||EPS - Basic
||Market Cap (m)
|Health Care Equipment & Services
Shiloh Share Discussion Threads
Showing 326 to 347 of 350 messages
|The third day of high share turnover(for SLH anyway), would be nice if another
institution came on board. Will await an RNS.although not holding my breath.|
|Nice 25k gone through at 105p.At least its something.|
|According to the Synergy results statement today they expect"..the award of 4 wave one contracts this summer"for NHS Sterilisation services.Hope springs eternal that SLH will actually get one.Might even be positive for the share price in expectation.|
|Well they have sold the Retail Division of Active Care for £210,000 which is more than likely a good move , will go towards paying back debt which is still
high.They should be getting a new Finance Director next month , hope he has
plenty of red ink for his first day in the office!
Too early to say whether this a good recovery play but I would not be suprised to see this as a turnaround point for the share price.
Still holding , considering a top up.|
|Do not like this from the recent rns
" As a consequence, there will need to be a substantial write down of goodwill in the Active Care Division and also for a material provision against stock which will be redundant as a result of the changed emphasis of the business. "
The words "substantial" and "Material" suggest to me that someone has uncovered a very nasty can of worms - Any views?|
|Forgot this share could go up, albeit from a low base, is someone "sniffing
a bottom"?As far as i can tell the share trades do not justify the bounce
unless there is demand in the background.
Looks like the losses at Active Care may have prompted a boardroom shakeup
a new Chairman and Vice Chairman and according to the interim statement"other board changes will include a new Finance director" . What other board changes?
What is Farouk Sheikhs(the new vice chairman)role? Has John Edwards( the existing Finance Director) resigned ? Has any body got a clue?|
|A market maker buys 2500 @1.55 and the offer price goes up 5p to 160p with no
other reported trades . Looks like we may be on a run on SLH but why?( apart
from wishful thinking on my part).
Actually there was a mention in the IC that SLH had tendered for four NHS
Sterilization contracts South Manchester & north Cheshire, Thames Valley,
Pan Birmingham and Kent.To be announced by the end of 2004.|
|139,138,2x 137 and 2x 147,148,149|
the other kevin
|Level 2 please|
|SHUD SEE MORE BUYS POST IC TIP
230P V LIKELY HAVE TO SAY|
|think this will hit 230p|
|I agree but I still think there may be a rights issue on the horizon.|
the other kevin
not many shares about it seems and they give an excellent divi|
|Shiloh was once a major cotton-spinner in the north-west, but times have changed - the company now focuses on supplying medical products to the NHS. And while the years of restructuring have led to a stagnation of profits, Shiloh is now over the worst. So with good asset-backing and huge potential from sterilisation services, its shares may be set to rise.
The company is split into three divisions: medical, active care and sterilisation.
The medical division is by far the most significant operation, accounting for 70 per cent of sales, and focuses on disposable products used in the NHS and primary-care sectors. Shiloh also has over 20 home-delivery contracts. The product range is wide, including tubular bandages, skin cleansing materials, disposable gowns, facemasks and cotton wool. The division recently secured an exclusive agreement to sell a range of wound-dressing products, branded as Vacutex, which can absorb many times its own weight.
NHS business accounts for approximately three-quarters of total sales and a major plus for Shiloh has been the renewal of a national wipes contract on a four-year basis. The deal is worth up to £25m over the duration of the contract and, to satisfy demand, Shiloh is investing £400,000 in new machinery - this should also yield useful cost savings.
The active-care division focuses on mobility and rehabilitation equipment, providing products ranging from walking sticks to wheelchairs and hoists. Over recent months, Shiloh has closed five poorly-performing retail units, leaving 11. The focus is now moving towards institutional sales. To this end, new wheelchair service contracts have been secured in Northern Ireland and Preston. Shiloh also generates good sales from its mail-order catalogue.
The sterilisation division, though, operates in the most interesting market. As followers of rival Synergy Healthcare will be aware, the market for sterilisation services recently received a major boost from government investment in decontamination facilities. Up to £1bn is to be contracted out to the private sector, with contracts of 12 to 15 years. New surgical-instrument sterilisation facilities are on the cards and the NHS is in the process of issuing tender documents for the first wave of contracts - and Shiloh has been shortlisted for some of these. It formed its sterilisation division seven years ago and operates from a custom-built facility in Lanarkshire, supporting hospitals throughout Scotland.
If it wins work, Shiloh's profits will be transformed - but it's worth noting that funds will need to be raised.
Last year, Shiloh sold three properties - realising £1.8m before costs in the process. There remains a 70,000 sq ft freehold site in Oldham, where nearby land has recently been sold for residential housing. So it's fair to assume that, if the site is marketed, Shiloh could achieve a decent uplift on the net book value of £710,000.
Shiloh has a stable business with the NHS and is working hard to increase margins, fuelled by the introduction of new products and ongoing efficiencies. Its shares offer a decent dividend yield and growth potential from the potential award of new sterilisation contracts. So, given that they trade on half the prospective rating of Synergy, Shiloh's shares look attractive. Buy. (So says the IC. DYOR etc etc)|
the other kevin
|the chart looks excellent now
Kevin - what does IC say?
|Looks more like somebody had advance reading of today's IC tip|
the other kevin
|looks like a chart breakout!!!|
|9p up - looks excellent
last mm at 147p
no trades showing at present|
|just had a look at the chart - agree does look ready for a sharp leg up|
|. soon this baby will zzzzooommmm - check out the charts|
|230p i reckon|
|f - looks like its bounced quite strongly today - could see 170p ish you reckon|