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healthcare sector - a much quality company than most! (SCHE)
cynic
- 22 Jan 2007 14:27
red = 25dma
green = 50 dma
black = 200 dma
The Telegraph says the banks like Southern Cross Healthcare, and so it seems to have an almost endless supply of new capital. It recently secured �300m to fund acquisition plans. It also develops its own sites and hopes to add 1,000 beds this year. A good operator with a proven model, Southern Cross is well worth buying.
annual reports etc available from www.schealthcare.co.uk
have just bought for myself at 355
cynic
- 22 Jan 2007 14:44
- 2 of 183
overexcited again! ..... should of course read "a much better quality company than most"
cynic
- 20 Feb 2007 10:37
- 3 of 183
another reminder for you guys, that quality companies are not necessarily dull to follow (ditto DOM, PFC et al) ...... chart speaks for itself, though there are no announcements of great significance ...... great upward momentum, though rsi looking a bit o'bought ..... will check when next results due and post accordingly
cynic
- 20 Feb 2007 10:50
- 4 of 183
next figures not due until mid May .....
only thing of interest i noted yesterday(? - Telegraph?) was that Qatar investment had (i think!) bought another quality healthcare company last year ...... sorry to be so hopelessly imprecise; will try to remember to check yesterday's paper when i get home.
anyway, and it is pure rationalisation, i guess it is possible that SCHE is on some predator's radar
only thing of interest i noted yesterday(? - Telegraph?) was that Qatar investment had (i think!) bought another quality healthcare company last year ...... sorry to be so hopelessly imprecise; will try to remember to check yesterday's paper when i get home.
anyway, and it is pure rationalisation, i guess it is possible that SCHE is on some predator's radar
cynic
- 20 Feb 2007 21:15
- 5 of 183
not as dopy as first appeared ..... Telegraph today re Qatar buying into Sainsbury mentioned en passant that Qatari govnt fund Delta Three "hit the headlines last year when it bought UK nursing-home operator Four Seasons Healthcare for 1.4 billion" ..... would be nice if they also thought SCHE made a complementary fit
smiler o
- 20 Feb 2007 21:26
- 6 of 183
well its doing better than Gold !! looks good, I did sell my GTL @180 so I do have some funds to spend !! How long have you been in if you dont mind me asking Cynic
cynic
- 21 Feb 2007 08:15
- 7 of 183
22nd Jan ...... by Gold do you mean bullion? ...... if so, am keeping my eye on this ..... frightening day yesterday if you were long .... dumped about $12.00 in 10 minutes ..... from memory, price could easily drop to $645 .... or was it $625? ..... anyway, a fair bit down from here.
for gold exposure, i find POG a good share to trade .... very good company etc etc etc (read about it if you want) ..... sp is very volatile .... take a look a the thread .... i think i put a chart on there
for gold exposure, i find POG a good share to trade .... very good company etc etc etc (read about it if you want) ..... sp is very volatile .... take a look a the thread .... i think i put a chart on there
smiler o
- 21 Feb 2007 09:02
- 8 of 183
Thanks just been having a look
cynic
- 02 Mar 2007 09:15
- 9 of 183
very cross with hindsight as took my profits here yesterday, but as you can see, even in these awful markets, this share is performing very strongly indeed.
in fact, have just checked the trades and it is a sea of blue with only 13k sales against 172k buys
in fact, have just checked the trades and it is a sea of blue with only 13k sales against 172k buys
cynic
- 02 Apr 2007 09:31
- 10 of 183
told you so! .... see latest RNS
soul traders
- 02 Apr 2007 10:45
- 11 of 183
well done, mate! looks like you're up a per share :o)
cynic
- 02 Apr 2007 10:57
- 12 of 183
ni I'm not! ..... see post 9 - took my profits prematurely, but may well buy back in on the next big sell off - i.e. when US starts getting into a serious strop with Iran which is surely becoming odds on
soul traders
- 02 Apr 2007 10:59
- 13 of 183
WW III here we come :o)
cynic
- 03 Apr 2007 07:37
- 14 of 183
actually i succumbed yesterday and bought back in, albeit at even higher than i could have done when i first posted ...... at least today's Times say "Buy Southern Cross Healthcare"
soul traders
- 03 Apr 2007 09:55
- 15 of 183
Yep, the Indy seems quite impressed too.
goldfinger
- 03 Apr 2007 10:02
- 16 of 183
Well done cynic, wish I had caught this one when you first posted.
cynic
- 03 Apr 2007 10:12
- 17 of 183
wish i had not sold first time around ..... hindsight is great stuff but cannot hold everything and also add to positions elsewhere
cynic
- 05 Apr 2007 11:34
- 18 of 183
according to latest RNS, it's still cheap even after chugging up another pathetic 16p this morning!
cynic
- 16 Apr 2007 08:12
- 19 of 183
chart logic says that sp is well ahead of the game, but the markets and the impetus behind sp contradicts .... as a holder am very happy to continue to do so (at least pro tem), but could not recommend buying at these levels .... nevertheless, suggest putting on your "watchlist" with a view to buying on any weakness.
cynic
- 24 Apr 2007 11:05
- 20 of 183
weakness this morning without any apparent reason .... if sp hits 25 dma (about 470 but rising), then consider buying
cynic
- 03 May 2007 15:46
- 21 of 183
glad i followed that advice the other day ..... i c i just about have this thread to myself .... still, as they say, "You can take a horse to water, but you can't make it drink" ..... company and share go from strength to strength .... my only (slight) concern is that rsi is almost permanently o'bought or thereabouts, but with sp surging into new high ground, it is difficult (or stupid?) to bet against the trend
cynic
- 11 May 2007 09:31
- 22 of 183
and still sp tracks strongly upwards ...... volumes are not huge, but not minuscule either ...... puzzling, though i guess it's not impossible that someone has them sighted as a t/o target
cynic
- 15 May 2007 10:57
- 23 of 183
RNS yesterday re figures says it all ....
Southern Cross Healthcare Group PLC, Britain's biggest care home operator, posted a 42 pct surge in first-half adjusted earnings on the back of a raft of acquisitions, and signalled the company is still on the look out for further purchases.
In the half year to April 1 adjusted earnings before interest, tax, depreciation and amortisation climbed 42 pct to 21.8 mln stg from the same period last year.
Adjusted earnings per share swung to 7.72 pence from a loss of 4.55 pence. Revenues jumped 17 pct to 336.3 mln stg.
SP is up from 462 (now 551) on 2nd April and still climbing and climbing ..... oh dear!
Southern Cross Healthcare Group PLC, Britain's biggest care home operator, posted a 42 pct surge in first-half adjusted earnings on the back of a raft of acquisitions, and signalled the company is still on the look out for further purchases.
In the half year to April 1 adjusted earnings before interest, tax, depreciation and amortisation climbed 42 pct to 21.8 mln stg from the same period last year.
