Animal feed additives manufacturer Anpario (ANP) has announced its results for the first half of 2024 and a “strong start to the second half of the year with an acceleration in sales and volume growth. Recovery in volumes expected to continue in H2 which should lead to further improvement in profitability”. How good is the detail with the shares now up to 312.5p in response?
Natural animal feed additives company Anpario (ANP) has issued an AGM update including that it “has delivered a strong sales performance and a corresponding improvement in profit in the first half of the year” and that it is confident of achieving full-year expectations. How good is this news with a current around 300p share price?
Recently Anpario (ANP) stated that it was “pleased to announce its full year results for the twelve months to 31 December 2023”. The results actually included lower earnings, revenue and cash but also signs of recovery which don’t look reflected in the current share price.
Previously writing on manufacturer of natural sustainable animal feed additives Anpario (ANP), in June with the shares down to 530p I concluded at least without a clearly improved outlook, Avoid. The shares last closed at 310p and are currently materially further lower today on the back of stated “pleased to announce” results for the 2022 calendar year!?
Manufacturer of natural sustainable animal feed additives Anpario (ANP) has made an AGM statement including arguing a “good” sales performance and noting sales price increases, overheads being closely managed and that it is excited by the potential of both existing and new products, along with that a “broad range of products, geographic diversity and strong financial position makes for a robust business and gives us confidence in our ability to navigate the current uncertainties and continue with the profitable development of the company”. So why a current more than 10% lower share price response to 530p?...



