Naked Trader today26 Apr 2018 18:16
I've been in Alliance Pharma (APH) for some time. It's one of those
shares no-one notices, it just very gradually rise a half pee there a
penny here.
All the little rises gives me profits for the website now of nearly �20,000
and a lot more personally.
The big money I've made has been mostly patience to hold on to good ones,
sometimes for years and keep adding as they go up.
Anyhow I bought another lot! Recent results looked good. Its net
debt, though high is within my perameters and is coming down despite
�16m spent on acquisitions. Profit is up 28pc and dividend 10pc.
Good performances from its brands and the Sinclair products have
integrated well.
It expects to keep growing organically and with more acquisitions. Looks
well-run. Downside?
Well it is a drugs company which always adds risk. I would
like the end of the story to be a continued slow rise to a quid then someone
to take it out at 150p. That's my plan!