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Winning lots of contracts and signing deals. I would like to think this will impact circle at some point due to people they speak with and opps that come along?
the spread in this share is changing again and widening quite somewheat. it seems this share continues to trade more so in the background rather than standard. not sure what this will mean, we shall see, update will come towards end of september so some time to go yet, i half however would expect an above forecast RNS at some point, i believe similar, big strives will have been made this year as last.
If this company can break even without raising more cash then the sp will increase significantly. It seems investors are being courted for circle Manchester and any big development, I wonder whether all holders would be asked, I think not. However three or four more contracts and this business will double turnover, break even and become very attractive. A potential huge business like private sector businesses running prisons.
On the move again, steady as she goes, better than spiking and retracing.
This is a good, solid set of RNS. Great theme of building the business for the future and people and NHS trusts having confidence in them. As I stated with some of the Hitchingbrooke quotes, once NHS trusts understand circle and have budgets to achieve then they will be asked to tenure. I also believe the government will encourage tendering more once there are aware of some results, this is easy savings for them and a better NHS because of the way it's being done. Integrating services, one supplier, one contract vendure all make great sense, a potential long term gold mine. I swapped £5k of Barclays this morning for circle, hopefully a good decision going forward!
here today - well done all holders! Nice big chunky buy today - someone's been stocking up over the last week or so, in multiples of 10k quid... Mmmmm... (sorry, no pound sign on keyboard, American...).
i have never known or seen this before where the SP is going up and there is no change. its increased a few points this morning but still no change, spread changes and then SP.
About to tick upwards again:)
please explain, just took some barclays and paid high for circle, 29 pence, with high spread which i now see has got even worse. assume therefore not too many shares about but the brokers are trying to still get them cheap and sell higher. interesting, if this company needs more cash it will impact. however of the £30 million at the beginning of the year is still balancing the books and based against progression to date it should be then no cash raising until at least next year.
She's climbing:)
i think this business will become under valued soon once current position is known. their big challenge will be to maintain their standards as they grow but there seems to be a reciepe of success here. great RNS, the business is completing breakthrough steps and integrating different systems closer to the paitent which is an NHS thought now in order to increase wellbeing and reduce costs.
Things starting to pan out here now
In:) GLA
....
Proffered bidder, landmark contract! Hopefully another rise today after Fridays rise http://www.investegate.co.uk/circle-holdings-plc--circ-/rns/circle-preferred-bidder-for-landmark-msk-contract/201308120700114197L/
It’s now been six months since Circle started at Hinchingbrooke, the first NHS hospital to be run by an independent provider. When we began, 1200 of the 1700 staff came together to create and own a 16 point plan for the hospital’s transformation, where they set the goal to become one of the top ten district general hospitals in the country within 2 years. Circle brought entrepreneurial drive, an operating model that transfers power to the staff closest to patients, and leading experts from our partnership to coach staff on this journey. You can never mark running a marathon after a few miles, and there are many areas of the hospital that still need work, but our new Hinchingbrooke partners have made big strides towards their goal. * From one of ‘lowest graded hospitals’ (Guardian) to 5th out of 46 hospitals in the Midlands and East rankings. * Topped the inaugural ‘friends and family recommendation’ poll of 46 hospitals * A&E department transformed – from consistently missing targets to number 1 among 46 Midlands and East hospitals. * Before Circle, cancer targets were last met in June 2010. Targets now met for fifth month running. * ‘Stop the Line’ patient safety initiative has seen Hinchingbrooke’s safety rating go from Red in February to Amber in April to Green in May. * Direct nursing contact time with patients increased from 51% last year to 62% now. All wards are now doing shift handovers at the patient’s bedside. * New menus designed by Circle’s team of chefs from a Michelin starred restaurant. Catering revenue up, locally sourced food up from 20% in February to 95%, all food now fresh rather than frozen, patient satisfaction increased from 59% in March to 94%. * Unpopular car park fines scrapped. * In 2011 only 850 pieces of patient feedback were collected. Now over 2000 surveys collected each month. * Hip and knee length of stay reduced from 5.6 Feb – 2.6 in July. Theatre productivity increased, allowing Hinchingbrooke to offer Addenbrooke’s hip and knee patients earlier slots for surgery. * £1.1m procurement savings banked. £1.6m identified this year.
This hospital and performance is fundamental to circles future. Rather than building all their hospitals many can come through trusts. Important changes to Hinchingbrooke’s Executive Team Jim O’Connell, the current Chief Executive Officer of Hinchingbrooke Hospital, has decided to take early retirement later on this year. Jim has worked in the NHS for almost 24 years, with 17 of them being at Executive level. In helping us to prepare for his eventual departure, Jim has agreed to move to a central role within Circle where he will help us in our approach to business development. He will be replaced by the current Clinical Chairman, Hisham Abdel-Rahman, who has worked as an NHS doctor for the past 20 years. Steve Melton, CEO of Circle, said: “I would sincerely like to thank Jim for all of his hard work during his time with the Trust. “Over the past year, Hinchingbrooke has become one of the most improved Trusts in the country, we have met all our cancer targets for the first time in three years, and we are now fully CQC-compliant for the first time in our history. “These are huge achievements and I would like to personally thank Jim for his role in helping to make this a reality as well as wishing him well in his retirement. “Our commitment to clinical leadership is clear and unambiguous. With this in mind, Hisham Abdel-Rahman, who has been a doctor at Hinchingbrooke for the last 12 years, will build on his role as Clinical Chairman for the Trust to lead our team as interim CEO. I can think of no-one better placed to take on this role and to lead us through our exciting and challenging next stage of development as we strive to become a top ten district general hospital.”
