____5 Year Share Price against EPS chart____


Web Site : http://www.oasisdentalcare.co.uk/

Email News Alert : http://www.oasisdentalcare.co.uk/investors/email/


Oriel Securities 1st Dec 2005 BUY

2005 PTP 2.1M
2005 EPS 1.8p

2006 PTP 2.7M
2006 EPS 2.4p
____________________________________________________________________

Major Shareholders

Advent VCT--------------------7,508,113 (9.20%)
BLS Holdings Ltd Prtnship----6,749,964 (8.27%)
Singer & Friedlander IM Ltd--6,590,000 (8.07%)
Joseph Joe King--------------3,347,500 (4.10%) DIR
Goldman Sachs Group Inc-------2,855,500 (3.50%)
BWD AIM VCT PLC--------------2,542,500 (3.11%)
____________________________________________________________________
Interim results 1st Dec 2005

Oasis Healthcare PLC
Interim Results for the period ending 30 September 2005
Oasis Healthcare PLC, the UK's leading corporate dentistry operator with 122
practices today announces much improved interim results for period ending 30
September 2005.

Turnover______________40.7_____+10%
EBITDA*_______________3.5_____+17%
Operating Profit m*_____1.2_____+50%
EBAT*_______________1.0_____+55%
Earnings per share ++___1.26p_____+56%
* After absorbing additional cluster infrastructure cost of 0.5m for the six
months
++ Excluding goodwill amortisation

Operational
* Changes implemented are delivering results and improved financial
returns
* Cluster structure working well and providing strong base to expand
* New NHS contract provides further opportunity to develop NHS
business
* Re-negotiated our consumable supply contract achieving 0.2 million
in annualised savings
* New Finance Director appointed

Financial
* Operating cash inflow of 2.5 million (2004: 1.5 million) *
* Revised debt repayment structure enabled 1.6 million of
capital to be spent on the business (2004: 0.6 million)
* Considering impact of IFRS - should have positive implications due to
treatment of goodwill

Current Trading
* Performance continues to be positive and prospects for the
second half year are encouraging

Stephen Lambert, Chief Executive, said:
'The management and structural changes we have put in place continue to deliver
operational and financial improvements to our performance. As this performance
accelerates we will continue to invest in dentists, improve customer services
and to build on the strong base the new organisational structure has
established.'
__________________________________________________________________

Recent Institution and Director Buying ;

19th Sept 2005 S Lambert buy 1.0 million @ 10.5p
19th Sept 2005 G Blomfield Buy 500,000 @ 10.5p
29th April 2005 Goldman Sachs Buy 2.855 million.
14th Dec 2005 Stephen Lambert Buy 100,000 @ 12p
3rd Dec 2005 Stephen Lambert Buy 165,000 @ 10.5p
3rd Aug 2004 Stephen Lambert Buy 35,000 @ 16.2p

Target : much higher soon !

Have a read :


http://www.iii.co.uk/sharedealing/?type=editorial&id=33570

Very interestingly placed still, and I have been adding.

The jobs list is getting smaller and most are part time ;

http://www.oasisdentalcare.com/list.asp?id=172

This means the practises are getting near the full limit - should be the results of Lambert's presence and IMO, will be shown in very strong turnover for Lamberts first 6 months at the helm period.

Oasis Healthcare PLC
01 April 2005


For Immediate Release 1 April 2005

OASIS HEALTHCARE PLC

TRADING UPDATE


Oasis Healthcare Plc, ('Oasis' or 'the Company') the UK's leading corporate
dentistry operator, announces an update to trading at its year end close of 31st
March 2005.


