High-tech growth stocks often grab most of the headlines. But if you dig deeper, you can find interesting growth opportunities in 'boring' defensive sectors such as food production.
The two companies I'm looking at today are both defensive stocks, but one has risen by 38% over the last year, while the other has notched up a 25% gain. That's not too shabby, given that the FTSE 100 fell by 2.5% over the same period.
Animal feed company Anpario said it had delivered a 'strong' annual revenue and profit performance in line with expectations.
The company's ability to convert profit into cash was demonstrated by a cash balance of £13.6m at year end, compared to £11.1m a year earlier, it said.
'The strategic initiatives of recruiting a new senior management team, both centrally and regionally, and unifying our brands under the Anpario name, are helping to raise the company's profile in key global markets,' the company said.
At 2:37pm: (LON:ANP) Anpario PLC share price was -5p at 488p
Over the past seven years, producer of natural feed additives for animal health and nutrition Anpario (LSE:ANP) has emerged as one of London's top growth stocks. Indeed, since the beginning of 2011, shares in the company have produced a return for investors of 430% as net profit has expanded at a rate of around 10% per annum over the same period.
Software outsourcing firm Escher Group Holdings (LSE:ESCH) has been flying lately, its stock jumping almost 40% in the last four months. However, this follows a bumpy five years and today's share price of 190p is still some way below the 220p it traded at half a decade ago.