Updates

Caretech - Significant acquisition opportunities

March 2010

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.

CareTech has placed 3.75m new shares at 400p to raise Â£15m before expenses. The company says that it has identified a â€œsubstantial pipeline of acquisition opportunities, which are greater in volume and are becoming available at more competitive prices than at anytime since it floated in 2005.â€ Caretech is also seeking to increase headroom on its debt facilities by at least 50% and overall this should give it acquisition firepower of Â£75m-Â£100m. The new money will be used to do more deals in its areas of specialist residential care, supported living, mental health, step down and children and family services. Acquisitions are now available on around 6 or 7 times operating profits so any move is likely to be very eps enhancing. ...

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Caretech - Returns to acquisition trail (June 2008)

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Caretech - Well ahead of original expectations (January 2008)

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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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