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IN BRIEF: Caretech gives two bidders more time to make firm offer

Mon, 30th May 2022 14:28

Caretech Holdings PLC - Hertfordshire, England-based residential social care and education services - Gives its two suitors an extension on the put-up-or-shut-up deadine to June 27. DBAY Advisors Ltd and Sheikh Holdings Group (Investments) Ltd both have offered 750 pence per share. The price values values CareTech at GBP850.0 million. Farouq and Haroon Sheikh, the Sheikh brothers, founded CareTech in 1993, and are executive chair and chief executive officer, respectively.

Current stock price: 715.00 pence, up 0.7% on Monday in London

12-month change: up 23%

By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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12 Jun 2014 10:05

UK BROKER RATINGS: Investec Cuts RBS To Sell From Hold

LONDON (Alliance News) - The following UK shares received analyst recommendations Thursday morning and Wednesday afternoon:
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FTSE 100
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NOMURA CUTS BG GROUP TO 'NEUTRAL' ('BUY') - PRICE TARGET 1350 PENCE
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TRADERS: INVE

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12 Jun 2014 08:50

Tuesday broker round-up UPDATE

Afren: Oriel downgrades from buy to hold with a target price of 145p. Aggreko: RBC Capital downgrades to neutral with a target price of 1700p. Betfair Group: Morgan Stanley raises target price from 1150p to 1260p and keeps an overweight rating. BG Group: Nomura downgrades to neutral with a target

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15 Apr 2014 09:21

CareTech Says Half-Year In Line With Expectations

LONDON (Alliance News) - CareTech Holdings PLC said Tuesday that it had traded in line with its expectations in the half-year to end-March, as revenue, underlying earnings before interest, tax, depreciation and amortisation, and pretax profit were ahead of the previous year. The specialist

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15 Apr 2014 07:50

UK MORNING BRIEFING: Aggreko Leads After Mixed Results

LONDON (Alliance News) - Aggreko is leading the FTSE 100 in early trading Tuesday after the temporary power company said it has seen mixed results in its first quarter, with strong underlying revenue growth in two of its three regions being impacted by adverse currency movements as previously exp

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4 Mar 2014 13:21

CareTech Trading In Line With Expectations

LONDON (Alliance News) - CareTech Holdings said that it was trading in line with expectations in a statement ahead of its annual general meeting Tuesday. The specialist care and housing support services company said it continued to see demand for its services at a good level, and its new sc

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5 Dec 2013 11:32

STOCKS NEWS EUROPE-UK small caps slip, Premier Foods big faller

The FTSE Small Cap index slips 0.2 percent, underperforming junior-listed AIM shares, up 0.4 percent, as well as the mid-caps, 0.6 percent firmer. Food producer Premier Foods drops 4.2 percent, one of the top fallers on the FTSE Small Cap index, with traders blaming a bearish note from Citi

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5 Dec 2013 08:46

CareTech full-year earnings in line as young people unit blooms

Annual revenues were flat at social care provider CareTech, though earnings increased in line with expectations in an industry that has been battling serious budgetary pressures. Underlying earnings before interest, tax, depreciation and amortisation (EBITDA) rose 6% to £26.4m on sales that crawle

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5 Dec 2013 08:15

Thursday broker round-up UPDATE

AMEC: Canaccord Genuity raises target price from 1125p to 1300p upgrading from hold to buy. AZ Electronic Materials: Canaccord Genuity increases target price from 354p to 404p, while downgrading from buy to hold. BAE Systems: Deutsche Bank takes target price from 415p to 425p keeping a hold recomm

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4 Nov 2013 14:35

CareTech Acquires Training Provider Elmfield

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24 Oct 2013 14:24

CareTech promises in-line results and future cost savings

AIM-listed care home provider CareTech revealed trading for the full year was in line with expectations. Acquisitions late in the year to September 30th of two properties the company had been renting, are expected to be earnings-enhancing as they will save on "substantial" rental charges of up to £

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24 Oct 2013 11:47

CareTech Holdings Says Acquisitions Will Reduce Rent Costs; FY Trading In Line With Expectations

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2 Oct 2013 10:29

BROKER RATING CHANGES: Citi Cuts Randgold And Fresnillo To Sell

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2 Oct 2013 08:02

Wednesday broker round-up UPDATE

Advanced Medical Solutions: N+1 Singer shifts target price from 84p to 90p and upgrades from sell to hold. Afren: Nomura lowers target price from 180p to 170p and retains a neutral rating. Aveva: Panmure Gordon raises target price from 2174p to 2374p and keeps a hold recommendation. Barclays: Soc

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20 Sep 2013 10:42

Broker Rating Changes Summary - SocGen Raises GKN To Buy

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20 Sep 2013 08:06

Friday broker round-up UPDATE

African Minerals: Investec reduces target price from 393p to 246p, while its buy recommendation remains unchanged. Ashmore Group: Berenberg cuts target price from 500p to 470p and retains a buy recommendation. ASOS: Deutsche Bank raises target price from 4450p to 4800p and reiterates a hold recomm

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