UDG.L Share Chat (UDG)

been in the bottom drawer for years and years. not many but haven't heard a sqeeak from any source regards payment any one else the same ?

Coming on steamer from America

If anyone interested - apparently now “around 30th August” for the cash. Oh well..

That should be Friday 20th (fat finger!)

Still not credited to Hargreaves Lansdowne account - was notified to expect the cash proceeds by Friday 29th Aug at the latest…

Looks like agreed between UDG and Bidco Boards - 1080p

Sold my entire holding at just over 1058p on Friday and banked a profit of >£3k - an excellent return in 9 months.
In view of the caveats and the fact that some major holders were unhappy with the higher bid I decided that it was perhaps time to sell.
I had also identified a couple of alternative investment opportunities so we move on .......

Well done on holding firm Rog21. I stick with ny strategy though as it gains from upside and hedges against a slide. If it stays at 1070p for now I will buy back some though there are caveats in the RNS about reverting to the 1023p bid. Pleased anyway to have 50% see more than I expected. The market knew all along

That's not a bad strategy at all, I might do the same as the price seems to be drifting down. Wish I'd sold out entirely in the 1060s - hindsight is a wonderful thing!

as I reckon wou would have to be on drugs to stay fully invested. As it drags on without a second bidder the likelyhood of a higher offer recedes. I now have half my holding left which I will settle for either way.

Hi Egghead. I missed Fridays rns's so was referring to those. I did wonder about the rise when I was pretty sure the 1023p was the only show in town. I intend to buy more as part of a regular investment if the SP is sticky.

Egghead, I think the big news today is that AllianzGI, UDG's largest shareholder, is reported as saying that it plans to vote in favour of the increased offer

Is there another RNS out today? Cannot see it.

Isn't it somewhat unusual for a bidder to make an announcement like this?
I don't think this will be enough to satisfy the major shareholders who are unhappy with the current offer.
I had been considering selling half of my holding when the price was in the 1050's. As it fell towards the current offer price I changed my mind as I wondered whether a higher bid might be forthcoming given that the price was above the offer price.

1080p - It may be possible, but is it likely, and is it enough?!

May get a higher offer but probably not much higher than today's price unless another bidder emerges of course.

I see that Elliott, the hedge find, has taken options equivalent to 3% of equity and they won't have done that without good reason. This is a share to watch closely over the next few weeks.

Still rising. Something’s afoot...

current bidder might sweeten the price. A wait and see.

It is reported today that Allianz GI (8.6% shareholding) said that the takeover offer is “opportunistic”.
Maybe another bidder will emerge before the offer is voted on by the shareholders .......

Dont know, but it would explain the increase above the current offer price.

Higher bid on the way. Anyone know?

Can someone explain to me why there are a billion RNS' now - what is the process once there is a offer?

Result! It has been worth holding on to this share

Very nice premium. Would be nice if another bidder smoked out but can't see it. Juicy premium. Very happy and time to poke out something else.

owned and a bit frustrating for last while but good result.

impossible to time it. trades between 7.50 and 8.4 and as soon as it gets to 8.4 falls back down again then up again then down again - head wrecking.

Good point Egg. Well I will add UDG to my regular investments and see if i can find troughs. Given te numbers today I reckon a 5% rise is an injustice and that 10% to 850p would be fairer. My initial TP is 850p therefore and I am a buyer up to 835p for now.

It has tested current levels mid 820's a few times but failed to break higher & retreated to 760s. Maybe this time. Solid company and should see steady rise from here this time hopefully.

I cant understand why tis share is so off-radar. Today's update is sparkling and prompts me to add more. Very sound results and a good basis for more gains going forward. Hardly any posters here either which is usually a positive.

UDG Healthcare...........

Interesting to see the forward forecast for the company.

As per the majority of stock it will take a (very small) hit for 30/09/2020 but then in 2021 bounces back with vengeance, with a 16% rise in EPS which would put it on a p/e of 17 and a PEG of 1........in other words a (late) Jim Slater ZULU principle stock.

SEE forward forecasts below.

FORECAST

year Ending Revenue
(€m) Pre-tax(€m) EPS P/E PEG EPS Growth Div Yield

2020-09-30 1,005.48 102.04 36.88p 20.1 -4.8 -4% 11.18p 1.5%
2021-09-30 1,087.20 122.83 42.91p 17.1 1.0 16% 15.01p 2.0%

CHART

SP as moved above the 200 day moving average a bullish sign. In a lovely uptrend.

https://uk.advfn.com/p.php?pid=legacydaily&epic=L^UDG&type=4&size=3&period=4&olx_1=3&ma_type1=3&o_1maday1=10&o_2maday1=&o_colour1=1&olx_2=3&ma_type2=3&o_1maday2=50&o_2maday2=&o_colour2=2&olx_3=3&ma_type3=3&o_1maday3=200&o_2maday3=&o_colour3=3&scheme=&delay_indices=DELAYED_INDICES

UDG...........

UDG Healthcare PLC UDG Peel Hunt Buy 732.00 744.00 1,165.00 - Reiterates SP Target 1,165p

UDG Healthcare PLC UDG Barclays Capital Overweight 732.00 744.00 910.00 875.00 Reiterates SP target 875p

UDG Broker Forecasts..........

Latest broker views

Date Broker Recomm. Current Price Price when issued Old price New price
22 May 20 Berenberg Buy 692.50 694.00 740.00 880.00
19 May 20 Liberum Capital Buy 692.50 623.50 900.00 -
19 May 20 Peel Hunt Buy 692.50 623.50 1,165.00

UDG Healthcare UDG.. worth a bob or two investment.

