Extract from Times article :

http://www.timesonline.co.uk/newspaper/0,,2706-2217603,00.html

................OASIS IS COURTED

Shares in Oasis Healthcare leapt 40 per cent to 24p after the dentist chain said it had received several approaches to buy the company.

Oasis declined to comment further, but City sources said that venture capital firms, including Legal & General Ventures, 3i and HgCapital, were understood to be lining up bids at 30p to 34p a share in what is likely to be a hotly contested auction.............

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

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

About Oasis Healthcare

Oasis Dental Care Ltd, is the UKs leading operator of dental practices in the UK, with over 120 practices throughout England and Wales. A wholly-owned subsidiary of Oasis Healthcare Plc, Oasis aims to become the national dentist of choice for patients, staff and associates, providing a recognised and consistent service.

History of the business

Oasis has acquired well-established, profitable dental practices with potential for expansion which satisfy specific criteria in terms of size, operating performance and clinical capability. Through investment in new surgeries, practice refurbishment and marketing, supported by the introduction of specialist services, such as Orthodontics and Implants, and increased focus on customer service and higher quality private treatment, the Company expects to achieve significant growth in practice turnover and profitability.

Oasis has undertaken a period of rapid growth since it was established in 1996. The key milestones have been:

1999 Oasis made up of four practices
2000 Growth to 12 practices and listed on AIM
2001 Acquisition of a further 23 practices
2002 Growth to 65 practices
2002 Acquisition of Ora Dental Group Ltd with a further 10 practices
2003 Acquisition of Dencare Management Group Ltd with a further 36 practices
Today Total estate of over 120 practices

The Oasis vision

Our vision is to be the national dentist of choice for patients, staff and dentists, providing a recognised and consistent service.
We aim to harness the capability of over 120 practices whilst recognising that dentistry is a local business which must respond to local needs. Our cluster model provides the balance required for our network of over 500 dentists and 1300 staff.
To meet our strategic vision we have therefore moved away from an overtly centralised business model to one structured into 21 geographically-based clusters of up to 10 practices.

The cluster model

Each cluster is run by a full-time cluster operations manager and a part-time cluster clinical director. This balanced management team - who are fully profit & loss accountable with the authority to make the majority of day-to-day capital expenditure decisions - ensure the application of local knowledge. This structure also ensures that staff and associates work in a culture of belonging to a wider Oasis community. This has a number of benefits:
optimisation of internal referrals
focus on local recruitment activity
sharing of resources, experience and best practise

Acting as a corporate body

Alongside the cluster teams we have five regional dental directors as well as the central clinical Board, formed of a majority of senior dentists. This team is charged with the construction and maintenance of our clinical governance framework, and to determine clinical support for the services we provide.
Our commercial team meanwhile focuses on optimising the commercial gains from our size and scope, including optimising supplier deals and implementing new products and services across the estate.

The future

In the short term Oasis will focus on the continued implementation of localised clustering and optimisation of profit from the existing estate. In the longer term we anticipate embarking on a structured acquisition strategy. We are confident that our vision and strategy will allow a success to be made from the corporate dentistry model.

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%)

Here is the latest (June 06) update from http://www.armshare.com

The company broker's note dated 31st May 06 projects fully taxed adjusted EPS of 3.3p for 2006/7, 4.1p for 2007/8 and 4.9p for 2008/9 representing P/Es of 4.5, 3.6 and 3.0 respectively based on the share price of 14.75p at 31st May.

"
The final results to March 2006 showed sales of 82.5 million (2005: 74.9 million), operating profit of 2.4 million (2005: (384,000)), pre-tax loss of 366,000 (2005: (2.9 million)) and adjusted EPS of 3.36p (1005: 1.78p). The company reported that the growth was achieved from 122 practices (2005: 125); practice EBITDA was 10.9 million (2005: 9.1 million) representing 13.2% of sales (2005: 12.1%) - there are a number of practices, particularly within Greater London, which are achieving under 10% (compared with the target of 15%) and for which strategies are being formulated to deliver improved performance over the current financial year; capex was 4.2 million, of which 1.2 million related to 8 new Welsh practices and 2.9 million was on modernising 36 surgeries; debt was reduced to 37.0 million (2005: 39.5 million); working with Kodak, a new clinical IT system is being developed which will, for example, enable the viewing of patient records by both the referring dentist and the relevant specialist, irrespective of geography.

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."

The company broker's note dated 31st May projects fully taxed adjusted EPS of 3.3p for 2006/7, 4.1p for 2007/8 and 4.9p for 2008/9 representing P/Es of 4.5, 3.6 and 3.0 respectively based on the share price of 14.75p at 31st May.

