Share Name Share Symbol Market Type Share ISIN Share Description
Inspiration Healthcare Group Plc LSE:IHC London Ordinary Share GB00BXDZL105 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 140.00 3,414 08:00:00
Bid Price Offer Price High Price Low Price Open Price
138.00 142.00 140.00 140.00 140.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Health Care Equipment & Services 36.98 3.13 5.10 27.5 95
Last Trade Time Trade Type Trade Size Trade Price Currency
13:11:03 O 2,146 139.75 GBX

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Date Time Title Posts
15/10/202110:57Inspiration Healthcare Group plc518
13/5/202009:45IHC Inspiration Health - Ventilators & PPE in the fight against COVID-19160
02/3/201201:13India Hospitality Corporation129
06/4/200908:44IHC - Significant Undervaluation8

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Inspiration Healthcare Daily Update: Inspiration Healthcare Group Plc is listed in the Health Care Equipment & Services sector of the London Stock Exchange with ticker IHC. The last closing price for Inspiration Healthcare was 140p.
Inspiration Healthcare Group Plc has a 4 week average price of 117.50p and a 12 week average price of 117.50p.
The 1 year high share price is 152p while the 1 year low share price is currently 70p.
There are currently 68,121,447 shares in issue and the average daily traded volume is 40,408 shares. The market capitalisation of Inspiration Healthcare Group Plc is £95,370,025.80.
melloteam: Just to let shareholders and prospective investors know that Inspiration Healthcare, Frenkel Topping Investments and eEnergy will be presenting at the Mello Monday webinar event tonight, Monday 11th October at 6:00pm-9:30pm. There will be over 600 investors attending and these are very popular shows with company presentations, fund manager and investor interviews, and panel sessions. Tickets are still available and if you would like one at half price then enter the code MMTADVFN50. Https://melloevents.com/mellomonday-11th-october/ The Programme is as follows: 6.00 pm Mello welcome and news 6.05 pm Company presentation by Inspiration Healthcare 6.35 pm David Stredder interviews David Cicurel, CEO of Judges Scientific 7.10 pm Company presentation by Frenkel Topping 7.50 pm Michael Taylor 8.00 pm Company presentation by eEnergy 8.30 pm Mello BASH
lfc4ever: Very promising set of results. stripping the non-trading items from the previous year accounts, we have a very significant eps increase. assuming even modest improvements in H2 compared to H1 we would be looking at eps of say 8p for the year. At current share price level that is PE of only 15 or so- surely much too low for a rapidly growing company? one wonder if we soon become a takeover target ourselves? I of course pinch myself to remind myself that i invested here for the football pitch heating technology!
montyhedge: Fair enough, like you said lots of risks, but every share a risk.Just seems high p.e, past experience if a company has one piece of negative news with a high p.e they get hammered.That's the chance investors take, I will keep an eye on this one.
strollingmolby: Looking forward to it kicking off again this weekend, and seeing Virgil and Konate at the back (& Gomez..). Not sure we have enough to win it but it'll be close. City, Utd and Chelsea look strong so hopefully there is a signing or two to be signed yet to bolster the squad. Anyway back to IHC - on target for 150p in short order and an ATH :)
xtrmntr: Crawley-based Inspiration Healthcare (IHC:120p), a fully integrated medical technology company with a strong focus on the high-growth neonatal intensive care market, has posted a major earnings beat on all levels.With the company's gross margin five percentage points higher than Cenkos Securities 43.6 per cent forecast, and annual revenues more than doubling to £37m, gross margin of £18m was £2.1m above analysts' estimates and operating profit of £4.3m was almost 50 per cent higher, too. Adjusted earnings per share (EPS) of 6.9p increased 90 per cent year on year, and net cash of £10.7m (15p a share) was almost double forecasts. Last summer's acquisition of SLE, a designer and maker of ventilators for neonatal intensive care, contributed £9.4m to revenue and there were £7.3m of one-off Covid-19 ventilators orders, too, but underlying revenue still increased 14 per cent. There is every reason to expect the positive trend to continue.In the past seven weeks, the company has received regulatory approval in Japan and China for its enhanced top-of-the-range SLE6000 neonatal ventilator that includes features such as enhanced High Frequency Oscillatory Ventilation (designed for use with critically ill infants) and the OxyGenie ® patented oxygen control algorithm (helps maintain infants at their targeted oxygen saturation levels). The higher-margin product has already received £650,000 of orders and chief executive Neil Campbell says that the two territories generated £2.8m-worth of orders with the old model, suggesting decent growth to come from the current base. SLE received a Queens Award for Enterprise this week in recognition of its work in developing an infant ventilator with the OxyGenie closed-loop software algorithm. It can only help boost sales.Sensibly, Inspiration is investing £2m in new facilities which will be operational this autumn to support additional growth capacity. The company is also making progress with its patented non-invasive, non-pharmaceutical respiratory device for apnoea of prematurity, aiming to sell it next year into a target market affecting 1.5m babies annually in the US, Europe and Japan.I suggested buying the shares, at 75p, last autumn (Alpha Research: 'Profit from a medical technology winner', 27 October 2020), and on an enterprise valuation of 12.5 times cash profit estimates, I see ample upside to my 150p target. Buy.
