Hikma Pharmaceuticals

Bought – Hikma Pharmaceuticals (HIK)

Just bought Hikma Pharmaceuticals!

Ticker code is HIK

Hikma is a multinational drugs company they supply develop and manufacture both branded and unbranded drugs worldwide they started lifeĀ in Jordan.

From what I have read they still have growth potential to come and here is a thing that shows promise also, have a look at the following website…

http://www.stockchallenge.co.uk/ftse.php

This shows all the companies ranked in order of their market cap – from this you can see that HIK is about to be moved up into the FTSE 100 this usually means that more funds etc buy in so should add support to the price (Hikma is above the automatic entry to FTSE 100 point at the time of writing) maybe by the time you are reading this it will be long established in the FTSE 100!

I first bought these back in November for another fund that I manage at around 1890 and now they are 2350 and still going

The Financials…

Listed on the FTSE 250

Market Cap 4681m GBP

Current Year Profit before tax ( For half year) 219m USD versus last full year PBT of 298m.

Net Debt was 175m USD at last report (so happy that this is less than 1 years profit)

Dividends rising.

Ratio of Market Cap to PBT is 13.5

Last results commented that revenue guidance was for 7% Growth

Next results are due on the 11th of March 2015

I notice that the last Directors Deal was a SELL of 155724 shares which left them with still over 11 million shares so I wouldn’t find that very worrying.

Any Concerns?

Possibility of Law suits but this is overridden in my view by the fact that it could well be promoted to the FTSE 100 as I mentioned Earlier.

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Trade Summary

Buy Price: 362p

Target Price: 500p

Stop Loss: 318p

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Investor John

Investing as a Private investor John has shown success over the last 15 years with a straight forward common sense approach to investing - He can help you to learn and will gladly share his knowledge to get you started.

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