, which grew 20% and the UK, which expanded 15% and also immature ones like Japan (+40%) and Hong Kong & China (up 62%). To recap, Abcam supplies research grade antibodies, which act as  “markers†of a disease and help scientists understand and characterise biological processes in their quest to find cures and treatments. Abcam does thi ...

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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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