Healthcare Locums Share Discussion Threads

[loverat] 12/3/2013 16:20

Monkey Puzzle

These boards are all about discussion and speculation about what may or may not happen. My particular speculation is based on something that has happened before. History always repeats itself so you got to keep your eyes open and your wits about you in these markets.

Not quite sure what you mean about 'legal matters'. I only mentioned pre packs and the FSA which are matters that are regularly discussed here and you do not need legal knowledge to know a bit about that. Did I somehow stray into giving a legal opinion on something?

If so, please refer me to the comment and I will remove it.

[bill182] 12/3/2013 16:12

Loverat - I am quite fortunate with this one in that I bought when the price dropped, but I feel the long-term holders are being 'mugged' under the current indicative proposal.

We will see how it plays out, but the signs are not good that PI's will get anywhere near a fair value for their shares.

[monkey puzzle] 12/3/2013 14:28

More pointless speculation from ADVFN's resident barrack room lawyer...people should be careful reading what he posts, he is not qualified to promote himslef as any expert on legal matters...as usual he is merely speculating about something they may or may not happen.

[dusseldorf] 12/3/2013 14:05

Taking the view of the directors, perhaps they cannot put forward a view on the offer because there is yet no firm offer. The company Nomad will have been advising.

I've no doubt the concert group wanted to buy more shares when the price dropped, however, Tosca et Al will have been very careful over the last 12-18 months - there is a clause in offer rules stating if the offering party has acquired 10%+ within 12 months of offer, that they must offer 'at least' what they paid for the highest price share during that period. Unfortunately they purposefully kept purchases around circa 3 - 4% - I've no doubt they could have bought more but would have precluded a low ball bid and forced them to pay highest price in the period (which would have been circa 3.25p/share).

So you could argue with the two largest holders deliberately not buying to avoid triggering a) immediate offer, b) at minimum price, there has been somewhat of a false market for shares.

[bill182] 12/3/2013 13:57

JoJo_Jo - I would certainly agree there are games being played here. When do the company intend to make a statement regarding their own thoughts as to the value of the company? Why has there no mention of the delay to the framework agreement announcement of the recent positive news that has been appearing on the website?

This smacks of collusion by parties with vested interests and should be investigated id Tosca et al get away with a low ball bid and the directors capitulate without making every attempt to maximise value for all shareholders.

[dusseldorf] 12/3/2013 11:23

You'd think it was imminent given the contract expiry at 31st March, but the Government don't seem in any rush(!) It's a shame companies participating in submissions can't get some form of compensation claw-back for delays or postponements.

Fingers crossed a) it's released any day and b) HLO are on the list.

[bill182] 12/3/2013 08:54

The bid has moved up this morning....news on the framework agreement imminent!

[bill182] 11/3/2013 09:39

More positive news from the website:

London, Friday 8 March 2013 - As proud sponsors of Cardiff Medicals Rugby Football Club, MPS Healthcare, Wales' leading recruitment agency for healthcare professionals, is backing the team to win their seventeenth National Association of Medical Schools (NAMS) title, ahead of their first round game. The squad continues their competitive journey with a match against Peninsula RFC in Llanrumney.

Cardiff Medicals RFC has a long running history of success in the NAMS competition, winning 16 titles and holding a record of 13 back to back wins. MPS Healthcare began sponsoring the team, drawn from Cardiff University Medical, Dental, Physiotherapy and Nursing students, last year ahead of their semi final placing.

"We are absolutely delighted to be sponsoring Cardiff Medicals RFC." commented Alyx Peters, Managing Director of MPS Healthcare, "Not only does the club have a reputation for sporting excellence but it also supports medical students to form life-long friendships. This reflects MPS' commitment to support Welsh healthcare professionals of the future as well as the present."

Huw Davies, coach of Cardiff Medicals RFC, added: "We are looking forward to competing in the NAMS tournament, a cup we aim to dominate despite strong historical competition. However, we wouldn't be able to compete in this or other high level competitions without the support of our sponsors, including MPS Healthcare."

MPS Healthcare, based in Cardiff, has been supplying a range of both temporary and permanent healthcare professions to the NHS and other healthcare providers such as Vale Healthcare, the Ministry of Defence, Spire, Marie Curie and many other charities in Wales for over ten years.For further information, visit: www.mps-healthcare.com.

[dusseldorf] 11/3/2013 09:04

Share price slowly creeping up, I guess framework suppliers due any day

[xow98] 08/3/2013 09:32

Not sure anybody would back Kate given the outcome of the tribunal. It is in our interest for her to find a backer, but why would anybody back her given the recent knock to her reputation. Would the NHS ever consider dealing with her again?

