Integrated Diagnostics Share Discussion Threads

[tightfist] 07/10/2021 13:39

Many thanks for those pointers, the more I looked and considered the backdrop, the more I liked.I'll take a look at Jack Brumby's piece and the auditor's note. Cheers, tightfist

[rabiddog] 06/10/2021 20:35

If you have stockopedia, Jack brumby did an excellent write up at the beginning of August…kicked off with this quote If you focus on the financial data alone, few listed companies can compete with the kind of consistent double digit growth rates and profit margins notched up by Integrated Diagnostics Holdings (LON:IDHC) - yet this company trades on just 13.8x forecast earnings and is expected to pay out a generous 5.7% dividend. The gotchas are mainly to do with geography/ jurisdictions and also note that the auditors left this year(Kpmg) sounds like they had a fallout with management. Pwc have stepped in so watching brief for now.

[tightfist] 06/10/2021 18:14

Since early September the analysts forecasts (according to Stockopedia) have been shooting-up, although there is now a dip in forecast revenue and eps within 2022E. The yield is attractive too at 7%.Time to get my head around investing once again in Egypt..... Any thoughts there, RabidDog?

[valhamos] 02/9/2021 12:06

Good H1 results today. Although there has been an uplift in the share price it is difficult to work out what the bottom line would be without the impact of Covid which creates some uncertainty as to how one values the company. However it is stated that non Covid test revenue has grown 38% on H1 2020 but the prior period had been affected by reduced testing so comparing with H1 2019 shows underlying non Covid growth of 17%.

[valhamos] 08/7/2021 20:10

Egypt aims to treat 1 million with Hepatitis C in Sudan. An Egyptian delegation recently completed preparations for five centres in Sudan to work on the initiative, and to train local doctors on diagnostic and treatment protocols. See dailynewsegypt.com (I tried to post a link but ADVFN does not want to play) IDH can only benefit from such state sponsored campaigns to increase preventative healthcare and diagnostic testing.

[rabiddog] 07/7/2021 17:31

Yep I dipped in this on Monday. Been watching for a bit and only the geography gave me concerns. Given my portfolio decided that geographic diversity might be a strength lol

[valhamos] 07/7/2021 16:32

Took an initial position about 10 days ago and added today. Looks an interesting long term growth story and the company's background/history and CEO seem to be impressive. The expansion plans allied with good returns on capital make this an attractive proposition imo.

[johnthespacer] 16/6/2021 18:17

I am a holder this one requires patience... A lot of people are put off by the fact that it is based in Egypt

[robsy2] 16/6/2021 07:01

Morning All. What happened here? the board just died out? This has flagged up on a Greenblaat magic formula screen as being of interest, so I cam here to see what eople were saying!

[trytotakeiteasy] 23/12/2019 11:47

Not sure that can be the reason because surely the only exchange rate that matters is Egyptian pound to sterling. Sure they report in US dollars but that is by the by. They earn money in Egyptian pounds and their investors are mainly in the UK.

[johnthespacer] 22/12/2019 07:15

The gbp/usd exchange rate is basically all that has happened the sterling has strengthened and because these are in usd the price drops... so when the usd earnings are changed to sterling the stronger pound means they get less £ per $ Hope this helps

[trytotakeiteasy] 21/12/2019 15:27

Pretty significant weakening here. Not sure what is going on. Looks cheap on face value.

[johnthespacer] 21/3/2019 07:59

Final results out today look great! Am I the only one interested in this share??

[trytotakeiteasy] 30/11/2018 14:08

written up here: cube.investments/integrated-diagnostic-holdings-idhc-an-impressive-egyptian-company-listed-in-london/

[danieldanj] 19/8/2018 20:55

Integrated Diagnostics (IDHC) Earnings-Reaction to Keep an Eye http://crweworld.com/Earnings-Calendar

[ncooper1] 11/10/2016 08:12

rambutan2, thank you for your post. I will read your links. however, I was not suggesting Egypt is in a 'right mess'. I am not qualified to make such an assessment: sadly, I have not even visited Egypt yet although I do plan to. My point re currency devaluation was more factual. It has depreciated relative to US$. Do you have any views on IDHC? Do you agree my thesis above, that IDHC is fundamentally good and that its share price is being unduly impacted by Egypt and currency movements?

