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Caretech - Margins go through the roof: 24.3% H109 vs 22.9% H108 vs 18.8% H107

September 2009

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:
  • 361p
Caretech is one of the UK's largest independent providers of residential care for dependent adults who have a physical or mental disability. During the month we went out to the Potter's Bar HQ, which gave us an opportunity to visit three of the local homes and also to meet with some of the working directors who understand the business inside and out and some of the 'stars' who reside in Caretech's homes.We think Caretech is going to be a spectacular winner on a two year view. The key 'props' supporting the business are the high quality contracted revenue stream (with most adults likely to spend in excess of 20 or 30 years in a home) and excellent profit margins as the average fee rate is typically £1,250 but can be as high as £4 ...

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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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