Claimar Care Share Discussion Threads

[hedgehunter] 03/4/2006 15:57

nb, tipthewink=egoi.

Been doing a little more investigation on tipthewinks posting here and these are the facts I have found...

1. from the admission document or any subsequent news available to investors, margins are in fact increasing at CCGP due to a number of financial reasons, the main one being long term block contracts now account for over 65% of all revenues.

2.Careforce made pre-tax profits of £203,000 from revenue of £14m at results for the year just gone to January.

3.CCGP made a pre tax profit of £651,000 on revenue of just £8.2m in the same year. In fact even in the previous year they beat Careforce with a pre tax profit of £358,000 on revenue of £5.9m.

So you decide who is making the biggest margin.

Nb, information supplied by house brokers.

I would love to find out his source.

Care to inform us of this source tipthewink???????????????.

[hedgehunter] 03/4/2006 10:52

Please give us the source of filly chart egoi.

If they get basic things like the share price wrong then surely they need reporting to the FSA.

[hedgehunter] 03/4/2006 04:51

Strange no report of institutuions selling on RNS or on refs either.

I wonder where egoi finds this duff information.

Probably the same place where he mistakenly says careforce have higher margins, LOL LOL LOL LOL LOL LOL LOL LOL LOL.

[egoi] 02/4/2006 22:19

Filly chart was erroneous but you are wrong about forecast margins, equally shabby research by hedge.
CFG way better margins if you bothered to check, or try to understand a baalnce sheet - get it right hedge, overpriced at float, institutions now selling look at volumes increasing on sale side.
More falls inevitable before long.........
45p fair value target. Top class short with institutions now starting to offload serious volumes.

[hedgehunter] 02/4/2006 19:44

Did you have 1 tip too many when you wrote that piece above, egoi???.

[hedgehunter] 02/4/2006 19:40

HMM where have you got your price from??????????????????????????

"I see this one has crashed in quick time from 98p to 67p"

All in all a real sloppy piece of research from Egoi.

If he cared to check out the facts, CCGP make far more profit per thousand pound of revenue than Careforce.

[egoi] 02/4/2006 12:26

I can claim to know a little bit about this sector having invested in CFG and SOR at various times.
Both had serious margin problems for a couple of years after float (CFG has now overcome them and is now a big holding for me, well worthy of a look) had a close look at this company and signs are it might face similar difficulties.
I see this one has crashed in quick time from 98p to 67p and with, I believe, lock-ins over, it looks like big institutions may be starting to sell out.
Might be worth following their lead and moving into CFG and eventually come back in here under 50p if margin news is better than feared.

[gucci] 16/3/2006 23:09

patience bigg

[biggcl] 16/3/2006 10:06

it's not moving

[hedgehunter] 15/3/2006 23:26

Going well again guys.

[4graham] 14/3/2006 07:45

Claimar Care Group PLC
14 March 2006


Acquisition of Walsall Homecare Limited

Claimar Care Group Plc ("Claimar" or the "Company"), one of the largest
providers of domiciliary care services to local authorities throughout the
Midlands and the North-West announces that it has today agreed to acquire the
entire issued share capital of Walsall Homecare Limited ("Walsall Homecare") for
a total consideration of up to £200,000. The consideration will be satisfied by
a cash payment of £140,000 on completion and the balance of up to £60,000 will
be deferred for 12 months subject to future operational and financial criteria.

Walsall Homecare is a domiciliary care provider based in Walsall, West Midlands,
which currently has some 50 care workers. The business was acquired by the
current vendors from Walsall Homecare Co-Operative Limited in 2002.

For the year ended 31 March 2005, unaudited accounts show turnover of £517,317
and profit before tax of £51,464. Walsall Homecare Limited had net assets of
£181,239.

The acquisition will provide Claimar entry into two new local authorities which
they look to build on in the future. In addition the Claimar Board expects the
acquisition of Walsall Homecare Limited to be earnings enhancing in the current
year, however the full effect will be in the year commencing 1 October 2006.

