Nestor Healthcare Share Discussion Threads

[trendfloor] 05/10/2010 20:25

And the Brokers like it aswell......

not suprised on just a miserly forward P/E of just over 12 going into 2011
derd cheap.

Nestor Healthcare Group PLC

FORECASTS 2010 2011
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Brewin Dolphin
01-10-10 ADD 10.40 6.50 2.30 11.50 7.20 2.50

Investec Securities
29-09-10 BUY 11.21 6.97 2.57 11.63 7.33 2.83

2010 2011
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Consensus 10.83 6.75 2.44 11.57 7.27 2.67

1 Month Change -0.00 -0.00 -0.00 0.00 0.00 -0.00
3 Month Change 0.66 0.43 0.11 0.33 0.28 0.13


GROWTH
2009 (A) 2010 (E) 2011 (E)

Norm. EPS % 20.33% 7.72%
DPS 100.00% 22.10% 9.50%

INVESTMENT RATIOS
2009 (A) 2010 (E) 2011 (E)

EBITDA £10.98m £13.11m £13.88m
EBIT £9.67m £m £m
Dividend Yield 2.22% 2.71% 2.96%
Dividend Cover 2.80x 2.76x 2.72x
PER 16.09x 13.37x 12.42x
PEG f 0.66f 1.61f
Net Asset Value PS -15.89p p p

[cockneyrebel] 05/10/2010 17:53

Interim Management Statement was on Oct 30th last year so an update by then at the latest imo.

Nice little bowl formed here too.

CR

[trendfloor] 05/10/2010 17:24

health Companys top of the loser board today.

No panic at all.

[nellie1973] 05/10/2010 16:34

Hang fire, not enough selling to justify a pull out, Im staying!

[pstubbs50] 05/10/2010 12:27

"Down it goes. Is this the signal of no iminent bid. Maybe the dividend is what we should be happy with and forget any takeover?
Any views from other holders?"

Yes - it went up a bit last week and it's come down a bit this week. Hardly the signal of no bid. Be patient...that's what I'm trying to do anyway!

[miikke] 05/10/2010 11:49

Down it goes. Is this the signal of no iminent bid. Maybe the dividend is what we should be happy with and forget any takeover?
Any views from other holders?

[pstubbs50] 04/10/2010 11:39

Have a look at the volume - just a couple of small sells. I'm waiting this one out.

[miikke] 04/10/2010 11:37

Is it walk away time? Whats going on?

[riskier] 04/10/2010 09:23

'materially' to me feels like 20-30%

[pstubbs50] 04/10/2010 09:16

At a 90p bid, Nestor said that it materially undervalued the company. Personally 120p is more realistic than 100p. Hope so anyway.

[gswredland] 04/10/2010 08:20

Blimey i was thinking 100-105

[trendfloor] 04/10/2010 08:15

Certainly did.

Looking for 120p pretty quickly here.

[pstubbs50] 04/10/2010 07:50

let's hope the telegraph are good on the rumours again - worked last time!

[trendfloor] 03/10/2010 21:01

Bid on way???

[mg1982] 03/10/2010 14:02

excellent news for us, an indirect news update for NSR. we now know that there is a possibility of 2 bids - Acromas and Blackstone, this would explain the current price being more than 90p. Add to this that both Schroders and Gartmore have more than 29% each. I wouldnt be surprised if they approached other potential suiters to boost the price even further. I have been holding these when they were 30p and have no intention of selling until they have a bid which will happen, even if not now, in the near future. We should expect an update from NSR wc 11th oct.

taken from:

"...Acromas's interest in Allied Healthcare comes as it also holds talks to buy Nestor Healthcare, a UK-listed provider of social and primary care services.

In August, Acromas, which is owned by buy-out firms CVC Capital Partners, Charterhouse and Permira, said that it had written to the board of Nestor outlining plans to make a 90p a share bid.

However, Nestor said that the unsolicited approach by Acromas "materially undervalued the company and was therefore rejected". Industry sources, though, reckon Acromas is now carrying out due diligence on Nestor, which generates two-thirds of its revenue from social care for patients in their home and about a third from primary care of patients.

Acromas is not the only company looking to consolidate part of Britain's fragmented healthcare sector.

Earlier this year, US private equity giant Blackstone snapped up Independent Clinical Services (ICS) for £130m. Blackstone is now in negotiations to buy Pulse, the staffing agency for doctors, nurses and social workers. The buy-out giant is then likely to merge Pulse with ICS.

Meanwhile it was reported last nightthat Hugh Osmond is eyeing Blackstone's Alliance Medical through Horizon, his quoted bid vehicle.

Allied Healthcare and Acromas both declined to comment."

[cockneyrebel] 01/10/2010 19:46

Not any profit taking either from what I can see.

Reckon the tick back was the mm's hoping to trigger sellers - bad luck, it never worked.

Well over the 90p bid price now which means one of two things imo.

1) there's another higher bid coming.

or

2) the price will cause the bidders to up their offer.

I can't see any other reason why these have soared to this level on volume like that back in early Aug.

We'll see soon hopefully.

CR

[smig4] 01/10/2010 17:34

Just waiting for the next bid ......

[killieboy] 01/10/2010 09:52

Very quiet round here today ........ so far!

[gswredland] 30/9/2010 13:30

Great big trades going through..

[riskier] 30/9/2010 10:53

Price now over 90p, so maybe another bidder (Blackstone??) or an improved offer...

[curlylocks] 30/9/2010 10:28

Just tried to buy some online - selftrade wouldn't allow 1000 online. Tradefair not accepting SB online - call only. Interesting !

[kimball808] 30/9/2010 10:27

nice fat trades going through....:-)

[the juggler] 30/9/2010 09:12

Dave - This is not a disimilar chart and has served me well enough. Follow the pattern...

[davemac3] 30/9/2010 09:07

not classic C+H the juggler, for that the cup forms after an initial rise

[the juggler] 30/9/2010 09:01

Interesting chart - thanks to CR to drawing my attention to this share

Looks like a classic cup and handle formation