Claimar Care Share Discussion Threads

[igoe104] 14/9/2007 08:48

Its looks like they have a few more acquistions in the pipeline looking at the last statement. This could be another care uk in 5 years time.
this company only has a 42 million cap, lots of growth, for a company in a growing sector.

[jailbird] 14/9/2007 08:16

with all these acquistion, how much cash have they left...

this reminds me of BNH..sound company.They bought up smaller players
to consolidate the sector.

[joshalexander] 13/9/2007 18:10

Very few still realise the extent of the growth in prospect here IMO.
Claimar are going to play a major role in the consolidation underway in this sector. Huge scope for rapid earnings growth here over the next few years.

Think Mears about five years ago - and you will be along the right lines IMO.

Very exciting times ahead.

[carneddau] 10/9/2007 13:44

Looks like a very good L/T prospect with acqusitions in the pipeline and general consolidation in the sector.

[igoe104] 10/9/2007 08:03

ACQUISITION OF BOUNDARY CARE LIMITED

Claimar Care Group Plc ("Claimar" or the "Company"), a leading provider of
domiciliary care services to local authorities throughout the Midlands and the
North-West, announces that it has acquired the entire issued share capital of
Boundary Care Limited ("Boundary Care") for a total consideration of #300,000
which will be satisfied in cash on completion.

Boundary Care is a domiciliary care provider based in Colne, Lancashire which
currently employs 37 care workers. The business was established in 2005 and
currently delivers around 1,050 hours per week. Boundary Care contracts mainly
with Lancashire County Council.

For the year ended 31 August 2006, audited accounts show turnover of #646,000
and a profit before tax of #176,000. As at 31 August 2006 Boundary Care had net
assets of #106,000.

The acquisition will complement Claimar's existing branches in Lancashire. The
Claimar Board expects the acquisition of Boundary Care to be earnings neutral in
the current financial year, and earnings enhancing in the year commencing 1
October 2007.

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

"Boundary Care Limited is the seventh acquisition to be completed by Claimar in
the current financial year and the twelfth since the Company floated on AIM.
This acquisition of a business with an excellent local reputation will reinforce
our strong relationship with Lancashire County Council. We believe that this
acquisition could lead to further opportunities for us in Lancashire and we are
also likely to benefit from economies as we combine Boundary with our existing
structure and resources in the region.

"As previously indicated, there continues to be a strong pipeline of further
acquisition opportunities. The Group is in discussions with a number of
possible vendors and we are confident that a number of these will lead to
further transactions taking place."

[igoe104] 24/8/2007 08:53

This company is going from strengh to strengh, this home care health market is a rapidly growing market, and old folks don,t like nursing homes, they would rather be cared for in there own homes. and as we know we are all living older and older.
its a great sector to invest into.

[noshy] 24/8/2007 08:31

another small aquisition

[noshy] 24/8/2007 07:53

RNS Number:7554C
Claimar Care Group PLC
24 August 2007


For Immediate Release 24 August 2007

Claimar Car Group plc

Acquisition of Lynks Care Limited


Claimar Care Group Plc ("Claimar" or the "Company"), a leading provider of
domiciliary care services to local authorities throughout the Midlands and the
North-West, announces that it has acquired the entire issued share capital of
Lynks Care Limited ("Lynks Care") for a total consideration of #450,000 which
will be satisfied in cash on completion.


Lynks Care is a domiciliary care provider based in Luton which currently employs
32 care workers. The business was established by the current vendors in 2002 and
currently delivers around 730 hours per week. Lynks Care contracts mainly with
Luton Borough Council and with Bedfordshire County Council.


For the year ended 30 April 2007, audited accounts show turnover of #620,000 and
a profit before tax of #137,000. As at 30 April 2007 Lynks Care had net assets
of #21,000.


The acquisition will complement Claimar's existing branches in Milton Keynes,
Northampton and Coventry. The Claimar Board expects the acquisition of Lynks
Care to be earnings neutral in the current financial year, and earnings
enhancing in the year commencing 1 October 2007.


