Updates

Caretech

December 2010

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.

In its pre-close update for the year to 30 September Caretech noted that trading is in line with expectations with occupancy across the established homes broadly similar to H1 at 92-93%. Caretech also announced the acquisition of a further three care home businesses for a combined consideration of Â£16.1m. Following the latest deal net debt stands at Â£115m. The acquisition, which brought in 138 beds, was valued at an enterprise value to EBITDA of 6.8 times. Taking this deal, its previous acquisition in June, as well as organic growth Caretech has added 379 beds during the year, taking the total to 1,809, a whopping 26% increase over the closing 2009 figure.Latest forecasts from Brewin Dolphin are for pretax profit of Â£21. ...

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Caretech - Exciting recovery share on forward PE of just 4.9 (June 2012)

Caretech (August 2010)

Caretech - Improved borrowing facility to herald more acquisitions (May 2010)

Caretech - Acquisitions responsible for dramatic eps growth (January 2010)

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