Carecapital Share Discussion Threads

[crosswire] 31/1/2012 16:33

Speaking of share prices, CareCapital (LON:CARE) was the top performer in London market in morning trade.

The real estate investors with a focus on healthcare saw its share price nearly triple in early deals after saying that its 29.75 percent stake in Advanced Proton Solutions has the potential to "be of significant value".

According to the group, as a result of its involvement in APS, it has been approached by a number of providers of cancer treatments and said its operations in this field could form the basis of a new healthcare division within the group.

In November last year, the group sold its German portfolio for €27.35 million, allowing it to investment in its UK healthcare development pipeline.

The group currently has developments worth a total £21.8 million, of which £14.6 million has been forward sold to investors. Today, the group said it expects to completed these developments within the next two years.

In early afternoon, shares in the company traded at 3.88 pence, up 158 percent from yesterday's close.

CareCapital now has a market cap of nearly £3 million.

[27howard] 31/1/2012 16:29

Exactly, they cut off the buy limits before the close, means it could spike in
the morning though which is what we want.

[crosswire] 31/1/2012 16:27

Can sell 250k over mid, but buy only 1k!!!

[27howard] 31/1/2012 15:54

crosswire :-))

That's exactly why i have bought in albeit much higher than the low today, in the back of my mind i feel spike, if not i take a small hit but ATG sticks in the head.

[crosswire] 31/1/2012 15:51

Wonder if share price will rise like ATG did!!

Share free float only 37.94m

[crosswire] 31/1/2012 15:46

CareCapital 'making good progress'

31 January 2012 | 08:12am

StockMarketWire.com - CareCapital is making good progress towards its objective of restoring value to shareholders, according to chairman Mike Sinclair.

He said the group sold its entire German portfolio in November would €27.35m which had allowed it to substantially deleverage and would provide working capital to realise the value of its UK healthcare development pipeline.

[crosswire] 31/1/2012 15:44

LONDON (SHARECAST) - Real Estate investment firm CareCapital has announced it is to forward-sell individual projects to third party landlords in a bid to ensure that financial risk to the group is minimised without forgoing or reducing development profits. The projects have a combined value of £21.8m, of which £14.6m-worth has so far been forward-sold to investors. The firm anticipates the completion of these developments within the next two years. The firm also announced plans to save £250,000 a year by not renewing the lease on its head offices in central London.

[crosswire] 31/1/2012 15:42

Shares outstanding 76.75m
Free float 37.94m

[barnetpeter] 31/1/2012 13:42

Taken together, these developments have a capital value to CareCapital on completion of GBP21.8 million, of which GBP14.6 million worth have been forward sold to investors. We anticipate completion of these developments within the next two years.

Every chance to rerate.

[scburbs] 31/1/2012 10:18

Amazing what a bit of powderpuff can do! I have closed out half of my remaining position. Having already closed half at 8-9p this play has turned out surprisingly well. I will hold the remaining portion for the proton therapy potential.

[ursus] 31/1/2012 09:58

Well well. I wonder if any of the big shareholders knew of the positive IMS to come....

[ydderf] 31/1/2012 07:47

AGM Trading Update!

And all for a market cap of £1.1m at yesterday's close.

[ursus] 30/1/2012 10:12

Why no announcement from Canada Life? They're still working their offload to you, Fred.

[ydderf] 26/1/2012 10:49

crookney, ALG - i paid less than 15p for mine - its called averaging down my friend - how are you doing in the recession, i have been worried about the escalating costs of Coypu food, but its good to know that you are bright eyed and bushy tailed no matter what the macro

[cockneyrebel] 26/1/2012 10:35

Hey Frauddy - remember ALG? Back in Aug when it was 20p you were banging on about how cheap it was?

Timing boy, timing - 15p now and Guiness Peat have just cleared their load.

CR

[ydderf] 26/1/2012 10:34

whatever view you take, it is an interesting technical situation, looks like PLCH acquired 2.8 million at 1.25p a few days ago after Canada Life had a clear out (why no announcement Canada Life?) don't think they have too many left - do the math!

[ursus] 21/1/2012 11:43

What are you up to here, Fred? I thought that yr interest must be the Boche real estate. Yet perhaps you are a fan of mystery rays and other assorted alternative therapies....

[mctmct] 22/12/2011 17:25

Well, resumption without a fall in sp, which is better than expected. Perhaps we can now see some progress. The AGM on Jan 31 should be interesting.

[mctmct] 16/12/2011 17:32

... and I didn't get it. But at least they have an FD now.

[mctmct] 03/11/2011 10:07

I expect positive news this month.

[ac123] 01/11/2011 09:29

mctmct

Ominous? Yes, a bit worrying.

The RNS of 31 Aug stated both parties could rescind deal if preliminaries were not met by 31 Dec 2011.

We're not there yet - and conditions in wider world are volatile. Also, in my experience, companies tend to be over-optimistic in setting sale deadlines.

Still, be nice to have news on progress.

[mctmct] 31/10/2011 17:08

The delay is ominous. Any news?

[scburbs] 07/10/2011 10:21

Presumably the accounts can't be finalised until the disposal has completed, although you would think CARE would make an announcement.