Highlights


Revised banking arrangements

Closure of loss-making practices

Ongoing operations trading in line with expectations


Banking Facilities


Oasis has entered into revised banking agreements with its lenders, Bank of
Scotland, whereby the repayment terms of its principal loans have been
restructured to reduce repayments over the next five years from 26.5 million to
12.5 million. Under the terms of the new agreement the Group has access to an
overdraft facility of 3,000,000 and Term Loan finance of 36,500,000. The loan
repayment profile will be as follows:


Year to 31 March 2006 1,000,000
Year to 31 March 2007 1,750,000
Year to 31 March 2008 3,750,000
Year to 31 March 2009 3,000,000
Year to 31 March 2010 3,000,000


As a result of the new arrangements our average cost of borrowings will increase
by an additional margin of 0.3% to 1.6% above LIBOR. In addition an
arrangement fee is payable in two instalments of 75,000 each on 31 March 2005
and 30 September 2005.


Closure of loss-making practices


Following our strategic review three loss-making 'shop front' dental practices
in Central London are to close. Losses in the second half of the current year
in these former Dencare-owned sites have increased and are expected to total
250,000 for the full year. Dentists and staff will be relocated to other
existing practices where spare capacity currently exists. Exceptional costs of
approximately 500,000 will be incurred as a result of these closures, which
principally reflect provisions to be made against ongoing lease commitments.


Ongoing operations trading update


Excluding the three loss-making practices to be closed trading performance from
the remaining 122 practices in the Oasis estate has been in line with our
expectations.


Stephen Lambert, CEO, said:


'Negotiating new arrangements with the Bank of Scotland provides greater
certainty to the funding of our business and a platform from which we can take
the Company forward.


Oasis is a strongly cash-generative business with the conversion of Group EBITDA
to operating cashflow near to 100%. In the year to 31 March 2004 the Group
generated cash of 5.2 million.


The new banking repayment schedule will provide up to 4.0 million to invest
into the business in the coming year. Investment will be focused on upgrading
existing surgeries and extending our practice computerisation program. This
should have a beneficial effect on the recruitment and retention of dentists,
which in turn improves our profitability.


Furthermore, the introduction of regional cluster groups, of between four and
nine practices has been extremely positively received within the business, and
will be fully operational early in the new financial year.


I am confident that the strategic repositioning of the business with greater
autonomy at local levels will show through in the new financial year.


We look forward to updating our shareholders and the market further at the time
of our Preliminary Results in June 2005.'



For further information, please contact:


Stephen Lambert
(Chief Executive, Oasis Healthcare Plc) 01603 625 335

Lisa Baderoon / Rebecca Skye Dietrich
(Buchanan Communications) 020 7466 5000







This information is provided by RNS
The company news service from the London Stock Exchange

Oriel Securities April 2005 BUY recommendation.

papal,

Any cjanhce you can reduce the size of the chart in the header?

it goes off the edge of my screen!

Andy, its done.

The good thing about Oasis is all the bad news and more is factored in, it has very high turnover, the debt is under control and it is a recession free industry, they just keep getting more and more attractive as a decent recovery play in these very volatile times.

And its an ethical investment too..............

And Goldman are on board too for the recovery play.


Oasis Healthcare PLC
29 April 2005
SCHEDULE 10
NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company

Oasis Healthcare Plc

2. Name of shareholder having a major interest

The Goldman Sachs Group Inc ('GS Inc')

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest

(A) Goldman Sachs & Co, a wholly-owned direct subsidiary of GS Inc
(B) Goldman Sachs International, a wholly owned indirect subsidiary of GS Inc

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)

(A) 5,500 Goldman Sachs Securities (Nominees) Limited
(B) 2,850,000 Not informed

5. Number of shares / amount of stock acquired
Not informed

6. Percentage of issued class
Not informed

7. Number of shares/amount of stock disposed
N/A

8. Percentage of issued class
N/A

9. Class of security
Ordinary 1p shares

10. Date of transaction
26 April 2005

11. Date company informed
28 April 2005

12. Total holding following this notification
2,855,500

13. Total percentage holding of issued class following this notification
3.50%

I have faith in what Stephen Lambert is doing and it seems so does Goldman Sachs and I do believe that Oasis is an excellent recovery play. The last statement from Stephen Lambert was ;

Oasis Healthcare PLC
01 April 2005

Stephen Lambert, CEO, said:

