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But a cash call might do the trick?
2reincarnated. The revenue was £41.23m for y/e 31 Jan 23. The expected revenue is £37m for y/e 31 Jan 24. Y/e 31 Jan 23 was profitable, just. I am not sure why we should be worried at the moment about the company going into administration, although clearly we will need to see the full figures for y/e 31 Jan 2024 before we can be certain either way. Do you know something that the rest of us should be aware of?
Takeover target yes correct!
But only by the administrators.
The individuals running this business are obviously completely out of their depth and need to sell the company ASAP. I'm going to use the abbreviation WTU, meaning worse than useless. The alternative is that the company goes bust which shouldn't be allowed to happen and won't happen as long as the dead wood is cleared out.
First time I have seen this Company, but looking at their product ranges, have taken a small plunge. Looks like an over reaction regarding the sell-off.
Been in this since Inditherm days. Still believe in the product potentials. Missed out on an exit in the past when it was briefly around 150p but still think it's fundamentally good. Topped up this morning
Got to be a takeover target at this level?
Ludicrous over reaction on opening, down 45%.
The update is just a re-hash of January's update. The bank waiver has been extended for another year.
Yes, need to material export order to be fulfilled, but mid single digit growth and US business started positively.
Okay work to be done as results H2 loaded.
Got to be a takeover target if this management team can't fix a company with mainly non discretionary healthcare spend, surely?
The trading update is a bit of a mixed bag. Potential for the expected major order to fail to materialise is disappointing but (single digit) growth without that order, and decent performance in Florida, are both mildly encouraging. Hopefully the market reaction will not be too harsh, especially given that the share price is already pretty “bombed out”.
This company does seem to be utterly useless / hopeless and it would be nice to think that it could be sold ASAP because the current lot of directors obviously haven't got a clue as to how to run a business. Anyone in agreement?
I guess shortfall is around 10%. FY to end Jan 23 was rev £41.2m, FY to end Jan 22 was £41.4m
Today FY to end Jan 24 is £37.0m
Agreed, ragnarlothbrok. It would have been so simple to state what the size of the shortfall is.
Awful…. Bad news, lack of clarity is striking. It’s going to sting today. I reckon back down to low 40s. Capital raising probably now required, heavily discounted of course
Not the best trading update...
Not seen any tips, they do have results due soon (released mid Feb last year) and given they submitted for Fda approval for the SLE6000 ventilator almost 6 months ago expecting an update on that fairly soon too. I think it was oversold and was overdue a rerate anyway
Hello, upward movement in the shares today suggests maybe a tip - any thoughts as too the source?
RNS out today - IHC buy Airon Corp for $2.5m ($1.5m from cash reserves and $1.0m to be paid at later date based on delivery of future revenues) Only a small outfit with revenue $1.4m, loss $0.4m, net assets $1.3m) however it will be a good platform to sell the SLE6000 neo natal ventillator, subject to FDA approval.
Looks a good acquisition to increase sales in large US market.
I've been buying a small amount of these over the last few days. It is very cheap but so is everything!!
On the plus side 0.5x sales is a huge discount to this type of company in the US. Cant see incidence of premature births being lower given issues around climate and pollution impacting pregnancy
On the negative side profitability is questionable, it was very healthy in 2022 but 2023 and this year looks the same. Lots of non recurring items, inflation pressures and a big chunk of profit goes on interest
The prospect of entering the US is interesting. They obviously have great products but the US is notoriously difficult to penetrate and competition looks pretty fierce
https://www.gminsights.com/industry-analysis/neonatal-ventilators-market#:~:text=Based%20on%20mobility%2C%20the%20neonatal,at%20over%20USD%20222.7%20million.
Is it possible that the only buyers of these shares are the directors and when they stop it might start its downward trend
The chart is truly horrendous, well below its all time low!
CFO buys 19577 shares at 35.5p.
Hopefully the Directors will tag team these buys and take share price back over 40p.
Still a daft price for such a solid business.
Decent sized Director buys - especially Chair who bought 100k shares at 32.95p
Bargain at these prices. Don't understand why anyone off loaded at below 30p, ludicrous decision, must be desperate for cash.
ShareSoc is holding its first hybrid event in London on 19th Oct! Hear from Inspiration Healthcare Group (IHC) and other healthcare companies like Tristel Plc (TSTL), Creo Medical Group (CREO), Abingdon Health (ABDX) and GENincode (GENI). 📍🌐 Attend in-person or online. Register: https://bit.ly/3FbyXfe
Obviously a larger selling off loading some shares - today the market makers walked the price down hard (10%) down to 30/28.5p on hardly any volume. Decent sized buys came in at 29-30p, but share price hardly lifted at all. After close market makers blended in, a 53,500 sell at 29p. These guys are always less than transparent and love their little games, don't they?..
Now the crazy thing is the business is worth just £20m now - down 80% off peak of 150p/share. Okay revenues have flatlined, margins tightened and company probably spent too much on tech centre - but worth only 20% of previous market cap??? Really??
They've also done some bold stuff, like reducing office space, headcount etc with the relocation / centralisation of business. Should pay off this year, now that's been done.
A bargain at 30p, but then there are so many ridiculously undervalued shares out there right now.
Got to be hostile takeover bid by PE at this price surely?
Further to my last post It would appear that an institutional investor is still selling - most likely some part of Premier Miton.
Is it 'The Diverse Income Trust' which was last reported as below 3% or some other part of Premier Miton? If neither then who?
Any thoughts please?
There does seem to be an institutional investor still reducing there holding that has been a drag on the shares.
Thanks Lesboy for reporting 'The Times' share tip - as not all shareholders read 'The Times' though from today's reaction clearly some shrewd investors do!
Is it co-incidence that the company is presenting a belated post results update this afternoon around 3pm on the 'Investor Meets Company' forum? - and an AGM later this month.
The Times share tip is handy in giving whoever is selling down IHC, plenty of liquidity to sell into.
Already 342,000 shares traded. Hopefully once the seller is out, IHC can move on upwards, just needs a couple of decent contract wins.