Claimar Care Share Discussion Threads

[pictureframe] 30/6/2008 15:58

Hmmmmm director buys 2.9 million shares

[2bodeswell] 30/6/2008 08:44

fleet street letter tipped this strongly in april when it was about 100p, pleased ah did not jump in...what a meteoric fall

regards and good luck to those who hold

jb

[studhaves] 24/6/2008 12:06

Why not ask Peter Temple what he recommends ;)

Ask him what he thinks of ZRX now..

[edmundshaw] 23/6/2008 15:34

No real guidelines as to EPS.

I looked at this after the Peter Temple article, but, while it looks like a good sector, I was not impressed by the balance sheet or the negatives of the working time directive and the unpredictable business outlook. Glad I dodged this bullet at least, I have enough holes in me as it is... :-)

At some point this may be a raging buy; right now, though, with little clarity from the trading statement, it seems nothing short of a punt. IMO. Unless you know the business very well, of course...

[pictureframe] 23/6/2008 14:33

short this, a cash call is a dead cert

[pictureframe] 23/6/2008 14:33

short this, a cash call is a dead cert

[pictureframe] 23/6/2008 07:53

oh gear - sub 10p here we comes

[steveb3] 20/6/2008 22:14

Peter Temple last year declared in his iii growth portfolio that he and his familiy also has a personal holding. With regard to his portfolio holding I am a little surprised that he has watched the share price drop from over 160p to 30p before deciding to set a stop loss !

[goodnight1] 16/6/2008 08:40

Thanks Simon,

Think I will wait and see what the profit is like first.

[simon gordon] 14/6/2008 18:02

Brewin forecast - 12/5/08:

9/08
T/O - 60.8m
PBT - 4.9m
EPS - 7.1
DPS - 1
Y/E Debt - 19.9m

9/09
T/O - 72.5m
PBT - 6.6m
EPS - 9.5
DPS - 1.3
Y/E Debt - 16.5m

[goodnight1] 14/6/2008 15:51

I see Peter Temple talked this up again this weekend.

Why would anyone want to buy this share at even these prices. It is on a PE or 10 say pays no real dividend, has to spend millions to increase turnover but then produces a tiny profit on this increased turnover.

Without further acquisitions this looks dead in the water and even at 20p looks expensive.
There is more risk at HBOS but at least some day you will get a reward.

Could anyone explain why I should buy??

[simon gordon] 22/5/2008 15:12

The one point that is stopping me from digging further into CCGP is the fact that management spent 33.1m for Complete Care.

This seems an insane price!

The balance sheet has been wrecked by this purchase.

I note that Peter Temple at iii has been buying more as it has fallen.

[golden cross] 20/5/2008 13:39

With price now down to 41p the lower multiple looks very attractive at this price.

[hsbcpremier] 19/5/2008 18:56

debts are high at £21m++ and the fd walking is a bit of a worry, cant see banks being best pleased

[igoe104] 10/5/2008 10:31

I AGREE, i think this will stagnate over the next 18 months or even drift, before it will evenually sort itself out. it reminds me of osh, they grew too quickly and payed the price, but evenually rocketed up a few years later after it sorted itself out, i expect this to come good evenually but it will take at least two years for it to happen, i expect this to drift down even further over the next year or so.

[stemis] 10/5/2008 10:05

Just as an aside.

CCGP looks cheap (prospective 2008 P/E of 7.1) but take account of the debt (if the IC is correct) and it isn't so cheap:-
Market cap £29.5m
Debt 20.0 (if IC is correct)
Enterprise value 49.5

2008 Forecast PBT 5.75m
Add: back interest 1.25
EBIT 8.00So EV/Taxed EBIT (i.e. debt adjusted P/E) of 8.8.

[stemis] 10/5/2008 09:54

If the IC is correct then the debt is the killer here. Companies like Claimar (consolidating fragmented geographic markets) need the headroom to make tuck in acquisitions. Claimar hasn't because it has used up most of its debt capacity for the one big strategic step up. They should be funded solely from equity (with a bit more for working capital). However companies like Claimar always seem to think their shares are undervalued so they convince themselves that using debt is more earnings enhancing. It is on paper, but the market just de-rates the shares. Then when things don't go exactly to plan, the share price falls, funding raising becomes impossible and the strategy all becomes about paying down the debt.

I expect the share price to stagnate for the next couple of years. Just like ATCG (consolidating telecom systems) and PUG (consolidating the social work/teaching temp market). Both made the same mistake.

Shame really. I liked the sector.

[igoe104] 10/5/2008 08:46

FROM THE IC.

[man overbored] 09/5/2008 10:48

Unplanned departure of FD/Neutral TS/pathetic BS = disaster,imo.

[tsmith2] 09/5/2008 10:14

IN!

Trading Update etc.




RNS Number:0681U
Claimar Care Group PLC
09 May 2008

Interim results and trading update


Interim results

Claimar Care, one of the UK's leading providers of domiciliary, high dependency
and acquired illness care services to local authorities, Primary Care Trusts and
the NHS announces that it will publish its interim results, in respect of the 6
months ended 31 March 2008, on Monday 30 June 2008.


Trading update

In general, the current financial year to date has been one of further progress
for Claimar Care:

*The group has been successful in winning two new contracts with an
aggregate value of approximately #13,728,000 during the expected five year
term of the contracts. One of the contracts has been awarded by an existing
local authority where we have been awarded a 50% increase in volume, the
other contract awarded is in Rotherham, a new client for the group. These
two contracts will add over 5,000 hours per week when they reach their full
value. On the other hand, we were unsuccessful in extending three other
contracts, in two cases because we considered the proposed fees to be
untenable; these three contracts represented approximately 1600 hours in
aggregate.

*Unfortunately, as anticipated in the 2007 annual report, we have been
unable to recover fully the increased cost arising as a result of the
working time directive.

*We completed the #33.1 million acquisition of Complete Care Holdings
Limited, a Shropshire based provider of bespoke care packages for the
severely disabled. Complete Care is experiencing encouraging levels of new
business.

*Primary Care Services, our training services provider, is experiencing
high levels of activity, new enrolments for its NVQ courses are in line with
our expectations; there remains a significant level of opportunity in this
area, in supplying services both to our group companies and other providers
in the market.

The Board anticipates that the interim results will represent a substantial
improvement over those of the prior year. It also anticipates, in light
primarily of the factors described above, that the performance for the year
ending 30 September 2008 will be broadly in line with current market
expectations.

Non- Executive Chairman John Crabtree commented:

"The group continues to make good progress and we continue to view its prospects
with every confidence".


Enquiries:

Mark Hales, Chief Executive
Claimar Care Group plc Tel: [phone]

Chris Fielding
Arden Partners plc Tel: [phone]

Paul Vann/Tom Cooper
Winningtons Financial Tel: [phone]

[kenmill] 09/5/2008 09:50

When the FD resigns and leaves in the middle of the month "by mutual agreement" it is a very negative sign - especially when they can't name the replacement yet - not for another month. Who knows what the new FD is going to find ?

[tsmith2] 09/5/2008 09:37

02-May-08 Arden Partners Buy 89.50p - - Reiteration

33% down, harsh!

[jailbird] 09/5/2008 09:02

igoe,

glad never bought these..hope you other tip sinosoft fairs better!!..:-)

[igoe104] 09/5/2008 08:58

IM SO glad i got out off this one months ago, its going from bad worse.