Updates

Southern Cross

May 2007

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.

News that care homes operator Southern Cross is trading ahead of expectations in the half year to 1 April, sent the shares to a new high of 500p. Its strong trading has come about thanks to a greater than expected 3,503 increase in bed numbers to 32,420 beds spread across 640 homes as well as effective control of costs. Occupancy has remained strong at 91% despite the anticipated seasonal fall during the winter period, while management are also confident of achieving fee increases at the next review in April. In reaction to the update, broker UBS has increased its earnings forecasts by 6% to 18.4p for this year and by nearly 12% to 23.4p for next and has raised its price target from 450p to 540p ...

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Town Centre - 20p-a-share special dividend

International Nuclear Solutions

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 (April 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 - 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.

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