Claimar Care Share Discussion Threads

[iandippie] 12/2/2006 19:39

Diog / HH. Off topic - any thoughts on HLO mentioned in SCSW? If the Collins Stewart forecasts are correct, then they are surely v. cheap...

[diogenesj] 12/2/2006 18:27

I wonder what's wrong with Careforce: price drooping despite what look like bullish forecasts.

Yes, do your own research (it seems to be pretty good), and certainly don't rely on mine. I make far too many mistakes. :-(

[hedgehunter] 12/2/2006 13:46

Cheers Diog, yes I agree forward P/E of 19.6(assuming 30% Tax) fairly cheapish when you compare it to Caretech forward P/E 22.6, Care UK forward P/E 22.8.

The best one to compare it to is Carefore CFG similar size but CFG have bigger revenus than Claimar but their margins seem to be well below.

Heres the comparison..........

Claimar market cap £19.3m forecasts 2006 from Arden Broker £13.5m sales, £1.39m pretax profit.

Careforce market cap £15.57m, Sales for 2005/2006 £20.3m operating profit before amortisation £0.97m.

Careforce has net Debt of around £2million, whilst Claimar as around £6m for further expansion.

I also think acquisitions will push the share price forward here. I know in their pre market launch that they were looking at this area for realising share holder value.

Im thinking of adding monday, best to do ones own research.

[Abuse team] 12/2/2006 01:02

Post removed by ADVFN

[hedgehunter] 11/2/2006 23:05

A tip sheet as tipped this weekend Im told. Look out for a mark up monday morning, having said that the growth potential in this is fantastic.
More to come.

cheers Hedge.

[Abuse team] 08/2/2006 04:03

Post removed by ADVFN

[hedgehunter] 07/2/2006 23:52

Evens on the day.

[hedgehunter] 06/2/2006 11:29

Moving up nicely again.

[diogenesj] 05/2/2006 14:59

Let us know if you find any. You certainly seem to be doing all right so far. :-)

[hedgehunter] 05/2/2006 13:47

Cheers Diog, very much appreciated your view.

I guess the only fincial details we have to go on is this......

'the Company reported turnover of £8.2million and
EBITDA of £0.76million with a continuing improvement in margins.'

I will continue to check for financials.

cheers hedge.

[diogenesj] 04/2/2006 22:47

Hi hedge. Took me a bit of time to get round to these. Certainly looks interesting, but in the absence of forecasts it's hard to say whether it is good value or not.

[hedgehunter] 04/2/2006 06:32

Well it finished up on the day.

Just waiting now for the tip sheets, IC and shares mag and all that lot.

[hedgehunter] 03/2/2006 12:09

Up a nice 2p this morning. Not affected then by a bit of negative sentinent in the sector.

[Abuse team] 03/2/2006 04:45

Post removed by ADVFN

[hedgehunter] 03/2/2006 01:03

back to top for att of yusef.

[hedgehunter] 02/2/2006 23:17

Not yet Im afraid, but things look very much on target for the present year.

[sheik yerbouti] 02/2/2006 17:00

Any forecasts available?

[hedgehunter] 02/2/2006 12:39

Domiciliary Care Market

In 2004-5, £14.5 billion of public money was spent on personal social services
and of this amount it is estimated that the domiciliary care market accounted
for approximately £2.5 billion. The UK domiciliary care market has experienced
strong growth during the last five years, with annual growth rates remaining
relatively consistent at approximately six per cent. per annum. The growth in
the market reflects the Government's continued emphasis on reducing demand for
residential care and long stays in hospital by improving the provision of
domiciliary services and allowing more people to stay in their own homes and
benefit from a home care service.

In 2004, 1.7 million people were regularly using domiciliary care services. This
equates to 3.4 million hours of domiciliary care being provided each week of
which the independent sector provided 2.3 million hours. This was the tenth
consecutive year of growth in both the total market size and the independent
sector's share of it. Industry experts have stated that they expect both of
these trends to continue for the foreseeable future.

The independent sector remains a very fragmented market. Although opinion
varies, market commentators estimate that, as at 31 December 2004, there were
approximately 5,000 registered domiciliary care providers including those
managed by local authorities. The average independent company provides 1,100
hours per week (although the median is 530 hours per week). Claimar Care
provides over 22,000 hours per week and has established itself as a leading
provider of domiciliary care in the UK.

