10/05/2006
A £0.9 million profit compared with a £0.2 million loss before, a continuing flow of acquisitions and news that organic growth is accelerating – all amount to a positive update from contract research business Premier Research. Tipped in December last year at 54.5p, the shares are currently 97.5p.
Premier says the outsourcing market continues to be ‘buoyant’. The order flow is strong and the acquisitions have improved Premier’s chances of competing for multinational projects from Big Pharma. The only fly in the ointment is the sudden departure of one of the firm’s founders, Tim Carden. That could result in some shares coming out in the market. But Premier remains a firm hold, nonetheless.
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