[dusseldorf] 08/3/2013 08:22

According to this report Helen Bleasdale still owns 2m shares, but perhaps that is history now she's in legal wranglings - surely that represents a conflict of interest?



Some more shares for the 'say no to tosca' gang? you'd think if she knew the true value of business a rival bid would perhaps be possible, though who would back her? funds in US perhaps?

[jojo_jo] 08/3/2013 01:11

'wherehave...' (it was 'sudo...' yesterday) for some reason is putting up Kibo Mining charts. Yes Kibo is down slightly for me (there's always the odd poor performer). However it appears to be 'wherehave's only winner! He's completely obsessed with it!

No decent person wants to listen to a vile shortseller like 'wherehave...' (who just wants to see investors lose money, so he can profit).

I expect HLO to show a good return from this level, and my average here is under 0.50p now, so I'll be happy with anything above 0.54p - although I expect Tosca&Co to offer quite a bit more.

IMPO/DYOR/NAI
Jo

[bill182] 07/3/2013 15:03

More positive news from the company's website:

Tuesday 5 March, London, 2013 – HCL Social Care is offering local authorities assistance to UK children's services before, during and after inspection with improvement programme, HCL Special Projects.

New inspection framework for local authorities' children's services launched last year, with the Office for Standards in Education, Children's Services and Skills (Ofsted) assessing how well local authorities and their partners identify, help and protect children in their areas.

HCL Special Projects is an end-to-end service covering pre-inspection health checks, an overview of systems and recommendations and mentoring in line with budgetary and service restrictions. The service is carried out by specialist project teams.

HCL Social Care Managing Director Stephen Hockey says the service has been developed in direct consultation with senior figures across the sector.

"We want to directly address the new Ofsted inspection criteria and work with local authorities to reverse the current trend of 'inadequate' gradings." Mr Hockey said.
Stephen Hockey, HCL Managing Director of Social Care

Stephen Hockey
MD HCL Social Care

"The service is modular - local authorities can pick and choose elements of the HCL Special Projects package or select a full service. This allows us to provide a specific, measurable and effective improvement in systems, processes and morale." He said.

"It's all about painting a clear, concise and transparent picture so local authorities can act. Key issues range from getting case loads audited and up-to-date, mentoring staff, refreshing quality assurance and compliance procedures and more."
"As a volume supplier of social care staff, it's imperative we are doing what we can to make sure we are giving local authorities the support they need, and to the highest level of compliance and safeguarding. Basically, we are looking to encourage positive outcomes for standards of care and cost efficiencies for children's services."

[dusseldorf] 07/3/2013 14:15

2,000,000 shares bought in last 1hrs..price now up

[dusseldorf] 07/3/2013 14:14

Price still down although buys have outnumbers sells 4 - 1. Someone perhaps accumulating or speculating.

Framework announcement should be out any day, and the way of the world is that the price will react before an RNS is out...which ever direction it heads

[jojo_jo] 06/3/2013 15:56

I wonder who the big seller was who collapsed the price with the c.40m share dump in early February. I thought it was Jupiter, but their holding hasn't changed according to HLO's website.
I can't see it having been your typical short-seller at the prices sold, which have never been reached (and so currently out of the money), and who could lend them 40m shares anyway? Tosca&Co still have their holding intact it seems.
Jupiter may have another day or two left to advise of their threshold crossing (below 5/4/3%), but if that isn't confirmed soon I couldn't say who the seller was, suffice to say it could only conceivably have been via a stock loan to a short-seller.
We'll have to if Jupiter announce a holding change in the next day or two.

Yesterday's RNS implies a firm offer (at least 0.54p) is in the pipeline, together with additional capital (probably as/if required over the next few quarters).

It's worth remembering that HLO have c.£9m cash, so they don't need any immediate money. Accordingly should things improve, as expected, and no further cash injection is required down the road, they could offer £8.5m for the company, pay £2.3m for the minority shareholders shares, get the company for free and have a cash surplus on the books of £6.2m following completion. That, or something similar, could well be the game plan.
By a strange coincidence 848m shares x 1p = £8.48m, so is 1p the price they have in mind I wonder? It certainly fits... gets them a company with £8.5m cash in the bank for an outlay of £2.3m!
Now that's a good day's work!
They will probably offer to pay down the bank a bit quicker with their two companies/funds underwriting any security shortfall, or underwrite it in return for releasing any charge/security/debenture the bank may hold over HLO or any of its assets.
Looks feasible.

IMPO/DYOR/NAI
Jo