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CareTech - Foster care division takes off

August 2012

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.

  • Epic Code:
  • CTH
  • Price:
  • 161.5p
Shares in Caretech, the leading specialist provider of social care for children and adults with complex needs, are recovering strongly. From a low of 90p at the start of January around the time when we made them one of our new year recommendations, they have been creeping steadily higher to touch 165p last month as investors come round to sharing our view that the group's fortunes are past their nadir. At the time of its IPO in October 2005, Caretech's mainstay was building homes and providing residential care for adults with learning disabilities and it operated 61 homes comprising 435 beds. Since then, it has expanded organically and acquisitively to 1,417 beds but it has also expanded beyond residential care into three associat ...

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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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