Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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I can't believe that people are having their pants pulled down and taking 65p for these shares after this mornings update - crazy!
Cenkos have increased this year's forecast to diluted EPS of 4.9p, with £5m net cash at the year end.
They also state that there's between 30% and 65% upside to the overnight share price based on the usual multiples, so the high end would see the share price up to 102p.
They conclude:
"Investment thesis – Organic growth and the transformational acquisition of SLE is set to more than double Inspiration Healthcare’s revenues and adjusted EBITDA from FY20A to FY22E. We believe such growth is fundamentally attractive but note our FY22E forecasts highlight the ‘true’ market valuation of Inspiration Healthcare shares pointing to a significant undervaluation in our opinion. We believe the shares should be trading closer to 90p in the near term and reiterate our Buy recommendation."
Yes , I read that twice. Very positive - market should like it
Lovely stuff :o))
"we expect to materially exceed market expectations in the full year"
and there's much confidence for 2021 too in definitively saying IHC "will maintain momentum into next year".
IHC have £5m net cash to continue growth, against a £42m m/cap.
The transformational SLE acquisition "has already shown potential to deliver more opportunities than originally anticipated".
And there's FirstBreath and Project Wave to further accelerate growth.
Excellent interims announced. Maiden dividend and the statement "Expect to materially exceed market expectations for the current financial year". A great future for this company.
Thanks for sharing your honest opinions of the company. I like the company and it appears progressive and well run. I am undecided whether to invest however. I’ll certainly be keeping the share on my radar and see how the share price reacts, I wish you luck.
Agree with Rich62 comments -company has an interesting future. Premier Miton Group was the largest holder after adding in size to their holding during the placing at 65p in July. Since then it has seemingly been a seller around that price or lower. Why? It has probably been surpassed as the largest holder by BGF Investment Management. It appears to me that uncertainty as to Premier Miton Groups Intentions has been restraining the present share price progress. Clarification would be helpful!
IHC is a profitable, growing company selling medical equipment during pandemic crisis!
Share price bounced up a bit when they got NHS contract to sell ventillators (£5m one off contract this year), but in essence this is an investment, not a trading share.
If you look at the trade update RNS from 11/8/20 for the HY, revenue up 30%.
So far this increase hasn't been factored into the share price...……
Since HY, IHC have bought out SLE Ltd, a specialist ventillator seller - again profitable and no debt. To do this IHC raised money by fundraiser at 65p.
IHC sells items for critical care, operating theatre supplies and home healthcare. Also specialises in neo natal baby support - obviously this is non discretionary spending.
Has valuable patent in US and developing equipment, with 1/2 costs funded by EU
I'm a sizeable holder here and am looking for 100p plus by early next year when FY to end Jan 2021 results are released.
Buy at 62.5p today, hold 6 months for 92% gain potential
Good luck in whatever you choose to invest in!
Rich
Check out the trade update for HY on 11/8/20 = revenue up 30% v LY - share price not moved despite this = OPPORTUNITY
Since then raised funds at 65p to purchase SLE Ltd, seller of ventillators etc.
£7m sales of ventillators (of which £5m from IHC as a one off additional revenue this year)
IHC have valuable support contract with NHS on ventillator use
Both companies profitable and debt free
Valuable project Wave patent owned in USA and trials ongoing in UK with half cost being funded by EU
Selling medical equipment during a pandemic
Most IHC equipment is for neo natal babies - non discretionary spending.
You can buy at 62.5p today
Good luck Rich
I’m looking at this share, it’s intriguing given the good trading updates but I don’t know anything about this market sector.
What a people’s realistic expectations of this share in the months ahead? Now that we’re in autumn, Covid levels are up, the economy is no doubt in for some tough months ahead, I’m not sure if it’s worth investing until winter is over.
Bought more at 61.5p = bargain!
MMs moving bid /ask around so all buys look like sells - why would they want to do that? LOL
Good luck all holders ready for next Tuesdays H1 results (which we already know were 30% higher than H1 last year due to the trading update..
A fool and his money are easily parted.
Can't believe someone has sold 10,000 shares at 57.75p. The bid is showing 62p. Surely if you wanted to sell, you would sell in small blocks and get the higher price.
Some people must have money to burn!
Still don't understand why they are selling, unless need funds elsewhere
H1 results due 6th October so not far off and we know they will be good.
Rich the reason it appears unloved is mainly down to size. At a £44m MCAP it too small for most funds to be able to invest. The other side to that coin is that it allows PI like us to get in at a very attractive valuation. We just need to be patient. This company will grow and over the years not only will its increasing profits drive its valuation so will an increased rating. I look at this as a 5 year investment.
Tried some dummy buys today. I can buy £10k shares for 64.55p, so there's got to be a big seller out there still - Premier Miton still reducing stake? Would buy more, but suspect price may slip a bit as no real volume of buyers and as ever, no media coverage. A small, profitable and growing company selling medical equipment during a global pandemic, that no one seems interested in? Why
Agree, good to see that the £5m ventilator order for NHS has been fulfilled and that SLE have delivered £7m orders.
I just can't believe this share is so far under the radar - the volume of shares traded each day is minimal. Just needs some coverage by media - who it seems would rather tip companies with bombed out accounts, doing fundraises rather than a profitable, growing company selling medical equipment during a pandemic - doesn't make any sense to me...
Great to see the NHS ventilator deliveries increasing to a total £7.1m. IHC will continue to benefit from ongoing ventilator support contract orders.
And there's the closing sentence that "The additional revenues from these orders positions the Company very well to achieve a strong performance this financial year."
Https://uk.advfn.com/stock-market/london/inspiration-healthcare-IHC/share-news/Inspiration-Healthcare-Group-PLC-Ventilator-delive/83267138
In case you missed it related earlier announcement: See :-
https://www.bsuh.nhs.uk/revolutionary-technology-trialled-at-brighton-special-care-baby-unit/
Good news on Project Wave:
Https://uk.advfn.com/stock-market/london/inspiration-healthcare-IHC/share-news/Inspiration-Healthcare-Group-PLC-Project-Wave-IRA/83211385
"Neil Campbell, Chief Executive Officer, commented: "We are pleased to have submitted this application and moving the project on to the next phase. The Project WAVE device we have developed incorporates the latest findings in neonatal respiration from a leading U.S. West Coast University with Inspiration Healthcare's experience and knowledge in designing and manufacturing neonatal devices which improve medical outcomes. Once our submission gets the green light, which we expect in a few months, we look forward to working with the team at the Royal Sussex and getting the project one step closer to fruition."
Hello gents,
Genedrive AIHL test due to market in the Autumn, which is technically now onwards.
First test of its kind in the world. Hopefully it’s a success for you guys and us folks in GDR too.
Premier Miton reduce holding by 1.56% hence sale of just over 1m shares yesterday. They still hold16.35% however.
Assume they have finished selling now as declared on a TR1.
Hopefully onwards and upwards..
Delayed buys / sells going through after 1630...….Somethings happening!
250k "sold"? at 67.5p at 163-0 hrs (not U/T)
500k at 67.5p. Looks like Fund Managers making some changes to portfolios??
Someone's got faith in IHC, 350k shares bought at 67.75p (£237.1k buy) Wish I had that sort of cash!