Careforce Share Discussion Threads

[karlmarsh] 25/4/2005 14:35

well its worse than an old bids home here, at least in there you get some conversation, albeit about the war and stuff you have heard 15 million times before. I guess it is simply the effect of the dilution that has sent the price down. Any contrary opinions would be most welcome!

[karlmarsh] 22/4/2005 11:14

Does anyone have any idea what is going on? Have all the bids carked? I cannot see any reason for this to drop so quickly.

[karlmarsh] 21/4/2005 10:52

No Apparent reason for the 5% drop today.

[egoi] 11/4/2005 19:00

katie price not doing its homework. I hold. Short term traders have been badly burnt in this one before, likely to happen again.
The trading update proves the market already knows broadly what the results will be: 200p possible but not till November.
Trading Update

Careforce is pleased to announce that it has returned a successful trading
performance during the six months to 31 January 2005 with turnover and gross
profit at significantly higher levels than the same period in the prior year. As
referred to in its AIM Admission document, Careforce has continued to invest in
its central overheads and branch network during the first half and these costs
will be reflected in the interim results. As a consequence, substantially all of
the full year's profit contribution is expected to be achieved in the second
half.

With continuing strong demand by local authorities for outsourced domiciliary
care and taking into account the contribution from Careforce's recent
acquisitions, the Board continues to view the growth prospects for Careforce
with confidence.

[katie price] 11/4/2005 15:25

Just added another 5k...results ahead are going to be much better than expected, with further announcements of more accusitions....

Can expect £2 end of week...

Katie

[martinsim] 11/4/2005 11:31

Can anyone help ?
I am trying to buy some of these shares through my ISA account with iDealing.com but am not able to trade them.
Can anyone tell me why this might be.
Thanks.
Martin
Found out this is AIM therefore not able to be traded in ISA.
I am a little disappointed as I feel this may do well in long term.

[katie price] 30/3/2005 17:37

looks like results 14th April...

Will be buying a few of these babies!!!

Katie

[davemac3] 22/3/2005 22:34

when are the results due and anyone seen any forecasts?

[choppa] 07/2/2005 21:37

RNS Number:2724I
Careforce Group PLC
07 February 2005


Strictly embargoed until 07.00, 7 February 2005


CAREFORCE GROUP PLC

ACQUISITION AND TRADING UPDATE

Careforce Group plc ("Careforce"), one of the UK's leading providers of
domiciliary care services, announces the completion of its third acquisition
since flotation in November 2004 and a trading update following the end of the
first half of its current financial year on 31 January 2005.

Acquisition of Springhill

Careforce announces that it has completed the acquisition of Springhill Home
Care Ltd ("Springhill") for a total cash consideration of up to #1,750,000
payable from existing resources. This comprises an initial payment of #1,000,000
followed by a deferred payment of up to #750,000 dependent on certain gross
profit targets being met over the next year and on the net assets acquired with
the business.

Springhill operates branches in Accrington, Barnsley and Wakefield and generates
around 93% of its revenues through a mixture of block and spot contracts with
Barnsley, Lancashire, Rotherham and Wakefield Social Services. The business
currently delivers approximately 4,000 hours per week and employs 160 carers.
The draft unaudited accounts for Springhill, for the year ended 31 July 2004
show an operating profit of #7,000 (2003: #118,000) on turnover of #2.175
million (2003: #1.525 million) and net assets of #160,000 (2003: #154,000). T
aking into account certain costs of the business, which will cease on
acquisition, the Directors of Careforce believe that the adjusted run rate of
operating profit following acquisition will be substantially higher than that
achieved in the year ended 31 July 2004.

Mike Rogers, Chief Executive of Careforce, commented: "This is an important
acquisition for Careforce as it enables us to extend our coverage into three new
local authorities. We will help the business to increase the number of carers it
currently employs and will, over time, be seeking to develop services into new
areas. This is the third acquisition we have made since our flotation on AIM as
we continue to play our part in the consolidation of the domiciliary care market
at the same time as we pursue organic growth."

Trading Update

Careforce is pleased to announce that it has returned a successful trading
performance during the six months to 31 January 2005 with turnover and gross
profit at significantly higher levels than the same period in the prior year. As
referred to in its AIM Admission document, Careforce has continued to invest in
its central overheads and branch network during the first half and these costs
will be reflected in the interim results. As a consequence, substantially all of
the full year's profit contribution is expected to be achieved in the second
half.

With continuing strong demand by local authorities for outsourced domiciliary
care and taking into account the contribution from Careforce's recent
acquisitions, the Board continues to view the growth prospects for Careforce
with confidence.

[deehill] 31/1/2005 10:54

Anyone know why the big drop today Cannot see any adverse info on file.

[choppa] 12/1/2005 10:56

.....and down she goes.......

[choppa] 10/1/2005 16:51

Added today. Lets wait and see.......

[infront] 04/1/2005 22:40

Thanks Choppa. Intend to hold long term. In for some tommorrow.

[choppa] 04/1/2005 12:53

Depends on whether your a trader on an investor. The latter dont really matter about entry point if its a good'un which it looks as though it is.

Cap. is £9 mill which is relatively cheap imo compared to its same sector collegues.

[infront] 03/1/2005 23:35

I'm a new investor so have quite a bit to learn yet. Would appreciate any advice experienced investors can give. CFG was brought to my attention a little while ago but unfortunately had no funds available. Now I do but the share price has had a good run in a relatively short period of time. My questions are:

1)Is this a poor entry point at this time?

2)Is the current price fair value for this share?

3)What's the best way for me to calculate fair value for a share?

Thanks

[katie price] 02/1/2005 11:02

Melody

The info on their recent acquisitions are in the news links above.

Katie

[melody9999] 02/1/2005 09:35

Does anyone have any financial info on this lot. Can't see anything on website.

katie - more info on acquisitions pls?

thanks and happy new year

[wapper] 31/12/2004 12:26

I agree £2 short-term Katie(very short-term). £3.00 not out of the question within 6 months.Looks like a very exciting share.I bought 10,000 @149.38p today.Happy New Year to all.

[katie price] 31/12/2004 10:56

Up Up and AWAYYyyyyyyyyyyyyyyyyy

Wheres this one going to? I got £2 short term, any other offers??

More accusisitions on the way in the New Year

Katie

[stingray1690] 15/12/2004 12:46

Thanks pesto :-)

[pesto] 14/12/2004 20:15

www.careforcegroup.co.uk

[stingray1690] 14/12/2004 17:28

Evening PC, came across these a few days ago but struggling to find any information on them, have they got a website? Any help appreciated, thanks S.