Claimar Care Share Discussion Threads

[knowing] 20/7/2009 16:02

Hopefully just as low volume drove it down the recipricol will be true.

[knowing] 16/7/2009 22:28

Looking oversold

[dibbs] 16/7/2009 00:32

Not much stock around then. Hope 10p ish mid holds otherwise I reckon it'll be back to 8p:-(

On the plus side, the more it falls the higher the possible multiple for a buy out!

Strangly very quiet.....

Dibbs

[knowing] 14/7/2009 10:24

Cannot get a quote for 10k now

[knowing] 13/7/2009 12:46

Hopefully see a multiple when the bid comes.

[knowing] 10/7/2009 17:08

EI both wrong. M/c is 49.995M (Shares in issue) X 11p (mid price) = £5.5M exc debt etc

[the big fella] 10/7/2009 17:02

Indeed and the balance sheet is loaded with intangibles. But saying that if they can reduce the debt and the restructuring delivers organic growth then there could be a decent recovery play.

[essentialinvestor] 10/7/2009 16:55

Its nearly £23.0 M with debt and they made less than £800,000 for the half year.

[knowing] 10/7/2009 16:10

£3.3M M/C is a little silly for this.

[the big fella] 10/7/2009 15:07

Dibbs

It is only a reaction to a drip of small sales and prevailing market sentiment. The share price was actually marked up following the announcement and there was a purchase of 200k.
I admit there were plenty of questions raised in the recent statement, and the future would be uncertain if no sale of all or part of the business prevails. A difficult one to call.

[dibbs] 10/7/2009 14:55

The offer is massively down in recent days though. The market does not seem to think that they will be taken out and is valuing CCGP accordingly.

Dibbs

[knowing] 10/7/2009 13:45

No discount on the offer now.

[knowing] 08/7/2009 09:50

Silly volume

[the big fella] 08/7/2009 09:14

Things not looking too clever at present, although they have fallen back on negliable volume. They need to hold 10p though.

[tinker tailor] 06/7/2009 23:39

Heard that an offer is not far off now. Would expect as a minimum 30% premium to todays price but realistically 100%.

[dibbs] 04/7/2009 11:16

Cheers, knowing.

Struggling to hold since I know the name is a Claire/ Mark hybrid...So much for F1 vigour..

Dibbs

[knowing] 30/6/2009 15:06

Could well be as sure the news was priced in. Blue finish?

[the big fella] 30/6/2009 15:04

You get the feeling this mornings price move was to try and scare some shares out to fill some bigger orders. Could end up blue today. I fancy the guy who was buying 75k lots recently is back for some more!

[knowing] 30/6/2009 13:23

Full offer being asked.

[the big fella] 30/6/2009 12:54

Price recovering now. Nice 200k delayed purchase.

[whiterussians] 30/6/2009 10:34

Breached bank covenant - see the notes. Cash generative? pah. Only paid down debt by 70k last year



Banking Facilities
The Group commenced discussions with its bankers, RBS, on refinancing in January
2009; however the start of the strategic review meant that it was no longer
sensible to conclude a refinancing, as the Group could not be reasonably certain
about the size, length or structure of the facilities required, given the
uncertainty over the future shape and ownership of the Group.

reading between the lines RBS are saying go elswehere and not renewing the facility - hence a need to trade sale. Oh dear.

[the big fella] 30/6/2009 10:15

Interesting read and quite a confusing set of results. The results need to be taken into context. This group is pretty much priced as if it is going bust. That may still be the case as there were lots in there to spook shareholders, but missing profit forecasts does not mean no profit. Indeed guidance was for in excess of 5p eps. If we shave that down to 3p then we are still cheap at todays price. The underlying business is hugely cash generative, which should appeal to any suitor. Time will tell.

[mister md] 30/6/2009 09:26

having said that, rest of results not too special and "indicative conditional proposals" does not sound too definite to me

[knowing] 30/6/2009 09:06

Just sit back and wait for the bid which must surely be a multiple of current price.