"Negotiating new arrangements with the Bank of Scotland provides greater
certainty to the funding of our business and a platform from which we can take
the Company forward.
Oasis is a strongly cash-generative business with the conversion of Group EBITDA to operating cashflow near to 100%. In the year to 31 March 2004 the Group generated cash of 5.2 million.
The new banking repayment schedule will provide up to 4.0 million to invest
into the business in the coming year. Investment will be focused on upgrading
existing surgeries and extending our practice computerisation program. This
should have a beneficial effect on the recruitment and retention of dentists,
which in turn improves our profitability.
Furthermore, the introduction of regional cluster groups, of between four and
nine practices has been extremely positively received within the business, and
will be fully operational early in the new financial year.
I am confident that the strategic repositioning of the business with greater
autonomy at local levels will show through in the new financial year.
We look forward to updating our shareholders and the market further at the time
of our Preliminary Results in June 2005."

Oasis Forecast

Year Ending 31-03-2005
Sales (m) 78.00
Pre-tax (m) 1.7M
EPS 2.10p
P/E 4.3
PEG 0.1
EPS Grth. +37%

We will know the real figures on the 22nd June and I hoping for better than these already good forecasts for Oasis.

PpP: These are excellent numbers, considering my biggest holding, ELA has a negative EPS into the foreseeable future. And the chart suggests to me that this is a recovery play at or close to the bottom.
There is a problem with the huge spread, although this also is often a feature of a recovery play, and makes timing important.
But my main worry is with the big picture: I'm 50% liquid at the moment worrying whether the debt mountain is going to drag us all down, and if so, the small caps and AIM stocks are likely to suffer most. This may already be happening as we see many of the former darlings of this BB coming down to earth. I'm particularly surprised that RAB and CSB are afflicted, believing that these were more or less aloof, but obviously not.
Probably, recovery stocks, having already been mauled by other events, are less sensitive to the general ups and downs, so I continue to focus on them.
Any thoughts on the big picture?
sd.

Squidd nice results from APH today and given thats its May and going into the summer you can expect a lot of stocks down but there will be news from Oasis in June and if the figures are good and with a good statement from Lambert on the extra money available to invest and looking ahead to much better times and more profit the present price is a bargain.

Oasis Healthcare PLC
26 May 2005


For Immediate Release 26 May 2005

OASIS HEALTHCARE PLC

Preliminary Results Notification for the year ended 31 March 2005

Results Date: Wednesday 8 June 2005

On behalf of our client, Oasis Healthcare Plc ('Oasis' or the 'Company'), the
AIM-listed UK dental care operator, we notify the London Stock Exchange that the
Company will be announcing its Preliminary Results for the year ended 31 March
2005, on Wednesday 8 June 2005.

If you would like to attend a results briefing, please call Lisa Baderoon on
020 7466 5000.

PpP: Congrats; OSH leads my recovery front runner ELA by a length or two today, as the race continues to boost our wallets.
Thanks for postings on APH etc.
sd.

squidd Oasis is going up nicely before the results which confirms what I think that the corrective surgery has been done by Lambert and the outlook will be rosy.

squidd Oasis has to be in the lead now still rising strongly today ready for those results next week.

PpP: My favourite ELA was a faller, and my 2nd favourite CSB couldn't keep up, so watched OSH disappear over the horizon. Tis a credit to your research that this has occurred ahead of results on low volumes; hope others are watching.
Oh, and VLK is looking bright and frisky this morning.
sd.

squidd got a good new post on VLK now something picked up from another BB poster.

squidd results on this Wednesday for OSH and am hoping for news that the restructuring is all but finished and now very positive looking forward with more profit and more money available to grow the business and increase turnover above 80 million next year with higher profit levels.
Goldman Sachs buying in recently leads me to think the results will be bullish for the future.

squidd on reading the results a couple of times I can only come away with positive vibes the most exciting being they have 4 million cash to purchase new equipment and offer new high margin services and that the new cluster arrangements is already proving itself to be working well. I take the results as highly positive and the past mistakes written off this time to allow the future to be much better. The next results in 6 months time will offer an insight of how things have changed for the better and here's hoping that as Lamberts actions have shown benefit already he will keep us informed with regular updates before the results.

