Clinigen Share Discussion Threads

[adamb1978] 14/7/2020 14:26

Hi Fernagx

Agreed that the leverage is weighing on the price at the moment. I've generally steered clear of levered companies recently but took the plunge with CLIN given that there seems to be a working cap unwind next year(counteracting the working cap increase this year) which will reduce it a bit, along with natural cash generation and which should more than offset the consideration due in the next 12 months. At that point, I'd see it re-rating to the previous multiple levels which I referred to above

ADam

[fernagx] 14/7/2020 12:24

I do think that 11% is a bit of an overreaction.

Covid-19 should have already been built into the share price and the Directors have been clear on the trading conditions expected that lie ahead.

It will be better to wait until we get full results. If things continue as they are and Covid 19 eases somewhat I expect a return to £8/share.

They really need to focus on reducing their debt. Gearing is high.

[adamb1978] 14/7/2020 11:07

Hi Ali47fish

My post above was before markets opened. Agree that 11% down isnt great but again re-reading the TS there isnt much negative in there, aside from FY21 growth at the lower end of their medium term range. Perhaps people are concerned that that lower growth persists beyond this year, or is actually than 5%, though I think this is priced low at sub 10x FY21 earnings now and in particular compared to the historical 15x-20x range

Adam

[ali47fish] 14/7/2020 10:27

if it's solid you wouldn't expect the share price to go down by 11pc as i write- when i read it this morning i thought it was fair with some caveats

[adamb1978] 14/7/2020 09:29

which parts didnt you like?

[robertball] 14/7/2020 08:23

Really? Anything but solid...

[adamb1978] 14/7/2020 07:52

Solid trading statement this morning which underpins the investment case in my view. Decent top-line and profit growth and re-iterating their intention to take leverage down over the next 12-18 months via organic means.

Still believe that these are very cheap. Historically they've traded on a 15x-20x PE and based on EPS in 65p-70 range today growing to the 90s over 2-3 years, I dont think its unreasonable to expect the share price to be able to get to the £15 area in that time-frame. Very happy continuing to hold

[adamb1978] 23/6/2020 16:55

ok, it's just media speculation...and a HIGHLY misleading message from YouInvest!!

There's an article on practive investors

hxxps:// www.proactiveinvestors.co.uk/

companies/news/921894/

clinigen-circled-by-private-equity-firm-for-takeover-bid-say-reports-921894.html

[adamb1978] 23/6/2020 16:53

From youinvest:

Clinigen Group Plc has announced that it has received details of a possible takeover offer from Advent International Corp. If the offer becomes official, it is expected that you will be given the choice to sell your shares to the new company with no dealing charges.

Further information will be released upon receipt.


But there's no RNS that I can see?

[thewheeliedealer] 22/6/2020 21:17

Hi all,

My mate Peter @Conkers3 and myself did a Twin Petes Investing Podcast a few days ago and part of our discussion covers CLIN which I hold myself and see as still undervalued. We also chatted about loads of other Stocks and as always a fair bit of general Portfolio Management educational stuff. Anyway, if you use Apple, Audioboom, Overcast or Spotify you can find it under the 'Conkers Corner' Channel (you want TPI Podcast 25) and you can find it on Soundcloud at the link below.

I hope you enjoy it and find it useful,

Cheers, WD
@wheeliedealer

[thorpyuk] 17/6/2020 13:58

Not sure I would! True value after results I suspect...

[daveme] 15/6/2020 17:48

Good spot thorpyuk. I'll take £10.50 to £11.50 for my shares any day of the week.

[thorpyuk] 14/6/2020 17:41

Takeover on the cards?

[ifthecapfits] 26/5/2020 11:17

Got my eye's on these for when the next sell off occurs.

[adamb1978] 13/5/2020 09:31

It doesnt feel much different to other similarly sized companies to me in the current environment. I'm expecting the July year end TU to be quite positive for the share price

[marvelman] 13/5/2020 09:25

...feels like a bit of both Nocton...a holding RNS might guide us if and when it comes.

[nocton] 13/5/2020 08:44

Does anyone know why this share bounces up and down like a yo-yo? Is it being day-traded heavily or is someone dumping shares every time there is a large rise?

[discodave4] 12/5/2020 12:26

Then again!

[discodave4] 11/5/2020 22:20

Sod's law!

[discodave4] 09/5/2020 13:17

Still looks like decent value here, lower end of its historic PE.

[corbeta] 01/5/2020 10:05

Could this mean a dual listing in New York?
(It's done wonders for GAN).

[thewheeliedealer] 20/4/2020 21:33

Hi all,

My mate Peter @Conkers3 and myself did a Twin Petes Investing Podcast a few days ago and part of our discussion covers CLIN which I hold. We also talked in depth about the current situation in the Markets and how we reckon things could play out. Anyway, if you use Apple or Audioboom you can find it under the 'Conkers Corner' Channel (you want TPI Podcast 21) and you can find it on Soundcloud at the link below.

Ideal listening whilst you are locked away !!

Cheers, WD
@wheeliedealer

[adamb1978] 02/4/2020 16:28

Cash generative and facilities don't need to be renewed for 3+ years. Their balance sheet isnt a problem at all

[fernagx] 02/4/2020 15:25

They are cash generative so can easily take down the size of the debt should they choose to do so.

[porsche1945] 02/4/2020 15:17

Way too much debt for the size of company. Problems.