Updates

Southern Cross

April 2008

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

After being spooked by the departure of the finance director shares in Southern Cross have partially recovered following a reassuring first quarter trading statement, which noted that revenue rose nearly 30% to Â£262.6m, while EBITDA rose 61% to Â£18.2m in the three months ended 31 December. This performance was in line with managementâ€™s expectations, while demand for UK care home services remains strong. Underlying occupancy rates reduced slightly from 91.4% to 90.7% but remain at superlative levels. During the period the portfolio of care home beds was increased by just over 2,000 to 36,329, thanks largely to the acquisition of Bondcare, while the group expects to add a further 700 new-build beds this year.Most recently ...

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Connaught - Â£455m in new contract wins

TMI Trader Portfolio - April '08

Southern Cross - Fee rises support margins (October 2009)

Southern Cross - Portfolio constituent hits six-month high (June 2009)

Southern Cross - With debt concerns almost eliminated the shares look cheap on PE of 4.3 (April 2009)

Southern Cross - Dramatic recovery in finances means care homes operator looks over-sold (March 2009)

Southern Cross (October 2008)

Southern Cross - Shock profit warning (August 2008)

Southern Cross - 5.8% increase in fees (July 2008)

Southern Cross - Underlying occupancy over 92% (November 2007)

Southern Cross - Divests freehold for Â£30m (October 2007)

Southern Cross (July 2007)

Southern Cross (June 2007)

Southern Cross (May 2007)

Southern Cross - Blackstone exit triggers re-rating (April 2007)

Southern Cross (February 2007)

Southern Cross - Largest provider of care homes exhibits strong demand profile (November 2006)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

Southern Cross

April 2008

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