Udg Healthcare Public Share Discussion Threads

[johnnyad] 20/12/2007 12:05

Yes nice to see Liars.

Have agood christmas and thanks for your posts throughout the year.

Cheers

J

[liarspoker] 20/12/2007 10:35

Awwww - mama - a new high in this Schitty bear market - nice. :O)

[liarspoker] 20/12/2007 08:36

Crickey - we are nearly at a new high. :O)

[slasher16] 17/12/2007 13:48

Thanks Liar. I Had ALBK, CRH and TSCO penciled in. I will take a look at the others. :O)

[liarspoker] 17/12/2007 11:13

UDG trading at 2.57X book value at this price.

SFR trading at 1.3X, WGB 1.66X - unbelievable really imo.

[liarspoker] 16/12/2007 19:52

I think only you can decide what to invest in Slasher but I am happy to list a few things for you to look at. These are all good longer term investments imo 3 - 5 years but strong Returns on equity, assets and capital, low debt, good margins, good products, good management etc. In no particular order I'd suggest looking at:

ANGL, ALBK, CRH, TSCO, ABC, SFR, SGI, LTC and 2 smaller comps for a good 6 month - year punt try WGB & GNG.

The first 4 are large, solid comps but good to buy on dips. The second, much smaller ( re market cap ) 4 have got excellent fundies - order their reports and start researching ( or just use the news button at the top of this page ). :O)

[slasher16] 16/12/2007 15:26

liars i see ur point about scrips as long term holders we wnat the price to stay so cheap so we getting loads of shares!! yummy. Like your lifers thread by the way I will pick some tesco up this year at the right price. Hope they drop back toward £4.00. I have 40k ready to build up a portfolio this year at 25. Any suggestions???

[liarspoker] 16/12/2007 09:42

Look like UDG paid 6 times PBT for Analytical which was loss making ( obviously UDG think they can turn it around using cross selling deals etc ):



United Drug pays up to €21m for lab equipment firm JVA
By John Mulligan
Friday December 14 2007


Pharmaceutical wholesaler and distributor United Drug has paid up to €21m to acquire a Dublin-based laboratory equipment provider, JVA Analytical.


The deal marks another bolt-on purchase for United Drug, which has spent around €74m on acquisitions in the past 14 months.

United Drug said it had paid €16.5m in cash for JVA, while a further payment of up to €4.5m is payable, dependent on targets being met over the next two years.

JVA employs 19 people and supplies laboratory instruments, consumables, services and other supplies across the country.

In the 12 months to the end of May 2006, JVA posted a gross profit of €3.47m, but recorded an operating loss of over €23,000. The company is owned by John Ryan and Gerry Grady.

Last month United Drug paid an up-front cash consideration of almost €6m (£4.2m) to buy Yorkshire-based Procon Conferences. The UK firm provides corporate event management services for the pharmaceutical and healthcare industry.

United Drug chief executive Liam FitzGerald said that JVA Analytical will form an "important part" of the company's medical and scientific division.

In November, United Drug said its full-year 2006 pre-tax profits rose 15pc to €62.3m, while turnover at the group, which distributes medical and pharmaceutical products to over 1,200 pharmacies and 200 hospitals in Ireland, climbed 8pc to €1.58bn.

United Drug has a €200m war chest to fund acquisitions, and has not ruled out making a further purchase.

- John Mulligan

[liarspoker] 14/12/2007 16:50

Looking from a divi perspective UDG might be cheap and due up a run soon.

The highest number of FY scrips I received ( from my original purchase ) was in 2003 ( Interim scrips have been the same or thereabouts all the way through ).

The lowest number of FY scrips was the following year in 2004, followed by 2005, then 2006 and finally 2007.

It is important to note that the 2007 FY scrips are only slightly below that of the number of 2003 FY scrips and the company was way undervalued then. Perhaps we can expect a nice little run up in share price sometime during 2008.

We can call this 'The Divi Theory'. ;o)

[liarspoker] 14/12/2007 15:53

I just realised that my divi payment will have doubled this year from when I first bought in. I will collect more than twice the payment than from my original payment though because I have been collecting the scrip divis. :O)

[liarspoker] 14/12/2007 15:39

Latest presentation after FY 07 results:

[liarspoker] 13/12/2007 14:33

3 acquisitions in first 2 1/2 months of new year and 1 acquistion 6 weeks before end of year 2007 - all of which will impact 2008 results fairly substantially.