Comments (0) By Jo Haywood, June 5, 2013 3:36 pm Hinchingbrooke takes a streamlined approach to Healthcare Hinchingbrooke hospital is taking a fresh look at patient care as it moves to streamline its ward structure to ensure that patients receive specialist care according to their individual requirements. This is part of the hospital’s plan to develop an integrated approach to patient care. Integrated health care means working closely with the local community to prevent elderly patients being admitted to hospital when they could be more appropriately treated in their home or community environment. And, when patients are admitted to hospital, it’s about ensuring that they are treated as efficiently as possible so that they’re able to maintain their independence and return home as soon as appropriate. Cara Charles-Barks, Chief Operating Officer at Hinchingbrooke Hospital, commented. “Taking an integrated approach to health care is particularly important for our elderly patients whose health wellbeing and independence can suffer when they’re faced with a lengthy hospital stay. Elderly patients often need access to a multidisciplinary team including geriatrics, orthopaedics and community services, so it’s vital that we first consider other methods of caring for them in the community, and then if when they do come into hospital that we treat them as efficiently as possible, according to their specific needs, and not purely their age.” To make this new approach a reality, Hinchingbrooke’s Damson Ward, which specialised mainly in elderly trauma and orthopaedic care, will be closed on 13 June, and patients will be to be moved to Spruce Ward, or the Short Stay Unit where they will have access to specialists in geriatrics, orthopaedics as well as closer links to community services. Staff who are currently working in Hinchingbrooke’s Damson ward are being relocated to Spruce Ward or the Short Stay Unit where their specialist experience will be invaluable as part of a new multi-disciplinary team.
thethinks he comments in regards long term future in the pounds will come true. I think their businesses will break even across the board in the next year. Financing new sites is hard with only so few, as the business grows and the model works more cash will be gained, the NHS is not ring fenced in the sense of getting more money. What's happening is it's not having money taken away but the increases are not in line with health and age changes. Circle will be in huge demand if their model works. The original investor who is still committed has moved onto his next project leaving the CEO in charge to drive home. This year I think we shall see circle Manchester highlighted and deals starting throughout the land on new projects. For me hintchinbrooke NHS is the key. If they have managed to turn this around then the NHS can do nothing but award them more. If you are a NHS CEO with budget problems, simple bring in circle and they will run it all for you. +++++ people are getting big, older, diabetes increasing but living with illness for longer. This is long term, very good buy.
great to return to find my CIRC holding in profit! Having bought on the back of the Nottingham renewal, I was slightly surprised to see these dip thereafter. However, as others have said, with the NHS in such a mess at the moment, companies that can offer them a way to save money or increase efficiencies - a la this one - can only be a good bet. Proves the point that in pure investing terms, it's all about finding the right company at the bottom of its trend and then having the nerve to sit tight until it comes good. What is interesting is that it looks like the MMs also agree that this is CIRC's time. Looking back over the week's charts, the last 4 days they have opened it 'up' - on Friday, doing so despite the market having dropped it back down by the close. The fact that Friday then closed way up on Thursday is a very bullish sign (close to being an Ichimoku piercing which is a strong signal) GLA who hold here - I really hope we are about to have our faith rewarded.
I like. The business model is something to buy into.
9.5% off a relatively small trade. Don't see any other reason apart from spread. Agree with unvrkw however, an ageing population and increased medical costs support the long term argument behind circle. Give it a few years and could easily see this in pounds rather then pence.
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It's usual for the results date to be announced around mid September and then for them to be released a week later so don't expect any update until around then. Last update indicated investment options being considered for circle Manchester, the other two private hospitals by now should be up to full steam and creating profits. The challenge is as more business is tendered for circle does not as yet have enough cash flow to cover this and continue. The last raising was all institutional, netted around £46 million at 70 pence offer. It's difficult now at this price to see another raising. Everything is according to plan against circle comments, the Nottingham contract was important. Next steps, circle manchesters, capita now to support tenders, there is obviously some gain here and sufficient cash flow to break even in the next 12 months. Expect and hope for private hospitals doing well, hintchinbrooke close to break even and around £30 million at least still in the bank. I am back on a buy now for this, especially in Isa. With the people and state of health I see around me in day to day life, the struggles and traditional approaches of the NHS I can see this over the next ten years going only one way, bigger and bigger, more support and more business.
Quote from RNS on 31st: "Public health services will continue to experience increasing demands, driven both by demographic changes, including an ageing population and increasing patient expectations. Capita has a history of achieving customer-focused transformational change across the public and private sector. Working with Circle, which has a similar pedigree in the clinical space, will allow us to deliver a genuine end to end solution to the NHS, one that will maintain and improve quality standards, at the same time as driving down costs." Let's hope so...