International Biotech Trust (IBT)

Sector:

Investment Firms

Index:

FTSE Small Cap

 620.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 670.00
  • 52 Week Low: 544.00
  • Currency: UK Pounds
  • Shares Issued: 38.56m
  • Volume: 29,836
  • Market Cap: £239.06m
  • RiskGrade: 83
  • Beta: 0.93

Friday tips round-up: Misys, UK Mail, Intercede

Date: Friday 09 Apr 2010

LONDON (ShareCast) - Misys is in good health but the Independent says it has had a very good run from these shares and anyone who got in below 129.5p could happily take profits. However, that would miss out on a banking recovery, which will happen before too long, so hold.

UK Mail has a low-cost network, growing market share — and, aside from its push into packets, other initiatives such as retail logistics and “imail” (a hybrid between e-mail and letters) through which it should be able to increase sales. It also has forecast net cash of £15 million, raising the prospect of a rise in its already-generous dividend payout — which currently provides a 5.1 per cent yield. At 333½p, up 15p, or 14 times earnings, hold on, says the Times.

Shares in Intercede fell when the company, which makes software that dovetails with identity card systems, said its pre-exceptional operating profits for the full year would miss market expectations. Time to sell, then? Maybe not. At 10.1 times FinnCap's full-year forecasts, it is not at all pricey so the Independent is happy to keep buying.

Yesterday’s first-half figures show IBT continues to deliver increases in net asset value (NAV) — up 8 per cent to 164p in the six months to March 31. Helped by clarity over US healthcare reforms, and a Japanese hostile bid for OSI, one of its holdings, NAV has since risen further — to 178p.

The case from here is that half a dozen of IBT’s big American stocks, such as Celgene and Vertex, will report important trial results in 2010. Meanwhile, its unquoted portfolio is now of a sufficient maturity to start providing an exit. Above all, American biotech stocks, at 14 times earnings, remain inexpensive — even more so given that, at 139¾p, IBT sits at a 22 per cent discount to NAV, and will benefit from sterling weakness. Buy, says the Times.

At 150½p, up 2p, Alternative Networks shares have outperformed the FTSE all-share index by 13 per cent over the past three months. However, at nine times FinnCap’s current-year forecasts, and providing a dividend yield of 5.7 per cent, they are not stretched. Buy, says the Times.


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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

IBT Market Data

Currency UK Pounds
Share Price 620.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 670.00
52 Week Low 544.00
Volume 29,836
Shares Issued 38.56m
Market Cap £239.06m
Beta 0.93
RiskGrade 83

IBT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
3.5% below the market average3.5% below the market average3.5% below the market average3.5% below the market average3.5% below the market average
1.79% below the sector average1.79% below the sector average1.79% below the sector average1.79% below the sector average1.79% below the sector average
Price Trend
41.42% above the market average41.42% above the market average41.42% above the market average41.42% above the market average41.42% above the market average
15.05% above the sector average15.05% above the sector average15.05% above the sector average15.05% above the sector average15.05% above the sector average
Income
33% below the market average33% below the market average33% below the market average33% below the market average33% below the market average
77.34% below the sector average77.34% below the sector average77.34% below the sector average77.34% below the sector average77.34% below the sector average
Growth
29.70% above the market average29.70% above the market average29.70% above the market average29.70% above the market average29.70% above the market average
25.44% above the sector average25.44% above the sector average25.44% above the sector average25.44% above the sector average25.44% above the sector average

IBT Dividends

  Latest Previous
  Final Interim
Ex-Div 18-Jul-19 20-Dec-18
Paid 30-Aug-19 31-Jan-19
Amount 14.00p 14.00p

Trades for 18-Nov-2019

Time Volume / Share Price
16:35 64 @ 620.00p
16:06 230 @ 618.90p
15:56 450 @ 619.80p
15:29 3,861 @ 620.90p
15:18 10 @ 620.90p

IBT Key Personnel

Chair John Aston

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