Adjusted earnings per share swung to 7.72 pence from a loss of 4.55 pence. Revenues jumped 17 pct to 336.3 mln stg.
SP is up from 462 (now 551) on 2nd April and still climbing and climbing ..... oh dear!
cynic
- 29 May 2007 08:29
- 24 of 183
if i was not already o'weight here, i would definitely be buying ..... sp neatly on on 25 dma and strengthening and and rsi has dropped back to fairly neutral
David10B
- 29 May 2007 09:10
- 25 of 183
With you cynic, picked up a small investment this morning based on your postings and my research---just to dip my toe!
Water feels welcomingly nice.
Have a great day.
Water feels welcomingly nice.
Have a great day.
cynic
- 29 May 2007 09:23
- 26 of 183
don't expect fireworks, but if you look back since i first ramped (lol!!) this share here, you will see how it has just climbed and climbed yet STILL has plenty going for it
fez - 29 May 2007 15:46 - 27 of 183
This will crash and burn shortly, in my opinion.
URAMIN (UMN) is a much better place to invest.
60p last September - over 300p now !!!
Dump this and buy URAMIN is my advice. Still plenty to go.
cynic
- 29 May 2007 15:50
- 28 of 183
the one has nothing to do with the other ..... what is the logic behind your statement? ...... anyway, if you are so convinced, then go short SCHE ..... fyi, i already hold sufficient UMN
fez - 29 May 2007 15:54 - 29 of 183
As far as profitability goes, in terms of percentage gained, it gas a lot to do with it - because I am making a comparison.
I repeat: dump this one and buy URAMIN.
cynic
- 29 May 2007 15:58
- 30 of 183
eggs and baskets come to mind ...... am more than happy to keep running my profit here until there is compelling reason to bank the (large) profit ...... if i did not already hold sufficient UMN and/or was short of funds, there are other stocks in my portfolio which i would dump prior to SCHE
fez - 29 May 2007 16:05 - 31 of 183
cynic
- 29 May 2007 16:43
- 32 of 183
?????????????? Is an orange superior or inferior to a melon? ...... but clearly you can't read either ..... i already hold a sufficiency of UMN
fez - 29 May 2007 18:00 - 33 of 183
You still haven't been able to explain why you feel UMN is (supposedly) inferior to SCHE.
Is this because URAMIN is by far the better prospect ????
Oh and by the way, URAMIN went up another 3.43% today.
cynic
- 29 May 2007 18:24
- 34 of 183
I GIVE UP!
The two companies are not comparable ...... one (UMN) is performing well, but a speculative mining E&P company nonetheless, whereas the other (SCHE) is a proven solid performer in with whom the City is clearly in love
The two companies are not comparable ...... one (UMN) is performing well, but a speculative mining E&P company nonetheless, whereas the other (SCHE) is a proven solid performer in with whom the City is clearly in love
fez - 30 May 2007 07:09 - 35 of 183
Sounds like you need to take a 'rest up' in of those Southern Cross Healthcare care homes and long term care beds.
cynic
- 30 May 2007 07:11
- 36 of 183
will have to book early as their occupancy rate is very high!
oilyrag
- 30 May 2007 07:50
- 37 of 183
Hi cynic, is that dramatic looking markdown due to not all traders prices opened yet, or is it genuine.
oilyrag
- 30 May 2007 07:51
- 38 of 183
Its all right, it just answered itself.
cynic
- 30 May 2007 13:50
- 39 of 183
SCHE can be surprisingly volatile at times
cynic
- 05 Jun 2007 10:03
- 40 of 183
oily .... hope you approve of today's performance ..... this stock just gets better and better, even without specific news to boost ..... as i keep saying, "This is a top quality company in the growing dying business!"
oilyrag
- 05 Jun 2007 10:21
- 41 of 183
Hi, sorry didn't buy the other week as totally locked in on TMC, HAWK, and GGG at the moment. Sold all my crap last month and re assessed where I was going. As you can see with TMC why I'm not selling at the moment, however I have SCHE on my watchlist now and hope to take advantage soon. Oh and yes, nice jump.
Darradev - 05 Jun 2007 11:52 - 42 of 183
Love him or hate him, Mr C talks a lot of sense in my view.
Bought into SCHE last week on the back of some profits from CNE (yes, there's still money to be made with Cairn) and am pleased at this current move upwards.
Bought into SCHE last week on the back of some profits from CNE (yes, there's still money to be made with Cairn) and am pleased at this current move upwards.
cynic
- 08 Jun 2007 08:46
- 43 of 183
fez ...... time to go eat your hat i think (see post 27 and others) .... lol!
cynic
- 11 Jun 2007 09:02
- 44 of 183
fez ,,,,, i don't hear from you ..... are you choking?
cynic
- 11 Jul 2007 08:44
- 45 of 183
for those who have the majority of their portfolio in quality rather than spivvy stocks, i would suggest that this (or imminently) is a good time to invest here ...... the company has everything going for it - just do your own reading - and it is a better than evens bet that the weakness over the last couple of days is mere profit taking as peeps take some precautionary moves against general market weakness.
fyi .... i first bought in january and then took profits at the beginning of March ..... bought back in in April at 10% more than i had sold at with slightly more than my norm, but even this is now showing a substantial return .... sp has currently dipped below both 25+50 dma, but rsi is indicating o'sold
fyi .... i first bought in january and then took profits at the beginning of March ..... bought back in in April at 10% more than i had sold at with slightly more than my norm, but even this is now showing a substantial return .... sp has currently dipped below both 25+50 dma, but rsi is indicating o'sold
partridge
- 11 Jul 2007 14:44
- 46 of 183
Cynic - I fall into the category of buying quality (I hope!) and this looks a class act in a growth sector. What puzzles me about the last published interim figures is the charge for "minimum future rental increases" of over 19M in 26 weeks, which largely wipes out trading profit. There is also a balance sheet liability of over 80M for the same purpose.Appreciate this is a non cash item, but if you can explain why it is needed in layman's terms I would be grateful. Lots of companies lease/rent properties subject to rent reviews, but can't ever recall seeing this item before.
cynic
- 11 Jul 2007 15:39
- 47 of 183
don't know guv ...... confess i have trouble understanding the Beano let alone sets of accounts ...... for sure SCHE is an agressively acquisitive company and any leases they have quite probably have upwards only revisions in there ..... it could be that they already know approx market rentals and are providing for same and/or its good and acceptable accountancy practice to minimise tax liabilities.
