Medica Share Discussion Threads

[lomax99] 05/10/2017 08:32

Yes, meaty volume yesterday, looking forward to any related RNS's.

[blueflex2] 04/10/2017 16:19

Fingers x. It will continue going north after breaking thru 200p

[dibbs] 04/10/2017 11:04

Some big trades gone through and the share price has edged upwards. Perhaps an overhang of stock cleared....Dibbs

[rafieh] 04/10/2017 11:03

Large trades this morning. Is the seller done?

[blueflex2] 04/10/2017 11:00

Rafieh, you might be right.

[rafieh] 03/10/2017 12:26

Buyers are returning. I can see 210 p being tested in a week or 2.

[soundbuy] 19/9/2017 08:34

No worries......

[thebigshortfella] 19/9/2017 08:11

SoundBuy - I will get my jacket...

Of course your right...Thanks...

[soundbuy] 19/9/2017 07:53

Spike????

What???

0.55 pence doesn't even cover the spread on a good day......

[thebigshortfella] 18/9/2017 23:35

Cowlid - I completely agree with you.

Glasshalfull - Ah! OK - that makes complete sense. Thanks for explaining that.

I re-read the the results tonight and I was wondering if the concern related to this statement: "the majority of the growth has come from increased collaboration with existing clients as NHS Trusts consider Medica a key part of their capacity structure".

It's a not so crafty way of making a positive out of a negative. Any company would prefer growth to come from new clients than existing ones.

However, they very clearly signposted that the second half of the year is likely to be stronger:

- "on track to meet market expectations as we enter the traditionally stronger second half to the year"

- "Recruitment is expected to accelerate in the second half of the year" and "The Board expect the total to be more than 300 by the end of the year"

- "A number of new service lines are in development stages"

- "EBITDA cash conversion ratio...This number is historically lower in the first half of the year than the second half due to working capital movement"

- "as a result of the PACS renewal and will be much lower in the second half of the year"

Please excuse my ignorance but is it logical to assume that MGP is likely to spike prior to or on the 29th September 2017 in relation to be on the register for the 0.55 pence dividend payment?

[glasshalfull] 18/9/2017 23:19

The share price was down today because MGP failed to deliver sales in line with Investec's forecasts. Investec believe however that full year forecasts can be achieved.

"H1 sales were weaker than we expected due to capacity constraints and the timing of contract renewals. Revenues rose 17%, with 6.5% growth in body parts reported.

However x-ray sales fell 8% as resources were directed towards the higher value services. The company recruited a net 19 radiologists in the period, with a further 24 added post period-end, consequently we are confident FY estimates can be achieved."

---

Hope this assists.

I don't hold.

Kind regards
GHF

[cowlid] 18/9/2017 21:10

Any thought that the NHS would be able to invest in AI is pie in the sky. The NHS is the UKs biggest buyer of fax machines - yes, you read that correctly, FAX machines! The NHS also spends hundreds of thousands of pounds every year on...... PAGERS!! Most Trusts have some form of electronic patient record, and most of those are simply scanning paper reports, not genuine EPR...This company is focussing on a shortage specialty and offering extra income to recently retired or part-time radiologists, or those with little or no genuine private practice. I would guess they are paid "per case" rather than a contracted amount (I work in a similar specialty with a similar "backlog" reporting company), so apart from some small administrative costs, taking on additional radiologists has little "cost". Demand for CT/MRI scans is going up 10-15% each year, so all but the largest hospitals have growing backlogs of work. I think this company has a long way to run.....

[thebigshortfella] 18/9/2017 15:52

PUGUGLY - you could be right about the P/E.

In terms of being disrupted by AI, this is at least 5+ years away regardless of the benefits and comes with a whole bunch of other concerns that will need to be ironed out.

[pugugly] 18/9/2017 14:42

P/E still far too high (imo) & blueliner has very validly pointed out this is an area ripe for major disruption by AI which can work 24 hours a day, 7x7 without extra pay or time off for over strained eyes, coffee breaks or over time.

[rafieh] 18/9/2017 12:22

My prediction is a close nearer to 210 mark, rather than 200.

[blueliner] 18/9/2017 11:04

Is anyone factoring in the emergence of AI here, watched the recent tv series about Silicon valley that covered a piece on Deep Learning technology.
Am a holder here and guess that MGP aren't idiots and will have a point of view on the way it will progress.

[lomax99] 18/9/2017 10:01

I suspect the reaction is overdone, added.

[malcolmmm] 18/9/2017 09:46

Perhaps when the market digests the good results and potential the share price will recover later today, seen it happen on numerous occasions.

[chizgreen68] 18/9/2017 09:16

I agree Soundbuy, I think the fact they have secured such growth in the contracted radiologists means they are in a position to grow market share significantly without having to buy out competitors - they are already the largest provider in their (growing) market by some margin, if I remember correctly

[soundbuy] 18/9/2017 08:58

Mkt expecting better??

Solid set of results and the contracted radiologists now totalling 291 bodes well for the business going fwd. Contracting radiologists was one of the risk/limiting factors here but such concerns seem unwarranted.

[scooper72] 18/9/2017 08:56

P1inkfish, not good on charts, what's a rounding top please?

[chizgreen68] 18/9/2017 08:56

Eventually the value will drive the price, so it was good to be able to top up this morning. I have to admit that I wasn't expecting such a drop though!

[rafieh] 18/9/2017 08:48

Looking good to me. Just bought in.