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

"Lynks Care Limited is the sixth acquisition to be completed by Claimar in the
current financial year and the eleventh since the Company floated on AIM. This
acquisition will extend our regional presence in the south Midlands and we
believe it will help create additional opportunities for us with both Luton
Borough Council, following the recent award by it to Lynks Care of a block
contract, and with Bedfordshire County Council.

"As previously indicated, there continues to be a strong pipeline of further
acquisition opportunities. The Group is in discussions with a number of
possible vendors and we are confident that a number of these will lead to
further transactions taking place."

Note: Nothing in this announcement should be construed as a profit forecast or
be interpreted to mean that the future earnings per share or profits of Claimar
will necessarily be greater than the historic published earnings per share.

Enquiries to:

Mark Hales, Chief Executive, Claimar Care Group Plc
Tel: [phone]

Steve Douglas, Arden Partners plc
Tel: [phone]

Paul Vann/Tom Cooper, Winningtons Financial PR,
Tel: [phone]

[igoe104] 21/8/2007 15:46

here you go josh.

Mears shrugs off 5 Live fuss
Cherry Reynard, 21/08/07 11:10

Housing repairs group Mears weathered controversy about practices in its Hackney and Islington branch to announce pre-tax profits up 23% for the first half of the year.
Mears chairman Bob Holt says allegations made in a recent BBC Radio 5 Live report were 'unfounded'. The report suggested that the Hackney and Islington branch of Mears had falsified completion and tenant satisfaction statistics for social housing repairs.

An independent investigation by The Housing Corporation's started on 6 August and will take several weeks.

The controversy did not dent revenue growth. Turnover was up 16% to £136.9m while pre-tax profits rose from £5.34m to £6.58m. Basic earnings per share were up 14.7% to 7.26p and the group raised the interim dividend 22.2% to 1.1p per share.

The order book has now increased to £1.24bn. The group has re-organised to focus on working with long-term partners. Its recent 15-year contract with Welwyn and Hatfield council is a good example and will be worth £168m to the group.

The group bought Careforce in March and has subsequently made three more acquisitions in the care home sector. Chairman Bob Holt said the care market is where the social housing market was five years ago. He added that the integration had gone well and he planned to use Mears' expertise in tendering and bid writing to improve the quality of Careforce tender submissions.

Finance director David Robertson is leaving the group next March. Holt said he planned to 'spend more time with his family'. While this has tended to be a euphemism for a murky departure, the long departure time suggests darker forces are not at work. Andrew Smith, who has been at the group since 1999, will take over.

Seymour Pearce rates the stock an outperform, saying: 'The social housing market remains strong and visibility for the group is excellent with 89% cover for 2008 revenues and 71% cover for 2009. The move into domiciliary care, through the acquisition of Careforce in March, may have unsettled the market since this is a step outside the pure social housing space. However, this activity will represent around 10% of full year revenues.'

The market has pushed the share price down from 377.75p at its peak in March to its current level of 272.5p, up 0.25p on the day, . This slide was a reaction to the Careforce purchase rather than the allegations of malpractice.

The successful integration of the Careforce purchase will undoubtedly have a more significant effect on long-term profitability.

Even if there is substance to any of the BBC 5 Live allegations, it is unlikely to have a material effect on profits. The group will, in all likelihood, simply be forced to examine some of its internal procedures and issue a few disciplinary notices.

The shares are currently trading on a P/E of 15.4x, not cheap but in line with the sector. The Government is promising more money for social housing and many of the companies with exposure to this area have been reporting strong earnings.

The care home business is also likely to be lucrative with demographics on its side. We are living longer but not healthier and burgeoning demand for quality care homes is likely to continue. As long as Mears manages its acquisitions smoothly, there could be more exciting growth from this stock.

[igoe104] 21/8/2007 12:50

Thanks for that josh, i,ll take alook later. ps put sft in your watchlist, massive growth for this company.