meanwhile, good to see sp challenging 50 dma from below
meanwhile, good to see sp challenging 50 dma from below
ptholden
- 13 Jul 2007 22:02
- 49 of 183
cynic
- 16 Jul 2007 08:58
- 50 of 183
Panmure have just come out with a BUY note with a target of 700 ...... meanwhile, partly to be prudent and partly because i am travelling this week, i have reduced my holding by just <40%, though that still leaves me with a resaonable stake ...... if PT's chart proves right (no saying it will), then shall def be buying back in and probably shall anyway ...... as i have maintained since Day 1, this is a top class company in a good sector
ptholden
- 16 Jul 2007 21:46
- 51 of 183
Darradev - 19 Jul 2007 11:06 - 52 of 183
Back on track from the dip earlier this month. 600 by month end?
ptholden
- 20 Jul 2007 21:41
- 53 of 183
Time to shout 'SHORT' again :))
SP seems to have halted its march northwards for now although sitting on previous trend support, but I can't see this being especially robust. RSI turning down, MACD turning down, both from resistance. Setting an initial target of 556p possibly 545p dependant on where it finds support.
pth
![<a href=]()
SP seems to have halted its march northwards for now although sitting on previous trend support, but I can't see this being especially robust. RSI turning down, MACD turning down, both from resistance. Setting an initial target of 556p possibly 545p dependant on where it finds support.
pth
ptholden
- 23 Jul 2007 12:27
- 54 of 183
So far so good :))
cynic
- 23 Jul 2007 13:10
- 55 of 183
i see i top-sliced at about this level (559) ..... if 545 is hit, may well buy them back
ptholden
- 23 Jul 2007 22:32
- 56 of 183
Might be lowering my target a bit, perhaps 535p
cynic
- 23 Jul 2007 22:51
- 57 of 183
good! ...... even better level to buy back (lol!)
Darradev - 24 Jul 2007 11:43 - 58 of 183
Mr P, have sold today at a profit, so please feel free to 'call the shorts' ;-)
Mr C, thanks for enlightening me to SCHE. (I still hold both VPC and PFC, both looking positive at the moment).
Mr C, thanks for enlightening me to SCHE. (I still hold both VPC and PFC, both looking positive at the moment).
cynic
- 24 Jul 2007 11:51
- 59 of 183
Darradev ..... imo, SCHE are very good hold into the future ...... though PT may well have called the dip in sp correctly, i do not see it as particularly deep or long-lasting ...... as already posted, i have top-sliced but have every intention of reinstating those in due course.
PFC i also still hold and shall continue to do so
VPC i do not know at all, but will now look
PFC i also still hold and shall continue to do so
VPC i do not know at all, but will now look
ptholden
- 24 Jul 2007 18:31
- 60 of 183
SCHE update
Darradev, a wise decision.
I have slightly redrawn this chart; I adjusted the shallower trend a touch over the weekend (purple lines) which is the reason I dropped my target from 545p to 535p. There are two other trendlines, the blue one through March and earlier this month. This is where it bounced today. It remains to be seen if this is valid support, I would like to see further reactions from this line to prove the case. The lower trend is drawn from Dec and March and provided support on numerous occasions before the trend became steeper earlier this year.
I'm not convinced that the support it bounced off today will hold and I do favour the bottom of the channel at 535p. I have also drawn a tentative channel on the RSI, the upper line is ok, but the lower guesswork and I think there is more room to the downside than shown.
The MACD channel is much clearer and shows room for quite a fall yet and after all, this is the indicator that led me to believe this was a shorting opportunity in the first place!
I am beginning to wonder if the SP will drop out of the channel and head towards the longer term trendline (green jobbie) in which case I will need to amend my target to 500p. Everything is pointing to the downsdie at the moment.
pth
![<a href=]()
Darradev, a wise decision.
I have slightly redrawn this chart; I adjusted the shallower trend a touch over the weekend (purple lines) which is the reason I dropped my target from 545p to 535p. There are two other trendlines, the blue one through March and earlier this month. This is where it bounced today. It remains to be seen if this is valid support, I would like to see further reactions from this line to prove the case. The lower trend is drawn from Dec and March and provided support on numerous occasions before the trend became steeper earlier this year.
I'm not convinced that the support it bounced off today will hold and I do favour the bottom of the channel at 535p. I have also drawn a tentative channel on the RSI, the upper line is ok, but the lower guesswork and I think there is more room to the downside than shown.
The MACD channel is much clearer and shows room for quite a fall yet and after all, this is the indicator that led me to believe this was a shorting opportunity in the first place!
I am beginning to wonder if the SP will drop out of the channel and head towards the longer term trendline (green jobbie) in which case I will need to amend my target to 500p. Everything is pointing to the downsdie at the moment.
pth
cynic
- 24 Jul 2007 19:02
- 61 of 183
for myself, i am happy to hold this stock long term; a rarity for me it must be admitted ...... having top-sliced 40% at 559 (from memory), i am very sanguine about the prospect of sp dipping even to 500 where i would assuredly buy more, even if already having done so at +/-535
Darradev - 25 Jul 2007 09:09 - 62 of 183
thanks chaps, it's good to see that people can have differing views about a stock and still have civilised and meaningful discussions without the 'verbal nonsense' posted on some BBs.
ptholden
- 25 Jul 2007 09:37
- 63 of 183
Hit my target of 535p this morning, wondering if 500p is on the cards. Were I actually trading this stock, would set a trailing stop now at 540-545 and be happy with a 35-40pt profit if stopped out.
pth
pth
ptholden
- 26 Jul 2007 12:44
- 64 of 183
500p was on the cards after all. With this market might even be 490p ??
cynic
- 21 Aug 2007 08:32
- 65 of 183
i am already o'weight here, for otherwise i might be tempted to buy again ..... i have asked PT to check the entrails, but i think the bounce off the rsi of 30 indicates a buy signal .... certainly sp is recovering nicely after this morning's rns, and as well publicised, i reckon this is an ace company in the a growing(dying!) sector.
for info, following is an extract from Newswatch stuff .....
"The broker thought further acquisitions are likely to continue driving consensus upgrades, while the announcement today has renewed overall confidence.
Morgan Stanley maintained its 'overweight' stance and 570 pence target.
Elsewhere, UBS reiterated its 'buy' rating and 660 pence target saying today's news was reassuring."
for info, following is an extract from Newswatch stuff .....
"The broker thought further acquisitions are likely to continue driving consensus upgrades, while the announcement today has renewed overall confidence.
Morgan Stanley maintained its 'overweight' stance and 570 pence target.