[hedgehunter] 02/2/2006 12:38

Background and History

In 1990 the Government enacted the Community Care Act which required local
authorities to provide more community care rather than institutional based care
which, up until this point in time, had been the preferred option. Central
Government funding required local authorities to spend a proportion of their
funds in the independent sector and successive Governments' policy has been to
provide an increasing amount of care to individuals in the community rather than
in institutions. The current Government's Best Value policy took this approach
further. Best Value removed the need for compulsory competitive tendering by
local authorities and replaced the perceived 'lowest bidder wins' ethos by
including quality and accountability requirements. Best Value also brought about
a partnership approach with service providers and led to the local authorities
placing more focus on service innovations that would meet local needs.

Taking advantage of the opportunity presented by this sector, Claimar Care was
founded in 1994. Mark Hales joined Claimar Care in 1999 with the objective of
continuing the growth of the Company, both organically and through acquisition.
Since that time, Claimar Care has completed and integrated ten acquisitions,
most recently the acquisitions of Abbeydale Homecare Limited, and the homecare
division of Ribble Valley Care Limited, both based in Lancashire.

[hedgehunter] 02/2/2006 12:27

CLAIMAR CARE GROUP PLC


Overview

Claimar Care supplies a range of domiciliary care services primarily to elderly
and infirm people in their own homes under long term contracts. These contracts
are delivered principally as part of outsourcing arrangements with local
authorities.

The Company is headquartered in Birmingham and currently employs approximately
800 staff, of whom almost 700 are directly involved in the provision of care
services. The services are provided from a network of 15 offices (with a further
3 offices planned to open in early 2006) spread across the North West of England
and the East and West Midlands. Claimar Care currently provides services to 21
local authorities serving approximately 2,900 individuals in their own homes.

The individual carers employed by the Company make some 35,500 planned home
visits per week to elderly and infirm clients. The carers provide them with a
range of support services designed to help them maintain their independence and
to continue living in their own homes.

Financials

Between 2001 and 2005 turnover increased by over 600 per cent whilst earnings
before interest, tax and amortisation (EBITA) rose by more than 700%. For the
year ended 30 September 2005, the Company reported turnover of £8.2million and
EBITDA of £0.76million with a continuing improvement in margins.

Key Business Strengths

The Directors consider the following to be the key strengths of the business:-

• The manner in which the Company integrates acquisitions and new contracts
taking advantage of its position in the market place as a recognised
consolidator;
• The growth achieved in revenues and profits generated by those businesses
acquired by Claimar Care;
• The organic growth opportunities available to the Company;
• The innovative methods used by the Company to recruit care workers;
• The training programme adopted by the Company for its care workers;
• The resources and methodology adopted by the Company in its tendering
process. Claimar Care has won 17 of the last 22 contracts for which it
tendered; and
• Claimar Care works in partnership with local authorities. The Company
builds relationships at all levels with local authorities and also works
with a number of them on a strategic basis.

Company Details

Address 16 Highfield Road, Edgbaston, Birmingham, B15 3DU
Telephone [phone]
Fax [phone]

Executives

Chairman John Crabtree (0.00% holding)
Chief Executive Mark Hales (17.60% holding)
Finance Director Anthony Guest (0.00% holding)
Non-Exec Director John Moore (0.00% holding)

Main Shareholders

Jim Ceaser: 10.8%
Isis Equity Partners: 8.7%
Clair Hales: 8.3%
Close Investments: 6.8%

Advisers

Nominated Adviser Arden, Birmingham
Nominated Broker Arden, Birmingham
Solicitors n/a
Auditors n/a
Registrar n/a

Company Data

Code CCGP
Sedol GB00B0WFJP
Shares In Issue 22.320 m

Indices

Entry on AIM 31/01/2006
Interim Results n/a
Final Results n/a
Year End n/a
Accounts Due n/a
Int div payment n/a
Fin div payment n/a
Int net div per share nil
Fin net div per share nil
Probable CGT relief

Company Website




* as always you are advised to do your own research on this company and please do not use money that you cannot afford to lose.