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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Abcam - Trading "slightly ahead of expectations"

September 2012

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:
  • 392p
Since our last update the shares have zoomed up from 360.5p to 392p, helped by a statement that  noted that trading for the year to 30 June has been slightly ahead of expectations.Abcam's core business, which sells research grade anti-bodies via its website, continues to grow strongly with its online catalogue expanding 25% to 92,456 products.Despite continued pressures on central Government research budgets, not helped by the distraction of the US election in November, Abcam reported revenue growth of 17%, or 11.5% on an underlying basis. Net cash was £17m. Numis has tweaked 2012 pretax profit forecasts up £1m to £38.8m (eps: 15.4p) with current year unchanged at £43.2m (16.1p). ...

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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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