methilman
14 Jun 2016
Sp The share price is falling to levels where it is almost worth buying for the yield alone.The dividend cover is more than adequate at 3x and the P/E ratio is not unduly stretching.A further 10% fall will see me adding (possibly post Brexit??) at which pooint it will be a dark blue.Mm.
gamesinvestor
19 May 2016
More on Superbugs [link]
gamesinvestor
19 May 2016
Old Article [link] worth a read if you haven't seen it.Games
gamesinvestor
19 May 2016
Superbugs [link] incentives proposed for pharmaceutical companies investing in the fight against anti-biotic use. Farm animals have also been mentioned.This is all music to Anpario's ears.Games -- might increase my holding here
JIGSAW47
18 May 2016
Re: Seeking Alpha I have a large shareholding built up over several years and believe the Company has further upside potential under an experienced, but cautious Chairman and Board. The Company has a good product range in a niche market of growing importance and I expect growth and profits to accelerate and a share price in excess of 300p again within the next few months. The problem is that news flow is sparse in small companies such as this with only one broker following the stock
pharmaspecialist
18 May 2016
Re: Seeking Alpha Yes I would agree Gamesinvestor, Anpario's business would benefit considerably from establishing some decent distributorship and client relationships in some of the larger world markets for its products. Scale is something that would benefit the company greatly. This is why I believe a sale of the business would be a rational next move. If the share price falls much more I suggest this is a likely outcome, although it does of course depend on what management want, as I would not expect a hostile takeover.
Trugthing
17 May 2016
Re: Seeking Alpha I agree Gamesinvestor and have just bought in on this basis. It is difficult to find investable stocks with these fundamentals but Anpario impresses, especially the cash-rich element, (cashflow being the rock on which so many AIM and other businesses founder). I expect to pick up further shares on price dips over the rest of the year to take this up to my maximum level of holding for this type of opportunity.
gamesinvestor
10 May 2016
Re: Seeking Alpha R -- I wouldn't be too worried about the P/E - PEG - such a small company. It's growth is pretty conistent and the key factor here is that it racheted up it's profits higher of late on a smaller revenue increase.Offloading the feed business is the catalyst I think as this was a much lower margin business. Doing this allows Anpario to manage the growth of additives with fewer employees and less handling. Much of their growth can come from big new regions (Brazil; ASIA; USA) so it only really needs to establish some decent distributor/client relationships and it could take off -- it has to deliver of course.You are looking at a relatively low risk here, methinks, as they are cash rich, high return on assets (about 10.7%) -- this figure is obviously below the ROCE, but it gives me a better feeling than just the ROCE which doesn't tell the whole story.If you look at the growth in the profit and dividend over 5 years, it's pretty handsome. Granted it's partly through acquisition :-Pre-tax profit growth = 124% (or 24+% a year)Dividend growth = 129% (25+% a year)All this without taking on debt.Like all AIM stocks, the bid-offer is a wider number, but you are not looking to trade here I assume.If the share price falls here I'll add more -- but on balance it's a quality company so it's a long term hold.Games
Rhigos
10 May 2016
Re: Seeking Alpha hamesinvestor,Following on from Treatt board.I checked out some fundamentals on ANP. Not tempted to buy at the moment. PEG high at 8.2 and yield lowish at 1.94%. ROCE pretty flat around 19% pa, falling SP, large spread on SP, all these suggest low or negative growth without good income compensation. On the plus side progressive dividends well covered x3.2. FCF div cover x2.8. I would wait until SP starts to recover before buying if I were tempted to buy.Business looks solid, little risk of company going under so if already bought I would rate a hold.
gamesinvestor
10 May 2016
Seeking Alpha A report and review of Anpario and an estimate of how it is potentially undervalued.The article does have a lot of grammatical errors, which doesn't inspire confidence, however, it's worth a read :-[link]
Hardboy
09 May 2016
Re: Inspired Magazine Good luck, Games. I know you've spent a long time analysing this baby.My view is that the next 6 -12 months should be critical as their relatively new overseas sales offices show how effective they can be.
gamesinvestor
09 May 2016
Re: Inspired Magazine Poured over the last annual report - reviewed the web site and this Inspired comment and dipped my toe in the water and bought a chunk this morning.Games
Hardboy
09 May 2016
Inspired Magazine Anpario gets a good mention in Inspired magazine, but not a lot of detail is given. Just some tracking device rates it undervalued long term.
methilman
17 Apr 2016
Re: letter from CEO re food for thought. I agree the 6 month interim results should give a pointer as to which direction they are heading. In the meantime the yield is almost 2% and the dividend is well covered. Definitely a hold - I think Friday's recovery shows the sp can only drop so far.Mm.
Hardboy
15 Apr 2016
Re: letter from CEO re food for thought. Well done, Tejo. Many thanks for posting as much as you have. (You'll have to learnt to cut & paste.) It is encouraging that the CEO regards shareholders to personally reply in such detail so quickly. I think the detail is what we summised any way, but it is reassuring to hear it. I think the next 6-12months will be critical as the local sales offices come into their own.
