||EPS - Basic
||Market Cap (m)
|Health Care Equipment & Services
Real-Time news about Clearstream (London Stock Exchange): 0 recent articles
|adamb1978: Look at the financials rather than the share price and use that to decide what the future of the company holds. Share prices everywhere are getting battered at the moment so I'm personally less concerned that my YTD returns have dropped....provided the companies which I'm inveted in continue to produce solid results, are moving in the first direction etc|
|2vdm: Good write up on CTN. Tip of the Day in UK Analyst today. Here's the header:-
"ClearStream (CTN) was first tipped on WatsHot.com just under two weeks ago. Since then the share price has already shot up by over 6%. But with a growing product range in a niche area of healthcare that looks set for strong growth over the coming years, editor James Faulkner believes the shares have much further to go."|
|hastings: Shares comment
Clear Stream Technologies, a medical devices company, is a BUY for Shares. The last fortnight's 15% drop in its share price from mid-March's 57p peak offers an excellent opportunity for investors. Clear Stream 's main engine for growth is the peripheral angioplasty market, which is a relatively new and rapidly growing surgical procedure. It accounted for 72% of all sales in the first half of its financial year. The US market for this kind of product is estimated to be $2.8 billion and is forecast to double by 2016. The £22.1m cap of Clear Stream has already partnered with two major US distributors, Cordis and C.R.Bard.
So massive growth on the agenda, with capacity to meet demands in place.
Best observation is that the mkt cap remains tiny compared to peers.
If all continues to plan then a valuation of nearer £40M would look closer to the mark.|
|hastings: There does appear to be potential for beating the numbers given how they expressed that CTN was comfortably in line. And if that transpires next years EPS estimates of circa 8p would look achievable. Expect the share price to continue with momentum, countered by the odd profit taking.|
|ianst99: Estimate of 2011 figs.
From previous Interm and Final results
Interms loss .7m
Finals profit .5m Also stated 4th qtr 25% greater than 3rd qtr
1st and 2nd qtrs -.7m
3rd and 4th qtrs profit 1.2m to give finals of .5m
again from above 4th qtr was 25% greater than 3rd this equates to
3rd qtr .533m 4th qtr .666m (total 1.2m)
Using 4th qtr as bases for 2011 forecast
=.666m *4 = 2.666m eur say growth 20% = 3.197m eur
from finals .5m =eps of 1.12c
therefore 3.197m = eps of 6.394c (eur) or 5.4p eps
Say PER of 15 = 81p share price Dec 2011
|hastings: Once again,I concur with you S, and really think that the stage is set for an uplift in expectations and therefore the share price. PS, take a look at DTE;|
|duediligence: This may explain a few things - taken from citywire.co.ukVersion
Who, if anybody, will come in with a bid for property group Chesterton International? You can rely on Jemma George for an educated guess.
One company in strong position to bid, backed by very good trading and a robust share price, is Reliance Security (RSG) - like Chesterton a big player in the facilities management game.
It was in late May that Chesterton (CTN), on the ropes after revealing a GBP2.9 million trading loss as property markets weakened, said it had received approaches from unnamed third parties that could trigger a bid.
The two companies overlap in more senses than one Reliance already holds a 16.7% strategic stake in Chesterton. But their other interests vary Reliance, as its name suggests, has a security division, while Chesterton is also a residential and commercial estate agent.
Chesterton has had a tough time on the stock market with the shares trading between 15p-36p over the last five years. With two profit warnings in three months from the estate agency side, its bid prospects that have supported a rally in the shares to 24.5p.
The facilities side, Chesterton Workplace Management (CWM), is profitable and continues to trade well. It has a GBP600 million order book and clients such as Cable & Wireless, ICL, the Treasury and St George's Hospital. CWM also has a joint venture with Desenco in Benelux and intends to seek similar opportunities in Europe.
It is the disparity between the two sides that is so frustrating for shareholders and puts the board under pressure to deliver some value.
Something is likely to happen at some point. If the current talks collapse, the shares will almost certainly retreat but that in turn would offer a better opportunity for other predators. The management cannot afford to be too demanding at this stage.
So what about Reliance? Its just released impressive results including an 18% increase in pretax profit to GBP11.5 million for the year to March on sales growth of 28.8% to GBP231.6 million.
Reliances FM side is booming with new contracts over the year totalling GBP22 million and major contracts with the Criminal Justice System and BT Group. The FM/outsourced business process market is thought to be growing at around 15% a year so a combined Reliance/Chesterton FM business would have scale to exploit opportunities here and in Europe.
Aside from strong shares, Reliance has net cash of GBP2 million and facilities for a GBP25-30 million offer, comfortably above Chestertons GBP20 million market value.
On the downside, what would Reliance do if it inherited a non-core estate agency business one that failed to cut the mustard in the boom times and is now facing the prospect of higher interest rates? It could sell it off, but that would take time.
Just to be clear - there are no guarantees that Reliance has approached Chesterton or that it will make a formal offer soon; but its strategy is to grow organically and through acquisitions; so far the 16.7% stake in Chesterton has added nothing and its time to take decisive action.
It is a risky business trying to second guess a takeover but for those willing to take that risk, Chesterton shares offer a reasonable potential return in an otherwise tough market. A bid at 33-37p, with a choice of cash or Reliance shares, should clinch it.
|phipster: Either yesterday's Independent or the Times said that there was a possible bid coming in from Taylor Woodrow for Chesterton, which is why the share price rose on Christmas Eve.
Hurrah! That should put us shareholders out of our misery.........|
|simonevans: Chesterton has an excellent brand and a good business model - one day they will deliver and the share price will rise significantly. They could also be taken out by another operator before growth plans realised....indeed, I am surprised that they haven't been taken out over the last couple of years by a US predator.|
Clearstream share price data is direct from the London Stock Exchange