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Ridiculous games being played on this share. 8.2% spread!
Good spot - thank you
Hi all. I'm already in.
I don't know if the recent sales related to Covid are in. Looking at reports it doesn't look like it is. Given top line was growing healthy and bottom line held back by exveptionals the next update should be very positive. Any idea when it might be - don't seem to do a lot of trading updates.
Jessell - this just needs a bit of positive coverage in media / Shares / Investors Chronicle to push back over 70p IMO.
Finally the market makers have pushed the share price up (albeit on low volume and a good day generally in the main markets) Up 12.9% currently at 67p/64p. Hopefully will resurrect some fresh enthusiasm among investors who were tired of it waiting on the side lines for news.
The 27% confirmed increase in Q1 revenue plus the £1.25m NHS contract, the £4m NHS contact & now the £0.6m helpline contract makes 2020 revenue visibility of c. £11m just for the first 4 months of the year....?
Share price finally ticked up a few pence today. Still way undervalued imo
Consistent revenue growth and consistently profitable. Good cash position, with more money in inventory and receivables. Positive trading update stating an additional £5mn in revenue additional to what would otherwise be expected - but despite this P:E is currently lower that previous years and IHC trades its 52w low. Has a range of products on offer, but notably CPAP is also key in tackling covid-19 as well as growing population of patients such as those with congestive cardiac failure.
Seems to have a lot of positive aspects on which momentum can hopefully build.
https://twitter.com/InspHealthcare/status/1262375234302349314
Hope so, I am completely baffled by this share as the fundamentals look good, excellent RNS and it just keeps dropping.
Note IHC's falling wedge pattern over the last few weeks, a 'deceptively bullish' indicator: i.e. a bullish indicator that inexperienced investors may view as bearish.
"Wedge
By GORDON SCOTT, CMT Updated May 10, 2020
... These patterns have an unusually good track record for forecasting price reversals.
... Trading Advantages for Wedge Patterns
As a general rule price, pattern strategies for trading systems rarely yield returns that outperform buy-and-hold strategies over time, but some patterns do appear to be useful in forecasting general price trends nonetheless. Some studies suggest that a wedge pattern will breakout towards a reversal (a bullish breakout for falling wedges and a bearish breakout for rising wedges) more often than two-thirds of the time, with a falling wedge being a more reliable indicator than a rising wedge. ..."
https://www.investopedia.com/terms/w/wedge.asp
Note that IHC's pattern of generally declining volumes over the last few weeks is one of the key characteristics of a wedge pattern.
Another day of positive market sentiment and not a whiff of a move.
Another 50k buy squeezed in from yesterday morning.
Another day and again the buys/sells do not correlate with the price.
You aren't the only one, look at the after hours reported trades the last couple of days. I think it is being held here to fill those orders....
The last couple of RNS have been outstanding and the needle has barely moved. Thinking of loading up a few more as surely this will take off at some point.
Evidently market makers have thousands of shares on their hands and they are selling cheap. This happens only with AIM shares where they set the price. As soon as they have offloaded the SP will take off.
Some massive buys, dwarfing sells, have gone through and the sp hasn't moved. How can that happen?
great rns… as usual still carnt move ihc…
call me on Brexit news may get a 50% discount with market uncertainties this year
Good results today. Looks like they are developing well. The ventilator challenge should help to establish their business.
I think the interesting and positive aspect with IHC moving forward is that increasingly it is becoming more than just a distributor. And with approaching 50% of revenues now generated from its own brands along with 12% organic growth achieved the company looks to be in a decent spot.
Looks more like a slow burner which won't attract the in and out brigade, but one that could/should be very rewarding over the medium /longer term.
Interview with CEO
tinyurl.com/y7akw8a9
So at £3.5m for UK and Ireland and £35m for global revenues, this looks to be a decent revenue stream for IHC. Unlike a normal Distributor, IHC are tasked with introducing the test to it's network of experts and opinion leaders to get acceptance of the test as the standard of care in Neonatal ICUs so I would hope they will receive a greater margin than just for distributing the products. Not sure this news has sunk in, looking at the current SP.