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.....what are you doing on this board you interloper, this board belongs to Pete so he can argue with himself!! lol
It’s ken here lol
just found this but not a member......
Just tipped here -Top picks for 2017 - HTtp://www.stockopedia.com/content/new-year-naps-top-stocks-for-2017-and-how-to-play-the-joker-164443/?utm_source=Stockopedia+Subscribers&utm_campaign=0507fab9c0-Newsletter_5_January_2017_Members&utm_medium=email&utm_term=0_daf28b1d4d-0507fab9c0-41204145
CTH caretech holdings, breaks out again on HUGE VOLUME. Dont know whats going on here but its earned me a few bob.
<b><u>CareTech : To Make Major Investments After Profit More Than Doubles</b></u>
12/08/2016 | 08:00am GMT
LONDON (Alliance News) - Social care service provider CareTech Holdings PLC on Thursday said it has increased its dividend by more than 10% after more than doubling its profit in the last financial year following a spike in revenue.
CareTech said revenue in the year to the end of March soared to GBP149.0 million from GBP124.3 million in the previous year, leading to a lift in gross profit to GBP54.3 million from GBP47.7 million.
Combined with a reduction in administrative costs, that resulted in a rise in operating profit to GBP30.5 million from GBP17.8 million.
Pretax profit for the full year amounted to GBP22.5 million, 2.4 times higher than the GBP9.4 million reported last year. On an underlying basis that excludes one-off items, pretax profit in the year rose to GBP26.1 million from GBP22.0 million.
The dividend for the year has been increased by just over 10% to 9.25 pence from the 8.40 pence payout a year ago. The final dividend was raised by 12% from the prior year.
"With the money raised from shareholders last year, from the [GBP30.0 million] ground rent transaction this year and our own free cash flow generated from the business, we have major investment plans for 2017 and beyond with key new organic developments and bolt-on acquisitions," said Executive Chairman Farouq Sheikh.
"Importantly, we have also, and continue to, further strengthen our management team, offering a forceful blend of experience, commercial wisdom and dedication to care. I have no doubt that the next few years will see continuing growth and care excellence which will help deliver our target of double digit growth in underlying earnings per share," he added.
Copyright 2016 Alliance News Limited. All Rights Reserved. , source Alliance News
CTH Caretech........... Profits Double. Trades on a forward P/E of just 12.9.
Logo CareTech Holdings plcProvides individual support and mental health services to physical disabled adults and children
CareTech Holdings Plc provides individual support and mental health services to physical disabled adults and children.
It operates through the Adult services and Children Services.
The Adult Services segment consists of the adult learning disabilities and mental health divisions.
The Children Services segment covers young people residential services, foster care, as well as learning services.
The company was founded by Farouq Sheikh and Haroon Sheikh in 1993 and is headquartered in Potters Bar, the United Kingdom.
Number of employees : 3 436 persons.
<b><u>Valuation 2016e 2017e</u></b>
P/E ratio (Price / EPS) 11,2x 12,9x
Capitalization / Revenue 1,27x 1,18x
EV / Revenue 1,62x 1,48x
EV / EBITDA 6,40x 5,86x
Yield (DPS / Price) 3,02% 3,18%
Price to book (Price / BVPS) 1,24x 1,17x
Such a quiet board. Excellent company, building a small stake. Anybody out there?
new acquisition made by CTH
December 11, 2015 5:44 pm
Buy: CareTech (CTH)
The shares are up on our longstanding buy tip, but still trade on just seven times forward earnings, and come with a decent dividend yield, writes Harriet Russell.
mentioned by IC Investors Chronicle Simon Thompson today
under radar stock, looks very interesting
Slight pause when it went ex dividend but going up again past placing price
Details of proposed £21 million placing @ 210p
Bb quiet not in yet but love what I'm reading in this company divi also good better than barc I'll look in January to plunge in
For anyone interested (that's not many people looking at the activity on this bb!!!), the next dividend of 4.68pps is payable on 11 April 2014. The ex-dividend date is 12 March 2014.
CareTech, the AIM-listed social care services firm, is hoping to save substantial costs in rental charges after the acquisition of two property portfolios.
The company said on Wednesday that it has bought the freeholds of the portfolios, comprising 29 properties in total, for £38m.
