| Share Name |
Share Symbol |
Market |
Type |
Share ISIN |
Share Description |
| Induction Healthcare Group Plc |
LSE:INHC |
London |
Ordinary Share |
GB00BJ0M3545 |
ORD 0.5P |
| |
Price Change |
% Change |
Share Price |
Shares Traded |
Last Trade |
| |
0.00 |
0.0% |
73.00 |
500 |
08:00:05 |
| Bid Price |
Offer Price |
High Price |
Low Price |
Open Price |
|
72.00
|
74.00
|
73.00 |
70.50 |
73.00 |
| Industry Sector |
Turnover (m) |
Profit (m) |
EPS - Basic |
PE Ratio |
Market Cap (m) |
|
Health Care Equipment & Services
|
0.15
|
-3.53
|
-13.00
|
|
31
|
| Last Trade Time |
Trade Type |
Trade Size |
Trade Price |
Currency |
| 15:42:53 |
O |
500 |
72.00 |
GBX |
Induction Healthcare News
| Trade Time |
Trade Price |
Trade Size |
Trade Value |
Trade Type |
| 2021-01-22 15:42:53 | 72.00 | 500 | 360.00 | O |
| Date | Subject |
|---|
22/1/2021
08:20 | Induction Healthcare Daily Update: Induction Healthcare Group Plc is listed in the Health Care Equipment & Services sector of the London Stock Exchange with ticker INHC. The last closing price for Induction Healthcare was 73p.
Induction Healthcare Group Plc has a 4 week average price of 70.50p and a 12 week average price of 70.50p.
The 1 year high share price is 116.50p while the 1 year low share price is currently 70.50p.
There are currently 42,050,728 shares in issue and the average daily traded volume is 5,422 shares. The market capitalisation of Induction Healthcare Group Plc is £30,697,031.44.
|
09/7/2020
11:51 | sphere25: Scubadiverr,
In this instance, it's the well publicised Woodford debacle and Link Fund Solutions (holding 10.34% of the company's stock as per the RNS dated 09/06/2020) acting as administrator to place the funds. It has been a similar theme recently at the likes of PURP, TRX and DDDD.
Identifying an overhang in general would be an interesting question. Beyond news highlighting distressed or forced fund sellers, you can look for persistent sellers via holding RNS and where stocks appear to be artificially suppressed from reaching a higher valuation.
An example of this would be TSL where Simon Thompson has recently written an article on Investors Chronicle highlighting the increasing disparity between the valuation of the stock relative to the ever increasing value of the stake it has in AfterPay.
TSL has substantially lagged the move higher in the company it owns a stake in and the holding RNS show that this appears to be because of Lombard using the opportunity of higher market demand to sell down a very significant stake. They have sold down their stake from 18.7% of the company in mid May to 4.51% as at the 30th June.
There have been numerous overhang plays in the past, but note that there is no guarantee that the stock will rally strong too - it does depend on the fundamentals of the stock too, short term rises can be sold into or stale moves can occur. INHC is such an example as it's highly speculative and could find other sellers in the market wanting to sell at the overhang clearance levels, so it ultimately depends on the fundamentals.
Clearly if this stock starts show more on the fundamental front, it changes the picture entirely.
Hope this helps
All imo
DYOR
|
05/7/2020
11:04 | danmart2: The currency valuation is based on speculation , difficult share to evaluate
|
Induction Healthcare share price data is direct from the London Stock Exchange
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