UDG valuation is ‘compelling’, says Berenberg

Healthcare packaging company UDG Healthcare (UDG) is trading on a ‘compelling valuation’ for a market leader, says Berenberg.

Analyst Eoghan Read retained his ‘buy’ recommendation and increased his target price from 740p to 880p. The shares rose 1.6% to 692.5p yesterday.

First-half results from the group beat Read’s forecasts by 6% and he said while it had not been immune from the impact of Covid-19, his ‘confidence in the equity story’ had increased thanks to positive momentum, operating resilience, and the ‘long-term structural drivers evident in the market’.

‘UDG remains one of our top picks in our UK mid-cap business services coverage,’ he said. ‘Trading on a 20% discount to long-term average and US peers, we think it now presents a compelling valuation opportunity for a structurally growing and market-leading operator.’

============================================================================

Lovely uptrend channel on the chart. If it breaks through the ceiling of the channel, next sp target mid term is 730p approx. P/E 19 for 2021, cheap considering the Boom in Bios and health at the moment.

https://content.screencast.com/users/thomaser/folders/Default/media/0e47ae5a-0696-4dc2-bb41-b0f48b3b76a4/udg%202.jpg

With gains building on yesterday's rise. UDG looking in rude health once more. Results were at the top end of guidance so after 18 months of ill-health I am looking forward to the dizzy heights of 900p again.

A much more favourable response his morning after a consideration of the results has taken place.. A 6.07% increase is a good antidote to yesterday's sickly sell-off. The outlook was fairly confident so I am hoping we can breach 800p and move back towards highs.

and no real headaches. 5% rise in the divi to 12.5p is surely not to be sneezed at. I expect the SP to be perkier this morning and with the reasonably confident outlook I am hoping the SP gets off its sick bed and reaches 800p again. Might be a stretcher to say today but in the course of time.

Not looking great for this share now with the BOD selling £362k and now an ii reducing their holding. The price hovering around the broker target, RSI high and STOCK over bought.

Thanks for the info. I'm new to the game and just feeling my way.

Hi, yes.

Hi, just a question as I'm not sure. Will you still be paid a dividend now you've sold them as you still owned them on Ex divi date? Thanks

Well I was going to keep these a bit longer, but I had forgotten I had set a sell up for 750p.
Still a nice profit and gla who are holding. 800p looks a strong possibility.

http://www.chartupload.com/viewer.php?file=85235482156202550277.png

Pull back in the last 2 days where it seems to be bouncing of support (previous resistance). Could we see a blue day today on a FTSE down day?

Another pattern formed, the Bullish Round Bottom, which if plays out correctly should see UDG knocking on 800p, the broker target.

Great update today and hopefully positioned to make progress from here. The fall from 900p to 585p was totally unwarranted so UDG is probably still good value even after a rise today. A hold above 700p by close would be useful if that could be established as a floor here. With the dollar strengthening it will be useful income and a hedge against the Euro and Pound with a good RoR in three years. I am looking to add more here.

Resistance broken withe the news received today. 750p on its way but I may now have to change my target to next resistance of 800p.

670p target hit. If it can break above the resistance, then next target will be 750p where I'm looking to sell at.

Good to see the share price pass the resistance at 616, retrace and bounce of that resistance that should now become support. Next target price of 670p.

in Shares Magazine today. A 40% fall in the SP is surely unwarranted. A long road back but I certainly think the fall is overdone.

Looks like a BOD took note of the IC buy and added £44k at £5.87

Those who kept the faith in UDG Healthcare (UDG) have been duly rewarded following a better-than-expected first-quarter update from the medical services group. Having "made a good start to the financial year", the group says pre-tax profits are currently tracking "well ahead" of the prior year, driven by a combination of good underlying growth and contributions from acquisitions made in 2018.

UDG:LSE
UDG Healthcare PLC

1mth
Today change
0.00% Price (GBP)
580.00
Future deals are still on the cards, too, while currency-adjusted EPS for the year to 30 September 2019 is expected to grow somewhere between 4 per cent and 6 per cent on last year's 45.9¢ (34.9p).

IC View
Broker Peel Hunt's forecasts sit comfortably within the company’s guided 4 to 6 per cent EPS growth rate, even though 80 per cent of group operating profit is on track to grow at double-digit rates. While acquisitions are certainly driving a portion of that growth, investors would do well not to ignore underlying progress, either. At 609p, we remain buyers.

Last IC View: Buy, 582p, 27 Nov 2018

good RNS this stock has been undervalued for the last couple of months

Time to break out of the downward trend hopefully. Touching the top of the downward trend line.

Hi qe, the flashing dot news was a reference to a broker changing their status to a hold from a buy. Take broker rating with a pinch of salt mind. Looks a good position for entry position but worth holding cash back incase a lower position comes available.

IC could be right over some sort of decent timeframe as the entire sector is sluggish at the moment. I only looked in today and couldn't see any news other than 2 flashing red dots here later on which aren't really news about this share. Anyways made an honest crust over the course of the morning so you can't say fairer than that.

Tipped today by IC.

IC View
Cash conversion was a slight concern, reaching just 39 per cent last year. But management has reiterated its aim to improve this to between 60 and 65 per cent, particularly as demands on working capital normalise next year. The business still needs work, but now that a lot of the ugliness has made its way through the financial statements, we see the continued share sell-off as unjustified. Buy.