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Caretech - Gain since January tip: 41%

May 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:
  • 142p
Caretech’s shares went to a 13-month high after reporting that H1 was in line. Capacity increased 60 places to 2,116. That 2.8% increase might appear no great shakes but as we said in January, last year had also seen some learning disability homes closed for reconfiguration purposes and these will also now be on stream. The children’s/fostering/mental health areas continue to do well. More reassuringly, Caretech said occupancy levels are being maintained at approximately 92% in mature homes and 87% including facilities being developed. Although early in the year it also said it expects fee rate negotiations are likely to emerge as being flat year-on-year, the best that could be hoped for in current conditions. Net debt stands ...

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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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