At present levels I am sure we can look forward to director buys coming in soon to show their faith of their actions.

Good and positive with the major restructuring over.

squidd just added summary info on the new Oriel report which gave a Buy recommendation on the 8th June 2005.

squidd, Oriel say March 2006 results should be 2M pre tax profit with EPS of 1.7p and say Outperforming. Oriel also say dividend in March 2008.

Investors Chronicle write up on 17th June says fair value at 11p and on the verge of profits.

If all goes well with Lamberts plans and utilisation improves along with recruitment then its positive, so we could and should expect a bounce up from next reporting when the news is good, in my opinion recovery confirmed but I would see IC will wait for next news before saying Oasis is good value, I am in now as you know while they are still very cheap.

They also recently got rid of the last person from the previous management that messed up in 2002/3 (the FD) so its all Lamberts team now.

On this one squidd I shall be adding now in July and August as I have faith in the progress made and the potential this has, short term will see small gains (some small drops no doubt) but mid term this will rise as the good news flows and dividends start.

IC had them as NAV 11p (taking off 45p to cover the debt) so 11p is fair value with all the historic bad news in (and no accounting for good news to come), from here the only way is up and my target is over 35p in 22 months from now.

squidd a move up today on a small buy which looks good.

Large rises in NHS charges makes this work more profitable for Oasis when they do it which is very good news but also makes the difference between NHS and private even smaller therefore leading to more people using Oasis.

http://news.bbc.co.uk/1/hi/health/4657355.stm

Added some more today as both OSH and UNG remain undervalued. Expecting a postive AGM statement soon from OSH followed by much improved interims in Dec and for me UNG and OSH will be providing good gains over the coming years as their value returns. Short term KUJ should provide upward movement on a return to profits at results any day soon now and positive outlook.

12th August 05 Growth Company Investor says Speculative Buy

http://www.growthcompany.co.uk

Looks like some others have caught on now after the GCI report on Oasis.

Up again, we must have some large buys coming later or news is in the pipeline.

Oasis Healthcare, the debt-laden dental practice owner, jumped 2p at 12p on a sales desk push by Corporate Synergy. After an upbeat meeting with Stephen Lambert, the former Punch Taverns boss who is now chief executive, the broker believes that Oasis could be on the turn after three terrible years, enabling it to start paying down its 39 million of borrowings from cashflow.


http://www.timesonline.co.uk/newspaper/0,,2727-1749483,00.html

Dates for the coming AGM and Interim added to the top, both should provide very positive news and outlook.

AGM on 20th September 2005 (Confirmed)

Interims on 30th November 2005 (Confirmed)

Given the infomation becoming available now I would hope for some detailed updates in the AGM statement, confirming that the cluster system is providing improved turnover and profits and that the benefits have been maintained through the first half.

Sounds fine and making progress.


20 September 2005
OASIS HEALTHCARE PLC
AGM Statement

At today's Annual General Meeting of Oasis Healthcare PLC the Chairman, Ron
Trenter, will make the following statement:

'Trading to the end of August was in line with Company targets and we are
pleased to report cumulative total revenues growing over the prior year. The
steps we have taken to create our new cluster infrastructure has improved our
ability to manage the business both now and for the future. We are undertaking
a number of projects that will improve further our service offer, in a
competitive environment, to patients and dentists. Recruitment and retention of good dentists remains, as always, a high priority for the business.'

The Board intends to give shareholders an update on further progress in a
pre-close statement which will be issued later.

Oasis's Interim Results will be announced on 1 December 2005.


Oasis Healthcare PLC
Stephen Lambert, Chief Executive Today: 020 7457 2020
Thereafter: 01603 625335

1.5 million cross trade today. We will know later what and who it was.

