By Chris Bailey | Monday 14 September 2020
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
I have always been quite impressed by Abcam (ABC), which I described back in April as ‘a thematic growth investment – and not for widows, orphans or neophyte investors – with an earnings multiple of around 30 times and a play on where profitability might be in a few years time off clever science discoveries and processes’. In that article I observed that following the lead of a big institutional investor who negotiated buying a slug of the company at 1100p. Since then the stock has returned to the 1300p+ range and quite rightly so…
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