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If the price drops below 250 I'll think about buying some more.
Hopefully prices will now start to stabilise a bit.
Shares in infection prevention specialist Tristel (TSTL) surged this week, as strong first half trading and another bullish outlook reminded investors that at least one Aim-listed company is benefiting from the ascent of viral threats to the top of the global risk agenda.
TSTL:LSE
Tristel PLC
1mth
Today change
1.10%
Price (GBP)
460.00
The group has been careful not to overplay its exposure to Covid-19. Instead, management used half-year figures to suggest the virus “will be a powerful influence on global healthcare systems for greater investment in infection prevention and control”.
Nonetheless, fast-tracked orders from the Chinese military and stockpiling by UK hospitals suggest 2020 will build on a strong six months to December, when overseas sales jumped 30 per cent, pre-tax profit rose a quarter, and the gross margin ticked up to 79 per cent. Domestic sales were also robust, thanks to increased use of diagnostic tools in secondary care facilities and revamped infection control procedures.
House broker Finncap left its adjusted earnings forecasts unchanged at 11.7p per share for the year to June 2020, and 12.5p in FY2021.
IC View
Finncap also sees a free cash flow yield of 3.5 per cent for FY2021 as fair value for the stock. That’s a chunky 120 basis points below the median market yield. The shares have re-rated since our original tip (73.5p, 23 Apr 2015), but forecasts look light, the US remains an enormous prospect, and we still think pharma groups would pay up for Tristel’s unrivalled proprietary technology. Buy at 441p.
Last IC View: Buy, 304p, 17 Oct 2019
Me too, sold a portion a few days ago in the hope of getting back in lower, lower than the current price.
Here it is Jatw,
https://www.investegate.co.uk/hutchison-china-medi--hcm-/rns/phase-ii-savolitinib---imfinzi--combination-data/202002100700084568C/
Price up by 25 pence this morning.
Tipped to be a 10 bagger in last week's Money Week magazine. Will post more details when I have time.
I've sat tight in the pull back, expect to hold these for some time yet.
I never take much notice of Liberum's, they're always on the optimistic side in my experience.
tipranks target equates to about £7.00 a share. I expect there'll be some lag at the moment due to concerns surrounding the virus in China.
davey, hopefully it will have a postive impact on the share price. I was encouraged by the increase from last October.
at 460 pence, obviously the article was written a few days ago.
davey, hope you're happier this morning!
I thought this was going to go boom soon - according to one of the most regular posers here.
Only lost £75k if you sold out. You'd lost significantly more when the price recently dropped to less than £30K. Every cloud........provides you with a buying opportunity. I much prefer cloudless days as I have more than enough invested here.
A putchase of over 74,000 shares = just over £2million has gone through this morning. Hopefully good news on the horizon.
The day I decide to sell the price jumps. Doh! Anyway, it had gone through my stop loss and I made a good profit. Plenty more fish in the sea.
http://www.casinoscamreport.com/2014/03/23/industry-news-articles-rewrite/