Abcam Share Discussion Threads

[richscotsman] 05/7/2011 22:05

Hey Billy

Well, I feel like a fool for my previous 'advice'... you live and learn and maybe it'll come right.

Back on topic, could not find a date on the website - it is normally late summer.

One of the lessons that I have learnt is that 'trend is your friend'. I am hopeful for a decent set of results and c£33.8m net profit but I also see this as at the top of a rising share price channel. If I were buying just now I would hope for 20-30p lower to get in before results but I would not take my advice tbh!

A great stock with a share price chart worth printing and framing.

Rich

[billy ray] 05/7/2011 18:43

Hi Rich,
Yep, looks like SEA has become a "long-term hold", had a feeling in my water it was all just too good to be true! But still intigued by the company's prospects going forward so happy to wait things out, we shall see....
ABC just keeps rising though, nice new highs this week, I love it's chart! Last year's trading statement was 15th July, so am assuming we'll get an update next week, or the week after?

[4wingrove] 04/7/2011 22:44

The LSE show that trade as being cancelled some d.......d newbie put too many noughts on his trade

[4wingrove] 04/7/2011 22:34

I am a bit dubious about that sale ay 457p!! was it a sale so close to bid do any directors hold that many shares

[snowy68] 04/7/2011 22:22

Have been keeping an eye on this for a while but missed the rise over the last few days, then see a sale of 5,000,000 at today's close! Possibly a director's or II's sale ahead of the year-end trading update?

Anyone with other ideas?

[richscotsman] 04/7/2011 19:53

Good post Billy - Mr Milner certainly does not seem to have his tail between his legs which bodes well for the results this summer.

Also relevant looking forward is the exchange rate situation, if the currency traders are right then we might be enjoying a weak sterling for a while yet:



Rich

(P.S. too bad on SEA - ouch, was a kick in the shins for me, at least ABC is looking solid)

[billy ray] 01/7/2011 14:59

Nice article, sounds like more growth to come??:


Good rise today, although volumes not that impressive so far. Will be interesting to see if we can break through resistance at 436ish... then onwards and upwards (hopefully!).
Cheers

[cambium] 01/7/2011 13:00

Wassup here then!

[billy ray] 26/5/2011 16:55

Rich

Definitely not complaining about a 6.5% rise in ABC today, whatever the reason! Very happy to keep holding this one. Particularly keen to watch what happens with Abcam's exposure to China over the coming months/years.

Don't have too much cash in SEA, but enough to make a difference if the sale of SERL achieves what it's rumoured to (hoping to top-slice on the news and have a free ride on Sea Marine). Did a bit of research on it last year after your tip, and it was easy to get up to speed using the great thread Reesyheli has set up. Been reading a few of your posts and it sounds like you have a decent-sized investment in it, so you may be living up to your name sooner rather than later.. let's hope so!

Cheers again

[billy ray] 26/5/2011 14:08

Actually just had a closer look at today's trades, looks like a few big SELLS. One sell this morning was for nearly £5.5M! Slightly confused, therefore, by the rising SP, any thoughts?

[billy ray] 26/5/2011 13:47

richscotsman,
Remember you tipping SEA here last year, and I remember thinking it was a bit too risky for me and so not buying (...D'oh!!). Anyway, kept it vaguely on my radar and eventually bought in last week at 53p (after noticing the share price rise). Still reckon that's a bargain! So wanted to say thanks for the heads up, interesting few weeks ahead.
Still holding ABC too, high valuations a slight concern but I like the company so have no plans to sell just yet. As you say, ABC board tend to be cautious in their outlook but, so far, have consistently out-performed so hope this may continue. Chart looking good, with nice steady rise this year (with spike around the interims), and nice rise today on high vol (>1.8m so far)... any specific reasons for today's surge?
Anyway, cheers again for the tip on SEA, much appreciated, and next time I'll pay more attention to what you say ;-)
Cheers

[richscotsman] 24/5/2011 13:57

Apad

Good to know that at least someone is looking at the board!

