Additional Information
Market: LSE
Sector: Pharmaceuticals & Biotechnology
EPIC: ATD
Latest Price: 1.75p  (-6.91% Descending)
52-week High: 13.50p
52-week Low: 1.25p
Market Cap: 2.07M
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Asterand plc is the leading global supplier of high quality, well characterized human tissue and human tissue-based research services to drug discovery scientists. Our mission is to provide human tissues and services to accelerate the identification and validation of drug targets and enhance the selection of drug candidates with an increased likelihood of clinical success.

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Asterand added to Daniel Stewart’s Top Picks portfolio

20th Mar 2009, 2:43 pm Asterand added to Daniel Stewart’s Top Picks portfolio

Asterand PLC has been added to Daniel Stewart & Co’s Top Picks portfolio in a reload that saw six stocks added and eight removed, with the new portfolio comprising 11 stocks.


The investment bank and broker with a focus on small and mid-size companies introduced the Top Picks stock selection in October 2008 as a defensive portfolio selected from within its sector specialisation.


Immunodiagnostic (LSE: IDH) and Tristel (LSE: TSTL) have exited the Healthcare group and have been replaced by Asterand (LSE: ATD) and Epistem (LSE: EHP).  Daniel Stewart said it is recommending human tissue and associated research services provider Asterand and preclinical studies specialist Epistem because the current state of the drug development industry is creating new market opportunities for specialist providers such as these two.


In the Financials segment of the Top Picks list, Daniel Stewart replaced Albemarle & Bond (LSE: ABM), Begbies Traynor (LSE: BEG) and Tenon (LSE: TNO) with Prodesse (LSE: PRD); H&T Group (LSE: HAT) and Vantis (LSE: VTS) were retained. The bank believes Prodesse with its exceptional yield and its focus on AAA-rated mortgage-backed securities issued by the US Government Sponsored Enterprises represents a highly attractive opportunity for income hungry investors, in a market where dividends are being routinely cut.


In Leisure, Playtech (LSE: PTEC) has replaced Neteller, now called Neovia (LSE: NEO), and SportingBet (LSE: SBT) was retained.


Both Sportingbet and Playtech trade at a discount to the sector, have net cash positions and benefit from leading positions in their respective markets, European sports book and gaming software respectively, it said.


In Support Services, Melorio (LSE: MLO) has replaced Nationwide Accident Repair Services (LSE: NARS) while Healthcare Locums (LSE: HLO) was retained. Daniel Stewart believes both Melorio and Healthcare Locums are trading way below their true value and offer substantial upside to its respective target prices.


In Telecoms, Media and Technology, System C Healthcare (LSE: SYS) replaced Earthport (LSE: EPO), and RM PLC (LSE: RM) was retained.


All ratings in the Oil & Gas sector are currently suspended.

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