Writing on the wall3 Apr 2018 16:50
This company has no long term future. Dividends peanuts, same as day to day trades. It can only fail in the mid to long term as it continues to garner bad publicity with poor regulatory compliance and poor quality provision of its stated services. CEO states long term growth objectives hinged on higher fee structures for higher severity cases but this causes even greater operating problems than they currently have due to inadequate and poorly trained staff. They cannot hire or retain enough staff. In a business that cannot operate without staff this is a no win situation. Investigations by the quality care commission and ofsted are increasing since itv programme with increased whistleblowing activity of poor practice meaning more facilities being judged as needing improvement or being closed. Overall quality is reflected in loss and lowered share price.