Inspiration Healthcare Share Discussion Threads

[rivaldo] 09/10/2020 11:00

Cheers - here's a direct link:



Good to see the CEO emphasising the organic growth - i.e the ventilator sales were simply a very nice bonus - and that the maiden dividend is sustainable from the core business. The outlook is also extremely confident.

[troutisout] 09/10/2020 09:51

tinyurl.com/yyjpd9lg

[rivaldo] 08/10/2020 14:30

Great spot MG1982, cheers - looks very promising.

[mg1982] 08/10/2020 11:05

Seems like a large contract for IHC of £7.5m. Wonder how much of it belongs to them?



Interesting from a few days ago

Lovely!

[troutisout] 08/10/2020 09:36

Neil Campbell, Chief Executive Officer, will be presenting via the Shares and AJ Bell investor evening webinar tonight at 18:00 BST.

For more information, please visit our website below.

hxxps://buff.ly/33CU207

[rivaldo] 07/10/2020 08:03

Here's Investor's Champion's verdict on the results - "good value"...

"Inspiration Health: inspiring results

Global medical device company, Inspiration Healthcare Group (LON: IHC), announced excellent interim results for the six months ended 31 July 2020 as it benefited from the NHS’ rapid requirement for ventilators.

Group revenue rose 77% to £14.2m and was 25% higher excluding the impact of acquisitions.

Adjusted operating profit was up 122% to £1.1m with the net operating cash inflow £2.2m helping to lift period end cash position to £5.2m, which supports a maiden interim dividend

The Group sourced over 500 adult ventilators delivering £7.3m of 'one time' revenue, of which £2.9m was in the first half year.

The big news at the end of the period was the acquisition of S.L.E for a total consideration of £18.0m. S.L.E. is a leader in the design and manufacture of ventilators for neonatal intensive care, with management hoping it is a major step on their journey to become a world leader in Neonatal Intensive Care.

Management now expects full year results to materially exceed market expectations.

House broker forecasts for the full year ending January 2022, including a full year from S.L.E, are for revenue of £40.6m (+15%), and earnings per share of 4.7p. At the current share price of 69p this results in a 1 year earnings multiple of only 14.7x – good value compared to many others!

The shares rose 11% on the news lifting the market capitalisation to c£47m."

[cockerhoop] 07/10/2020 07:23

Yes, I did troutisout. No startling revelations but appeared very happy with initial SLE integration and benefits from cross selling etc.

[troutisout] 07/10/2020 06:59

Did anyone listen in to the Investor's presentation? Did it happen yeterday?

[rivaldo] 07/10/2020 06:09

Nice big mention in this morning's market report in the Daily Mail:



"Inspiration Healthcare Group was cheered by investors for declaring its first dividend.

The move came after the company, which has been supplying ventilators to the NHS during the Covid-19 crisis, said revenues had jumped from £8.1million to £14.2million in the six months to July 31.

Its profits also rose from £483,000 to £1.1million during the period.

Inspiration declared an initial divi of 0.2p per share – worth £136,000 overall – for the first half, payable on December 29. Shares climbed by 4 per cent, or 2.5p, to 64.5p."

[cockerhoop] 06/10/2020 11:02

I have replied to Paul Scott's nonsense on Stockopedia ;-)

[geoff80] 06/10/2020 08:52

An obvious buy.

[hastings] 06/10/2020 07:55

Agreed rivaldo.

[rivaldo] 06/10/2020 07:40

Paul Scott has just commented on IHC on Stockopedia in the comments section of his Small Cap Report.

It's inaccurate, containing factual errors, and just completely misunderstands the company and its core earnings and potential. If I was a paying member and able to post, it would be difficult not to compose a really angry reply, since it's so superficial. And it will no doubt put off many from investing or even looking.

I appreciate he has a difficult job in having to quickly review companies he's unfamiliar with, but that doesn't excuse something so fundamental as this.

[rivaldo] 06/10/2020 07:28

Cheers WGT, appreciated - that must have been a while ago :o))

Cenkos have increased this year's forecast to diluted EPS of 4.9p, with £5m net cash at the year end.

They also state that there's between 30% and 65% upside to the overnight share price based on the usual multiples, so the high end would see the share price up to 102p.

[geovest] 06/10/2020 06:42

From the Cencos note:
Investment thesis – Organic growth and the transformational acquisition of SLE is
set to more than double Inspiration Healthcare’s revenues and adjusted EBITDA from
FY20A to FY22E. We believe such growth is fundamentally attractive but note our
FY22E forecasts highlight the ‘true’ market valuation of Inspiration Healthcare shares
pointing to a significant undervaluation in our opinion. We believe the shares should
be trading closer to 90p in the near term and reiterate our Buy recommendation.

[hastings] 06/10/2020 06:38

Cenkos has upgraded and looking at next years numbers, which could prove conservative IHC trades on a forward PER of 12!

[rivaldo] 06/10/2020 06:21

Yep, lovely stuff :o))

"we expect to materially exceed market expectations in the full year"

and there's much confidence for 2021 too in definitively saying IHC "will maintain momentum into next year".

IHC have £5m net cash to continue growth, against a £42m m/cap.

The transformational SLE acquisition "has already shown potential to deliver more opportunities than originally anticipated".

And there's FirstBreath and Project Wave to further accelerate growth.

[hastings] 06/10/2020 06:07

Excellent results, maiden div and full year numbers to beat expectations.

[lammylover] 28/9/2020 08:06

Just bought another 8000 shares at 61.5p. MMs are moving bid / ask prices around so it looks like a sell!
Great value at this price IMO
HY results due next Tues 6th October

[troutisout] 25/9/2020 09:38

That sell price from earlier is ridiculous!

[rivaldo] 25/9/2020 09:31

IHC are presenting here on 8th October (along with SCE which I also hold!):

[troutisout] 16/9/2020 08:15

Great update, confirmation of final delivery of the NHS ventilator contract and the bonus of a smaller one from SLE. None of which was included in the Broker Forecasts. Interims due early next month. Interested to see how the acquisition is bedding in and also how well other products have been doing...