Good afternoon!I spent yesterday afternoon catching up on the backlog from Friday, and ended up digging into an AIM-listed Barbados hotel chain called Elegant Hotels (LON:EHG) . What an interesting company. I was tempted at one point to buy a few shares in it, but overall was put off by 2 specific factors – click here for that report. It’s one for the watch list anyway, but I’m expecting profit warnings to come in 2017.Bioventix (LON:BVXP)Share price: 1485p (up 2.4% today)No. shares: 5.1mMarket cap: £75.7mResults, y/e 30 Jun 2016 – this is a terrific set of results. The headlines section is most impressive;This company operates in an astonishingly profitable niche, with one of the highest net profit margins we’ll ever see – profit before tax is 76.5% of turnover. I’ve wondered in the past if that would be sustainable, but so far, so good.The barriers to entry seem to be that each new product takes years to develop amp; test. Also, the volumes are possibly too small to attract any serious competitors. Although…
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