penpont: Simon Thompson commented on IHC yesterday in IC, concluding: 'Inspiration’s share price has kicked on 39 per cent since I highlighted the investment opportunity at 90p (‘Five small-caps with earnings upgrade tailwinds’, 2 February 2021), and is 67 per cent higher than when I initiated coverage, at 75p (Alpha Research: ‘Profit from a medical technology winner’, 27 October 2020). Trading on a trailing cash-adjusted price/earnings (PE) ratio of 20, Inspiration’s growth potential is still not yet fully priced in and I raise my target price to 150p. Buy.'
hastings: Good to enjoy your company as always Rivaldo! Not sure if this will be of interest or not, but I penned this piece on IHC for the Mike Walters board early May. It may touch on a few things that haven't been mentioned elsehwere. No share, or very rarely, ticks all the boxes, but when a number of factors come together positively it is usually worth delving deeper and considering its investment merits. The first thing to note with IHC is that it operates in a market that is in many ways somewhat insulated from the effects of any impending recession or the inevitable downturn. That is because the company is a supplier of life saving medical devices in areas of neonatal intensive care and patient warming, which by their nature are pretty much non negotiable, perhaps even more so in these strange times. More on that in a while, but in addition to operating in what can be seen as a constant market place, IHC is firstly profitable, holds net cash of £4.5m, stands on a PEG of 0.42 and in its most recent results delivered impressive organic growth of 12%. There are a few potential negatives if you use the likes of Stockopedia or other platforms, but as I always like to add, it is worth remembering that such tools are largely lagging, working on historic numbers/data and often do not take into account the most recent events or data related to a company's prospects. Admittedly though, at the current price of 62p the shares trading on a forward PER of 14 probably look priced about right at present, particularly in such uncertain times. However, IHC appears to have some really excellent growth prospects and it is interesting to note that it has, over the last few years cemented a very strong relationship with the NHS as demonstrated by recent news which is now assisting the company in further delivering on its business plan. Regarding the recent news here, having announced on the 16th March that it was to supply ventilators to the NHS for the fight against Covid19 which was a positive in itself, it subsequently went on to announce additional orders for other medical equipment and further ventilators to the value of £4m. Then, last Friday, confirming that a first batch of ventilators had arrived in the UK the company added that it had extended its 24 hour helpline facility to clinical staff at all UK hospitals in relation to access to qualified personnel employed directly by IHC relating specifically to the ventilators. Broker Cenkos described the news as a hugely significant announcement for the company and highlights the close relationship the team has developed with both the NHS and its commercial partners. Further positive news was also forthcoming last month too concerning a collaboration with Genedrive regarding its anibiotic induced hearing loss test across the UK and Ireland. The companies also expect to expand the scope of the contract over time to engage Inspiration Healthcare's network of more than 50 neonatal-focused sub-distributors around the world. The Genedrive MT-RNR1 AIHL test is the world's first point-of-care genetic test designed for use in a neonatal intensive care setting. The test screens newborns for a genetic mutation called mt-RNR1 that can cause lifelong and irreversible deafness to a child upon administration of certain antibiotics. “Our agreement with Inspiration Healthcare combines genedrive's innovative first-to-market AIHL product, with a thought-leading healthcare company with a specialist emphasis on neonatal care,” David Budd, Genedrive's chief executive officer said in a statement. “Inspiration Healthcare has a strong track record in the introduction of new technologies and over many years they have developed an extensive network of key opinion leaders that will be very beneficial as we bring the Genedrive AIHL test to market together,” he added. Neil Campbell, the CEO of Inspiration Healthcare, said the company was “delighted to be able to work with genedrive”. “Our focus has always been products that can have a profound effect on the patient outcome and we look forward to working with genedrive to make this test the standard of care in the UK and the wider neonatal community around the world,” he added. Having also released its full year results last month, revenue for full year 2020 came out at £17.8m which saw the critical care market provide for £11.4m of sales which enjoyed a 7% increase where its AlphaCore5 warming system for patients in neonatal intensive care units was a key driver. Sales for Operating Theatres came out at £1.7m whilst Home Healthcare revenues jumped by 50% year on year which now sees the company distributing Micrel parenteral feeding products. With a decent mix of its own brands complementing others, both of which are focused on disruptive innovative technologies the company looks well set to continue on a growth trajectory which is likely to boost impressive organic growth by timely made acquisitions. To this end, it made its first purchase last year in the form of Viomedix for £4m (placing) and given the prevailing climate, this looks to be an excellent acquisition as the acquired business provides innovative solutions to resolving patient problems in the respiratory care market. What's more, it is very much specialised in the designing and supplying of disposable respiratory products and sterile medical consumables including breathing circuits, perforators and surgical markers. Returning to the neonatal area where the company is very much focused it is worth noting that according to various industry reports, particularly that of Grand View Research Inc, the fetal and neonatal care equipment market is expected