Elsewhere, UBS reiterated its 'buy' rating and 660 pence target saying today's news was reassuring."
silverfern - 21 Aug 2007 11:14 - 66 of 183
I am very into this company and bought again at 440p yesterday and 480p today to add to my holding. A market correction does nothing to detract from their business model
cynic
- 21 Aug 2007 11:21
- 67 of 183
i think it's a cracker ...... in similar vein, you may like to look at CTH though stock is not easy to acquire ...... may not be so bad in the current market (lol) but i found it easiest to place an order with price and instruct part fill
silverfern - 21 Aug 2007 11:26 - 68 of 183
Thanks, though I'm fully invested again. Been in SCHE since it was 300p and thought we wouldn't see 440p again. But I@m in this one for the longer term
ptholden
- 23 Aug 2007 22:07
- 69 of 183
Richard
A few thoughts on SCHE. As you can see the SP has been in a deep downtrend since reaching for 600p. Initially a break above 500p to break out of this trend and then a further break through above the long term uptrend (currently resistance) would confirm a reversal. Although difficult to see on this screenshot I would also wish to see a break through RSI resistance (nearly there). MACD seems to have bottomed out, although no confirmed buy signal yet, but it is a lagging indicator (arn't they all!). 440p should certainly be the base if the markets go pear shaped again.
pth
cynic
- 18 Sep 2007 08:40
- 70 of 183
PT ..... hope you are well as have not seen you around for a while .... time for golf?
Others! ..... SCHE continues to pull off really good deals, as it has again anounced today ...... i tout this share unashamedly!
Others! ..... SCHE continues to pull off really good deals, as it has again anounced today ...... i tout this share unashamedly!
Darradev - 11 Oct 2007 08:30 - 71 of 183
Morning all. I see SCHE is on a roll again !
cynic
- 11 Oct 2007 08:50
- 72 of 183
indeed ..... cannot believe how few of the "friends" have bought into this company
cynic
- 17 Oct 2007 13:34
- 73 of 183
sp now broken into all time high ground ...... can it hold through close and for next few days to consolidate?
cynic
- 22 Oct 2007 10:37
- 74 of 183
that's interesting ...... on a bad day in the market, sp is challenging high ground once more ...... watch carefully; jst maybe something afoot though volume does not appear exceptional unless there are large orders lurking
cynic
- 20 Nov 2007 16:28
- 75 of 183
another class stock that succumbed to profit-taking today ...... so with sp just hovering on 25 dma and therefore potentially poised for a bounce, i bought back my top-sliced bit x 2
cynic
- 29 Nov 2007 16:26
- 76 of 183
i know i champion this stock .... however, i like the look of the chart again - i.e. it fell through 50 dma; rallied to challenge and slipped back a little but has just nudged its way back through.
am back to quite heavily o'weight again (sold some between 20th and 25th)
am back to quite heavily o'weight again (sold some between 20th and 25th)
cynic
- 19 Dec 2007 09:43
- 77 of 183
SCHE took a battering in the last 7/10 days when some of the direectors sold a swathe of stock to avoid the liabilities caused by GB's damn-fool CGT reforms ..... sp has come back to life this morning and is now hovering just below 200 dma (see header) ......
because i like this company greatly and also consider it excellent defensively, i have just bought back a slice i sold several weeks ago and am now unashamedly quite heavily o'weight
because i like this company greatly and also consider it excellent defensively, i have just bought back a slice i sold several weeks ago and am now unashamedly quite heavily o'weight
cynic
- 20 Dec 2007 11:40
- 78 of 183
good call or what???!!! ..... however, sp still needs to fight its way back past 25+50 dma before thinking of challenging old high of about 610 ..... that is not going to happen tomorrow!
cynic
- 02 Jan 2008 09:56
- 79 of 183
this one's flying again, though potential resistance at about 570 and certainly at 600/610 where it has had vertigo in the past
lelael - 10 Jan 2008 11:19 - 80 of 183
cynic, where do you think this is going now, I got my timing wrong on this last July, this appears to be a good entry point at 480.
cynic
- 10 Jan 2008 15:18
- 81 of 183
difficult call in these turbulent and treacherous markets, and the chart (see above) is scarcely encouraging ..... however, i am still in love with this company and so far it has met its promises every time.
mind you, one could say much the same for RTN and see what happened to that yesterday even though their trading update and broker reaction were neutrral at worst
mind you, one could say much the same for RTN and see what happened to that yesterday even though their trading update and broker reaction were neutrral at worst
lelael - 10 Jan 2008 16:00 - 82 of 183
Thankyou, I will stay out for now, will continue watching for the next move up.
BigTed
- 10 Jan 2008 20:13
- 83 of 183
too late for me, i forgot i placed a buy order for 470p a while ago and it triggered today, hope that chart dont get worse...!!!
cynic
- 10 Jan 2008 22:19
- 84 of 183
u may well find it a fortuitous mistake
oilyrag
- 22 Jan 2008 11:27
- 85 of 183
How much further do you expect it to drop?
Dil
- 22 Jan 2008 11:38
- 86 of 183
Some support at 380p and 360p but main support at 320p.
Finance director leaving usually not a good sign , maybe he knows something we don't.
Finance director leaving usually not a good sign , maybe he knows something we don't.
cynic
- 22 Jan 2008 11:55
- 87 of 183
truly horrid isn't it, though i shall continue to hold though certainly rather less than i did
Scallywag
- 22 Jan 2008 12:02
- 88 of 183
jimmy c over on "the dark side":
"do some research and you may find why the fd left, not hard to pick up a phone and speak to directors. MBO on the cards at this price. Lazy investing selling out without research, shame on you."
He seems reluctant to pass on what he's found out though.
"do some research and you may find why the fd left, not hard to pick up a phone and speak to directors. MBO on the cards at this price. Lazy investing selling out without research, shame on you."
He seems reluctant to pass on what he's found out though.
cynic
- 22 Jan 2008 13:01
- 89 of 183
anything is possible, including the likelihood that jimmy c is FoS!
BigTed
- 29 Jan 2008 09:57
- 90 of 183
Awesome chart, i see not having broadband for a few weeks has served me well.... not...!!!
halifax - 29 Jan 2008 10:26 - 91 of 183
Is it worth buying at this level or will it continue to fall?
BigTed
- 29 Jan 2008 10:43
- 92 of 183
Has obviously been shorted heavily, would say when they are finished it could make a fair bounce quite rapidly to at least low 400's, the FD buying had that effect last week, but was short lived...
cynic
- 29 Jan 2008 11:07
- 93 of 183
all sorts of slightly strange things have gone against SCHE of late, and though i have trimmed my holding, i am still a fan
BigTed
- 30 Jan 2008 08:43
- 94 of 183
So did old mutual buy or sell on 24th? RNS says they crossed 5% threshold but i presume thats downwards and that they have sold, shorters giving this a torrid time at the mo...
halifax - 30 Jan 2008 08:57 - 95 of 183
Old Mutual reduced to <5% see RNS 28/01/08.
Dil
- 30 Jan 2008 09:51
- 96 of 183
So does anyone know why the FD left ?
halifax - 30 Jan 2008 10:37 - 97 of 183
RNS states AGM on 5/2/08 and trading update a few days later?
