Amundi Msci Uk Discussion Threads

[m.t.glass] 09/4/2009 10:18

And in local St Helens media:


St Helens MP Dave Watts also joined the chorus of critics of Care UK, calling on council chiefs to axe the company.

The Panorama programmes features a series of allegations into appalling standards of care. They include a dementia-sufferer left lying in her own excrement for 24 hours.

A Care UK client in Harrow was hospitalised after he was hit in the face with a hoist.

St Helens Council declined to comment.

However, Councillor Joe Pearson, the local Labour' group's spokesman for Adult Social Care and Health, called on St Helens Council to axe Care UK's contract.

He said: "I am appalled at this catalogue of evidence against Care UK and the practices they use. Labour has raised concerns relating to Care UK at full Council and Labour is now calling on St Helens Council to immediately investigate the suitability of Care UK continuing to deliver domiciliary care for residents in St Helens.

[m.t.glass] 09/4/2009 10:00

Daily Mail:

...At Care UK in Harrow, the reporter found a litany of failings, including a man who missed his medication for three days simply because the company had run out.
Last year, inspectors gave Care UK's Harrow office a 'poor' rating and said it was failing on 25 counts.
Hertfordshire got rid of the firm following 2,000 complaints - including the case of Janet Finn....

[m.t.glass] 09/4/2009 09:05

Last week (April 2) the company hosted a site visit by investors and analysts. The 'buy' reccommendations passed on by those who were impressed are presumably still feeding through. Will that be enough to counter the negative impact of tonight's Panorama report?

[still waiting] 10/12/2008 10:24

being squeezed again, a bit of news should get this moving.

[still waiting] 03/12/2008 21:58

volume continues to build!!!

[still waiting] 28/11/2008 14:19

trying to move higher again.

[still waiting] 26/11/2008 22:15

highest trading volume today in over two years after heavy volume the day before.

some news coming??

Is it just me on this thread?

[still waiting] 24/11/2008 22:03

the market will soon realise that one of the key winners from the PBR is the healthcare sector with its exempt income, input vat is usually disallowed above de-minimus levels and is therefore a direct cost for care homes etc.

The drop in vat from 17.5% to 15% and reduction in costs will give a direct boost to profits from 1/12/08.

CUK as one of the sector leaders will benefit significantly.

[still waiting] 24/11/2008 16:25

needs to break through 250p to go on a bit of a run.

[liquidkid] 04/11/2008 13:26

Articles like this will do it no favours as comes up to results on the 19th


By Laura Donnelly, Health Correspondent
02 Nov 2008



"The DoH paid £2.5 million to terminate contracts for diagnostic clinics in the north west and south west which never opened. In the West Midlands, the private company Care UK was paid £10 million compensation, after a contract for mobile MRI scanners was axed just five months after it began, having attracted less than 5 per cent of the patients expected. And almost £7 million was spent on "wasted bid costs" for three more schemes which were cancelled or substantially altered last year in Hertfordshire, London and the south west. It is not yet known if contracts for six more clinics, which were cancelled by ministers last November, will add to this year's bill for taxpayers.

Earlier investigations by Health Service Journal have revealed that close to £220 million may have been wasted among existing private centres who were paid "block" rates by the NHS, regardless of how many patients they treated.The latest revelations about wastage among units which did not even open their doors shocked experts."

[frizzers] 19/11/2007 10:54

Yes, a couple of big buys this am. It may make 425 on a retrace. Or even 450.

But, sorry to say it, but this is no more than a dead cat bounce IMHO.

[inv] 19/11/2007 10:24

This is very positive move and the price should now start moving back up to 425p +

[jcxjr100] 16/11/2007 14:37

IMHO Care Uk seems to have followed numerous other companies in a risky business model. Rapid growth through acquisition with less organic growth and a degree of dependance on major contracts to fund cashflow. It is sad, as a former holder of CUK to see the share price being slashed however a toppy PE ratio was always going to leave it vunerable to a fall.

[jcxjr100] 16/11/2007 14:37

IMHO Care Uk seems to have followed numerous other companies in a risky business model. Rapid growth through acquisition with less organic growth and a degree of dependance on major contracts to fund cashflow. It is sad, as a former holder of CUK to see the share price being slashed however a toppy PE ratio was always going to leave it vunerable to a fall.

[joshalexander] 16/11/2007 10:47

Gerd

Good post IMO - sums up the situation here.

[gerdmuller] 16/11/2007 09:50

Investec said it was likely to downgrade its EPS forecasts for 2007-08 and 2008-09 by 15 pct and 14 pct respectively. It remains a buyer of the stock, nevertheless, saying the shares offer value in the longer term and that at current levels, the company is potentially vulnerable to a bid.

That would cut growth for the next 2 years and give no growth for next year as far as I can see.

They already hold quite a bit of debt which would reduce options for pe firms and besides no-one will be overpaying in this climate.

Brokers are always buyers in these situations as it gives them the chance to tell clients to offload on any bounce.

I worry that this is the start of cutbacks for the NHS and this could happen again.

Still on quite a high pe for a company with low growth prospects over the next 2 years.

[frizzers] 15/11/2007 22:36

Off topic, but

CravenCottage,
Have you seen this?

[cravencottage] 15/11/2007 21:16

Josh Alexander

I'm glad i took your advice

CC

[joshalexander] 15/11/2007 20:31

I have warned here on a number of occasions that the rating left no room for disappointment, as today's share price now all too clearly shows

[frizzers] 15/11/2007 20:05

Some poor sod bought this at 850.

Looking at the longer term chart I would expect 300 to hold.

If not we could go to 100.

But a great deal of long-term (Technical) support was smashed through today on volume.

[jcxjr100] 15/11/2007 14:15

Frizzers,

I agree this sadly has a long way to fall.

XJR100

[frizzers] 15/11/2007 13:50

Wouldn't touch it on the long side. And the great short opportunity has been missed - that was in the summer. This may have further to go though