Rize Circular Discussion Threads

[kulsan] 26/1/2016 15:31

its a huge fall though!!

[loverat] 26/1/2016 15:29

Not sure but at first glance looks like classic big seller trashing the price. Seen stocks like this fall and fall before any bounce.

[kulsan] 26/1/2016 15:16

dump and pump...how they get away with it

[2bigvern] 28/8/2014 08:17

RNS Number : 1812Q
Circle Holdings PLC
28 August 2014



Circle Holdings plc
("Circle", the "Company" or "Group")
Interim results
For the six months ended 30 June 2014
London, 28 August 2014: Circle Holdings plc (LSE: CIRC), the
employee co-owned hospital group, today announces its interim
results for the six months ended 30 June 2014


Financial Highlights

· Revenue under management1 up 5.5% to £102.9m (2013:
£97.5m)
· Group revenue up 11.4% to £48.9m (2013:
£43.9m)
· Positive EBITDAR2 of £0.4m (2013: loss of
£1.0m)
· Operating loss before exceptional items for the financial
period improved by 28.0% to £7.2m (2013: loss of
£10.0m)
· Basic and diluted loss per share of 3.8p (2013: 4.7p loss
per share)
· Cash balance of £31.6m at 30 June 2014 (2013:
£16.8m).
· Revenue growth in CircleBath of 32.5% to £10.6m
(2013: £8.0m). Revenue growth in CircleReading of 60.0% to
£10.4m (2013: £6.5m).
· CircleReading's margins are behind plan as cost base
efficiencies have lagged behind the strong pace of growth.
· £6.5m of revenue generated under the first three
months of the new Bedfordshire MSK contract which became fully
operational in April 2014.
.
Operational Highlights
· Day case and inpatient volumes, excluding Hinchingbrooke,
up 6% to 21,520 (2013: 20,244)
· Strong demand from NHS at independent facilities; NHS
patient volumes up 52% in Bath and 235% in Reading
· Hinchingbrooke hospital won leading National award for
patient care in England
· At Hinchingbrooke, the Group expects the commissioning
environment to remain highly challenging for 2014-15, as the NHS
funding mechanism has produced higher than normal tariff reductions
for NHS hospitals despite our record of delivering nationally
recognised quality of care for patients.
· Patient recommendation, at Circle's independent facilities
and its Nottingham NHS Treatment Centre, remains at 99%
· Successfully commenced operation of the five-year
integrated musculoskeletal ("MSK") service contract in
Bedfordshire
· Group ownership restructure ("Project Reset"), to give all
partners including NHS staff access to tradable shares in Circle
Holdings plc progresses towards completion before the end of the
year.

1 includes revenue generated at Hinchingbrooke which is managed by
the Group, but not included in the Group's consolidated revenue
2 defined as Earnings Before Interest, Tax, Depreciation,
Amortisation and Rent

[2bigvern] 28/5/2014 11:42

Very good article. This is only be held back because of those dithering politicians who will show no balls when it comes to dealing with the waste in the NHS.

[eeza] 28/5/2014 09:04

Nice write-up for Circ.

[vermilion1966] 21/5/2014 17:31

May 19 (Daily Mail) -- A FAILING NHS hospital has won a major health award just two years after it was rescued by a private firm.
Hinchingbrooke had been described as a 'basket case' for running up debts of [pounds]40million while letting standards plummet.
But, in an extraordinary turnaround, it has been voted top in the country for patient care. Areas assessed included mortality levels, readmission rates and speed in dealing with cancer cases.
The Cambridgeshire hospital, which is run by Circle, expects to break even this year and produce a small surplus in 2015.
Its success is a blow to Labour leader Ed Miliband who last week claimed the NHS was going backwards thanks to private sector involvement.
Julie Bailey, the founder of Cure the NHS who helped expose the Mid Staffordshire neglect scandal, said: 'What this shows is the potential of allowing those on the frontline to lead, as Circle do.
'The potential is there within the NHS - the majority of people wouldn't care who provides their services as long as it was safe.' Hinchingbrooke, which is in Huntingdon and serves
160,000 patients, was described as a 'financial and clinical basket case' by then health minister Earl Howe in November 2011. The Royal College of Surgeons branded the 369-bed hospital 'dysfunctional'.
It was among the lowest ranking trusts in the region for patient satisfaction. Waiting time in accident and emergency regularly exceeded four hours and every target for suspected cancer patients to be seen within a fortnight had been missed since June 2010.
Circle took over in February 2012 - the first private contract for an NHS hospital - on a ten-year deal and quickly saw results.
It topped a ranking of 46 trusts in the Midlands and East Anglia for A&E waiting times, with 98.2 per cent of patients seen within the required window. It was fifth for referrals for cancer tests.
A key to the transformation was loosening the grip of managers and accountants. The majority of the 15 board members are now clinicians.
Doctors, nurses and admin staff have also been put into small groups which have representatives who meet senior managers twice a month to flag up problems.
Nurses can recommend that consultants adjust the way they work. Patients are asked for feedback and any problems must be dealt with within three weeks.
Circle's John Lewis-style blueprint could be adopted at other failing hospitals, although insiders believe no decision will be taken until after the general election.
Circle reduced the annual [pounds]10million deficit to [pounds]3.5million in its first year - and made up the difference with its own money.
This dropped to [pounds]1million last year and the trust, whose chief executive Steve Melton is a former Argos supply chain director, expects to break even this year before moving into the black in 2015.
A spokesman said: 'The biggest chunk of the savings was from improving quality. Bad quality care exposes you to lots more litigation for mistakes. Patients also stay longer than necessary or have to come back for further treatment. Locum costs have also dropped. There is a 50 per cent premium for temporary staff and the hospital had problems with recruiting as people didn't want to work there.' Private firms already own and run limited units for the NHS. Circle operates day-surgery units in Nottingham where routine operations including hip and knee replacements are carried out - but the wholesale takeover of a hospital had never been approved previously.
Huntingdon Conservative MP Jonathan Djanogly said: 'Before this contract was in place there was an annual deep breath about what was going to happen and whether the hospital was going to survive.
'Now there's a future for the hospital and we know through the security of the contract that they can operate for a certain period. I don't know where that leaves Ed Miliband.'
Hinchingbrooke was the only small hospital on a CHKS Group quality care awards shortlist of five on Tuesday.
The 12 indicators looked at by an expert panel also included rates of emergency readmission, discharge within 56 days of emergency admission for strokes and discharge within 28 days for hip fractures.
Mr Melton said: 'Two years ago, Hinchingbrooke suffered from a series of problems so severe it faced imminent closure.
Now, thanks to the incredible efforts of our leading doctors and nurses, we are the topranking hospital for quality of care in the whole of England.
'It is clear proof the growing number of hospitals in special measures across the NHS can be transformed too, staying open to deliver the critical services their patients need.' A Department of Health spokesman said: 'Patients should get the best possible care, regardless of who provides it.'