Commenting on the acquisition, Mark Hales, Chief Executive of Claimar, said:

"Walsall Homecare Limited is the first acquisition by Claimar since its
admission to AIM in January 2006, and represents a further step in the Board's
stated strategy of combining organic and acquisitive growth. The Directors
believe that this acquisition will strengthen further our presence in the West
Midlands and will help create additional opportunities for expansion into key
new local authorities".

[saltedcrab] 12/3/2006 07:56

hedge,

do you know where i can see any trades on virt-x?

[gucci] 10/3/2006 13:11

last mm at 90p
nice small spread

[hedgehunter] 07/3/2006 14:02

Buyers coming into the market.

[hedgehunter] 03/3/2006 11:53

Moving in the right direction again.

[kenmill] 01/3/2006 16:09

woodsman2004

I agree. I have bought a few but the risk is there with so many carers spread accross the country. It must be only a matter of time before there is an incident and you can only hope that everybody involved realises that it happens in all such environments. It is then down to how the company deals with it and is seen to be dealing with it and how well they are insured !

[woodsman2004] 28/2/2006 16:22

Just woken up to this one - know from first hand how red tape is (sadly) choking the independents in this sector.

One risk we must be aware of as the company expands is the "Watchdog" factor caused by the odd rotten apple in the barrel. Unlike a care home group where at least you have the bricks and mortar, I guess a contracts based company might be much harder hit in such an event.

[hedgehunter] 28/2/2006 00:14

Still very much bullish on this one.

[hedgehunter] 27/2/2006 11:32

A slight pullback today. Have to say it can be a little volatile at times.

[malkie] 27/2/2006 10:49

the dawn.
I am folling this closely. Not overly concerned about reasons for AIM listing & agree with hedgehunter on this point.
I like the sector & the fact that they have no serious competitors.
Will follow with interest for the time being.

Malc

[dodge7] 27/2/2006 10:41

in.

d7

[hedgehunter] 27/2/2006 02:16

from SCSW.......

"Broker Arden forecastsa pre tax profit of £1.39m on sales of £13.5m, that forecast as strong earnings visibility as 59% of it is based on existing block contracts wherby local authorities have given gurantees to purchase a certain number of hours.
The placing by Arden this month has raised £4m new money and £3.5m from existing shareholders and allowing for a £1.2m potential earnout on a past acquisition, it leaves the business debt free and well placed to make further acquisitions. Claimar promises an exciting ride with the finance director investing £150,000 of his own money at float" ENDS.

Theres a lot more positives in the report, but it leans towards positive earnings enhancing acquisitions which will obviously lower the P/E ratio.

cheers hedge.

[hedgehunter] 26/2/2006 21:09

The way forward is acquisitions, and they should be picked up fairly cheapish as more and more business/Homes are selling up due to red tape and increased beaurocracy, which comes at an high price. I think they are expecting to make at least 4 acquisitions or more this next 12 months which should be immediatly earnings enhancing and we should see a fall in the prospective P/E.

I know SCSW did a write up on this one about 20 days ago, if I can get any more detail I will post.

cheers hedge.

[diogenesj] 26/2/2006 21:03

See post no. 57 for forecasts and comment, T.

[thedawn] 26/2/2006 16:41

malkie!

interesting to see yoo here too : )
I watched the tip on bloomberg also made by someone from Redmayne if I remember correctly 'buy' tip.

Very difficult to forecast anything and the lady from Redmayne would not either. It's extremely risky ot back a company with no forecasts to go on, only past results which do appear excellent. My initial concerns would be

1) would be why they have chosen to list on AIM now. After such an amazing run of growth, I wonder if they see that coming to an end quite soon? Otherwise why list on AIM when they have managed to grow so quickly while remaining unlisted?

2) Lack of Director holding except Mark Hales.

Any thoughts? Good luck to all!