image

Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Latest issue now available

Eco Animal Health

September 2021

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:
  • EAH
  • Price:
  • 308p
Eco announced a stellar 190% increase in EBITDA to £24.4m for the year to March ’21, smashing Peel Hunt’s forecasts for £18.5m, on sales up 46% at £105.6m. After expensing £8m R&D, pretax profit was £21.3m for eps of 13p.This was driven by exceptional conditions in China, its largest territory, where the sow herd increased rapidly and pork producer margins were at record levels. Sales grew strongly in China (+ 154% to £58.9m), the USA (+19% to £13.9m) and Latin America (+13% to £14.3m), with only South-East Asia declining 36% to £9.1m. However, the share price weakness reflects further disruption from African Swine Fever forcing farmers to increase sow slaughteri ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

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

LIMTED TIME OFFER

SUBSCRIBE TODAY AND SAVE £30 USING OFFER CODE 30OFFTMI

To access our archive of articles and receive current issues you need to subscribe