AEX Gold – drilling results further demonstrate ‘very encouraging’ potential, Buy, shares will more than double
A couple of years ago I wrote on shares in Dechra Pharmaceuticals (DPH) not particularly complementarily, observing 'I would not want to be paying a 30 times P/E ratio for that...even if its range of equine, cat and other animal pharmaceutical products continues to grow'. It has taken a while, but over recent weeks the stock has broken back above this letter. So on a quiet regulatory news day...what to make of this name following the publication of its full year results today?...
Hello Share Dwellers. At the risk of repeating myself, I’ve long thought our love of pets is a money tree for those in the tame animal industry. One of my favourite pennies Avacta (AVCT) is a case in point, though its share price doggedly fails to take off and it’s also involved in human medicine. So let me suggest another company which does treatments for ailing animals...
I think Dechra Pharmaceuticals (DPH) was the first initial public offering I looked at as a junior analyst on a hedge fund many years ago. It was a bit on the small side for us if I recall, but the essential business of specialist veterinary pharmaceutical products seemed quite sensible to me. After all we love animals almost more than anything else, right?
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