Inspiration Healthcare Share Discussion Threads

[troutisout] 06/7/2020 14:23

I had my IHC shares in 5 different accounts, Sipp and ISAs, also applied for more in each one.
The OO shares 1 for 50 will be allocated to those that applied for them, then there will be those that didn't and these shares will be offered to the excess share applicants, however they will be issued on a pro rata basis, so if someone asks for the same amount again and someone else asks for 4 times the amount, the latter will get more. The oversubscription doesn't seem too high so am hoping a lot did not take up the OO and those that wanted excess will get a fair few of them.

[rivaldo] 06/7/2020 14:11

Informative posts above, cheers.

Troutisout, I always find it impossible to predict what allocations I'll get from Open Offers! Barclays (as a consolidator) always seem to get much better allocations than they should, so I'm often quite pleasantly surprised....

[troutisout] 06/7/2020 14:01

The UK production has stopped, but IHC's involvement will continue as they are manning the 24hr helpline, which will be needed for months to come.
Penlon have now been granted CE approval for their ES02 ventilator and so are continuing to produce them for export markets. Amazing to think the consortium ended up producing more in a day, than in ten months of Penlon production pre COVID.
The real benefit for the companies involved will have been working with different companies in the supply chain, both smaller and much larger and the respect gained for each other and the co-operation involved will lead to more business between them in the future.

[geovest] 06/7/2020 13:51

Ventilator challenge announced that they have shipped the last of the 13,400 ventilators built for the NHS on 5 July. Great achievement of the consortium which included IHC.

[troutisout] 06/7/2020 13:45

rivaldo, difficult to work out what any excess allocation we will all get?

[troutisout] 06/7/2020 13:44

All passed and Open Offer oversubscribed.

[rivaldo] 06/7/2020 13:35

Fundraising approved - and the Open Offer oversubscribed. Hope I got a decent allocation....

[paleales] 29/6/2020 05:27

tinyurl.com/yckf5fch
#BOOOOOOOOOOOOOMM #N4P
@n4pharma

- £186 million government funding from UK Research and Innovation’ - Evotec are involved, i think Nigel has played a blinder here by getting Evo to do the proofing work

[rivaldo] 26/6/2020 07:44

Indeed - some quotes this morning read extremely well:

"As I announced at the time of our annual results in April, the Group had enjoyed a very strong start to the year with increased revenues and a healthy order book and I can report that this high level of activity continued during the last few months and including the Covid-19 epidemic."

Re the SLE acquisition:

"The proposed acquisition is expected to be earnings enhancing in the short to medium term, with significant commercial synergies. Additionally, it will broaden the Group's product portfolio and geographic reach."

"To this end, I'm confident that we will continue the good start we have made so far this year and are set once again to increase revenues significantly."

[hastings] 26/6/2020 07:08

Very positive AGM statement with the strong start having continued in more recent months.That should surely lead to an upgrade from the broker who had retained the earlier guidance.

[shauney2] 24/6/2020 15:54

Thanks Geovest.

[geovest] 24/6/2020 15:41

Cenkos has published a comprehensive 30 page research note that covers the acquisition. If you are interested, go to Cencos.com and sign up for access to their research portal where you will find the note.

[rivaldo] 24/6/2020 15:07

Let's try this for a direct link to the CEO's interview:

[troutisout] 23/6/2020 15:51

"This is a significant step in the firm’s ambition to reach £100m revenue through organic growth and acquisitions, and the aim to become a global leader in neonatal intensive care equipment."

[troutisout] 23/6/2020 12:31

CEO interview, cut and paste as won't let me post website link....

tinyurl.com/y8ppkol5

[firtashia] 19/6/2020 12:58

Thanks Geovest

[lfc4ever] 19/6/2020 12:11

a small discount to the current price- but i suspect that it is the fact of this placing that has been holding back the share price while good news has been pouring out of the last few months.

i suspect that without the placing in the background, the price would have forged ahead, so it is an a more signifcant "real" discount than it looks.

still good news though, imho

[geovest] 19/6/2020 11:44

SLE's Balance Sheet looks good. Net assets of around £10m in 2019, so probably around £11 - 12m now. No intangibles on their Balance Sheet. No debt. All looks very clean.
You can find the detailed accounts on the Companies House website.

[firtashia] 19/6/2020 10:32

SLE's revs and EBITDA are not too dissimilar from IHCs- almost a merger between 2 companies of similar size. IHC is paying £18m for SLE, IHC's market cap currently £27m. If you still believe IHC is decent value at these levels then their purchase is a good one from a value perspective. Would like to see SLE's balance sheet though.

[troutisout] 19/6/2020 10:09

The discount is 1.5%, so dilution very small to existing shareholders, existing shareholders can use the OO to increase their holding by 2% covering all dilution.
There has been ample time for shareholders to increase their holdings at 65p or below in the market these past couple of months.

[oohrogerpalmer] 19/6/2020 09:38

But stingy on 1 for 50, I have 10000 so would only be entitled to buy 200 !!!!
Should have made it a minimum of say 500 and at least make it a bit more worthwhile.
Heyho .

[hastings] 19/6/2020 09:26

Not concerned about the small retail element as I feel holder's will be well rewarded as we move forward.Cenkos very bullish on the deal and prospects.