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Positive AGM statement this morning.
Its pretty straight forward. For every 50 shares you hold you can buy a new one for 65p which is about 4p cheaper than you can buy the shares in the market. You don't have to buy them hence why its called an option. You have until next Tuesday (30th) to make your election.
Anyone care to explain the options in the corporate action notification? First time i've been exposed to something like this so would be good to get more clarity
thanks in adance
"This is a significant step in the firm’s ambition to reach £100m revenue through organic growth and acquisitions, and the aim to become a global leader in neonatal intensive care equipment."
https://www.inspiration-healthcare.com/news/articles/inspiration-healthcare-is-to-acquire-sle-92
tinyurl.com/y8ppkol5
You can work out he next financials fairly easily - I worry that I am missing something. Looking to see impact of first acquisition whichnshoukd impact margins at same time exveptionals drop out.
I’m surprised by today’s muted response but I am hoping for a steady rise to a £1. I dropped in £5k this morning after reading the rns. Such a large raise at no discount basically, and they have acquired a profitable business by the looks of it. This is quite substantial news and you just have to read the recent RNS’s to see how much progress the current business Is making. GLA
The last set of results had a number of exceptions which should drop out on the next set.
The previous TO should improve margins - that company was a supplier.
NHS covid work not yet in figures. Estimate £4M + additional revenue. They are running a 24 hour help line that will also generate additional revenue
Now this one will create numerous synergies - Two of the most prominent companies in the neonatal space.
New products becoming increasingly important. Project Wave and the GDR genetic test are ground breaking and are aimed at significant infant numbers e.g 90000 neonates at £60 (GDR estimate) in the UK alone.
Have two TO under their belt - this one at virtually no discount. Management is trusted by both II and PIs - unusual for AIM
I'm surprised the SP didn't stay up. My own calcs are for 50% rise over next 12 months. Just run the numbers associated with all the above.
Completely agree, got a bit in here and was going to go for more when it was in the 50s as everything looked solid, the only thing holding me back was the knowledge that management on AIM can screw over the investor at any point.
Today's announcement looks like the management here want to do things fairly
Very impressed with how management conduct the fundraise here. Nothing wrong with fundraise to drive growth of course, but you contrast how it's done here vs how it's done over at ODX. Management here has conducted this with integrity whilst at ODX it just stinks of insider dealing. Good luck holders
Thanks guys that is really helpful.
You can only apply to buy 1 share for every 50 you hold. So basically you can increase your shareholding by 2%.
Yes. Every holder will have the right to apply, but given the number of shares up for sale number of shares you are likely to be able to buy will be very small, depending on how many shareholders will take up the offer.
Will the ordinary investor such as me be able to partake in the £0.5m capital raising?
I've been watching this company for a while and this acquisition sealed the deal for me so I've just invested. My hope is that they can now use their greater size to drive up profitability which hitherto has been quite low as a percentage of turnover. Management are clearly ambitious and the business is in a great sector.
Inspiration Healthcare were featured on the @bbcsoutheast explaining the exciting developments in Project WAVE
https://youtube.com/watch?v=L-HXaS64cy0
Fantastic news, good acquisition, just down the road from their base too. Happy with the discount on the placing, can't be fairer than that (1.5% discount). Looks like a good business decision and confirms their growth ambitions....
wow - big placing with hardly any discount and the company revenue will double over night.
Excellent news
Good news this morning....the ventilator supply news is encouraging, but I particularly like the closing comment about the "strong growth" in the core business:
"Even before the winning of the NHS contract in March, the Company has enjoyed strong growth in the underlying business and now with a much greater degree of certainty in fulfilling these NHS contracts we anticipate that the effect of Covid-19 will have a positive impact on our outlook. Our logistics team are working tirelessly with our suppliers and we will make further announcements when we have additional deliveries."
Https://www.investegate.co.uk/inspiration-health--ihc-/rns/update-on-ventilator-delivery/202006150700108900P/
News of a nice grant to support Project Wave, with the trials expected to commence this year:
Https://www.investegate.co.uk/inspiration-health--ihc-/rns/project-wave-awarded-innovation-support-grant/202006110700075755P/
Nice 7.6k buy at 66p - a full 1p above the 65p published offer price. Which caused a tick up. A good sign.
First post here as I've bought in recently.
Anyway, you might be interested in this article overnight on Citywire about Gervais Williams, which gave a nice plug to IHC:
Https://citywire.co.uk/funds-insider/news/gervais-williams-bounces-back-as-bet-against-ftse-pays-off/a1363232?ref=citywire-money-latest-news-list
"Williams also expressed excitement about medical technology supplier Inspiration Healthcare (IHC), which has helped to source ventilators for the NHS"
This is just moving nowhere, what is going on man