[joshalexander] 21/8/2007 08:23

I suggust holders read the Mears's Interim statement out this morning.
Major focus placed on expanding in the Domicilary Care Market, following the recent aquisition of the SE based provider Careforce.

Bob Holt sees Domiciliary Care where the "Social Housing" Market was five years ago.

Anyone who is aware of MER's spectacular growth over the last five years, will quickly realise how significant this statement is.

I have said repeatedly that there are major opportunities to grow here in what remains a hugely fragramented Market.
The Mears's statement this morning just underlines this point - from a company that have made massive returns for holders over the last five years.


Very exicting times IMO

[joshalexander] 16/8/2007 07:27

This is the time in the cycle to be fully invested in non cyclical sectors IMO.
Guaranteed and recurring revenues based on long term contracts with Local Authorities. No worries about Sub Prime here!.

With Local Authorities increasingly outsourcing and with favourable demographics. The future is very bright indeed IMO. And this is without the massive scope to grow both organically and also by aquisition in a highly fragmented Market.

[igoe104] 31/7/2007 12:28

Care home closes every 10 days in Yorkshire



Elderly people are increasingly being forced to move away from loved ones to find suitable places


« Previous « PreviousNext » Next »
View GalleryBy Rob Preece
Exclusive: RESIDENTIAL and nursing homes in the region are shutting at a rate of one every 10 days, the Yorkshire Post can reveal.


New figures show that the number of registered care homes in Yorkshire has fallen by 143 in four years.

The number of registrations dropped from 1,858 in April 2003 to 1,715 in April this year – a 7.7 per cent decline – according to statistics released by the Commission for Social Care Inspection (CSCI). Care providers say insufficient cash from Ministers and local authorities is to blame, leaving them struggling to maintain standards and retain staff.

A Government drive to care for more people in their own homes is also a factor, and CSCI's figures show the number of domiciliary care agencies in the region has risen by 13.5 per cent in the past two years. But this policy has been criticised by the charity Age Concern, which claims elderly people have been forced to move away from loved ones to find care home places.

James Player, deputy chief officer at Age Concern in York, said: "People can feel very isolated in a care home anyway, isolated from the community.

"If they're moving out of the city and well away from their friends and relatives, many of whom are elderly themselves, it is an extra isolating factor and recent research indicated that up to 40 per cent of people in care homes were suffering from depression. My primary concern is that people should have the choice. If they want to continue living at home for as long as possible they should be able to do so but for some people a care home place is a necessity."

Three-quarters of care homes registered with CSCI are private while one in seven is run by the voluntary sector and one in 11 by a local authority. Frank Ursell, chief executive of the Registered Nursing Home Association, said: "Local authorities don't wish to pay the appropriate fee for the job and nobody wants to do something about it.

"Until something is done about it the problem won't go away. They're actually forcing the quality of care down and they're closing homes.

"Staff costs are about 60 per cent of a home's income and, if that income is depressed by local authorities paying below the going rate, it limits the amount of money we have to pay for staff. We don't want to be competing with petrol pump attendants and shelf stackers; we want people with more understanding of the job in hand but we don't have the money to pay them."

The UK Homecare Association has warned that budget pressures could also force small domiciliary care agencies to close or become "swallowed up" by larger firms.

Chairman Mike Padgham said: "The Government is not funding local authorities to a high enough level to enable them to purchase what is needed and pay the right cost of care.

"If we're not careful the care industry may follow the same route as the retail sector has with supermarkets.

"People want supermarkets but they also want corner shops. If we're not careful there won't be any more of the small family-owned businesses and we need them."

The Department of Health said: "Decisions about the number of care homes will be made by local authorities according to local needs. However, we are supporting people to remain in their homes rather than placing them in residential care...

"The Care of Elderly People market survey 2006 showed that whilst the number of care home places has fallen so has demand for those places. As a result, the spare capacity in the system remains exactly the same.

"It is also important to

[joshalexander] 26/7/2007 18:32

Non Cyclical is the place to be at this stage in the economic cycle

[igoe104] 22/7/2007 13:43

PUT THAT INFO, in the header josh.

