Updates

Medica Group - Net debt eliminated

May 2019

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.

The shares have spiked up to 147p after Medica, the largest UK provider of outsourced teleradiology services, announced decent results with sales rising 15.6% to £39m and EBITDA increasing 12.8% to £11.9m. Eps rose 12% to 7.75p while strong cash generation reduced net debt from £5m to zero.Medica’s main service involves complex images (such as CT or MRI) sent from a hospital to one of its offsite consultant radiologists for remote interpretation and it can provide this information in just 20 minutes. Given that an early diagnosis of life threatening illnesses such as cancer can make the difference between life and death, demand for its services is strong given NHS backlogs and lack of in-house resources. ...

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Medica (June 2023)

Medica (June 2021)

Medica (December 2020)

Medica Group (September 2020)

Medica Group (May 2020)

Medica Group (September 2019)

Medica Group (April 2019)

Medica - Fast growing provider of teleradiology services looks very cheap (November 2018)

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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