Eco Animal Health Share Discussion Threads

[maywillow] 01/8/2019 11:35

EAH Peel Hunt Buy 600.00 - Reiterates

[audigger] 17/7/2019 11:45

Well its taking a hit today!

[grupo] 03/7/2019 07:43

EAH Peel Hunt Buy 600.0 Reiterates




CVSG Peel Hunt Buy 775.00 - Reiterates

[topvest] 19/6/2019 12:25

Yes, results OK. Happy to hold. Just making the observation that the directors obviously thought £6 was expensive, given the various sales. Will take a year or two to get back to £6. We are probably stuck more in a £3-5 range for a while, until the normal tailwind of growth in China and elsewhere resumes.

Easy to say with hindsight, but £6 was a sell. Probably about fair value at £4 at the moment.

[waldron] 19/6/2019 10:52

Duncan Ferris
Sharecast News
19 Jun, 2019 10:30
Eco Animal Health profits jump but China sales flat amid swine flu outbreak
pig,swine,pork,bacon,animal, farm

Eco Animal Health Group on Wednesday reported double-digit annual profit and revenue growth, but said the outbreak of African Swine Fever (ASF) in China and trade conflict between the Washington and Beijing kept a lid on growth.
ECO Animal Health Group
3.72
19/06/1911:06:03
8.14%
0.20
FTSE AIM All-Share
934.84
09:50 19/06/19
-0.35%
-3.25
FTSE AIM 100
4,885.08
09:50 19/06/19
-0.51%
-24.96

The animal-focused pharmaceuticals company returned a profit before tax of £15.2m for the year ended 31 March, for an increase of 10% when compared to the year before, with revenue coming in 11% higher at £74.6m as the company generated sales in more than seventy countries.

Sales were flat in China as the nation lost an estimated 200m pigs, or 30% of its swine production, to ASF, leading the AIM traded company to shift its focus in the country to include poultry from being almost exclusively directed at the pig sector.

Worldwide sales of pig and poultry disease treatment Aivlosin increased by 14% and accounted for 78% of total revenue, while sales of the smaller Ecomectin anti-parasitic range dropped by 7% amid European manufacturing issues and altered distribution purchasing patterns.

Sales of all other products rose by 6% after being driven by increased sales in Mexico, while strong overall sales growth was evident in North America, Latin America, Thailand and India.

Marc Loomes, chief executive of Eco, said: "These are credible results for a year that was adversely depressed by both ASF and a trade war between the USA and China, our two largest markets. We are confident that our accelerated development programmes in vaccines and other products will add long term growth. For the year ahead we expect to report continued growth and to perform in line with the board’s expectations."

Eco Animal Health Group's shares were up 5.97% at 373.00p at 0938 BST.

[audigger] 19/6/2019 08:38

I was expecting worse. This shows a degree of resilience to some significant challenge.

[topvest] 19/6/2019 08:31

Share price up a tad, so results seem to be slightly better than expected. Below original market consensus of 20.3p though. Standing back from it, EAH seem to have lost a couple of years in terms of profitability growth. 20p EPS not achieved last year or the year before. Maybe 2019/20 then. That's the reason why the share price has declined, and why the main insiders sold a few years back in volume.

[the grumpy old men] 19/6/2019 08:25

EAH Peel Hunt Buy 600.00 Reiterates

[cerrito] 19/6/2019 08:17

I share your sentiment battlebus2.
I see they had a stronger H2 than H1 with sales up from £32m to £43m in H2 and adjusted ebitda up from £8.6m to £11.4m but will need to do more analysis before drawing up a firm conclusion.
Sales to China and Japan up from £27.6m to £28.2m but they did not give us a geographical breakdown for H1 so we are not told exactly how H2 China sales fared.
I see in note 10 a big increase in RMB receivables but I assume that reflects a change in policy in currency invoicing.

[battlebus2] 19/6/2019 08:02

Thought they were better than I’d hoped for.

[topvest] 19/6/2019 07:52

Results a tad disappointing for the second year in a row. As ever, it appears that the market was aware of this in advance. Oh well, still a growth company. Will continue to hold for a better year. Hopefully, they will out-perform again soon.

[cerrito] 31/5/2019 17:27

You are correct spooky that directors have over the last year sold the shares they have been granted in options but not in my view of a scale to depress the price.
It may well be that they have family financial commitments
The reason I am not buying more is I do not know the impact that ASF has on their business.
No doubt they are enjoying the current exchange rate

[spooky] 28/5/2019 20:35

Directors have been falling over themselves to sell stock for the last three years, might be worth waiting until that shows some signs of changing IMO.

[grupo] 27/5/2019 07:28

Eco Animal Health Group PLC EAH Peel Hunt Buy 370.00 370.00 725.00 - Reiterates

NO CHANGE STILL APEELING

SUCH CONFIDENCE

[topvest] 23/5/2019 18:24

Chill..it will no doubt bounce when it’s ready.

[cerrito] 23/5/2019 13:57

I am assuming this drop is due to African Swine Fever, but who knows

[audigger] 21/5/2019 10:08

It continues. And interims are some way off so a while until we get a financial update. Some director buys at these bargain prices would be most welcome!

[audigger] 14/5/2019 12:28

Another pull back; its the only red on my screen today!

[aimingupward2] 02/5/2019 08:29

Reassuring that Peel Hunt reiterate their target price of 725p.

[the grumpy old men] 02/5/2019 08:21

Peel Hunt Buy 725.00 - Reiterates

[waldron] 01/5/2019 11:56

cheers fella

rzbrdbe
1 May '19 - 11:10 - 1015 of 1015
0 0 0


is a good summary of what might be going on in China

[rzbrdbe] 01/5/2019 11:10

hxxps://www.proag.com/news/african-swine-fever-opportunities-and-concerns/

is a good summary of what might be going on in China