CareTech Holdings Live Discussion

oldjoe1 05 Jan 2017

CTH, Breaks Out Again......... CTH caretech holdings, breaks out again on HUGE VOLUME. Dont know whats going on here but its earned me a few bob.[link]

oldjoe1 08 Dec 2016

Re: CARETECH profits double.............. <b><u>CareTech : To Make Major Investments After Profit More Than Doubles</b></u> 12/08/2016 | 080am GMTLONDON (Alliance News) - Social care service provider CareTech Holdings PLC on Thursday said it has increased its dividend by more than 10% after more than doubling its profit in the last financial year following a spike in revenue.CareTech said revenue in the year to the end of March soared to GBP149.0 million from GBP124.3 million in the previous year, leading to a lift in gross profit to GBP54.3 million from GBP47.7 million.Combined with a reduction in administrative costs, that resulted in a rise in operating profit to GBP30.5 million from GBP17.8 million.Pretax profit for the full year amounted to GBP22.5 million, 2.4 times higher than the GBP9.4 million reported last year. On an underlying basis that excludes one-off items, pretax profit in the year rose to GBP26.1 million from GBP22.0 million.The dividend for the year has been increased by just over 10% to 9.25 pence from the 8.40 pence payout a year ago. The final dividend was raised by 12% from the prior year."With the money raised from shareholders last year, from the [GBP30.0 million] ground rent transaction this year and our own free cash flow generated from the business, we have major investment plans for 2017 and beyond with key new organic developments and bolt-on acquisitions," said Executive Chairman Farouq Sheikh."Importantly, we have also, and continue to, further strengthen our management team, offering a forceful blend of experience, commercial wisdom and dedication to care. I have no doubt that the next few years will see continuing growth and care excellence which will help deliver our target of double digit growth in underlying earnings per share," he added.Copyright 2016 Alliance News Limited. All Rights Reserved. , source Alliance News

oldjoe1 08 Dec 2016

CARETECH profits double.............. CTH Caretech........... Profits Double. Trades on a forward P/E of just 12.9.[link] Summary</u></b>Logo CareTech Holdings plcProvides individual support and mental health services to physical disabled adults and childrenCareTech Holdings Plc provides individual support and mental health services to physical disabled adults and children.It operates through the Adult services and Children Services.The Adult Services segment consists of the adult learning disabilities and mental health divisions.The Children Services segment covers young people residential services, foster care, as well as learning services.The company was founded by Farouq Sheikh and Haroon Sheikh in 1993 and is headquartered in Potters Bar, the United Kingdom.Number of employees : 3 436 persons.<b><u>Valuation 2016e 2017e</u></b>P/E ratio (Price / EPS) 11,2x 12,9xCapitalization / Revenue 1,27x 1,18xEV / Revenue 1,62x 1,48xEV / EBITDA 6,40x 5,86xYield (DPS / Price) 3,02% 3,18%Price to book (Price / BVPS) 1,24x 1,17x

Simbrad 22 Jun 2016

carclo, not caretech. bloody dtm search :@

Simbrad 22 Jun 2016

"The FY16 results showed that the core businesses of Technical Plastics and LED Technologies are continuing to grow revenues and expand margins. Management talks with enthusiasm about driving Technical Plastics into exciting new production technologies, and in LED Technologies the win of a medium volume sports car programme could lead to a significant increase in revenues and profits in the medium term. However, in our view, the relative earnings multiples still do not fully reflect the quality and potential of these business..." Edison note out, taken frm researchtree

claude reins 16 Jun 2016

Re: Very good interims Thanks for the 'support'!