COMPANY MEETING

ArmShare met the current CEO on 1st December 2005. 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 - these early signs were endorsed by the final results to March 2006. Continuation of the virtuous circle will make it quite straightforward for the company to handle what presently looks like excessive borrowings totalling 37 million at March 2006 (2005: 39.5 million). "


__________________________________________________________________

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
_______________________________________________________________

Links :

Wales Feb 2006 Link

From uk-analyst.com 1st Dec 05

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.

From Scotland on Sunday; 04/12/05

"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."

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.

Oasis blue today. For me this is the final year that OSH may stay cheap, once we get into 06/07 financial year then the recovery is a done deal.

05/06 I think will still see the stock being cheap, but not by the December interims I think.

Blue today, nice to see considering a number of small sells in the past 7 days, should not really move up unless there is a large buy to come some time soon.

dont waste youre money

Nice tick up today. When the CEO recently spends over 100K buying shares, I think its most definitely not a waste of money :)

And another tick up at the end as well :)

An interesting post from Stewpot to me elsewhere, and to add to his thoughts, I would add that IFRS reporting is going to have a very beneficial effect on the OSH books. Half way through a 3 year recovery, and 18 more months of progress to go I think.

Stewpot,13Jan06

Just to give you a break from talking to yourself PP, I will add a few comments. Despite a lot of Dentists worrying about NHS contracts with their local PCT's, they will all be resolved by April 1st, and the profession will settle down. Most of these contracts are very favourable, as the government continues to throw money at Doctors and Dentists in an effort to shore up the 'front line'. The contracts mean that all NHS practices will have guaranteed incomes, the bottom line becomes more predictable, and the value of those practices will inevitably rise. Why will they rise? Because no-one will be able to set up a new practice without the local PCT's blessing, and they will want them to set up in deprived areas only, not in nice middle class areas already covered.
What does this mean to the corporates like Oasis? Firstly they have an existing portfolio of practices whose underlying value is set to soar. Secondly they have the purchasing power to move in on the best NHS practices with the best contracts, as these practices become out of the financial range of most individual Dentists. Already the opposition, 'Independant Dental Holdings' have indicated that they are starting to 'aggressively pursue' additions to its portfolio. The only problem is the shortage of dentists, and this is slowly being resolved as they pour in from all parts of the world when they see what they can earn here.
The bottom line is that this stock is set to go through the roof. It may not happen until the summer when things become a little clearer, but it will happen. Get in now!

Its good to see also that Oasis are offering to take in new partners and acquire, they should be having plenty of cash now, with cash generation growing well.

http://www.oasisdentalcare.co.uk/join/recruitwithlists/index.php

Recruit with Lists
We are interested to hear from all dentists regardless of circumstances, including sole practitioners or small partnerships, who would like to remove the burden associated with running a practice in todays legislative climate. Alternatively, if you simply want to realise the value on your current property and then utilise a surgery within a local Oasis practice, we would like to hear from you.
We have completed many successful mergers where dentists have joined Oasis with lists of active patients, and we currently have many opportunities in private, NHS and mixed practices throughout our estate.
We will offer an extremely competitive deal to you, which is likely to include an attractive payment for the goodwill of your business and a high share of income with performance-related bonuses. You will also be given comprehensive clinical and commercial support to ensure a successful integration so that you and your patients, plus any staff or colleagues who may also join, are happy with the move.
Once you and your patients have settled in, like all Oasis dentists, you will be able to benefit from opportunities to develop and progress. Our practices work together in local clusters to benefit our teams with improved networking, increased referral activity, comprehensive clinical and business management support, targeted investment and local decision-making.
To find out more about the opportunities available within Oasis, or to discuss our attractive packages, contact your local Business Development Manager:

- Debbie Bowers (Midlands)
- Jane Feierabend (South-West)
- Kim Leivers (North-East)
- Richard Holmes (North-West)
- Russell Trenter (South-East and Home Counties)
- Sam Debenham (Greater London)
_____________________________________________________________________

http://www.oasisdentalcare.co.uk/join/acquisitions/

Acquisitions
Oasis is continuing to expand and is looking for suitable practices throughout England and Wales.
If you are interested in joining the most progressive dental company please send a letter with the details about the size (financial highlights, number of surgeries), scope (potential for growth in terms of practice facilities and local market) and mix (NHS/private/private capitation) of your practice, together with the best way to contact you to the address below.
We will follow up all enquiries with a letter, either thanking you for your interest or asking for further information. Send your practice information in confidence to:

Jacqui Carter jacqui.carter@oasis-healthcare.com
Oasis Healthcare Plc
69-75 Thorpe Road
Norwich
NR1 1UA

Given the move up end of day Friday, its possible there could be some news coming, they indicated they wanted to add some profitable practises as they were going to have a spare 4m cash to spend end of last year, could we see some news on this coming. If the others are trying to buy top ones, maybe OSH are too, and news is around the corner ? Either that or a new research note might be on its way.