13/12 - Analytical Ltd - Euro 16.5m + additional consideration of up to Euro 4.5m ( 19 staff )

20/11 - Procon - Stg 4.2m + Additional con up to Stg 1.2m ( 28 staff )

15/10 - Alliance - US$9.5m + Add Cons up to US$1m ( 163 staff )

17/8 - Pharma Logistics - Euro 15.4m + Add. Cons up to Euro 5.5m ( 125 staff )

[liarspoker] 13/12/2007 14:22

Denominated in Euro too which is nice.

[liarspoker] 13/12/2007 14:20

Another acquisition:


United Drug AcquisitionJVA Analytical Ltd




RNS Number:8608J
United Drug PLC
13 December 2007



UNITED DRUG ACQUIRES
LEADING IRISH ANALYTICAL CHEMISTRY DISTRIBUTOR


Dublin and London - Thursday, 13th December 2007: United Drug plc, a leading
international provider of services to healthcare manufacturers and
pharmaceutical retailers today announced that it has acquired the entire issued
share capital of JVA Analytical Limited ("JVA") a leading specialist Analytical
Chemistry distributor based in Dublin.

JVA is a supplier of laboratory instrumentation, consumables, services and
supplies to Ireland's analytical, environmental, educational and regulatory
laboratories. The business currently employs 19 people, including senior
management, all of whom will remain with the business.

The consideration for the acquisition is Euro16.5 million in cash, payable on
completion, plus an additional consideration of up to Euro4.5 million payable based
on achievement of agreed targets over the next 24 months.

Speaking about the Company's new acquisition today, United Drug's Chief
Executive, Liam FitzGerald said:

"We are delighted to announce the acquisition of JVA. The company has a
long established reputation as a high quality provider of equipment and
services to the Analytical Chemistry sector in Ireland. JVA will form an
important part of our Medical & Scientific Division and broadens the
range of customers to whom we provide support and services.

"I would like to welcome all management and staff of JVA to the United
Drug Group and we look forward to working with them to build upon their
success to date, as we continue our development as a leading
international healthcare services company".


Ends. Thursday, 13th December 2007

For reference:

Liam FitzGerald Pauline McAlester/Robert Marshall

United Drug plc Murray Consultants

Tel: [phone] Tel: [phone]

[liarspoker] 11/12/2007 11:00

A 341,545 O trade sell and no movement in price.

I thought that it would be matched by now. Interesting that it isn't imo. If it isn't matched by the end of the day then I would assume that someone is collecting a bit of stock ( a big bit ).

[liarspoker] 09/12/2007 17:22

Procon acquisition:

[liarspoker] 06/12/2007 17:02

Looks like the share price has been taking viagra. :O)

[liarspoker] 05/12/2007 12:24

Indeed. Looking nice today JohnnyAD.

I just wonder how vulnerable UDG is to a takeover these days. Personally I hope that they can slog it out in the Irish market for many more years as a independant company.

[johnnyad] 05/12/2007 09:50

It seems they have decided to revalue udg more realisticly, at last!

[liarspoker] 04/12/2007 18:20

OK thanks culchi, I guess that clears your question up then.

The bad news though is that this price increase over the last few days will impact the scrip price. :O(

[culchi] 04/12/2007 16:20

Hi Liars, did some checking since my post on ang. In 2006 results were out on 22/11/06. In the following january received letter dated 26/1/07 giving the following details re scrib. Ex. dividend 29th nov., record date for div. 1st dec. and also states the following, price 3.48 euro .This is the average price of dealings in the companys shares on Irish stock exchange over five business days commencing 1st december2006.

[liarspoker] 04/12/2007 12:34

Hi culchi - regarding your UDG scrip divi question on the Anglo thread. I am not entirely sure of the answer for UDG but I suspect that the price used would be the closing price of last Friday. We will have to wait and see though. I am keeping my fingers crossed that what I think is right though as the price seems to have risen over the last few days.

[liarspoker] 28/11/2007 13:03

Gone Ex-divi today.

[liarspoker] 23/11/2007 15:17

Looks a bit better for you now Slasher - up 6.9%. :O)

[liarspoker] 22/11/2007 18:27

Just casted my eye over the cash situation - nice to see that operating cash was just under 92% of operating profit. Those sort of figures are 'up there'. :O)