Nestor Healthcare Share Discussion Threads

[snax0] 31/8/2010 15:45

miikke - I'm thinking MM's too - but it can be hard to tell...

[threeparrots] 31/8/2010 10:02

restassured: Re The Naked Trader: It is generally a really good idea to know what you are talking about before you spout garbage.

[miikke] 31/8/2010 09:35

Interesting- is this game-playing by market makers, small investors losing their nerve or some other explanation?
Any thoughts anyone?

[shauney2] 25/8/2010 10:47

No problem selling here ps or buying.

[pstubbs50] 25/8/2010 10:17

Just did a dummy sell on iii and can only do through negotiated trade. Two days ago I was offered a price immediately. Can anyone explain what that means?

I'm not selling by the way, as I believe another offer is on the cards. Just interested to know...

Thanks!

[moreforus] 24/8/2010 12:43

looks like a classic pennant is forming

[cockneyrebel] 24/8/2010 12:30

Robert Quested just bought over 1%.

He's been buying 5% of CMS too recently

CR

[restassured] 23/8/2010 20:09

What about these charlatans that sell trading seminars and books on trading, without telling the applicants the fact that over 95% of traders will lose everything?

[renegade master] 23/8/2010 20:01

.. Funny that Midas didn't update us on their Aero Inventory tip. Midas verdict: Aero shares are now zero. Those who bought on our tip should sell.. oh hang on, you can't. Sorry about that.

[killieboy] 23/8/2010 19:09

Midas says "sell a third" - jump to it then!!!!

[bojangles141] 22/8/2010 17:12

A month on and Nestor is up by 30%

A month ago, Midas Extra, our subscription-only column, recommended Nestor Healthcare.

The company is mainly involved in the supply of care workers for elderly and disabled people at home. It provides services ranging from helping pensioners dress themselves to round-theclock care for those with severe mental or physical disabilities. the group also operates a range of primary healthcare services, including out-ofhours surgeries, walk-in centres and dentists.

The business has been doing well, figures have been resilient during the recession and analysts predict a 30% increase in pre-tax profits this year to £11.2m and an 18% increase in the dividend to 2.6p.

In July, the shares were trading at 67p, at which point they seemed undervalued. Some followers have been concerned about the impact of the Government's forthcoming spending review on Nestor's fortunes, as most of its care worker business comes from local authorities.

But the elderly need looking after, their numbers are growing and taking care of them at home is considerably cheaper than keeping them in hospital. Chief executive John Ivers is confident about nestor's future prospects - and he is not alone.

On August 11, the group revealed it had received a 90p-a-share approach from Acromas Holdings, the private equity group that owns insurer and travel group Saga and the AA. nestor rejected the approach as too low, but Acromas is expected to seek discussions directly with shareholders.

Midas verdict: Nestor shares have risen to 88p since the approach became public so they are 30% up in a month. Institutional investors Gartmore and Schroders each hold 29% and hold the key to Nestor's future. At this stage, Acromas has three options - walk away, raise its bid or make its offer formal and hope for the best. Shareholders who bought last month should sell a third of their shares at current levels, just in case the bid comes to nothing. Potential investors should hold fire and buy if Acromas walks away.

Mail On Sunday - 22nd August 2010

[cockneyrebel] 19/8/2010 12:02

Testing the previous high today - perhaps some more bid news in the weekend press - if the bidder isn't back with a better price before :-)

CR

[cockneyrebel] 18/8/2010 12:38

Hasn't drifted back much from the initial bid price so feels like those holding are confident of a further bid soon imo - as I am :-)

CR

[nellie1973] 18/8/2010 12:29

Mmm whats up here then,100p offer coming soon??

[moreforus] 18/8/2010 11:42

not easy to buy

[cockneyrebel] 18/8/2010 11:38

Creeping back up to the highs today - Mister Bidder back with a proper offer?

CR

[cockneyrebel] 17/8/2010 12:24

a few traders selling out and a few profit takers but my bet is the bidder comes back with a proper bid soon.

Bet the first you get to know of it is a 7am RNS so I'll be staying long. 120p would be a 50% premium to todays price nearly and the board might have more trouble turning that down - tho 140p looks more like fair value imo.

CR

[moreforus] 17/8/2010 09:47

pstubbs - stocks move in waves - if you are clever you can sell at the top and rebuy...there are not many that clever!

[pstubbs50] 17/8/2010 09:40

Definitely. I hate it when people start going on about topping up when a price is falling slightly, but in this case I think I just might do that! It's a very strong business with great numbers/mgmt, so would be worth it without any takeovers.

With the possibility of another bid coming in they look even better.

[moreforus] 17/8/2010 09:07

there will be support and buyers at some point .the market was told these were worth at least 90p....

[pstubbs50] 17/8/2010 09:01

Starting to drift a bit now, but I'm holding in there. Too risky to sell now imho!

[shauney2] 16/8/2010 12:13

Pinched this from the TSW thread.
Written before the recent bid.

[the heed] 16/8/2010 11:57

I topped sliced some today.. but i could not sell as much as i wanted to...

Seems that it could drift a little while we wait for another bid.. i will buy back if we see 80p.. quite happy either way..

Money put into Churchill this morning.. their website issued a " pretend RNS " which was swiftly removed!! could be a nice short term rally .. DYOR