A good post elsewhere that re-enforces the theme that OSH has plenty of upside when it comes to revaluing their property assets, as you see below IDH value has gone up massively from 2004 delisting to Jan 2006. What would Oasis assets be valued at now if the company were to get everything revalued ? ;



'FOR SALE,
Dental stake Neeeds Filling
Luke Johnson is looking for a buyer for his 30% stake in Integrated Dental Holdings.
Johnson led consortium to take IDH off stockmarket in 2004 for deal 25million. Today the business is valued between 50 million and 70 million.'

I have slightly abbreviated article, page 3 ST business section.

Nice to see the rise continuing, here is hoping another large director buy order has gone in.

Did well on the day so far for OSH, something is stirring.

Couple of links to read, industry related ;

Link 1

Link 2

On the move up again........

Looks like the expansion into Wales is going well, this should boost 2006/7 figures, so apart from decent prelims in June, we should be on for impressive growth come interims in December


New surgeries to tackle NHS dentist crisis Feb 27 2006
By Tom Bodden, Daily Post

UP to 18,000 new NHS dental places are to be created in North West Wales.

Gwynedd local health boards are in talks with a company aimed at opening two new NHS surgeries.
The move follows years of dwindling NHS cover in the region, with patients travelling hundreds of miles to see a dentist.
The Gwynedd scheme also comes after the announcement of a similar programme in Flintshire which will create up to 37,000 NHS places. Another scheme in Denbighshire is expected to cater for up to 20,000 NHS patients.

And more than 27,000 new NHS dental places could be created in Conwy if talks between the Assembly, Conwy's local health board, two Colwyn Bay dental practices and a separate private company go well.
Access to NHS treatment across North Wales has reached crisis point as more and more dentists turn private.

Gwynedd health chiefs hope the required planning permission will be given for new surgeries within the next seven to 10 days.
Gwynedd LHB spokeswoman Heather Merrick said officials were working with Oasis Dental Care on the plans for new surgeries in Caernarfon and Penrhyndaedraeth, both with up to four dentists' chairs..
If approved, the facilities would open in stages, eventually treating up to 18,000 additional NHS patients.
Talks are also under way with every dentist in the county over a new NHS contract due in April.

Health bosses hope to negotiate small numbers of extra NHS places.
Two practices in Bangor are among those which agreed new Personal Dental Schemes.
Oasis Dental Care is already working on schemes with four local health boards in North Wales.
The new NHS dental contract is due to start on April 1 but some dentists remain unhappy at the terms and conditions.
"We have visited every single dentist in Gwynedd to negotiate a contract for next year, asking if anyone is able to provide any additional services," Ms Merrick said.
"Some have indicated that they may be able to depending on funding from the Assembly."
Denbighshire local health board is negotiating with Oasis to open two new surgeries at Rhyl and possibly Denbigh, depending on planning approvals, with eventual scope for 20,000 more NHS places.
David Johnson, the Denbighshire LHB assistant director of primary care, said a number of Personal Dental Service contracts with practices should begin to ease the shortfall in coming months.
Neighbouring Flintshire LHB has already announced an agreement with Oasis Dental Care for three new surgeries at Flint, Deeside and Mold with the potential to treat 37,000 NHS patients.
Oasis has also identified a location in Old Colwyn which could house eight additional dentists and provide around 15,000 registrations, while two existing dental practices are looking to open a further six dental chairs which could see a further 12,000 NHS registrations in Conwy county.

Oasis has more than 120 practices nationwide, including Wrexham and Chester.



