Updates

Southern Cross - Underlying occupancy over 92%

November 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.

In a pre-close update for the year to 30 September, care home firmSouthern Cross noted that results will be at least in line withexpectations, with strong continuing growth anticipated. Underlyingoccupancy has risen from 91.6% to 92.3%, while adding in the new bedsacquired this rate falls to 91.0%. Alongside this, the company has soldand leased back 15 freehold care homes, acquired with the Averypurchase, for Â£95.5m. Southern Cross also announced that chiefexecutive Philip Scott is stepping down to pursue personal interestsand will be replaced by non-executive chairman Bill Colvin, the formerCEO of care home firm NHP. Earlier, the company announced a new agreement to operate and manage1,990 beds owned by Bondcare. This is t ...

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Town Centre

MWB Business Exchange - High depreciation crimps profits

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 - 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.

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