[molybdenum] 21/1/2014 05:45

Around 2m sold off 16 Jan including one trade of 1750000 but the price stays strangely firm.

[molybdenum] 09/1/2014 14:25

Another couple of hundred thousand shares offloaded in chunks today - I'm assuming these are quick profits on the placement at 50p especially Numis' option.

[molybdenum] 08/1/2014 19:33

"8 January 2014
Circle Holdings has confirmed that Numis Securities has exercised its option over 5 million shares granted in connection with a placing and subscription announced on 20 December. The option shares have been conditionally placed at a price of 50p."

And somebody has been unloading almost 200.000 of 'em today, bringing the market offer price down to around 59p. But there's some support there too. Another buying opportunity for those who take a view of six months or more?

[mach100] 01/1/2014 12:29

Bouncing around like Zebidee.I suppose if the state of the NHS becomes an election issue and we get a cast iron pledge from Nick and Dave, then these would certainly benefit. Just too volatile for me and too much uncertainty in the NHS and the austerity squeeze.

[molybdenum] 01/1/2014 11:39

Yes, going up again in its tiny market.

[molybdenum] 20/12/2013 09:10

They had signalled a placement was coming.

www.trustnet.com/Investments/Article.aspx?id=201312200700120495W

£25 million share placing with institutions at 50p, Lansdowne and Invesco particularly.

Encouraging statement of trading and intentions.

Buying opportunity around now?

[simon gordon] 20/12/2013 08:03

Interesting that the price was puffed up and then a fund raising at 50p.

[molybdenum] 18/12/2013 10:30

Momentum investors selling out (? - unless there's news not showing on my searches) and the share price back down to its 30-day moving average. Which could be a reasonable entry point if you share the views above.

[molybdenum] 13/12/2013 08:49

CIRC looks well placed. Over the past two years it has demonstrated successful turnaround in an area of failing NHS Trusts. It's improved care quality. It resonates with the public and with professionals in its approach (putting doctors and nurses in the decision process and applying common sense). It seems to have attracted senior Conservative support as a new model of the kind of thing they want to see in the NHS. It has improved its clout by recently partnering with Capita. It is preferred bidder for the SE musculo-skeletal contract in several counties. The mutual structure of the individual Circle operations will appeal to Labour too, and this looks like a share with prospects under either Conservative or Labour led governments. The missing elements so far are profits and dividends, but the financials trajectory is encouraging.

[mach100] 12/12/2013 21:58

Think it is going up on low volume. Caught my attention a few days ago but unsure whether this austerity lark affects health spending. Issue Osborn said the nhs et al were only ring-fenced in the autumn statement. Wish I knew when this spike will stop but it is surely two seconds after I press buy ;)

[stegrego] 10/12/2013 20:32

Trebled in a month. Took my eye off this and look what happens!!

[molybdenum] 10/12/2013 11:36

This continues to rise and rise. I'm surprised it hasn't attracted more attention on this forum since its last half-year (to June) results were published in October - after which it's gone up steadily and remarkably. Including, even more remarkably, after I bought some at the beginning of last week!

But who is buying?

[molybdenum] 04/12/2013 16:22

120% up since that article.... Bidding for more contracts on the strength of results seen as good at Hinchingbrooke.

[zaksab] 30/5/2012 16:52

Depends whether you think the whole share base (i.e the new money plus the old shares in issue) is collectively worth 70p. Yesterdays market reaction implied that the new money was worth what was raised but the old shares were worth next to nothing so consequently the shares were well below the 70p underwritten issue price to reflect this. Today the market is reconsidering that assumption. Of course the new providers of finance must believe the old shares are worth 70p at the very least.

[bozzy_s] 30/5/2012 14:23

If they're being funded @ 70p then I guess it would've made sense to buy loads @ 45p on the market. Regardless of past performance etc.

[loverat] 30/5/2012 08:18

Looks like this might be going back up again.