Wales Feb 2006 Link

http://tinyurl.com/s8rod

Dentists invite patients to sign up by text Mar 22 2006
By Roland Hughes, Daily Post

MORE than 80,000 North Wales people will be able to sign up to a new NHS dentist from today - by text message..
Eight new NHS dental practices will open in four North Wales counties next month, with no need to queue around the block to sign up.
Patients will be able to sign up online or by sending a text message to the company behind the scheme, Oasis Dental Care.
Flintshire will see the biggest change, with 15 new dentists starting work from next month in practices in Mold, Ewloe and Flint.
New practices in Rhyl, Denbigh, Caernarfon and Penrhyndeudraeth will get four dentists each, with eight dentists coming to a new practice in Colwyn Bay.
The scheme came to fruition after Norwich-based company Oasis Dental Care won a tender put out by four North Wales Local Health Boards.
Pat Langley, clinical director at Oasis, said, "We are delighted to have this very exciting opportunity to make dental care available to the local populations of North Wales.
"We recognise that these communities have sometimes waited a very long time for adequate access to dental care.
"Whilst we will do all we can to ensure that everyone who wants to be seen is, potential applicants should be aware that it can take anything up to two years for a new practice to see the total volume of patients it can serve."
Oasis hope the unique way of signing up new patients will avoid people queuing outside the surgeries for hours in the hope of gaining a place.
Caron Best, project manager with Oasis, said: "Because of the scale of the exercise, we knew that if we just gave people the options of turning up at the practice or using the phone, people would get fed up."
People who want to join will be chosen at random, with no guarantee of getting a place if you sign up.
Potential patients will be given two weeks' notice to go to the surgeries for initial check-ups before joining up.
The company runs another 120 surgeries across Britain, and is responsible for 650,000 NHS patients.

Oasis Healthcare PLC 03 April 2006

Oasis Healthcare Plc
('Oasis Healthcare' or 'The Company')
Pre-close Trading Update

As it enters a close period ahead of its preliminary results, Oasis Healthcare
Plc, the UK's largest operator of dental practice announces an update on trading for the twelve months to 31 March 2006. The company's preliminary results will be announced on 31st May 2006.

Trading
The Company's turnover, from a combination of both NHS and Private income streams, has risen compared to the same period last year and as a result the company is pleased to report that trading for the year ended 31 March 2006 has been in line with market expectations.

As a result of the concerns and uncertainties being felt by dentists surrounding the biggest change in NHS dentistry since 1948, we have experienced some slow down in activity during the last few weeks, however all of the Oasis Practice based contracts with the various Primary Care Trusts have been signed by the due date and will provide a more evenly balanced spread of income for 2007.

Stephen Lambert, Chief Executive commented:
'The benefits of the new organisational structure continues to deliver the
desired operational improvements both in terms of turnover growth and practice efficiencies. The current uncertainty about the new NHS contract has had a marginal impact on the final quarter's trading. In this context, Oasis is very well placed to optimise any reallocation of funds from independent dentists who chose to leave the health service. As a result, we remain confident for the future and look forward to continued growth.'

3 April 2006
Enquiries:
Oasis Healthcare Plc
Stephen Lambert, Chief Executive Tel: 01603 599601
Guy Blomfield, Operations Director

Interesting we now have 4 MM's now, the new one ARBT joining this morning on the bid at 13p......and in effect showing a mark down.....

Couple of posts from AF for info :


Stewpot2 - 6 Apr'06 - 18:14

Everything signed and sealed, contracts set in stone with the PCTs for the next 3 years, private sector flourishing like never before. Their main rivals attract private equity, how long before this is gobbled up? Dip your bread now before its too late.

PapalPower - 7 Apr'06 - 02:11
I agree Stewart, its very confidence boosting that everything is proceeding well. I think the market might wake up to this one after the prelims and later interims this year. Happy to hold and top up !

And this is the latest update from www.armshare.com

"The April 2006 pre-close update re the final results to March 2006 reported that trading has been in line with market expectations; with the uncertainty surrounding the biggest change in NHS dentistry since 1948, there has been some slowdown in activity in the last few weeks, but all of the Oasis Practice based contracts with the various Primary Care Trusts have been signed by the due date and will provide a more evenly balanced spread of income for 2007. "

http://tinyurl.com/sxbfm

Dentists' ring of confidence
07 April 2006

Norwich's Oasis Healthcare, the UK's largest operator of dental practices, has reported steady performance - with profits expected to be in line with expectations.

The company, which has had a rocky couple of years, said its income from both private and NHS dentistry had risen in the last year.

It added: As a result of the concerns and uncertainties being felt by dentists surr-ounding the biggest change in NHS dentistry since 1948, we have experienced some slowdown in activity during the last few weeks.

But all of the Oasis practice-based contracts with the various primary care trusts have been signed by the due date and will provide a more evenly balanced spread of income for 2007.

Chief executive Stephen Lambert said: We remain confident ... and look forward to continued growth.

