Thursday December 5, 2019

Steady UDG gets a clean bill of health

I held my nerve when UDG Healthcare’s share price plummeted, and the recent annual report vindicated my faith, with plenty of cause for medium-term optimism

2nd December, 2018
The annual general meeting of UDG in 2016: members of the board have shown an impressive financial commitment to the company Pic: Fergal Phillips

Until a few months ago, UDG Healthcare was the second-best performing asset in my equity portfolio. In February 2015, I bought the shares at £4.16. They hit a peak at £9.40 in May this year so, notwithstanding the drop in sterling since my purchase, I wasn’t complaining. With a sterling book profit of 125 per cent, the currency loss against the euro was easily absorbed.

However, the recent downward trend in the company’s share price...

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