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
  -0.50 -0.8% 62.00 7,740 09:00:04
Bid Price Offer Price High Price Low Price Open Price
61.00 63.00 62.50 62.00 62.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Health Care Equipment & Services 0.15 -3.53 -13.00 57
Last Trade Time Trade Type Trade Size Trade Price Currency
16:31:56 O 40,000 62.00 GBX

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Date Time Title Posts
21/5/202110:02Induction Healthcare18

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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 62.50p.
Induction Healthcare Group Plc has a 4 week average price of 62p and a 12 week average price of 62p.
The 1 year high share price is 114p while the 1 year low share price is currently 62p.
There are currently 92,050,727 shares in issue and the average daily traded volume is 5,329 shares. The market capitalisation of Induction Healthcare Group Plc is £57,071,450.74.
dekle: The drop yesterday made the placing price seem less of a discount
74tom: Strongly suspect that a placing is on the way here; Cash at 30th September = £5.01m Operating cash burn in 6 months to 30th September = £2.4m Probable cash balance at 25/03 = £2.5m or so Enough to last another 6 months. 5 x RNS releases in the last 14 trading days is always a sure sign they are trying to increase the share price and thus reduce dilution. Admirable, but whether it's good for PI's depends on the discount. Interesting to see what happens & whether they provide any clarity on revenues, as recent RNS's are missing any financial figures / are pure fluff.
megasonic: Built up a healthy holding in INHC these past few weeks. RNSs on a number of contract wins in the last few days and the resulting share price action suggest this was a wise investment.INHC looks a real solid MedTech business, seems to have plenty of buy in from medical professionals.Expecting a Trading Update next month that will hopefully reveal decent revenue growth and potential for future contract wins. Currently only 20% of float available to PIs so share price will see big moves on low volumes. share price might see a big bounce if TU is positive, but IMO the real reward will come from a long term hold.
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
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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