Oasis Healthcare PLC
20 September 2005

Oasis Healthcare plc (the 'Company')
Director Shareholdings

The Company has today been informed that on 20 September 2005 Stephen Lambert and Guy Blomfield, Directors of the Company purchased Ordinary 1p shares in the Company ('Shares') as follows:

Director No. Shares Price per Share
S Lambert 1,000,000 10.5 pence
G Blomfield 500,000 10.5 pence

Following these purchases, Mr Lambert has an interest in 1,350,000 Shares
(1.65%) and Mr Blomfield has an interest in 500,000 Shares (0.61%).


This information is provided by RNS
The company news service from the London Stock Exchange

Delayed trades confused today but looks like mostly buys, although small volume. Decemeber interims should see more action and more good news.

Some press coverage today;

http://www.timesonline.co.uk/newspaper/0,,2727-1791606,00.html

Oriel Resources reiterated their buy rating on the 21st Sept, same figures

http://scotlandonsunday.scotsman.com/business.cfm?id=1989092005

Dentists braced for success
DIRECTOR DEALINGS
PERRY GOURLEY

DENTAL practice group Oasis continues to look far and wide to recruit overseas dentists to its UK business.

Although it has bemoaned delays caused by red tape, it says it has a growing number of foreign dentists eager to work.

Last week it announced that trading was on target and its AGM was accompanied by two hefty purchases by directors.

New chief executive Stephen Lambert, who joined Oasis in August, spent 105,000 to raise his holding to 1.3m shares.

Operations director Guy Blomfield made his first purchase since joining the group in June, spending just over 50,000. He has been granted options over a million shares.

Some very strange trades yesterday. The one at 12p sticks out like a sore thumb based on all sells values of the past weeks and cannot have been a sell I think.

Good news !

Oasis Healthcare PLC
30 September 2005

Oasis Healthcare Plc

('Oasis Healthcare' or 'The Company')

Pre-close Trading Update

Oasis Healthcare Plc, the UK's largest operator of dental practices announces an update on trading for the six months to 30 September 2005 as foreshadowed at the Company's Annual General meeting. The Company's interim results will be
announced on Thursday 1 December 2005.

Trading

The Company's turnover, from a combination of both NHS and private income
streams, has risen on a year to date basis compared to the same period last year and as a result the Company anticipates that it will meet broker expectations.

The Company is investing in revenue enhancing projects at a greater rate than
last year and significantly in the new organisational structure which has
improved free cash flow generation, which in turn, permits this increased
investment.

The change management programme is proving very successful and the Directors are confident that the improved performance is a result of this redirection.

Stephen Lambert, Chief Executive commented:

'The Company performed well in the first half and I am pleased in the progress
we have made in driving forward the changes needed to improve the financial
performance. We still have much to do and I look forward to reporting in more
detail in December'
30 September 2005

Updated forecast

Oriel Securities 30th Sept 2005 BUY

2005 PTP 2.0M
2005 EPS 1.7p

2006 PTP 2.6M
2006 EPS 2.2p

Its looks good with the large director buys, then good update and new broker forecasts for a strong run in to the interims. I am getting more hopeful that the turnaround is real and Lambert is doing the things he was brought in to do, and well.

http://news.bbc.co.uk/2/hi/health/4293574.stm

Blair 'powerless over dentists'

Tony Blair has admitted he is powerless to increase access to NHS dentistry.
The government is increasing training places by a quarter and introducing a new contract to improve access - only half the population is registered.

But in an interview on BBC Breakfast News, the prime minister said there was no way of forcing dentists to do NHS work instead of private.

More than a third of English dentists' work is carried out privately - up from about a tenth 15 years ago.

Mr Blair blamed the rise on a new contract introduced in 1990 which effectively increased workload without a rise in pay.

The rise in private work has meant that many people have struggled to find NHS dentists with queues being seen in some parts of the country when a new practice opens.

However, the large number of unregistered people will also include those who have decided not to register themselves.

Mr Blair said dentistry was the "most difficult aspect of the NHS".

"We can't turn the clock back, because I can't force dentists to come back into the NHS."

The admission comes six years after the prime minister pledged to give everyone access to NHS dentistry within two years.

