Amundi Msci Uk Discussion Threads

[psolomons] 30/11/2009 15:53

Im in for a few of these, although judging by the price today looks like the deals off !

[cerrito] 26/11/2009 20:21

From today's stockmarket report

Healthcare reforms in the UK are expected to benefit Care UK (CUK), according to Panmure Gordon. The recent results, with revenue growing 20% to 410 million pounds in the year to 30th September, were in line with expectations, with weaker margins attributable in part to start-up costs of new care homes. The broker expects that budget cuts in the NHS will accelerate the pace of structural reform and this will benefit the firm. Care has a high proportion of contracted services within social care and the focus on care provision to higher dependency users provides good protection from the expected cuts. Panmure Gordon sees the company as "a creditable acquisition target" but it reduced its target price to 419p from 429p to reflect lower earnings forecasts. It reiterated its 'buy' stance on the stock. The shares fell by 2.5p to 357.5p.

[milacs] 18/11/2009 09:50

spob

Very interesting.

Never considered debt to be part of a p/e calculation.

M

[spob] 18/11/2009 05:22

True forward PE, allowing for the debt, comes in around 17

[spob] 18/11/2009 05:07

What's the net debt here

[jeffian] 17/11/2009 11:26

This one seems to be flying below the radar at the moment. A company increasing eps by 25% and saying, going forward, "perfectly positions the company to drive exceptional levels of long-term growth" - looks cheap on a PER of 11, doesn't it?

[investinggarden] 30/9/2009 12:00

Care UK spurns bid

[jeffian] 04/9/2009 15:22

This seems to have been going backwards pretty sharply throughout August whilst the general market was hitting new highs and the chart isn't looking very pretty. Any thoughts out there?

[m.t.glass] 14/4/2009 14:23

A bunch of nine simultaneous sells just knocked four MMs off their perches

[m.t.glass] 14/4/2009 09:29

"..Care UK is also understood to be bidding for contracts in Rotherham including a rapid response nursing service for older people. The company is believed to be the preferred bidder.

But this week NHS Rotherham announced it was reconsidering the plans ...."

[milacs] 10/4/2009 15:16

jeffian

Did you actually watch the program?

"Storm in a teacup indeed"!!

This company is a complete disgrace and treat the aged in an abominable way.

In my opinion the directors should be in the courtroom answering charges of grievous bodily harm.

Close them down!!

M

[5dally] 10/4/2009 12:47

Mears/Careforce are the best run in this sector IMO, their training is second to none and IT systems in place to ensure a quality service, also running the employee share save is IMV a good way to retain their highly trained staff,the detrement to this retention is the recent interduction by Social Services (on the Wirral) of only paying the carers the time they spend in the property and not allowing for travelling time is just another blow to the carers feeling under valued,,,in fact it amount's to a pay cut in an industry which is one of the lowest paid anyway,although Careforce is by far the best on that side too.

The programme last night reflected what was going on in most company's some year's back and I must say I was shocked that this poor service still exsists today

[joshalexander] 10/4/2009 12:03

Having a decent Branch Manager can actually make a lot of difference.

And Ian's post is actually spot on and I do not see magins been clobbered in the slightest.

In fact with the deepening Recession its becomming easier to attract and retain higher quality staff than even 6 month ago.

And its also saving on associated costs such as advertising, traning etc
as carer retention is generally increasing throughout the Care Sector.

Mears recent results showed their margins holding stedy in the Home Care market, even having invested heavily on upgrading systems.

[m.t.glass] 10/4/2009 11:19

Ian, I agree. Councils cannot easily exit existing contracts at nil cost. Unless of course the company's performance delivery falls far enough short to be regarded as breach of contract. In which case dismissal is possible. But who can the council then turn to as acceptable/affordable replacements?

Far more likely, I suspect, is that councils will instead want to be seen to be monitoring performance more closely, and pressuring Care UK more rigorously, which will mean Care UK having to (expensively) devote more resources to the task. And that will cost Care UK more than they have budgeted for in winning the contract. So I do expect their profit margins to be clobbered.

[joshalexander] 10/4/2009 10:20

brad

There will if anything be a preemptive mark down at the opening.
Would be very difficult to trade that IMO.

[brad1] 10/4/2009 09:58

massive short for Tuesday methinks

[m.t.glass] 10/4/2009 09:56

"In 20 years time maybe Care UK is going to be a different, a different beast, a different business with different ownership and different management. Who knows? "They're certainly not going to be on our list of people we want to do business with in the near future."

(Sarah Pickup, Herts CC's adult care services director)

[m.t.glass] 09/4/2009 16:00

No markdown tomorrow (market closed)

[joshalexander] 09/4/2009 15:34

And the Market is also aware of this.

Which is why the share price has not reacted. (Edit)

I do not currently hold.

[m.t.glass] 09/4/2009 12:15

True. But maybe the weekend broadsheets will take up the issue in depth, once the sensational bit is done. But if all this coverage forces Care UK to up the quality of their service, it is presumably going to demolish their margins and clobber their business prospects. On top of which the negative reportage will stick in the minds of prospective customers for a long long time and will see them deleted from tender lists. None of which is likely to be of any benefit to the those for whom care is provided.

[joshalexander] 09/4/2009 12:04

The UK population is rapidly aging so this is a rapidly growing sector of provision.

There are hundreds of thousands of hours of high quality care and provision
carried out by the Private Sector, this is unlikely to be highlighted tonight.

The UK cannot afford widespread publicly run care, its that simple
and that is also unlikely to be addressed.

[m.t.glass] 09/4/2009 11:59

I agree. Coucillors will now want to be seen waving their fist at the company - but should also be waving them at themselves.

[jeffian] 09/4/2009 11:49

Doesn't the problem lie in the first story?

You get what you pay for! As so often in these cases, the problem lies with the spec from the client. If Councils are looking to pay half the cost at which they can provide the service themselves, where do they think these 'savings' are going to come from? The biggest cost is wages so the result is that older, experienced, more highly paid staff are replaced with anyone who will work for the Minimum Wage. Before Councils get too high-and-mighty they might just have a look at whether their own commissioning procedures are part of the problem. Mind you, bearing in mind what happens in Doncaster and Haringey, one might also ask whether publicly-run IS better than private!

Regards, Ian

[m.t.glass] 09/4/2009 10:21

And dozens more councils now reacting..