"The board responded swiftly to the opportunity to acquire these key property assets at what it considers to be a compelling valuation," CareTech said.
"It is expected that the transaction will be immediately earnings enhancing and will save the group substantial cost in rental charges over the lifetime of the historic leases."
The company estimates that it will save up to £4.4m in rent in 2014 and more thereafter given that previous rental terms were subject to inflation-based increases.
Given that the majority of the purchase price will be provided by existing and new debt facilities with the group's syndicate of banks, CareTech's net debt following the transaction will be around £169m, up from £133m at the end of the fiscal first half (March 31st).
Chairman Farouq Sheikh said: "We now have much greater flexibility to reconfigure and upgrade the properties in line with our strategy for enhancing fee rates whilst offering the highest quality of care."
big trades incoming.....
Caretech: Panmure Gordon keeps buy rating and 230p target.
CareTech has provided a positive trading update for the full year ending September 30th, stating that "trading for the full year will be in line with its expectations".
Consensus estimates for the year ended September 30th are for pre-tax profits of £16.74m on turnover of £116.56m.
Earlier this year the care homes company, with a market cap of approximately £91.2m, successfully refinanced £160m of debt that was due to mature next year. The new facility expires in January 2017 and the average interest rate for the new facility is fixed at 4.5%.
Net debt at the period end was £131.2m (September 30th 2011: £127.3m).
It stated that during the financial year capacity at its homes increased by 110 places to 2,166. Occupancy levels in the mature estate were maintained at 92% and the blended occupancy remains around 86%.
Farouq Sheikh, Executive Chairman commented: "The group has had a strong trading performance and successful refinancing. It is encouraging to see such a high level of commitment from both our existing club of banks and a new club member. This is a testament to the strength of our business and I thank the banks for their support. Recent corporate activity is an indication of increased confidence in the fundamental dynamics of the sector, and in particular the funding environment. I am pleased to see that the new schemes have all opened and in the new financial year look forward to our teams engaging further with commissioners to replicate these successes in other areas."
CareTech plans to announce its preliminary results for the year ended September 30th 2012 on December 6th 2012.
CareTech Holdings, a UK provider of specialist social care services, has successfully completed the refinancing of its banking facilities, which were due to expire in April 2013.
The new facilities total £149.4m, comprising a term loan, a revolving credit facility and an overdraft facility for working capital. The new facilities will be available for four-and-a-half years, expiring in January 2017.
Three banks have opted to continue to offer loan facilities to CareTech and in addition Allied Irish Bank, with whom CareTech has had a long relationship, has rejoined the syndicate of banks.
"After taking account of hedging costs the facilities are at a highly competitive all-in debt service charge of less than 4.5%, which further emphasises the company's strong asset backing and attractiveness to lenders," the firm said.
Caretech, the social care service provider, had risen 0.7% by 09:53 after announcing it has managed to increase capacity by 60 places to a total of 2,116. Occupancy levels have been maintained at approximately 92% in established services, with "largely organic" growth. The firm also says negotiations with local authorities indicate it will not be increasing fees significantly in the new fiscal year.
This share has risen 80% in the last 6 weeks !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Why are there no more bulletins on this bulletin board ??????????????????????????????????????????????
Strategic review update
The board of CareTech, a leading UK provider of specialist social care services, confirms that the strategic review originally announced on 8 July 2011 to assess the most appropriate way to enhance shareholder value is on-going and can confirm that it has not received any approach regarding a possible offer for the Company.
The scope of the strategic review includes the evaluation of the viability of raising additional leverage to finance an offer for the business from CareTech's management and consequently the Company remains in an offer period. Any offer from management will be constrained by the availability of debt finance required to fund the offer.
In accordance with Rule 2.6(c) of the Code, the Caretech Board has been granted an extension by the Takeover Panel to enable it to finalise the strategic review. The new deadline to either announce a firm intention to make an offer for the Company in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer (in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies) is 5.00 p.m. on 14 November 2011. The revised deadline will only be extended with the consent of the Panel in accordance with Rule 2.6(c) of the Code.
This announcement is not an announcement of a firm intention to make an offer under Rule 2.7 of the City Code on Takeovers and Mergers (the "Code") and there can be no certainty that an offer will be made, nor as to the terms on which any offer will be made.
A further announcement will be made in due course.