Shares in specialist provider of social care and educational services CareTech (CTH:AIM) gained 2% to 581p after the company reported better than expected results for the year to September. Revenues increased 13.8% to £489.1 million, slightly ahead of the consensus, while pre-tax profits were 14.6% higher at £68.3 million, translating into underlying earnings per share up 13.3% to ...

CareTech (CTH:AIM) 623.5p Gain to date: 0.7% Original entry point: Buy at 619p, 21 July 2021 Social care and education services provider, CareTech (CTH:AIM) reported a resilient trading update for the year to 30 September, in line with market expectations. Consensus expectations are looking for double-digit increase in revenues and EBITDA (earnings before ...

Interestingly, the biggest insider deals of the past fortnight have all been sales rather than purchases, which may or may not be telling us something about the mood in the market. The chairman and chief executive of Potters Bar-based social care housing specialist Caretech (CTH:AIM) each sold 750,000 shares at 620p at the start of August, netting £9.3 million between them. The sale, which ...

Having successfully integrated the strategic £374 million acquisition of Cambian in 2018 and reduced leverage below three times, leading care services provider CareTech (CTH:AIM) is well positioned to continue growing its share of a fragmented market. Importantly, its significant freehold property portfolio is due to be revalued at the end of August which may provide a positive share price ...

Shares in specialist social care company CareTech Holdings (CTH:AIM) gained 1.9% to 621.2p after reporting a strong first half with a surge in revenue and profit. First half revenues to 31 March 2021 grew 16.5% to £243 million, driven by organic means and the acquisition of a majority holding in Smartbox Assistive Technology Limited last October. Underlying pre-tax profit increased 31.6% to ...

In investing, the more positive factors you have working in your favour, the better the likely results. For this reason with every potential investment it is worth totting up winning factors in a checklist. In this article we reveal three fundamental indicators which have proven their worth over the years and could provide a low risk way of tipping the investment odds in your favour. The ...

The FTSE 100 dropped 58 points or 1% to 5,832 points at lunchtime on Wednesday as markets awaited signs of progress on talks over further US stimulus. Sentiment also took a hit as Netflix disappointed the market after the market close and the shares traded down 7% in after-hours dealing. Even companies which have beaten forecasts, such as Johnson & Johnson and Lockheed Martin, have failed ...

The FTSE 100 opened 1% lower Wednesday to 5,838 points following comments on Tuesday by deputy chief medical officer Jonathan Van-Tam that tighter restrictions were needed to stop the spread of coronavirus. Sentiment also took a hit in the US with Netflix disappointing the market after the market close, reporting fewer new subscribers than analysts’ expected with the shares off 7% in ...

Caretech (CTH:AIM) 435p Gain to date: 11%  Original entry point: Buy at 391p on 31 October 2019 The shares have done reasonably well against the backdrop of the recent market turmoil, despite having given back around 13% over the last two weeks. This makes intuitive sense as the company is relatively insulated from the problem areas affected by coronavirus. Moreover the ...

The UK’s largest provider of social care and education services for adults and children, Caretech (CTH:AIM) delivered better than expected revenue and profits for the full year ended 30 September, lifting the shares 3.2% to 398.5p. Following the Cambian acquisition last year, which doubled the size of the business, the focus has been on integrating operations and delivering the targeted ...

We think the benefits of CareTech’s (CTH:AIM) acquisition of its rival Cambian are not fully appreciated by the market and investors should get in now as they become more apparent. Caretech is a national provider of care services for children and adults with complex needs, operating in the circa £15bn a year UK social care sector. In October 2018 it purchased Cambian for £278m in a ...

London’s FTSE 100 rebounds 21.3 points to 7,115 on Friday, blue-chips having suffered their worst day in six weeks yesterday, with the upwards move spearheaded by banks and miners. However, Scotland-based energy generator and supplier SSE (SSE) slips 1.75% lower to £11.53 after downgrading its full year earnings forecast following a delay in receiving government support. In a third quarter ...

Corporate activity in the healthcare sector is heating up. GlaxoSmithKline (GSK) and US rival Pfizer plan to marry their consumer health businesses in a £10bn joint venture. Bristol-Myers Squibb has made a $74bn takeover offer for Celgene and Eli Lily is to pay $8bn for Loxo Oncology. Analysts are confident the mergers and acquisitions (M&A) trend still has legs in the sector and many ...

It is business as usual at UK social care services provider CareTech (CTH:AIM) with sales and profitability rising despite the potential distraction from the acquisition of Cambian. Sales at CareTech climbed 11.9% to £185.7m and underlying pre-tax profit jumped 11.9% to £32.9m in the year to 30 September, supported by strong demand. In the company’s biggest division, Adult Learning ...

Residential care home specialist CareTech (CTH:AIM) is in takeover talks with children’s services provider Cambian (CMBN) for a potential £600m merger, prompting a 32.8% rally in the latter to 196.7p. CareTech has offered 220p per share or a full cash alternative of 200p in a deal valuing Cambian between £290m and £319m. According to media reports, Cambian rejected a previous offer ...

UK computer services and software reseller Softcat (SCT) is among the biggest risers across the FTSE All Share index in early trade on Tuesday after telling investors it will beat current forecasts. The FTSE 250 firm said its full year adjusted operating profit would be well ahead of its prior expectations, helped by favourable market conditions. Shares in the near-£1.5bn business are running ...

Monday 19 June Social care services provider CareTech (CTH:AIM) has had a strong share price run this year, having bounced back from weakness in March as the company underwent fee discussions with local authorities. On 19 June, the company will report half-year results that should reveal if its plan to hike fees to cover higher living wage costs can be implemented and if its acquisitions are ...

The FTSE 100 nudges ahead 6.82 points at 6,909.68, despite being held back by several stocks going ex-dividend. Yesterday's gains on the index in response to a potential Italian bank bail-out plan were followed by a strong showing in the US and Asia overnight. Troubled sports retailer Sports Direct (SPD) falls 8.5% to 288.3p on a 25% fall in first half pre-tax profit to £140m, largely as a ...

Nobel Prize winning economist Robert Shiller reckons the best way of assessing value in forward looking markets is to look to the past. In 1988 he popularised the cyclically-adjusted price to earnings (CAPE) ratio, also known as the Shiller PE, to help investors decide if a stock, sector or market is trading at a premium or discount to its historical value. Whereas a price to earnings (PE) ratio ...

The UK’s economic outlook looks pretty uncertain and investors looking for a defensive, secure revenue generator with a decent yield should consider social care provider Caretech (CTH:AIM). The group provides the full spectrum of social care outside of supporting the elderly to help ease pressure on local authorities. A fall in revenue appears unlikely as management bill the Government ...