BAYLIS
- 04 Feb 2008 14:02
- 98 of 183
could be the boottom
cynic
- 04 Feb 2008 14:03
- 99 of 183
am tempted to get back in (sorry, but jumped ship about a week ago) but am travelling for the rest of the week and cannot watch constantly
BigTed
- 04 Feb 2008 16:06
- 100 of 183
Not sure why, but i never averaged down when at 320/330p last week, although remember looking at the chart and noting RSI was off the scale, shorters would have to close positions as the sp recovered, and hence a healthy 50p rise in two days...
cynic
- 14 Feb 2008 14:01
- 101 of 183
so SCHE is perhaps regaining its poise ..... very good set of figures, and though perhaps a little late in the day, jumped back in this morning at 382 and already nicely in the money
partridge
- 14 Feb 2008 14:13
- 102 of 183
Any shareholder discounts available??
cynic
- 14 Feb 2008 14:21
- 103 of 183
maybe, if you don't mind sharing a bed with a stranger
partridge
- 14 Feb 2008 15:10
- 104 of 183
Definitely get less choosy as you get older, but I would draw the line at anything other than a female. Could bring a whole new meaning to "share of the month".....
cynic
- 12 May 2008 16:55
- 105 of 183
pretty bounce of 50 dma with decent results that for once seem to be to the anal-ysts liking ...... sp +21.50 today after about +34p earlier, but surely more upside to come in the immediate future
cynic
- 13 May 2008 07:33
- 106 of 183
that's what i like about analysts - lol!
TIMES says "avoid for now"
INDY says "buy"
One of the big brokers (forget which) raises fair price to 420/440
TIMES says "avoid for now"
INDY says "buy"
One of the big brokers (forget which) raises fair price to 420/440
cynic
- 30 Jun 2008 07:15
- 107 of 183
have been out of this former fave of mine for a few weeks now, and thank goodness ..... hs already fallen quite a bit but looks like a torrid time ahead with profit warning this morning
hlyeo98 - 30 Jun 2008 08:14 - 108 of 183
You are right, cynic...down to 135p now
cynic
- 30 Jun 2008 08:25
- 109 of 183
well below that now ... had hoped to be able to short this morning, but not a (sensible) chance s opened -175 or thereabouts ...... makes TAN look tame!
hlyeo98 - 30 Jun 2008 08:30 - 110 of 183
Southern Cross says occupancy rates lower than expected, lowers profit forecast - AFX
LONDON (Thomson Financial) - Southern Cross Healthcare Group Plc. said it is unlikely to meet its own forecasts for bed occupancy rates due to later government funding to local authorities, forcing it to downgrade its profit expectations, and it also has had to renegotiate the repayment date of a 46 million pound loan.
The care-home provider said that although the overall occupancy in its homes has risen since the half year to 33,450 residents from 32,900, or 90 percent of all available beds, this increase has not happened at the speed, nor to the absolute number of residents, initially expected.
As a result, adjusted EBITDA is unlikely to exceed 80 million for the year, compared with 66.8 million pounds in 2007, Southern Cross said.
The company said it has a total debt facility of 82 million pounds, 46 million of which should have be repaid at the end of June. It said it has a repayment extension to 28 July.
It had intended that the property assets funded by this facility would have been sold by this date and the loan repaid. However, while it has received indicative offers for part of the assets, they are currently unsold.
Southern Cross also blamed what it described as 'higher than normal attrition rates' among its residents for lower-than-anticipated occupancy levels.
The company said it has appointed a new management team to conduct a review of the its Active Care subsidiary as the business remains significantly below its financial forecast.
Southern Cross also said Jason Lock, who was appointed finance director in March, is stepping down, with immediate effect. Richard Midmer, previously finance director of NHP Plc., will take over the FD role.
LONDON (Thomson Financial) - Southern Cross Healthcare Group Plc. said it is unlikely to meet its own forecasts for bed occupancy rates due to later government funding to local authorities, forcing it to downgrade its profit expectations, and it also has had to renegotiate the repayment date of a 46 million pound loan.
The care-home provider said that although the overall occupancy in its homes has risen since the half year to 33,450 residents from 32,900, or 90 percent of all available beds, this increase has not happened at the speed, nor to the absolute number of residents, initially expected.
As a result, adjusted EBITDA is unlikely to exceed 80 million for the year, compared with 66.8 million pounds in 2007, Southern Cross said.
The company said it has a total debt facility of 82 million pounds, 46 million of which should have be repaid at the end of June. It said it has a repayment extension to 28 July.
It had intended that the property assets funded by this facility would have been sold by this date and the loan repaid. However, while it has received indicative offers for part of the assets, they are currently unsold.
Southern Cross also blamed what it described as 'higher than normal attrition rates' among its residents for lower-than-anticipated occupancy levels.
The company said it has appointed a new management team to conduct a review of the its Active Care subsidiary as the business remains significantly below its financial forecast.
Southern Cross also said Jason Lock, who was appointed finance director in March, is stepping down, with immediate effect. Richard Midmer, previously finance director of NHP Plc., will take over the FD role.
cynic
- 30 Jun 2008 08:42
- 111 of 183
makes me sick to look at this one even though i don't hold ...... now effectively untradable at about 85p ...... closed friday at 317
and just a few minutes later, still crashing, crashing, crashing
and just a few minutes later, still crashing, crashing, crashing
cynic
- 30 Jun 2008 08:51
- 112 of 183
greed says there must soon be a bottom to the massacre (hmm! interesting metaphor!) and a chance to buy on a bounce, but would take a brave man i think
halifax - 30 Jun 2008 09:47 - 113 of 183
Looks like a terminal cashflow crisis unless their bankers save them.
cynic
- 30 Jun 2008 10:01
- 114 of 183
or one of their big investors or competitors takes them out
cynic
- 30 Jun 2008 10:29
- 115 of 183
thought to buy at 80, then saw dive to about 65 so heaved a sigh of relief, but now see at a bit over 90 ....... all far too scary as on hol and generally sitting by pool
silverfern - 30 Jun 2008 11:21 - 116 of 183
'generally sitting by the pool'? not specifically then : )
I have traded around 40k of these today and recovered all my losses from the ones I had bought over the last months. Now all in cash. I tell you, I was close to sitting in my own pool at times this morning!
