Directors Deals 

Alliance Pharma founder sells down

Alliance Pharma founder sells down

When we last wrote about Alliance Pharma (APH), the shares had enjoyed a good run. But the stock, now trading at 63.6p, has actually lost around close to 38 per cent of its value since a mid-June 12-month peak of 102p. That could be due to a host of regulatory and accounting changes which will lead to – in broker Numis’s words – “a step-up in its cost base by £0.7m to comply with these new regimes”. It doesn’t sound like much at face value, but it forced analysts to lower FY2019 adjusted pre-tax profit forecasts by 4 per cent and by 2.6 per cent in FY2020.

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