BioMedica can fill the hole
Sunday 19 January 1997
CIRQUAL, the aluminium extrusions business, tipped here at 152.5p in September, is now sitting pretty at 191.5p. As expected, in December the company became the first AIM company to transfer to a full listing on the main market, and for its maiden figures, beat its prospectus forecast, posting pre-tax profits of pounds 2.96m. The shares have been further boosted by an upbeat AGM statement last week by its chairman, former FKI chief, Tony Gartland. Yet the shares still trade at a prospective multiple of 11 times, if profits hit pounds 5.3m this year, which should be possible. Buy.
BACK on the biotechnology beat, Stanford Rook (525.5p) announced interesting findings last week for its M. vaccae treatment, in a pilot study on patients suffering from or skin cancer. The company said 25 per cent of a 36 strong patient group showed improved antibody response, required for immunity to cancer. The market was clearly aware of the pending news, as the shares were up 90p to 522p before the news was released. However there is little in the findings to offer any concrete evidence of long term benefits. The trial did not have a control group of any description, and there are still doubters about the company's research. Avoid.
SILVERMINES (81.5p), the Irish-based group with an expanding presence in closed-circuit television, has exited the last of its non-electronics businesses with the IRpounds 2.6m disposal of its Shannon Business Park. It has also won a major CCTV contract in Asia with the China Construction Bank. The group should beat analysts' forecasts of pounds 4.1m for the year to December 30, 1996. Buy.
TINY Rowland issued another string of questions for Lonrho (127.5p), ahead of its full-year results last Thursday. Unsurprisingly, there were no answers. But his point about Anglo American's sugar business, Tongaat- Huelett's, interest in Lonrho's sugar estates, is correct. Anglo wants the Lonrho sugar business - and Lonrho may be willing to part with an excellent operation. However, there are difficulties here, even if the two sides do reach agreement on price. Lonrho's sugar business has protected status for sales of its sugar cane into the UK, where it can sell at above the world price. This may not hold true for Anglo. The two businesses, however, know each other well, and would make a good fit. But even if there were a deal, it would not resolve the problems at Lonrho, and the shares are best avoided.
International Women's Day 2014: The shocking statistics that show why it is still so important
Feminist quotes to inspire you on the International Women's Day
Belle Knox: How the porn star student from Duke University became bigger than Justin Bieber
International Women's Day 2014: Mothers and daughters describe their hopes and dreams in touching photographs
Liam Neeson on death of wife Natasha Richardson: ‘When I hear the door opening, I still think I’m going to hear her’
Apple's Tim Cook: Business isn’t just about making profit
Thousands of young people forced to go without food after benefits wrongly stopped under 'draconian' new sanctions regime
Ukraine crisis: New navy chief 'defects' and surrenders Crimean HQ as Putin claims ultranationalists forced intervention
Britain's top vet sparks controversy with call for ban on slashing animals' throats in 'ritual' slaughters for halal and kosher meat products
Ukraine crisis: Russia dismisses '3am ultimatum' as 'total nonsense'
If you're horrified by a flame-roasted dog, you should be shocked at a hog roast
- 1 International Women's Day 2014: The shocking statistics that show why it is still so important
- 2 Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
- 3 Orgasm machine to deliver climax at the push of a button
- 4 Too upsetting? Academy members voted for Oscar-winning 12 Years A Slave 'without watching it'
- 5 Liam Neeson turned down James Bond role to marry Natasha Richardson
iJobs Money & Business
£12000 per annum: Inspiring Interns: The company works with Tier 1 FTSE 100 Ba...
£32000 - £36000 per annum + generous benefits: Pro-Recruitment Group: * TAX * ...
£37000 - £40000 per annum + £20000 benefits package: Pro-Recruitment Group: **...
£30000 - £35000 per annum + generous benefits: Pro-Recruitment Group: Mixed Ta...