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Some huge buys here recently. Price well supported. I think the price will pass 120p before asset sale news arrives. Can't be far now as we have heard about it twice....
Looks like we could well be breaking £1 today...
We should be around the 200p mark now, jus need to wait for all those that sold out a few months ago to buy back now we have mended and are back on the rise. The restructuring news and American company purchasing asset etc. Should see us further up the price ladder quicker. Good value and protection here for me.
6 months target would be 200p , once it sold its adult service then it will be have less debt , which will lead to re evaluation as the children business had more chance of growth than adult . as the adult business is already stagnant at above 90 percent level. But there is huge growth in children service .
I had a good look a t this when it was around 200 last year and all the talk was that it would reach 300. It did, so i missed that one. Had I invested then I would still be way down..... The length of time it has spent at 60-80p suggests that there was a lot of doubt and it appears as though there still might be (NB Before the second dip last year the 'property value alone covers the share price'. This at 130-150p if memory serves). If that was the case why is it still below £1? So, if you are in, good luck!
you being so cynical because you haven't brought the share when they were around 50 to 60 pence , you want to see another dip so you can buy.
Well these are the things which one must weigh up before deciding whether or not to make an investment. Personally I think that the Children's Services business looks to be in rude health with significant scope for growth, both in occupancy increases and crucially within fostering services. I wouldn't have bought in (and didn't) at the float price, but picked up a sizeable chunk of shares with a b/e of 80p. I'd consider that a bargain for this share.
Well that's great. But a clear leader with only 75% occupancy suggests either the market is over catered which will lead to prices coming down OR maybe the fact that it is a market leader is not seen as a good thing? Maybe there are other issues. The current figures dont have any upside in Adult services, and the Children services numbers have been targeted for a good while now without much success, maybe that is the reason for the slow moving SP?
Look at the competitor comparison charts in the 2015 results presentation document. Cambian is at best third, or in some cases (LD for instance) miles down the pecking order in Adult Services. In Children's Services, it is a clear market leader in its key service lines. This is important to consider when looking at the potential AS business sale. We'll be left with a significantly de-leveraged market leading business.
The adult division is the stable high occupancy part of the business, client and staff tend to remain in place for longer periods. The children s services part is rather more volatile and still not above the target 'resistance level' of 80 or even 85%.
Thanks for that Borgy - really interesting. On a related note, JP Morgan Cazenove has just set a target price of 119p, which would seem to echo your views on the next resistance point.
from a technical perspective we have closed above the 200SMA something we have not seen since 19OCT2015. That is very significant and if we can stay above this indicator.. confirmation of an uptrend - also 82p now becomes a level of support. I see the next level of resistance at 120p set on 8FEB2016. Volume today at 1.1m has not been seen since 27June when we dropped from 64p to 57p so a spike in volume is also a good confirmation.Hopefully on wards and upwards now ...... with news imminent i wouldn't want to sell my shares ....
Past the pound mark tomorrow, finished closer to 92p. Waiting for the announcement now. We dropped from 250 cos of problems which have been resolved so I don't see why we won't see big rises now...
Great post Borgy and just like that we're testing 91p! I'd love to see this hold at this level now and break that resistance, instead of sliding back in to the mid 80p's again.
someone somehere heeded my post :-) 91p now ' the only way is up'
90p is proving hard to break. 9FEB & 26FEB 1st & 2nd resistance at 90p then same again 31AUG and again today.... if we can breach 90p we can begin the journey of clawing back the original gap down of the 9th Feb.... we need that final push up.
'Evaluating proposal to sell Adult division. Close to concluding review of strategic options'. Agree with you GoldD, that makes it sound like we might not be waiting long for news. My bet would be private equity interest.
Big buys and some big delayed buys as the pricing is still rising. Need the sale news which bod mentioned is due in due course...
Lots of decent buys coming in now, including one for £66k. Tracking up nicely.
Yep, nicely put GoldD. Liking what I'm seeing here. Good set of results with no sting in the tail. BOD getting it back on track.
Apologies, I should know better. TP
tp... just for the record: CMBN is not traded on the AIM. Its listed on the LSE ... you even pay stamp duty when purchasing the shares.
I like what I`m seeing. However one never quite knows how the market will react on the AIM circus. I have some making up to do on this share as I bought in well above current sp but the signs are looking positive. TP
Gold, you were spot on!, think will get very very interesting with potential bidders for Adults services starting a bidding war, especially if a large American co decides it wants in in the UK!