Caretech Share Discussion Threads

[essentialinvestor] 24/10/2013 08:15

Net debt now of over £160 Million.

[lozzy2] 01/10/2013 08:36

What is going on here ?

Bought into these in January at 149p; they looked to be undervalued, but far
from exciting.

Now at 230p and no news to account for this rise that i can see.Pretty uninspiring interims in June; some juggling of institutional holdings; a couple of re-iterated buy broker ratings;

I've got plenty of other 'undervalued' holdings; i wish i could figure out where this stock got it's Viagra from !

[cyfran101] 28/8/2013 20:39

Great to see them reducing their inflation link with the freehold purchase and confident director buys.

However that debt pile is getting bigger. Its fortunate interest rates are not forecasted to rise too much in the short to medium term.

[wiwaxy] 11/3/2013 18:22

Interesting rise - is the long awaited bid coming?

[cestnous] 04/2/2013 14:38

Still watching. May be in SCSW this month

[drunken monkey] 04/2/2013 14:36

Impressive chunky trades - looks like someone with deep pockets doesn't want it to drop any further?

[drunken monkey] 23/1/2013 11:42

Yay! Was feeling like Charlton Heston (Will Smith) in The Omega Man (I am Legend)...

CTH is on my shopping list too.

[cestnous] 23/1/2013 08:54

No you're not GM! I was out @ 177 as I could see no reason to stay in at that price. I will get back in as news becomes available.

[drunken monkey] 23/1/2013 08:52

For the sake of completeness - have exited this morning - break even if I include the divi. Looks like its heading South - might be going to 126p or still a gap that needs closing at 111p. Pointless post as only I read this board!

[drunken monkey] 03/1/2013 12:01

...anyone who uses the MACD as an indicator might be about to jump on btw... I'll shh now

[drunken monkey] 03/1/2013 11:59

Just me talking to myself?... Oh well, glad I got that spread on with GFT on the 27th. Some chunkyish buys coming in this morning...

[drunken monkey] 27/12/2012 14:16

Can't resist a cheeky little spreadbet long at 149.25

[drunken monkey] 21/12/2012 18:25

Today's institutional seller booking some profit for 2012:

[drunken monkey] 21/12/2012 16:39

Nope. Just a few sellers at 149p....

[drunken monkey] 21/12/2012 16:33

No point in buying it as it contines to fall... Just watchin L2 on the close to see if any sneaky buyers lurking at 150p...

[cestnous] 21/12/2012 14:39

DM

I did almost exactly the same and agree with your comments. Will wait for this to stabilse before going back in, or see a reason for this large fall.

[drunken monkey] 21/12/2012 13:40

Rode it up from 95p to 172p (give or take as about 5 tranches) this year. Meantime got paid dividend for the priviledge.

Its got lots of debt but its well run & generates lots of cash providing a quality care service. I had a target in mind of 215p when I bought but it clearly ran out of steam so I exited.

Bank facility has been re-negotiated, they are still growing & making more so I'm wanting some more of that lovely regular divi plus getting my 215p target!

[essentialinvestor] 21/12/2012 11:38

DM, how come you like CTH?.

[drunken monkey] 21/12/2012 10:33

Hmmm. Gap closed via someone dumping approx 1m shares this week (all being bought by Henderson Fund I'm guessing) Now what? 140p seems on the cards, but could it go sub £1 again before recovering????

[drunken monkey] 19/12/2012 14:17

Thanks guys. Had a worry it was 25%...

Goes ex-div 16th Jan worth 4.3p. Looking to get on board before then but I guess its all about the timing!

Henderson clearly happy to hoover up stock as it drifts down.

[essentialinvestor] 19/12/2012 13:00

29.9% is the upper limit?, from memory.

Not holding CTH currently, they need to pay down debt and forget
about any further expansion over the next 2/3 years is my own view -
may be taken out before then.

[c1d] 19/12/2012 12:57

I think that if they went above 30% they would have to make a bid for all the remaining shares under stock exchange rules. Below that it would depend on any internal limits that funds set which would almost certainly vary from fund to fund.
This is what I believe is the case but I am not a corporate lawyer!
Regards

[drunken monkey] 19/12/2012 12:22

Gap closing to 152p or something more serious...?

Also note that Henderson's stake is up to 23%. Anyone know what the max stake a fund can take? - As once they've hit that, they are obviously out of the market.

[major clanger] 11/12/2012 17:52

I agree Wiwaxy.

I had another look at CTH today and while Canaccord have downgraded from buy I think they will benefit in the mid to long term.

This was the most useful thing I saw:

[wiwaxy] 06/12/2012 16:50

Solid results imo. With moves afoot to increase financial transparency in the industry, and upcoming changes in NHS commissioning, with quality a main driver, I think these will do well.