Preventative work

The government is attempting to remedy the situation by introducing a new contract in April which allows dentists to spend more time on preventative work in a bid to get away from the "drill and fill" culture.

The number of training places have also expanded by 25% this year, although it will be five years before those dentists graduate.

Nigel Cater, of the charity British Dental Health Foundation, said he could not see the situation improving in the short-term.

"I don't think you will see a rush of dentists coming back to the NHS, although the new contract may stop them leaving, and the new training places are going to take a few years to make a difference."

And Lester Ellman, of the British Dental Association, said the new contract may "lead to more dentists going private".

Only five and a half weeks to interims now, and I am expecting them to be very good, not only due to good performance from the cluster system but also due to IFRS, which will benefit Oasis greatly in their reporting. OSH is adopting IFRS from these interims I think, and that is ahead of schedule for AIM companies.

http://news.bbc.co.uk/2/hi/uk_news/scotland/4353860.stm

A nice article on the staffing problems as more go private then the NHS needs to get in more from abroad. This is good news for Oasis as they have suffered in the past from delays from the red tape, the more coming in should mean that the red tape gets streamlined and causes less delays.

You can see why Lambert is filling his boots as business must be good, I am looking forward to some excellent progress at interim results on the 1st Dec.


http://news.bbc.co.uk/2/hi/uk_news/england/north_yorkshire/4417644.stm

Patients left without a dentist

Hundreds of people have been left without an NHS dentist in a North Yorkshire market town. Letters have gone out to 1,600 patients of Ingrid Gill at Pickering's Birdgate dental practice saying she has retired because of ill health.
Her appointments have been cancelled and other dentists in the town are not able take on extra patients.
Health officials said NHS patients will have to travel 17 miles to a dentist in Scarborough.
Helen Stokell from the Scarborough, Whitby and Ryedale Primary Care Trust (PCT) said the two other dentists at Birdgate and the other NHS dental practice in Pickering did not have any spare capacity.

'Unfortunate situation'
Instead, Mrs Gill's patients are being asked to contact the PCT which will put them in touch with a dentist in Scarborough, a situation Ms Stokell described as "not ideal".
She continued: "This is an unfortunate situation but under the circumstances we at the PCT will do everything we can to make sure that all patients will be found another NHS dentist within the PCT area as soon as places become available."
There have been problems in Scarborough providing NHS dental cover with dentists being brought in from abroad to reinforce the service.
But the PCT said it had identified spare places at practices in the resort.

Interim results will be this coming Thursday, and I think they will be very good and warmly received, with a strong positive outlook.

I am hoping for some more coverage on OSH once the interims are released and December should be a good month I hope.

A nice move up today pre-results, so lets hope in the morning they are not just good, but very good when we get the interims results in the morning tomorrow ;)

Oasis Healthcare PLC
01 December 2005

Oasis Healthcare PLC

Interim Results for the period ending 30 September 2005

Oasis Healthcare PLC, the UK's leading corporate dentistry operator with 122
practices today announces much improved interim results for period ending 30
September 2005.

2005 2004 % Change
m m
Turnover 40.7 37.1 +10%
EBITDA* 3.5 3.0 +17%
Operating Profit m* 1.2 0.8 +50%
EBAT* 1.0 0.7 +55%
Earnings per share ++ 1.26p 0.81p +56%


* After absorbing additional cluster infrastructure cost of 0.5m for the six
months

++ Excluding goodwill amortisation


Operational

Changes implemented are delivering results and improved financial
returns

Cluster structure working well and providing strong base to expand

New NHS contract provides further opportunity to develop NHS
business

Re-negotiated our consumable supply contract achieving 0.2 million
in annualised savings

New Finance Director appointed


Financial

Operating cash inflow of 2.5 million (2004: 1.5 million) *

Revised debt repayment structure enabled 1.6 million of
capital to be spent on the business (2004: 0.6 million)

Considering impact of IFRS - should have positive implications due to
treatment of goodwill



Current Trading


Performance continues to be positive and prospects for the
second half year are encouraging

Stephen Lambert, Chief Executive, said:

'The management and structural changes we have put in place continue to deliver
operational and financial improvements to our performance. As this performance
accelerates we will continue to invest in dentists, improve customer services
and to build on the strong base the new organisational structure has
established.'