claude reins 16 Jun 2016

Very good interims Given the referendum campaign focus, these results are likely to go unnoticed. However, as they say 'CareTech Holdings PLC (AIM: CTH), a pioneering provider of specialist social care services in the UK, is pleased to announce its interim results for the six months ended 31 March 2016. '. They should be pleased. They are a superb company in a vital part of our social care structure. Their training and overall performance is outstanding,. They continue to be financially well managed and they will no doubt continue to expand, picking up smaller organizations and applying their highly professional and successful model to these.2 more acquisitions this time, nearly 9% increase in beds. Ground rent deal in the period gives more money for further expansion. Just good management, as I say.I have been a fan of them for years. A pity probably that there are some bad eggs in this market sector which grab the limelight for the wrong reasons. Also, there is perhaps a bit of a feeling that it is wrong to make profit out of social care. My answer is that we live in a capitalist society, and many of us believe that making a reasonable profit makes for sound and professional service provision which benefits our society in the long run. Pity that more don't support companies like these who are making a real positive impact on our society.

Simbr 09 Jun 2016

interim results next week New note out from Panmure, taken from Research Tree: "CareTech is expected to report interim results to March on 16 June. The positive H1 update in April indicated continuing demand for services, high occupancy and favourable trends on fees, giving us confidence in CareTech reporting a strong trading outlook at the results. A positive market environment, continuing high yield and falling gearing gives an attractive investment opportunity."

Simbrad 09 Jun 2016

New note out from Panmure, taken from Research Tree: "CareTech is expected to report interim results to March on 16 June. The positive H1 update in April indicated continuing demand for services, high occupancy and favourable trends on fees, giving us confidence in CareTech reporting a strong trading outlook at the results. A positive market environment, continuing high yield and falling gearing gives an attractive investment opportunity."

claude reins 22 Apr 2016

This really is a first class company It is amazing that this company doesn't have a much better rating. Yes, it is not a favoured area where there have been many failures. Southern Cross comes to mind. Yes, it may seem unseemly to make a profit out of the disadvantages of others, but someone has to provide these services and this company is first rate - its management are without equal (even Mears pales into insignificance), and by the way lots of investors have no qualms about their4 holdings in the big killers - tobacco and booze companies that arew the the mainstay of lots of the most successful trusts. Hands up all those who invest in them?This company makes al the right moves, eg ensuring all their staff achieve nationally recognised training achievements in an area where there have been so many horrific stories because their pay and therefore standards are low. Yes, they are always open to cost and revenue pressures - the living wage on costs, government and LA spending pressures on revenues....but this company sails through and makes the necessary acquisitions. I have been in them before and got out, which was silly because the reason was principally boredom and sadness that my confidence was not echoed in the SP. I am now back in on this morning's report which confirms to me that they are just that - the best of the best in the field, and delivering great results on the back of great services and a superb strategic programme, looking back and going forward; just look at the two acquisitions this year and the ground rent deal to pay for them, and the massive value of their freeholds.Should be a very strong buy.

mcescher 30 Mar 2016

Interesting look at intrinsic value of CareTech Holdings I really like the presentation in this report. The future growth seems really exciting to me [link]

mcescher 28 Mar 2016

Interesting look at intrinsic value of CareTech Holdings I really like the presentation in this report. The future growth seems really exciting to me [link]

handoverfist 13 Jul 2015

Re: looking for the maggot in the apple Digging a little deeperThe drop in March seems to be linked to share offer which was oversubscribed so the price recovered very quickly. . . .maybe there is no maggot in this apple?

handoverfist 13 Jul 2015

looking for the maggot in the apple This share has a yield of 3.46% which has been increased over the last few years. The dividend is covered nearly 4 times so looks safe. The PE is an undemanding 7.46. Profits have risen for the last few years.So why is the price down over the last week, the last month, the last three months and the last year?I see they are investing in acquisitions for further growth so hopefully profits will continue to rise.I can see two sharp drop in prices which exceed the dividend but seem to coincide with the dividend dates. On both occasions the price recovered just as quickly.This share looks to me like a good investment but the share price seems to show the market does not see this. What is the market seeing that I am not?

MRBIG 24 Feb 2015

market sensing bad news here