Inspiration Healthcare Share Discussion Threads

[limousine] 14/4/2009 14:27

small signs of a pulse

[fairdeal2008] 28/3/2009 09:39

well I called in the current ration rather than current ratio, it was a long week :-) any other stocks where the cash is much higher than the market cap...??

[andrbea] 28/3/2009 07:45

the cash pile I was wrong as at 30.9.2008 (USD) Cash and cash equivalents 7,929,270 coming from 18m last time (31.3.08) (... so high cash burn) Accounts receivable, net 8,619,749 Accounts payable 11,790,747 Total current assets 19,772,333 Total current liabilities 33,218,623 Total non current assets 163,983,189 Total non current liabilities 30,469,565 the 163 is the only redeeming figure it comprises things like: Goodwill 26,272,730 Property, plant and equipment, net 76,231,790 Capital work in progress 4,054,668 Intangible assets 45,045,786 maybe they got the bank loan on the back of thise long-term assets the operating revenue will have to improve though, as they're making a loss.

[fairdeal2008] 27/3/2009 20:55

andrbea - just looking at the accounts but notice current ration is much less than one, suggesting that cash and current assets as a whole are outweighed by current liabilities (mainly trade payables I think). In essence it looks like they don't have any net cash, and that is why they are raising funds etc etc... Can you have a look at this for me.... Thanks

[andrbea] 27/3/2009 13:51

So "cash + secured loan" is 6.5 times the mkt cap...

[andrbea] 27/3/2009 12:58

I'm in nvr too which has a similar thread title (significant undervaluation) reckon IHC falls into the same category they secured a bank loan (Jan 22) worth 4 million USD STATE BANK OF INDIA HAS INCREASED ITS EXISTING CREDIT LINE TO THE COMPANY BY approximately $4 million to help fund the company's strategic expansion plans for its air catering business and older stuff this has a mkt cap of 2.49m = USD 3.37m in last half-yearly report: Cash & cash equivalants: 18,102,932 USD so even if the business is worth nothing, what's it doing at these low levels? level of cash + loan compared to mkt cap... 18.1m + 4m = 22.1m compared to 3.37m Do-onnng!

[andrbea] 27/3/2009 12:54

IHC business not doing well it would seem SP was 4$ in Dec 08, now fallen to 0.15$ to buy

[andrbea] 27/3/2009 12:42

loan: 22 Jan 2009 STATE BANK OF INDIA HAS INCREASED ITS EXISTING CREDIT LINE TO THE COMPANY BY approximately $4 million to help fund the company's strategic expansion plans for its air catering business

[andrbea] 27/3/2009 12:34

try share centre (to buy ihc) they have set them up online rgi has a long-term debt of 45 million, so maybe the cash pile (50m) is meaningless there earlier post: "in Nov strategy statement they said, as regards cash position: The Company's current cash balance is approximately $50 million. RGI currently has an outstanding debt of approximately $45 million in unsecured Series A bonds (the 'Bonds'). Maturity of these Bonds is phased over two years and not scheduled to begin until November 2010 current mkt cap is 10.7m pounds."

[l2e] 24/3/2009 20:32

andrbea nice commentary. Just wondering who you can trade these with, barc and hoods dont seem to have a listing for this one. May have a flutter, if NMS allows of course. I wonder how far stocks such as rgi and ihc have left to fall though? I am also currently monitoring NVR but am unsure that their cash will last also its another hoodless disater recommendation for some of their clients so am obviously a bit wary. Just out of interest which are your prefered ones and why? Thanks and all the best

[double6] 24/3/2009 15:19

Canny liabilities ??

[andrbea] 24/3/2009 12:32

some other shares with absurd valuations at the moment: cash = 200% of market cap. (TGE) .. and rgi (see rgi thread) nia dyor

[andrbea] 24/3/2009 12:04

so ratio of cash & cash equivalents to mkt cap is 2.36/18.10 = 13% and they cash is king... :-) nia dyor

[andrbea] 24/3/2009 09:07

up 21% a green tick at last! 2 of their companies do terresterial and airline catering Domestic market must still be intact Mumbai terror shock pulled it back (less international tourists/bookings for hotel rooms), but the domestic market must still be there Indigenous people still using planes, airline catering & hotels/restaurants...

[andrbea] 23/3/2009 11:31

see 'new projects' http://www.mars-world.com/company_index.html

[andrbea] 18/3/2009 09:20

this has a mkt cap of 1.74m = USD 2.36m in last half-yearly report: Cash & cash equivalants: 18,102,932 USD so even if the business is worth nothing, what's it doing at these low levels?

[andrbea] 17/3/2009 13:17

Feb 5 2009 The company's CEO Ravi Deol is also said to be looking at possibilty of a management buyout. The report adds that private equity funds like Actis, Standard Chartered PE have been approached. But Deol has been quoted as saying that the plans of a management buyout are "completely baseless." The company has appointed an investment banker to raise $60 million for expanding its hotel and restaurant operations. According to IHC's recent filings with AIM, the blank check firm has recently raised $4 million in debt from State Bank of India to expand the airline catering business of SkyGourmet. The filing adds that IHC is aggressively working towards signing hotel management contracts in the largest cities in India. IHC has appointed Ravi Deol, who was part of the founding team at cafe chain Barista, as the it's new CEO, replacing the interim CEO Richard Foyston. IHC also got a new COO, Sandeep Vyas, who was working with Yum! Brands International's Pizza Hut. IHC recently announced a loss attributable to shareholders of $5.44 million or $0.20 per share for year 2008. http://www.vccircle.com/500/news/another-restaurant-up-for-grabs-ihc-puts-mars-the-block

[vision88] 09/3/2009 22:45

only for the brave

[limousine] 23/2/2009 08:32

litte rise today

[limousine] 15/2/2009 15:17

http://www.expressindia.com/latest-news/Travel-industry-hit-by-terror-not-recession/396697/

[limousine] 15/2/2009 09:20

The sky's the limit for these once the commonwealth games arrive at India in 2010.