I have traded around 40k of these today and recovered all my losses from the ones I had bought over the last months. Now all in cash. I tell you, I was close to sitting in my own pool at times this morning!
cynic
- 30 Jun 2008 11:36
- 117 of 183
well done ...... sitting glued to the screen was the only way to trade i think
silverfern - 30 Jun 2008 11:47 - 118 of 183
thanks: the real lesson I learnt from doing this is a) I should sold when my stop loss was breached last week and b) knowing I had lost a lot of money mneant I had to get the trades right today (i.e bought at 57.5p not 1.30 when market opened. Had I sold last week and been able to trade as I did today I would have earnt a very nice holiday indeed this monring- we live and learn.
cynic
- 30 Jun 2008 11:50
- 119 of 183
ah well, such is life as we sit in the gutter!
silverfern - 30 Jun 2008 12:30 - 120 of 183
couldn't resist - went back in around the 109p mark. Glad I did.
cynic
- 30 Jun 2008 18:05
- 121 of 183
clever old silverfern seems to have done well on this stock today (and i believe him!), but it will be interesting to see what the morrow brings ..... sp seems to have closed at 130, perhaps distorted by auction, but if you can monitor constantly, i think there may be another lively day ahead shorting initially
BigTed
- 30 Jun 2008 18:48
- 122 of 183
RSI suggests overdone...
cynic
- 30 Jun 2008 19:16
- 123 of 183
RSI after a pretty dire profit warning has no relevance
micky468 - 30 Jun 2008 20:10 - 124 of 183
cynic any viws on PCI
cynic
- 30 Jun 2008 20:19
- 125 of 183
all i can say is that it is not a company i like much ...... far better bets in oilies ..... TLW, though a comparative heavyweight, certainly looks a good punt
micky468 - 30 Jun 2008 20:36 - 126 of 183
thank's
hlyeo98 - 01 Jul 2008 10:10 - 127 of 183
SCHE is 103p now.
hlyeo98 - 01 Jul 2008 11:48 - 128 of 183
Stay away from SCHE by all means. It is 85p now.
halifax - 07 Jul 2008 16:11 - 129 of 183
Signs of the sp recovering a little after share buying by directors.
ateeq180 - 09 Jul 2008 14:33 - 130 of 183
i think this will bounce a bit more today with a decent volume being traded.
justyi - 09 Jul 2008 15:57 - 131 of 183
Southern Cross denies bid approach
| | |
LONDON (ShareCast) - Southern Cross said it has received no approach relating to an offer for the company nor is the board seeking to procure one.
However, the care home group said it has received "general enquiries" from a number of parties (Advertisement)
regarding the company's current situation.
Southern Cross shares added more than 25% today on rumours that private equity buyers are eying the company.
"The board of the company remains focused upon the potential sale of certain of the care home property assets currently held on balance sheet and necessary amendments to its existing banking arrangements to reflect the changed circumstances which now face the company," said the group.
"A further announcement regarding progress of these matters will be made in due course," it added.
Shares in the care home group plunged at the end of last month as it warned of a breach of bank covenants, poor trading and the departure of its finance director.
| | |
LONDON (ShareCast) - Southern Cross said it has received no approach relating to an offer for the company nor is the board seeking to procure one.
However, the care home group said it has received "general enquiries" from a number of parties (Advertisement)
regarding the company's current situation.
Southern Cross shares added more than 25% today on rumours that private equity buyers are eying the company.
"The board of the company remains focused upon the potential sale of certain of the care home property assets currently held on balance sheet and necessary amendments to its existing banking arrangements to reflect the changed circumstances which now face the company," said the group.
"A further announcement regarding progress of these matters will be made in due course," it added.
Shares in the care home group plunged at the end of last month as it warned of a breach of bank covenants, poor trading and the departure of its finance director.
cynic
- 24 Jul 2008 11:24
- 132 of 183
back at the end of June, SCHE announced .....
the Company, which is working closely in partnership with its banking syndicate, has been granted an extension to the repayment date and a waiver of an anticipated non-compliance with a financial covenant until 28 July 2008. This period will allow the Group to pursue the potential sale of some or all of these assets and/or suitable amendments to its overall longer term funding arrangements. A further announcement will be made in due course.
it is now 24th July, so is no news just no news?
the Company, which is working closely in partnership with its banking syndicate, has been granted an extension to the repayment date and a waiver of an anticipated non-compliance with a financial covenant until 28 July 2008. This period will allow the Group to pursue the potential sale of some or all of these assets and/or suitable amendments to its overall longer term funding arrangements. A further announcement will be made in due course.
it is now 24th July, so is no news just no news?
hlyeo98 - 17 Oct 2008 10:33 - 133 of 183
70p now.
lelael - 11 May 2009 17:18 - 134 of 183
SCHE seems to be moving in the right direction again, I was tempted this morning but missed the initial rise, will have another look tomorrow, I know a few on here liked this one in the past.
Dil
- 11 May 2009 18:34
- 135 of 183
Results were out today.
hlyeo98 - 23 Apr 2010 16:27 - 136 of 183
This is looking dire...haven't followed it for 2 years.
cynic
- 23 Apr 2010 16:34
- 137 of 183
wow! glad i haven't held this for a long time, but wish i'd been short!!
halifax - 10 Aug 2010 17:19 - 138 of 183
are they heading for the knackers yard?
cynic
- 10 Aug 2010 17:44
- 139 of 183
not sure, but given their reliance on local gov't contracts and similar, it sure doesn't suggest a buy
halifax - 10 Aug 2010 17:47 - 140 of 183
cynic debt is their problem banks getting impatient sales falling should be a short.
cynic
- 10 Aug 2010 18:14
- 141 of 183
couldn't disagree though i may not do so
halifax - 12 Aug 2010 13:10 - 142 of 183
cynic Brewin Dolphin downgrade to sell target 10p.
cynic
- 12 Aug 2010 13:56
- 143 of 183
thanks hali ... may react to that .... fyi, took out a small short on WOS just before lunch - see thread for why
dealerdear - 27 Aug 2010 13:54 - 144 of 183
Potential offer on the table.
cynic
- 07 Sep 2010 08:26
- 145 of 183
hmm! i was seriously contemplating shorting this one having called CNT correctly, but i now note that ubs have just increased their stake to 6.2%, so perhaps the reverse is a better call
mitzy - 09 Dec 2010 18:49 - 146 of 183
A much quality company than most.
hlyeo98 - 01 Jan 2011 14:56 - 147 of 183
One of the turkeys of 2011...
Among FTSE All-Share constituents care home operator Southern Cross Healthcare was the worst performer, plunging 86% on the year, as losses mounted and the company relied on the support of its bankers.
Losses in the year to September climbed to 47.4m from 19.8m, on sales of 959m, up from 937m. That did not bode well for a company likely to be squeezed by local authority budget cutbacks.
Landlords of Southern Cross are considering asking other operators to take over the running of some of its homes after the company sought to negotiate a freeze or cut in rents, The Times reported on Friday.
The board has been approached by other parties expressing potential interest in the group, so someone must believe the business is worth buying, though at what price is unknown.
Among FTSE All-Share constituents care home operator Southern Cross Healthcare was the worst performer, plunging 86% on the year, as losses mounted and the company relied on the support of its bankers.
Losses in the year to September climbed to 47.4m from 19.8m, on sales of 959m, up from 937m. That did not bode well for a company likely to be squeezed by local authority budget cutbacks.
Landlords of Southern Cross are considering asking other operators to take over the running of some of its homes after the company sought to negotiate a freeze or cut in rents, The Times reported on Friday.