to be worth some $10.6b by 2026 based on an expanding compounded annual growth rate of 6.9%. Although IHC is already making sound progress in this sector it isn't resting on its laurels and has, within its pipeline of novel products/devices a very recently US (recently patent granted) project named Project Wave. The company entered into a licence agreement in 2019 with a major US West Coast University to develop what is described as a new ground breaking device that will target apnea of prematurity which is defined as the cessation of breathing by a premature infant that lasts for more than 20 seconds and is accompanied by often very serious complications. Treatments that have been used for almost three decades have raised concerns of long term negative effects, so IHC looks to have identified a positive health and commercial opening with what is described as a ground breaking respiratory device that is now expected to move quickly to trials this summer. Research at the university involved has found that the device could help to normalise an infant’s breathing rate and reduce apnoea associated with prematurity. Inspiration Healthcare have indicated that over 1.5 million babies suffer from apnoea of prematurity (or require respiratory support) each year, indicating a potential market size for Project Wave of over $60m per year. A significant feature of Inspiration Healthcare’s business strategy is, according to broker Cenkos its focus on the neonatal intensive care market. This is an essential, non-elective market where – premature and unwell newborns in western markets will be treated regardless of economic pressures. The company, which was once a pure distributor of medical equipment has now grown into a fully integrated medtech technology company within the neonatal intensive care setting which doesn't appear to be reflected in its market valuation where many still seem to perceive it as pure distribution play. In that context, the current market cap of £24m looks pretty modest, particularly in light of an increasing proportion of Inspiration’s revenues (46%) and profits being generated from the sale of equipment under its own brand. This provides the company with greater product control and the generation of improved margins. With an already established footprint across the UK and Ireland the company will look to expand that further whilst it is also actively looking to increase its presence across international markets which at present only accounts for circa 12% of revenue. Looking ahead to the financial year in play, Cenkos is expecting revenue of £20.4m, Ebitda £2.83m and adjusted pre-tax profits of £1.88m providing for EPS of 4.2p aND net cash is expected to improve to £4.7m. The 52 week range of the shares is a low of 55p against a high of 90p, which suggests that if future progress is maintained as expected, alongside another timely acquisition, then investors eyeing the medium-longer term could be suitably rewarded. Obviously there are some big name players also operating in the space but given the number of active smaller players gives it something of a fragmented look suggesting a ripe environment for consolidation. IHC has clearly made solid progress in recent years and the management appear sound with a conservative approach as revenues largely organic driven have improved from £9.5m in 2015 (listing year, via reverse into (Inditherm) up to the recently reported £17.8m. Pre-tax profits have also in the last three years begun to build momentum and the board has already stated an intention to commence a progressive dividend policy
lammylover: I think its just PIs expecting too much. Those who bought in around mid 60s, expected instant surge in share price on additional orders. People are not prepared to wait a week or two for results to come out (approx. 20th April, by my reckoning) and move money elsewhere as every other share seems to have surged in price the last 2 days. Happy to hold for results - lets face it, IHC revenue must be up on increased demand and EBITDA the same. I can't see a reduction in demand for medical items in the near future, the only risk is if they can't supply enough due to global demand. The current share price doesn't include any uplift for the £4m ventilator order - in fact share price hit 72p before the 2 orders in March. Just my take on things - patience is a virtue! The market transfers money from the impatient to the patient - Warren Buffett
lammylover: Share price at 64p is WAY BELOW the share price reached when they announced the last results being ahead of expectations - price then rose to 72p. It appears that there is still a large seller selling off blocks of shares into any share price rise and effectively keeping the price down. But also there are lots of large buys going through sub 66p. At current price of 64p, there is nothing factored in for the £5m order from NHS received in March. Quite why the large seller is offloading, is anyone's guess? All I can say is that the next update on results should be around 20th April (based on last 2 years RNS trade updates) and I can't see it being anything but positive. Even if the NHS ventilators are still in transit, we know the order is good and its almost certain that other orders from NHS and other countries since the CV outbreak will be significantly larger than normal. Summary = absolute bargain at 64p; however its a crazy market out there!! Rich
lammylover: IHC year share price range is 57.1p to 89.9p. The share price reached 72.65p in January on RNS detailing year end information including "ahead of market expectations" results. Since then they have picked up a £4.0m order for ventillators from NHS. Share price rose to 89.9p on this news. Subsequently price has slipped back on low volume and no news. This company supplies all manner of medical supplies, not just ventillators. At this time of unprecedented demand, why on earth would you think that sales would fall and share price be at 50p??? You should do yourself a favour and buy today at 64.5p and thank me when the results come in! Rich
Inspiration Healthcare share price data is direct from the London Stock Exchange
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