[rambutan2] 11/10/2016 02:47

ncooper1, IDH shares are priced in US$, so currency moves negative v Egypt revenue. The country is not in a right mess: http://www.forbes.com/sites/dominicdudley/2016/09/09/egypt-currency-devaluation/#66ff3ca95977 https://www.bloomberg.com/view/articles/2016-08-16/egypt-s-failing-economy-is-sisi-s-fault hTTp://www.al-monitor.com/pulse/originals/2016/08/egypt-economy-close-currency-exchange-companies.html

[ncooper1] 10/10/2016 17:54

I'd welcome views as to why IDHC share price continues to fall. Fundamentals seem good, and the only obvious areas is Egypt being unsettled (but this is not new news). Currencies need to be considered too: essentially Egyptian Pound depreciating vs US$ and also £ depreciating relative to US$. My understanding is that the former should not impact IDHC input costs to the extent of share price fall-and the latter should mean the share price should increase, I think!? I've personally continued to add, but views sought.

[rambutan2] 06/9/2016 18:05

Of course, we are talking Egypt here: Commenting on the half-year performance and the company's outlook, IDH Chairman Lord St John of Bletso said: "I am pleased to report that your Company has continued to perform up to market expectations despite challenges regarding the availability of foreign exchange in Egypt that, compounded by rising inflation, have had a knock-on impact on consumer spending. Egypt has recently arrived at a staff-level agreement for a three-year, USD 12 billion extended fund facility with the International Monetary Fund. Provided this is approved by the IMF's executive board, we anticipate that the implementation of the reform package it requires will bring some stability to the Egyptian Pound. We continue to invest in expanding our business in Egypt and are also exploring opportunities to expand the business into other high-growth markets." IDH Chief Executive Officer Dr. Hend El-Sherbini added: "Despite challenges in Egypt, our largest market, we have been successful in growing the business and maintaining our margins. In the second half of the year, we will continue to target revenue growth of 15% while maintaining EBITDA margins in our historical range of 43-45%. We have negotiated moderate price increases with key suppliers that will take effect in 2H2016 and invested after Ramadan in a targeted marketing campaign to drive recurring test revenue. We also continue to invest in expanding our branch network to reach new patients as we explore growth opportunities outside Egypt." http://uk.advfn.com/stock-market/london/int-diag-hld-IDHC/share-news/Integrated-Diagnostics-Holdings-PLC-Half-year-Repo/72267096

[rambutan2] 06/9/2016 18:02

"Oversubscribed" IPO was at $4.45, but currently available at $3.55. Noticed that Terry Smith's FEET had taken a small holding at some point. Made me intrigued enough to give it a thread. Update: FEET March fact sheet says had been a buyer that month. hTTps://www.feetplc.co.uk/docs/default-source/equity-fund-facts-archive/mar-2016.pdf?sfvrsn=5

[rambutan2] 06/9/2016 17:52

hTTp://www.idhcorp.com/ May 2015 The initial public offering (IPO) of Egypt’s largest medical diagnostics company on the London Stock Exchange was 11.2 times oversubscribed suggesting heavy foreign appetite for an Egyptian firm operating across the Middle East. EFG Hermes was the joint global coordinator and joint book-runner on the IPO which offered 43.5% of IDH shares in the first ever IPO for a medical firm operating in Egypt in London Stock Exchange since 2008. Commenting on the listing Dr. Hend El Sherbini, Chief Executive Officer at IDH, said: “Today represents a key milestone in the IDH growth story. Our initial public offering will allow us to further accelerate our market penetration. Increase our profile and brand recognition, expand our service offerings in our target markets. We warmly welcome our new investors to share in the next, exciting stage of our growth and development.”