A good day and very good results, once a few more people take a good look at them, there should be more joining the list of holders. I will be adding more, and feel the next 18 months will be a big turnaroung for OSH.

From uk-analyst.com

Oasis Healthcare shares firmed 1.25p to 15p after interim numbers were accompanied by an upbeat trading statement. The corporate dentist reported a 10% rise in first-half revenues to 40.7 million pounds, from 37.1 million pounds previously, as EDITDA climbed to 3.5 million pounds, up from 3 million pounds. The group confirmed that current trading was positive and prospects for the second half were encouraging after the group cut its pre-tax losses to 131,000 pounds, from 493,000 pounds a year earlier.

New forecast from Oriel yesterday, new figures are in the header.

I will keep an eye on GCI, they had OSH recently as a speculative buy, so there should be an update before year end, and it should now move we hope to full buy rating.

If they are clever with reporting formats, year end could be much improved again with IFRS, with the removal of the goodwill burden, they could even state a reasonable size full year profit after tax as well.

From Scotland on Sunday;

"Two smaller cap stocks have caught my eye for very different reasons. The corporate dentist Oasis Healthcare's interim figures were accompanied by an upbeat trading statement. It reported a 10% rise in its first-half revenues to 40.7m. The group confirmed that current trading was positive and prospects for the second half were encouraging."

A small move up today which is promising, I think the short termers have gone and now we should see a continuation of investors.

Latest update from www.armshare.com

The interim results to September 2005 showed sales of 40.1 million (2004: 37.1 million), pre-tax loss of 131,000 (2004: 493,000) and adjusted EPS of 1.26p (2004: 0.81p). The ArmShare editor uses an Oasis practice which he had seen since its acquisition by Oasis lose operationally 'the eye of the owner'; the key to the success of Oasis is how to run a multi site operation and instil into the organisation structure the 'eye of the owner' within each practice - the current CEO was appointed in August 2004 and has installed the cluster structure referred to above, whereby each cluster comprises 4 to 10 practices and is run on a day to day basis by a cluster manager and a cluster clinical director. The editor met the CEO for the first time on 1st December and a full report of the data gleaned at that meeting will be provided shortly after getting clarification on a couple of issues. The company reported that its strategy is to grow sales organically - it achieved organic sales growth during the period of 10% (this from a practice base which had been shrunk from 125 in 2004 to 122) ; the period has absorbed 500,000 of costs associated with the cluster infrastructure; the operating cash inflow during the period was 2.5 million (depreciation amounted to 1.1 million and goodwill amortisation was 1.1 million); despite the 500,000 cluster infrastructure costs, the practice EBITDA (pre central costs) margin to sales has risen from 12.3% to 12.5%; and the board regards prospects for H2 as encouraging.
Research Standing
We said " With the heady days of expansion over, at least for the moment, its going to be a long course of treatment, as exertion of buying muscle and the drive for private patients opens a long road towards the necessary levels of returns. It hasn't been pain free yet, but when the current cavity is filled it may well be time for the healing process to begin."

Oasis has followed the well trodden buy and build strategy, and reached the stage where conventional business skills needed to be applied if the organisation was to deliver shareholder value. In 2004, the CEO who implemented the initial strategy left and his replacement (who joined in August 2004) brought in depth experience of running retail multi-site operations. This lead to the implementation of the cluster infrastructure referred to above - the early signs are that this is producing a virtuous circle of being more attractive to dentists, providing a better service to clients, organic sales growth and better margins. The ArmShare editor met the current CEO on 1st December and has a couple more issues to pursue, following which a fuller description of what appears to be a revitalised business will appear. If the virtuous circle is for real and with the company's present level of sales as a platform, it will become quite straightforward for the company to handle what presently looks like excessive borrowings totalling 40 million.

Watching trades, someone is starting now to pick up some big lumps at mid price, yesterday was one and now today another.