Advanced Medical Solutions Share Discussion Threads

[bjfanc] 20/12/2012 08:59

Will be interesting to see whether Consort, will look at any part of AMS. Given the sale proceeds from King.

[norbus] 18/12/2012 15:28

Stable

SL started buying well over 70 and stopped topping, declaring 11% @ 97p. Strange they have little faith ; They did not take up the call at 72p ; garage some profit if you still have it, in case they do get rerated. SL dripping out rather than damaging the price, in no one's interest

[stable] 18/12/2012 14:01

Norbus, thanks, I missed this last evening. Noted that from over 12 mill they sold 100thousand. Just a warning to Ams board to get their act together.
I do believe that they have held Ams for a long time and much lower than even current price so I am sure they will show them as a profit.
Even so, it is a dissapointment to see such a holder off loading any amount

[bjfanc] 18/12/2012 13:24

Tells you more about standard life and what people do with others money. They pushed the price to the high of 96 and then down to the recent low. When Value is somewhere in between.

[norbus] 18/12/2012 11:53

Stable

3. Full name of person(s) subject to Standard Life Investments Ltd
the notification
obligation:
-------------------------------------- -------------------------------
4. Full name of shareholder(s) (if Vidacos Nominees
different from 3.):
-------------------------------------- -------------------------------
5. Date of the transaction (and date 14/12/2012
on which the threshold
is crossed or reached):
-------------------------------------- -------------------------------
6. Date on which issuer notified: 17/12/2012
-------------------------------------- -------------------------------
7. Threshold(s) that is/are crossed
or reached: 6%
-------------------------------------- -------------------------------


Number of shares Number of voting rights
------------------------------------ ---------------------------------
12,295,000 12,295,000
------------------------------------ ---------------------------------

Resulting situation after the triggering transaction
-----------------------------------------------------------------------
Number of shares Number of voting rights Percentage of
voting rights
----------------------- -------------------------- ------------------

----------------------- ----------- ------------- ------- ---------
12,195,000 0 12,195,000 0% 5.963%
----------------------- ----------- ------------- ------

[stable] 18/12/2012 10:35

Norbus, re standard life, have then sold any recently or are you just prewarning?

[norbus] 18/12/2012 09:08

Decent of Chris and Mary, even though amounts hardly match their monthly expenses, and no sign of the others following; What you need to worry about is to see Standard Life further reducing their holding taking losses having bought in at up to 97 p when they first got in.

[dealit] 18/12/2012 07:38

Nice to see Directors buying.

[norbus] 15/12/2012 16:55

Looks like a re-rating has to be settled. Vulnerable now to J&J if ever they have any intent to bag this jumbled package; need to ask why did J&J not move earlier when AMS looked a serious unquantified threat

[mountain man] 14/12/2012 16:56

Dozey1
Exactly why I'm back in too. With increasing M&A activity in 2013, I'd be very surprised if J&J don't make a bid at some stage. They may not get a better opportunity IMHO. Looks as if I should have waited another 24 hours though - so well done!

[dozey1] 14/12/2012 16:05

I was originally into AMS in 2001 at 14p, then 2004 at 8p and finally 2005 at 10p. One of my better decisions was to sell my last tranche at 78 this September, on the grounds that it looked ex-growth and management was overextending themselves.

Today, I'm back in with a smallish holding below 55p. Seems to me the field of operation is just about recession proof; the company is profitable and cash positive; and if they cannot get over their 'little local difficulty' in the US then they will almost certainly be gobbled up at a 50% premium over today's price.

Wishful thinking maybe

[bjfanc] 14/12/2012 08:18

Dealit , in terms of why the big rapid drop. Easy short on the day. Its a trading strategy unfortunately. IG insight is a good tool to prove this. Loads yesterday nothing short today.

[norbus] 14/12/2012 01:44

Sure if the number of shares in issue after the rights remained the same ; [ 47.25 v orig 155,25 say 1/3 ; done with gearing manoeuvre borrowing money for half, otherwise you would see the real effect ]

AMS in its organic growth period did better, focused, and tight.

That said, there is every prospect that a reshuffled and stronger board would get this to perform, selling bits off and going back to where they excelled.Buying a company from private equity, not far off buying a car from a bent second hand car dealer.

[dealit] 13/12/2012 20:46

AMS will increase there profit from 6.4m on 3/11 to at leased 11.9m according to the trading statement, is that not impressive?

[norbus] 13/12/2012 20:08

bjfanc

totally agree your take, with provisos
a. J&J will fight ; they've been given plenty of time
b. Management less than impressive with Integuseal : similar
c. Question of the right rating if growth dynamics changed

[bjfanc] 13/12/2012 18:29

I read it as Cardinal failing to deliver in the US in the acute sector. My guess would be Cardinal have spent the 2nd half launching their own product. Hence why AMS statement contains wording related to being disappointed, reviewing the sales channel etc Whilst mentioning alternative site is doing ok. Lets see what the management do. The world hasn't ended but action is required.

[dealit] 13/12/2012 18:06

Taken from results 3/11--


Operating profit (pre-exceptional items(2) ) up 20% to GBP6.4
million (2010: GBP5.3 million)


Taken from todays trading statement---


The range of market expectation for profit before tax, amortisation of acquired intangible assets and exceptional items is GBP11.9m to GBP12.8m. Consensus is at GBP12.5m.

Plus IMHO a dividend increase.

Can anyone say why a 15% drop in share price today???

[norbus] 13/12/2012 16:48

What else do you expect the brokers to say? They must be in shock; They have to put a brave face on it for the sake of the mugs they put in there.

[dealit] 13/12/2012 16:38

Advanced Medical Solutions Group Broker Views

Date Broker Recommendation Price Old target price New target price Notes

13 Dec Peel Hunt Buy 58.25 85.00 85.00 Reiterates

13 Dec Canaccord Genuity Buy 58.25 93.00 90.00 Retains

13 Dec Finncap Hold 58.25 83.00 75.00 Retains

13 Dec Nomura Code Buy 58.25 103.00 - Under Review

[norbus] 13/12/2012 13:10

would not put anyone off; these were on a star P/E rating ; sector average is now ambitious till they are well sorted . I think they have had support today. they will likely settle below 50 till they find a clear way forward. GLA

[mountain man] 13/12/2012 11:02

Norbus
I share your views regarding mistakes made - that is why I got out a while ago too although you were first! I think the drop is overdone though and that is why I'm back in today. The statement was better than I had expected them to make. They must focus on addressing the USA situation - that's where the money is!

[pedr01] 13/12/2012 10:08

Are they the ones that have introduced their own generic version ?

[bjfanc] 13/12/2012 09:55

Its Cardinal in the US not pulling their weight. So AMS can change distributors if need be. Espcially as Liquidband is doing well in the alternative sector