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yesterday - total of 45k - clearly someone is taking an interest!
just showing a 2% rise... is something about to happen :)
I can see that this along with yesterday are two positive statements from the business. A buy rating of £1.30 also set. The cash available is what holds this share back, an update on that position will make a differance and when this goes Isa possible in October I may invest more. The NHS is failing either in care in some sectors of meeting ever increasing cost targets. I am sure there is a sector and place for this type of business. The NHS trusts will have no choice but to turn to companies like circle soon to help support and run their businesses. As stated below, an update on hitchinbrooke will be interesting. They took over a failing hospital over £10 million in debt, I expect they will turn it around and so much so others cannot afford to ignore. If you want this risk, it fits well with themes of older populations, NHS cost problems then this share is worth a punt, £1.30 would do nicely. GLA
they are quoted as being asked about potential work in manchester, the need to open further facilities. the ones that they own make money, NHS hitchinbrooke is starting and didnt but needs to this year. manchester would be another new start and burn cash. i believe the NHS cannot afford to go it alone, if hitchinbrooke is shown to be successful, the first NHS hospital to be ran private then many more will follow suit. it was over £10 million in debt and this was reduced well in the first 6 months. if they have the reciepe which i believe they do, and its going to be better than current NHS practices then they can pull through. the CEO of the NHS has stated change is required, 7 day running, different management styles, circle can bring something to the table. if it can finance this will go from nothing to huge potential, as we know the market is big and only growing one way!!
i think the fact that its a renewed contract, rather than a new client hasnt helped. i read through the financials, saw the neagatives but thought interest would stil be higher than this! oh well - small loss and another lesson learned. thanks for your views tho folkes
can understand the points below, the risk is worth based against NHS current position and the need to change, if they can achieve several more contracts like this they can then move forward. i dont think the NHS will have any choice but to put more work into the hands of people like circle, the dlelay is because of finanical ring fancing that is now not even generating sufficent for a change population. long term businesses like circle are essential for NHS success. Dr Stephen Shortt, GP Chair and clinical lead for Rushcliffe Clinical Commissioning Group said: "The local NHS is facing up to enormous and sustained challenges and the Treatment Centre is a really important part of the local system. Circle was selected to provide services from the Treatment Centre after a detailed process which was led by the new local clinical commissioning groups. "The GPs in particular were very impressed with the quality of the existing service and the very positive patient feedback. In addition, we were encouraged by Circle's plans for the future and its commitment to work with local GPs to help us meet our future health priorities: efficient, effective services, a really good patient experience and where possible, closer to home
Ill be honest I had a look with a view to buying when I saw RNS but after checking the financials I was put off. Its a great contract over 5 years (40 mill annually) but the borrowings and debt and loss making on a big rev last year put me off. doesn't mean it wont do well just my thoughts and decision to not enter.
any thoughts whats going on here guys? what are we missing?
I'd imagine it's very much off the radar atm and will take time before it's noticed.
£200 million contract. nice.
saw your post on gc - well spotted shan!! looks like a good day comin?! good luckeveryone
to the fact they issue non-exec directors a shed load of shares a month (clearly knowing what was around the corner) ago and it all looks like an increasingly attractive short/med term prospect...
Check bacjk to Feb this year when sp was trading at 68p and they announced they were preferred bidder: Circle Holdings profits beat expectations Date: Friday 22 Feb 2013 LONDON (ShareCast) - Circle Holdings shares surged Friday after the healthcare provider said 2012 revenues and profits exceeded expectations. The employee co-owned hospital group expects annual revenue from continuing facilities to increase by 13% to £73m as patient procedures rose 21% year-on-year, according to a trading update. Circle ended the year with a cash position of £38m, including £5.0m of restricted cash. Results were driven by strong operating performance and higher patient volumes at hospitals. The CircleBath private hospital saw a 28% growth in revenue and a 40% increase patient volumes while the CircleReading hospital delivered strong revenues since opening last August. The company also achieved a projected annual cost savings of £2-3m following restructuring of its head office. Circle recently announced it was selected as the preferred bidder by National Health Service (NHS) commissioners to provide renewed services at the Nottingham NHS Treatment Centre for a further five years from July. Subject to completion of final terms, the contract is expected to deliver circa £15m annually. Shares rose 5.43% to 68.00p at 9:19 Friday. RD ... expected to deliver circa 15m profit annually! This could go places today as peeps wake up to what's just happened!
Reckon you may be right about them seeking more funds as their financial liquidity isn't brill. I bought in at 34p so if the price goes below 17p I think I'll bail out. Hopefully they'll come out and say whatever it is that's happening soon so the price finds a new level. Thanks for your thoughts unvrkw and good luck. DD
Nothing being reported but of course this does not bode well. I wonder whether they are about to ask for more cash, the last update was trending in the right direction. There seemed control of the business and progress being made but there is this drop. I have had shares drop like this simply because of no news and then return but at the same time fold. The NHS is massively under pressure and needs to save cash. I do believe circle can support this, I am already fully in but would invest half my current about at these prices as an investment. I am disappointed on the drop, I bought in around 60 pence which didn't seem to bad in the context but not near the bottom. It's either doing fine and will self maintain or about to ask for cash?
What about this one unvrkw? Do you still think Circle is worth a punt or is it becoming a basket case..?
No idea on the drop, don't think the extension created it. Half year results date not Announced as yet but last year this was done in September so not too worried. I think this share will do well. The NHS is now being challenged a great deal and people like circle if proven could do very well.
why the drop?!
Reported the the ex boss and founder has now moved on and is working on global services in medical areas. Hope he sees that this one is in good hands, on track and therefore can work elsewhere. I think this is now undervalued and great stock to buy on 18 month future. Yet to break even but showing all signs of what to do, hospitals now up and running, on budget and generating cash, as it grows the other bits are taking the surplus as expected, good year ahead.
Government must take the ring fence off the nhs to meet the cuts? I think this will happen and private sector will move in. If the first nhs hospital goes well then it's an easy choice and more may and should follow. I believe and hope this must be the case, roll on the next 18 months.
Followed the same health care theme and jange seen you comment, gone for omega also. This baby will do well soon. Granted health care only needs one issue and its curtains but the nhs needs people like circle to change working practice and the government chasing the deficit will have to accept this at some point. Staying in. Really hopefully on this one.
Positive article in Sunday telegraph in regards health, one of the biggest areas going forward with capital growth. Aging population, middle classes, diabetics etc. going to see by 2020 billions more spent in all forms of health which if circle have a solid and workable business models then I believe they will do well. More to be spent on health but also a drive to reduce and keep costs down due to the increases. Circle are showing good progress, an area where great cash wil be spent, is there business model workable??
Anyone wonder what they might give out tomorrow. Hoping the CEO is positive and good news. Hence he got the job. Would be nice if costs cut, Nottingham confirmed and more highlighted in progress.
Update next week, hold a few but outside of USA. Hoping for positive update. CEO in place, this area in health care has massive growth and when competing to show cost savings against government run there will be only one winner. Circle are already showing they can cut cost and run hospitals. They will get more business and grow more,question of time due to austerity measures. Nhs is protected but not for ever, under radar costs will get cut.