partridge
- 05 Mar 2015 12:12
See in today's press that McDonalds is to stop purchases of USA chicken injected with antibiotics. ANP produces and distributes natural feed additives for mainly pigs and poultry to 71 countries - most important markets are Brazil, China and the USA. Solid results for 2014 yesterday showed 18% rise in underlying eps and good momentum from recently established US subsidiary. No debt and cash £6.6M at year end. Dividend increase 29% gives yield about 1.5%. ANP still very small, with annual sales just over £26M, so under the radar for many. Market cap £58M suggests not cheap on fundamentals, but Novartis recently sold its (very much larger) animal health division for around 4x annual revenues. Those with a longer term view might want to take a look. I have held for a couple of years and pleased with progress, but always dyor.
partridge
- 02 Feb 2017 18:56
- 10 of 17
Fairly uninspiring year end trading update, but second half trading an improvement on the first. We wait to see the level of investment made/cash spent in moving to direct selling in certain key markets -results 8th March. Still a very slow burner, patience needed! Always dyor.
partridge
- 03 Feb 2017 14:36
- 11 of 17
Did not have to wait long for more news - acquired Australian distributorship in announcement today.
partridge
- 23 Feb 2017 16:29
- 12 of 17
Rather odd RNS to say that cash balance at 31st Dec was £700K higher than the £10.4M notified in Feb trading update. Not sure whether that is good or bad news, but with half year end cash £10.9M and sales higher in second half, which in nrmal circumstances would mean higher working capital need, increase in cash looks encouraging for results due 8th March. Always dyor.
partridge
- 08 Mar 2017 16:18
- 13 of 17
No great surprises in the results. Exceptional costs reduced profit from 2015, but encouraging signs particularly in growth of US sales, albeit from a low base and gross margin benefiting from factory improvements. A small company with global reach and it will continue to be slow process, but prudent finances and gradual market recognition of the products persuade me to keep mine. Always dyor.
Socrates
- 11 Oct 2017 14:15
- 14 of 17
Recent rises have put me back into the black with ANP. That, with good dividends, makes this a decent little earner.
partridge
- 12 Oct 2017 18:35
- 15 of 17
There was a confident tone at the AGM in June, reflected in September interims and steady share price appreciation of late. Not likley to set the world alight, but imo a good one for the bottom drawer, which might give a nice surprise in a couple of years or so, but always dyor
partridge
- 24 Jan 2018 10:40
- 16 of 17
Nice move up today ahead of year end trading update. A very good, steady performer over a number of years - who needs to go chasing rainbows? Thank goodness for ISAs. Always dyor
partridge
- 29 Jun 2018 14:07
- 17 of 17
Bouncing back today after AGM trading statement first thing yesterday not well received. Could be some like me who added this morning after attending the AGM. Impressive management team presentations at that AGM and whilst there are certainly some (hopefully short term) difficulties in markets like Brazil and Argentina, the growth story looks intact and prospects imo still good for the medium term. Always dyor