With the greatest respect to the analysts that cover ABC they have consistently 'misunderestimated'in the past.

edit - I should back up what I say, google 'abcam beats forecasts' and you get 11,400 results.


Rich

P.S. I tipped SEA here last year at about 20p - now over 60p and rising fast - they are selling an asset worth c£200m in a couple of weeks time (RNS stating early June) - price tbc but 19 bidders and a consortium of 4 big utilities at PB. Market cap is only £43m.... a wonderful one way bet if you need another good stock for your portfolio...

[apad] 24/5/2011 13:48

Thanks for the weather-eye rich... here there be lurkers.

I bought ABC on the rebound when my lovely BII was bought out by management types.

Still a touch worried about the high valuation - price to cash flow about 35 last time I looked!

Analyst forecast EPS not that high.

apad

[richscotsman] 24/5/2011 12:00

Okay, seeing as everyone seems half asleep on this board... this mornings RNS for anyone that missed it. Now I happen to think that this is a great little buy on the basis that before you even start to think about the broader strategic benefits and the increased access to customer bases the quickest and easiest calculation suggests that Abcam have increased their turnover by 1.8% per year for the equivalent cost of 0.5% of the Mkt Cap. The likelyhood is that the benefits will be far greater imho.

Rich

ABCAM PLC

("Abcam" or "the Company")



Acquisition of Protein Research Tools Business in Oregon, USA



Abcam plc, a global leader in the supply of protein research and detection tools, is pleased to announce that it has completed the acquisition of the entire issued share capital of MitoSciences Inc. a leading provider of mitochondrial research tools based in the USA.



The total consideration for MitoSciences Inc., a privately held company, is US$6.0 million (£3.7 million), which is being settled by way of a cash consideration of US$4.2 million (£2.6 million) and US$1.8 million (£1.1 million) of Abcam shares issued at 397.1p being the rolling five day average price terminating three days prior to completion.



Headquartered in Eugene, Oregon, MitoSciences Inc. began operations seven years ago and currently employs 24 staff. With a catalogue of more than 200 products, it is recognised as one of the leading providers of mitochondrial research tools focusing on areas of metabolism and apoptosis.



MitoSciences Inc. has a proven product development capability and an exciting pipeline of new products. In the year ended 31 December 2010, it had product revenues of US$2.1 million (£1.3 million), the majority of which came from customers based in the USA, and net assets of US$0.6 million (£0.4 million).



The acquisition of MitoSciences Inc. supports Abcam's strategy of becoming the global leader in protein research and detection and will serve to enhance the exceptional range of protein research tools available to new and existing customers. The combined entity will be the market leader in mitochondrial research and will extend Abcam's manufacturing and product development capability, particularly in the exciting area of assay development.



Commenting on today's announcement Jonathan Milner, Chief Executive Officer, said:



"We are delighted to strengthen our business in this exciting research area and look forward to welcoming the employees of MitoSciences Inc. into the Abcam team. This kind of acquisition adds value for our business and customers, and we will continue to appraise new acquisition opportunities as they arise."



For further information please contact:

[richscotsman] 12/5/2011 15:55

For me this is yet another example of the high quality mgmt at ABC. No sign of them resting on their laurels I would say.

[megsta] 10/5/2011 12:22

another try to break £4

[cambium] 20/4/2011 15:05

All listed here




An interim dividend of 1.45p per [post split 0.2p] share for the half-year ending 31-Dec-10 will be paid on 15-Apr-11 to those on the register at close of business on 18-Mar-11.

[megsta] 20/4/2011 12:32

When is x-div date?

Has opened higher than previous days close everyday for last week.

[cambium] 20/4/2011 11:48

Big push for the £4

[richscotsman] 14/4/2011 13:25

4wingrove - it depends on how many you hold ;-)

[toonces] 13/4/2011 19:58

thanks quickmind.

[quickmind] 13/4/2011 19:45

My post #306 refers to an early query (post #304). I doubt that the divident payment has anything to do with share price movement.

[4wingrove] 13/4/2011 15:02

The dividend yiels is negligible. Great share though