The board has been approached by other parties expressing potential interest in the group, so someone must believe the business is worth buying, though at what price is unknown.
hlyeo98 - 01 Jan 2011 14:57 - 148 of 183
sorry, I meant 2010.
aldwickk
- 02 Jan 2011 08:34
- 149 of 183
Mitzy
This will be 600p in two years , am buying shed loads .
This will be 600p in two years , am buying shed loads .
mitzy - 02 Jan 2011 08:39 - 150 of 183
aldwickk
Hay mas tiempo que vida..
life is too short to worry.
Hay mas tiempo que vida..
life is too short to worry.
mitzy - 06 Jan 2011 14:23 - 151 of 183
This looks bad real bad.
halifax - 06 Jan 2011 14:25 - 152 of 183
shorters have them by the.....
cynic
- 06 Jan 2011 14:25
- 153 of 183
indeed it does, though i guess there's a chance that some white knight will happen along
aldwickk
- 06 Jan 2011 17:33
- 154 of 183
cynic
- 06 Jan 2011 18:05
- 155 of 183
now we know what you do - proposition MILFs
mitzy - 18 Jan 2011 13:55 - 156 of 183
I'm long.
Bid rumours 35p.
Bid rumours 35p.
cynic
- 18 Jan 2011 14:00
- 157 of 183
if a bid truly comes in at 35p - in itself a poor reason to buy - your upside is currently only about 5p - inevitable discount for uncertainty and timing issues
mitzy - 20 Jan 2011 22:26 - 158 of 183
Good days action.
mitzy - 08 Feb 2011 08:25 - 159 of 183
Back to 15p again.
mitzy - 14 Mar 2011 08:29 - 160 of 183
?????
cynic
- 14 Mar 2011 10:07
- 161 of 183
Southern Cross crucified!
company is dead in the water - read RNS put out this morning
company is dead in the water - read RNS put out this morning
mitzy - 14 Mar 2011 10:24 - 162 of 183
Not much further to fall.
cynic
- 14 Mar 2011 10:40
- 163 of 183
aldo - post 149 - if what you wrote was correct, then i'm glad i'm not your bank manager ...... at least mitzy only invests 500 at a time (i think)
mitzy - 14 Mar 2011 14:53 - 164 of 183
I fear nothing left for small investors
hlyeo98 - 02 Jun 2011 15:08 - 165 of 183
Time to buy SCHE... very cheap now.
Elderly campaigners, charities and union leaders warned that the threat of collapse at Southern Cross Healthcare would be a catastrophe that could threaten the lives of residents at its 750 homes.
In response, Downing Street offered a guarantee that elderly and disabled people in Southern Cross homes would not lose out, but declined to say whether any emergency funding would be available.
The crisis comes as the public spending watchdog, the Audit Commission warns that the quality of services for elderly people will be under further threat as councils are forced to negotiate lower fees for private care places.
Southern Cross, which made a 311 million loss in the six months to the end of March, has blamed its problems on reduced council spending on long-term care. The group announced this week that it will be forced to cut the rent it pays to the landlords of the homes it runs by 30% for four months.
Saga, the over-50s group, called on ministers to draw up an urgent rescue plan for care homes in trouble. Ros Altmann, Sagas director general, said: The government and local authorities may have to step in and take control of the situation.
Lives could be at risk as a result of Southern Cross collapsing.
The GMB union, which has around 12,000 members working in the care homes, urged politicians across the UK to take action to help secure the future for the staff and the residents.
General secretary Paul Kenny said politicians must sort out the uncertainty the residents face. These are not factories facing closure, they are a vital part of the social fabric of every community, he said.
The Prime Ministers official spokesman gave a guarantee that affected residents would not lose out.
We are clear that we are putting the interests of residents at the top of the list, he said. It may well be in their interests to keep them in the same place. But I think we have to look at that very carefully and we have got to let this process continue with the company and the various other interested parties.
However, he declined to discuss whether there was any contingency in care budgets to cover extra costs. Southern Cross is in talks with its landlords, who could force the group into deeper trouble if they refuse to agree to the rent cut.
Jamie Buchan, chief executive of Southern Cross, said he believed the company would survive, with fewer homes, but there would be no need for a government bail out. He told The Daily Telegraph: I dont think the Government would or would need to provide financial support.
Elderly campaigners, charities and union leaders warned that the threat of collapse at Southern Cross Healthcare would be a catastrophe that could threaten the lives of residents at its 750 homes.
In response, Downing Street offered a guarantee that elderly and disabled people in Southern Cross homes would not lose out, but declined to say whether any emergency funding would be available.
The crisis comes as the public spending watchdog, the Audit Commission warns that the quality of services for elderly people will be under further threat as councils are forced to negotiate lower fees for private care places.
Southern Cross, which made a 311 million loss in the six months to the end of March, has blamed its problems on reduced council spending on long-term care. The group announced this week that it will be forced to cut the rent it pays to the landlords of the homes it runs by 30% for four months.
Saga, the over-50s group, called on ministers to draw up an urgent rescue plan for care homes in trouble. Ros Altmann, Sagas director general, said: The government and local authorities may have to step in and take control of the situation.
Lives could be at risk as a result of Southern Cross collapsing.
The GMB union, which has around 12,000 members working in the care homes, urged politicians across the UK to take action to help secure the future for the staff and the residents.
General secretary Paul Kenny said politicians must sort out the uncertainty the residents face. These are not factories facing closure, they are a vital part of the social fabric of every community, he said.
The Prime Ministers official spokesman gave a guarantee that affected residents would not lose out.
We are clear that we are putting the interests of residents at the top of the list, he said. It may well be in their interests to keep them in the same place. But I think we have to look at that very carefully and we have got to let this process continue with the company and the various other interested parties.
However, he declined to discuss whether there was any contingency in care budgets to cover extra costs. Southern Cross is in talks with its landlords, who could force the group into deeper trouble if they refuse to agree to the rent cut.
Jamie Buchan, chief executive of Southern Cross, said he believed the company would survive, with fewer homes, but there would be no need for a government bail out. He told The Daily Telegraph: I dont think the Government would or would need to provide financial support.
mitzy - 02 Jun 2011 16:10 - 166 of 183
Worth 2p or 3p at the most.
skinny
- 02 Jun 2011 16:15
- 167 of 183
God - these were 6 3 years ago and perceived as safe!
mitzy - 02 Jun 2011 16:17 - 168 of 183
I remember SCSW tipping them at 400p and look at them now.
