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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Abcam

October 2017

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:
  • 1064p
The shares have risen nicely to new highs and are £2 ahead of our write up last November. Abcam’s pre-close update for the year ended 30th June noted another successful year with group revenue expected to have grown 27% on a reported basis or 10% at constant currency. Gross margin is expected to be 70%, in line with expectations.The company, which sells research grade antibodies via an online catalogue to help scientists find cures for cancer and other life threatening diseases, noted that its catalogue revenues grew over 11% with RabMab (rabbit antibodies) up 25%.These figures were slightly ahead of broker Numis’ forecasts and it has upgraded eps by 3% to 25.4p with 31p expected in the year to next June. ...

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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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