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Lovely coverage by ST in Investors Chronicle - a BUY target 105p
For the kids sipp. Looking an excellent buy. Hopefully a great long term hold for them.
Lovely RNS - Revenue and profit upgrade - exceed market expectations
FY Revenue to be at least £36.5m
FY EBITDA to be at least £4.9m
Strong performance of SLE since acquisition.
Hold for me, ready for full year trading update, with more details on or around 19th Feb
Target 100p+ with more detail and broker upgrades plus hopefully some coverage in Investors Chronicle etc.
Rich
Excellent update.
Some chunky buys last week amongst the low volume (20k share blocks) - I suspect this is the IIs reinvesting their dividends??
- Useful to soak up sellers happy to take <80p and move share price upwards into 80p's
With the CV19 situation worsening again (unfortunately), I would expect IHC to have a bumper year for sales in 2021
GLA holders Rich
Award Winning/
Inspiration Healthcare Group plc (AIM: IHC), the global medical technology company, is pleased to announce that it has won the AIM Transaction of the Year.
In June 2020, Inspiration Healthcare announced the acquisition of S.L.E. Limited for a consideration of £18.0 million which was raised by way of a Placing and Open Offer to certain institutional and individual investors by Cenkos Securities. S.L.E. is a leader in the design and manufacture of ventilators and capital equipment for neonatal intensive care, treating premature and sick babies. S.L.E.'s products are sold across the world through a distribution network built over many years.
More news/
nspiration Healthcare Group plc (AIM: IHC), the global medical technology company, is pleased to announce that "Project WAVE" has been granted a patent by the European Patent Office and can now be validated in individual countries within the EU.
"Project WAVE" is a novel technology used in a respiratory device for neonatal intensive care which was acquired under licence by Inspiration Healthcare in 2019 from a major US West Coast University. The project has been granted a patent by the US Patent Office which was announced on 25 March 2020.
On 16th November 2020 it was announced that the UK Medicines and Healthcare products Regulatory Agency (MHRA) has cleared project WAVE for clinical testing which is expected to commence in the new year at the Trevor Mann Baby Unit, Brighton & Sussex University Hospital (Royal Sussex).
Neil Campbell, Chief Executive Officer, commented: "As we continue to move forward in the development of Project WAVE this is another milestone passed and one which both protects our IP and the investment we have made to ensure that this technology soon becomes adopted in hospitals, and we remain confident that once this happens, we will begin to see improved medical outcomes using this novel technology."
The company is well-run with a clear strategy to achieve growth. Cash rich, profitable enough to commence a dividend, and market cap only around £50mn. Hopefully they can make well priced acquisitions.
Even though the P/E is around 20, it could easily achieve growth, not just in earnings, but in its earnings multiple.
LSE has an annoying habit of categorising many 'larger' delayed trades as Buy or Sell based on the mid-market spread at the time they are published, when if they were categorised in relation to the mid-market spread at the time of the actual trade it would have been the opposite to that given. Often looks as if the actual time when the delayed trade is notified is geared to that knowledge! Such a trade in IHC was tagged this afternoon as a buy having taken place this morning when if reported then it would have been tagged as a sell..
Don't blame you Rivaldo - trimmed a few myself yesterday
Didn't expect MMs to drop this 8% today - ludicrous, just using global sell off as excuse to offer crazy low bid price.
Anyway, I fully expect a large pool of buyers when ST writes in his Bargain Shares column so all IC readers see, not just those paying extra for the Alpha version.
Rich
I've taken advantage of the Simon Thompson-induced rise to take decent profits and sell out yesterday and today.
This is partly because I needed to top up funds after investing elsewhere (CLX if anyone's interested - see my thread). But also because I'm a little unsure about IHC.
The P/E to Jan' 22 is now around 17, which isn't cheap. The big SLE acquisition is apparently heavily weighted towards IHC's H1, so growth in this current H2 to Jan'21 may look somewhat light. Finally, the pandemic has caused a fall in already declining global birth rates.
GLA - IHC looks a decent company, I'm just not sure that the high P/E is justified by the forward earnings and other factors. Though of course further large acquisitions could change all that!
There's a write up on the ADVFN chat room - basically ST gives IHC a buy with target 105p on FY results due in 2021
I've top sliced a few today, but holding a significant amount still.
Lovely rise today, hope it holds
Rich
I UNDERSTAND IT HAS BEEN TIPPED TODAY BY SIMON THOMPSON OF THE INVESTORS CHRONICLE - surprised he took so long to discover it!
Approaching 200 trades already today.
This is flying. Any news?
Tipped in Daily Mail yesterday
Tipped by Midas Column - This is Money from Daily Mail yesterday
Anyone aware why there has been a flurry of trades this morning?
Hi Hawklord,
The market makers will obviously lift the share price on Monday way above 66p (as suggested by Midas), however IHC shares rose to around 76p ask / 72p bid on 6th October on H1 results, so actually you may still pick up a bargain.
H1 showed revenue up 77% (like for like revenue up 25%
Operating profit up 122% to £1.1m
(before exceptionals including purchase of SLE Ltd and fundraise - op profits were up 277% to £2.1M)
£5m cash
Gross margins up from 46.8% to 51.4%
One off ventilators sold in H1 £2.9m. H2 have sold £4.4m ventilators confirmed
Profit after tax H1 £0.8m, up 95% v last year H1
Maiden dividend launched of 0.2p/share
Profitable company selling medical equipment during pandemic - what's not to like?
Good luck with whatever you decide.
Rich
Hmmmmm interesting.I’ll be watching this on Monday morning but a 6.25% spread is a bit off putting. GLA.
Nice timing on your buy on Friday
Well done!
Rich
Fabulous - its about time IHC got some decent media coverage.
I can't see any of the Daily Mail's loyal readership buying these at 66p though
The MMs will lift the open price massively on Monday morning - they love swinging the price around on here
Rich
Https://www.thisismoney.co.uk/money/investing/article-8850321/MIDAS-SHARE-TIPS-Help-save-babies-Inspiration.html
Conclusion:
"Over the next five to seven years, Campbell is keen to triple sales to at least £100million, drive profits forward and increase dividends. He is resolutely focused on patient care too, doing everything possible to improve the lives of newborn babies and their families.
The company is exploring new products and expects sales to grow rapidly, following the SLE acquisition. Efficiency should be improved too, through economies of scale.
Midas verdict: Campbell has a simple philosophy – that good businesses should be growing, profitable and generating cash. They should then reward the shareholders who took the risk of investing in them. Inspiration ticks all these boxes. It also helps some of the most vulnerable children in the world and has played a key role in combating Covid-19. At 66p, the shares are a buy."
I just added another £4k at just under 68p. No brainer to buy at these price levels.
This is a great little company in a niche position and is growing fast. It is imo "ripe for pluckin". Stay with it.
Hahahahaha less than £30k shares traded in 3 hours (buys and sells) and MMs drop the share price by over 7%
AIM joke time.
BUYING OPPORTUNITY for those who can see beyond the short term madness
Rich
Yes the shake has been a bit extreme now, 64.4p to buy. I suspect some will be buying into that drop...