I bet a few people have lost their shirt
I bet a few people have lost their shirt
cynic
- 02 Jun 2011 17:10
- 169 of 183
at least when i started this thread there was still plenty of upside!
skinny
- 02 Jun 2011 17:12
- 170 of 183
Cynic - its quite funny when looking at the chart in the header, coupled with the last line of your opener. "have just bought for myself at 355"
cynic
- 02 Jun 2011 17:39
- 171 of 183
indeed - forgot it updated automatically!
hlyeo98 - 05 Jun 2011 22:41 - 172 of 183
Former Southern Cross tycoon owns five houses worth 77m... while 31,000 residents may have to leave their care homes
Stephen Schwarzman owns a 35-room Manhattan apartment, mansions in Palm Beach, The Hamptons and St Tropez - and a winter villa in Jamaica
The tycoon behind the controversial U.S. firm that made 640million from the embattled Southern Cross care-home business boasts one of the world's most magnificent property portfolios.
While more than 31,000 vulnerable elderly people in Britain fear they may have to leave their care homes because of the financial crisis overtaking Southern Cross, Stephen Schwarzman, the 64-year-old billionaire chief executive of private equity firm Blackstone, has a personal property empire worth 77million.
One home is a palatial 35-room, two-storey apartment on Manhattan's Park Avenue which he bought in 2000 for 20million.
Its ballroom-size foyer leads into a drawing room -- reputedly the largest in the city -- where a silver-framed photo shows the tycoon arm in arm with George W. Bush.
Adorned with works by Claude Monet, the 20,000 sq ft house also has a gym, sauna, steam room, billiards room, screening room and a wing for servants, who take their meals in a separate dining room.
Schwarzman is renowned in New York for ostentatious parties. One of them had an 007 theme with Bond girls carrying trays of nibbles.
Guests at his 60th birthday party in 2007 included two fellow multi-millionaires, Donald Trump and New York mayor Michael Bloomberg, and Rod Stewart was paid more than 500,000 to perform at the extravaganza.
In 2003, Schwarzman forked out 15million for a white Palm Beach mansion called Four Winds.
The 1937 house was old by the standards of the exclusive Florida resort, and classified as a protected historic landmark.
Measuring 13,000 sq ft, it was 'too small', however, for Schwarzman. He filed plans with the Palm Beach Landmarks Preservation Commission for a 'renovation and restoration' which included adding a second storey and a servants' wing.
The Blackstone chief made almost 500million when his company sold its interest in Southern Cross, Britain's biggest care-home provider.
The deal involved the sale of the group's properties, forcing Southern Cross to lease them back from another company.
Southern Cross is now saddled with expensive long-term rent commitments and on the brink of bankruptcy, leaving residents fearing for their futures.
Blackstone has been accused of profiteering at the expense of the elderly and vulnerable.
Stephen Schwarzman owns a 35-room Manhattan apartment, mansions in Palm Beach, The Hamptons and St Tropez - and a winter villa in Jamaica
The tycoon behind the controversial U.S. firm that made 640million from the embattled Southern Cross care-home business boasts one of the world's most magnificent property portfolios.
While more than 31,000 vulnerable elderly people in Britain fear they may have to leave their care homes because of the financial crisis overtaking Southern Cross, Stephen Schwarzman, the 64-year-old billionaire chief executive of private equity firm Blackstone, has a personal property empire worth 77million.
One home is a palatial 35-room, two-storey apartment on Manhattan's Park Avenue which he bought in 2000 for 20million.
Its ballroom-size foyer leads into a drawing room -- reputedly the largest in the city -- where a silver-framed photo shows the tycoon arm in arm with George W. Bush.
Adorned with works by Claude Monet, the 20,000 sq ft house also has a gym, sauna, steam room, billiards room, screening room and a wing for servants, who take their meals in a separate dining room.
Schwarzman is renowned in New York for ostentatious parties. One of them had an 007 theme with Bond girls carrying trays of nibbles.
Guests at his 60th birthday party in 2007 included two fellow multi-millionaires, Donald Trump and New York mayor Michael Bloomberg, and Rod Stewart was paid more than 500,000 to perform at the extravaganza.
In 2003, Schwarzman forked out 15million for a white Palm Beach mansion called Four Winds.
The 1937 house was old by the standards of the exclusive Florida resort, and classified as a protected historic landmark.
Measuring 13,000 sq ft, it was 'too small', however, for Schwarzman. He filed plans with the Palm Beach Landmarks Preservation Commission for a 'renovation and restoration' which included adding a second storey and a servants' wing.
The Blackstone chief made almost 500million when his company sold its interest in Southern Cross, Britain's biggest care-home provider.
The deal involved the sale of the group's properties, forcing Southern Cross to lease them back from another company.
Southern Cross is now saddled with expensive long-term rent commitments and on the brink of bankruptcy, leaving residents fearing for their futures.
Blackstone has been accused of profiteering at the expense of the elderly and vulnerable.
mitzy - 11 Jul 2011 09:23 - 173 of 183
Temporary suspension.
cynic
- 11 Jul 2011 09:29
- 174 of 183
i think not ...... SCHE is seriously dead in the water ...... shareholders will have lost the lot
Fred1new
- 11 Jul 2011 11:45
- 175 of 183
The success of "private companies" in "social service areas".
Should be a warning, that some areas are "no go" areas for "privatisation".
Should be a warning, that some areas are "no go" areas for "privatisation".
cynic
- 11 Jul 2011 12:02
- 176 of 183
you do talk twaddle sometimes to try to make a totally different fact fit your socialist viewpoint
Fred1new
- 11 Jul 2011 12:23
- 177 of 183
Cynic,
Look at your own header.
Look at the white paper which is being introduced,
Another future U-turn.
Look at your own header.
Look at the white paper which is being introduced,
Another future U-turn.
cynic
- 11 Jul 2011 12:28
- 178 of 183
look how long ago i started the thread and what sp was doing then you ass ...... amazed that someone with your left-wing viewpoiints does not consider it immoral t0 invest in shares - after all, surely mking a profit is exploitation by another name
champagne ronny - 13 Jul 2011 10:49 - 179 of 183
good call lol
hlyeo98 - 13 Jul 2011 12:25 - 180 of 183
Looks like the end is nigh for SCHE soon. Sell now before it folds.
skinny
- 13 Jul 2011 12:30
- 181 of 183
They are still recruiting!!!!
hlyeo98 - 14 Jul 2011 15:43 - 182 of 183
SCHE has gone to the dogs
hlyeo98 - 14 Jul 2011 15:48 - 183 of 183
Yesterday SCHE was recruiting and today it out of business...
management clutching at straws again...
Southern Cross Healthcare revealed this week that it is going out of business.
The move comes after landlords across the UK said that they are no longer prepared to do business with the troubled company.
And it now looks like some may take over the homes themselves or be forced to find new health care providers.
management clutching at straws again...
Southern Cross Healthcare revealed this week that it is going out of business.
The move comes after landlords across the UK said that they are no longer prepared to do business with the troubled company.
And it now looks like some may take over the homes themselves or be forced to find new health care providers.
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