Yes the domicilarly care market is going to be a massive growth market over the coming years the nation is living older and older, and as we all know old people don,t like nursing homes, they much rather prefer homecare in there own home.
with house prices gone up so much over the last 10 years, it makes it alot more easiler for older people to fund there healthcare.
its a good opportunity for ccgp to cash in on this, hole in the market.

[joshalexander] 22/7/2007 12:31

A new thread was overdue, thank you igoe.


I also think it worth mentioning that Claimar had already announced a strenghtening of the Operetional Management before the Acorn aquisition.
This was detailed in the last Interim report.
So Claimar have already invested in an enhanced Operational structure,
capable of running a much larger Company IMO.

The Domicilarly Care Market remains hugely fragmented, there are major growth opportunities here.

[igoe104] 22/7/2007 12:16

HERES THAT GROWTH COMPANY WRITE-UP.

Claimar Care - ADD
Companies: CCGP
09/07/2007

Claimar, the domiciliary care services company enthusiastically backed by GCI at 76.5p last year, has completed its ninth and biggest acquisition to date, paying £10.25m for Acorn Home Care.

This profitable business operates within the group's Midlands and North of England sweet spot and delivers more than 14,000 care hours per week from 14 branches, seven of which overlap with existing group branches. The acquisition, by far the largest since Claimar's debut on AIM in January 2006 and a deal financed through funds raised in a £7m March placing as well as increased bank facilities, takes the number of local authorities contracting with the group under long-term deals to 40, further enhancing earnings visibility.

Chief executive Mark Hales predicts margin benefits to rise through operational cost benefits and economies of scale, with good branch savings already identified. Though Claimar will have to invest to support contracts recently won by Acorn, the acquisition should boost earnings in the year to September 2008 and Hales remains in talks on further deals in a hugely fragmented sector consolidating around those larger players able to provide the care hours capacity demanded by local authorities, a trend squeezing out smaller players.

Following the deal, forecasts for the year to September from house broker Arden Partners remain unchanged, with pre-tax profits expected to swell from £1.3m to £2.1m. For 2008, investors might expect pre-tax profits of £3.3m, upgraded from £2.8m, and earnings of 7.7p, placing the shares on a 2008 multiple of 19.5, undemanding given growth rates and the scope for further savvy acquisitions. Add.

James Crux
Market cap: £45.3m
PE Forecast: 26.4
Share price: 150.5p

[igoe104] 22/7/2007 12:11

just started a new thread. i,ll keep it updated.

[igoe104] 22/7/2007 11:45

Claimar Care is now established as one of the UK's foremost suppliers of high calibre care to individuals living in their own homes under long term contracts. These contracts are delivered principally as part of outsourcing arrangements with local authorities.
with governments wanting more people to have more care in there own homes, this looks like the right company in the right sector.
So Claimar have already invested in an enhanced Operational structure,
capable of running a much larger Company IMO.
The Domicilarly Care Market remains hugely fragmented, there are major growth opportunities here.

LATEST NEWS

LATEST PRESS

[igoe104] 21/7/2007 12:36

SECTOR NEWS.



With folks living longer and longer, ccgp is a company in the right sector.

[joshalexander] 21/7/2007 11:25

Thr Growth Company write up indicates just some of the potential here.
The Domicilary Care Market is estimated to be worth over £4 Billion a year.
Much of this still remains with "in house" Local Authority provison.
This is increasingly being out sourced, driven by cost savings.
No wonder Mears snapped up Careforce.

[igoe104] 20/7/2007 12:57

write-up from growth company.



OTHER WRITE-UP

[igoe104] 20/7/2007 12:20

JUST PURCHASED 8490 SHARES. i,ll be adding more in the near future.

[joshalexander] 03/7/2007 16:35

Back above £1.50 a share again, great end to the day.

[joshalexander] 03/7/2007 12:19

Well the Market likes the aquisition.
The recent retrace was short lived.