Market Report: Taking Stock
Wednesday 12 November 1997
The struggling healthcare group, up 0.25p to 3.5p, has had a wounding time, running into financial difficulties and hit by a series of marketing problems. Three years ago the shares were 182p. Haemocell believes it needs a little help to grow. It is involved in talks which could lead to a reverse takeover.
John Lusty, the acquisitive niche food group, continues to seek acquisitions and is likely to clinch a deal soon. Interim profits rose 159 per cent to pounds 609,000 and year's profits should be around pounds 1.9m against pounds 753,000. The shares edged ahead 0.25p to 9p.
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