Oriel Securities 6th April 2006 BUY

2005 PTP 2.1M
2005 EPS 1.8p

2006 PTP 2.7M
2006 EPS 2.4p

http://www.eveningleader.co.uk/ihome3/detail.asp?storyid=939&officeid=1

New dental surgeries launched

TWO new dental super surgeries have been launched, with a third on the way.

Oasis Healthcare has experienced a registration frenzy as thousands of people sign up for new NHS dental places in Flintshire

New practices are at the Lakeside Business Village, St Davids Park in Ewloe, and at Acorn Business Park, Flint, while the new surgery in Mold will also open soon. Oasis say patients from all three sites have already been seen.

Wales project leader Caron Best said: The Ewloe and Flint practices saw their first patients on March 31. We have experienced a high demand on available places and we have had a significant number of people signing up.

The three surgeries will provide an extra 40,000 NHS places for Flintshire residents. Coupled with the expansion of seven county practices, the move will add 50,000 new places to current levels helping to ease the crisis facing Flintshires health service.

Thousands of residents were axed from treatment lists over the past two years, as dentists quit the NHS. Oasis was chosen by Flintshire Local Health Board above its rivals to help take the countys dentistry provision forward.

http://www.harboroughtoday.co.uk/ViewArticle2.aspx?SectionID=760&ArticleID=1454361

Dentists fill gap in care for children 21 April 2006

A PRIVATE dental practice in Harborough is taking on 400 extra children as NHS patients.

Oasis Dental Care in St Mary's Road has been able to provide the extra places, up from 800 to 1,200, under the new NHS contracts which came into force earlier this month.
Part of the scheme is a 12-month pilot project that will see one of its dentists, Dr Damien Kirk, treat children at the practice on Saturdays.
An extra dentist, Dr Matthew Perkins, is also being employed to take on some of the extra work. He is coming from an Oasis practice in Brackley, Oxfordshire.
Melton, Rutland and Harborough Primary Care Trust took over provision of dental treatments on April 1 and has negotiated with practices to secure NHS services.

The Government gave the PCT 1.4m to commission dental services in the Harborough district, which has passed on some of this money to Oasis so the practice can take on the extra patients who must be aged 18 or under.

The PCT will not reveal the amount paid to Oasis because it is commercially confidential information.

Clare Medhurst, Oasis manager for Leicestershire, Northants and Warwickshire, said: "We are able to provide for the extra patients by taking on a new dentist and by one of our current dentists working on a Saturday."
Louise Proctor, the trust's director of primary care and community services, said: "We are working hard to increase access to NHS dental services in this area. I am very positive about the opportunity we now have to improve local access to NHS dentistry."

Moving up today......

And up again today too :)

And up again too, certainly some positive sentiment coming back.

L2 is 2 v 1

21K delayed reported buy come through, now sitting in the sell column but its a buy at 13.88.

Small for causing a tick up, which might point to a lack of spare stock at the moment, I hope so, might get some decent moves upwards then into the results due June time.

Steady and strong waiting for the results :) Due early June I think.

Interesting post from another board :

Stewpot2 - 16 May'06 - 17:21

In answer to the query about manpower, the vacancies section in the British Dental Journal was always about 3-4 pages full, and getting an associate dentist was a nightmare. Recently, there is roughly one page of vacancies and they are not reappearing in the next issue. There is no shortage of dentists now for the first time in a generation. They are continuing to flood in from all parts of the world, attracted by the potential high earnings. The Polish contingent are particularly highly thought of. I think Oasis must be nearing full capacity.
Working for a corporate has its pluses and minuses, as has working for an independant dentist. However, there is a serious shortage of decent practices to buy, and both IDH and Oasis have started to agressively pursue those that are available. This will inevitably force prices up, again evidenced by the ads in the BDJ. Prices have virtually doubled in some instances in the last 18 months. Difficult to see any downside at present, and the grapevine tells me that they are about to make an announcement about a major development with a large PCT, which may have something to do with the recent volume.
Further down the road I can see this little cherry being swallowed by something much bigger!

Some good posts at AFN, so here is a summary of them :

irrationalexuberance - 15 May'06
If I may join this debate...last I heard, the big picture structural issue here was a lack of dentists, surgeries running at only 60%'ish capacity. Combination of acq'd dentists leaving after their 2 year earn-out and difficulty finding any to hire who speak english. All the brouhaha on new contracts, threatened strikes etc can't be helping on the hiring front. Plus general issue of whether you are better off in your own practice vs corporate structure. Anyone got any insight into the likelihood of filling this excess capacity? That seems to me to be the real potential upside to earnings.
ps can anyone recommend a good bulletin board to read the dentist chat on this stuff? thanks.

Stewpot2 - 16 May'06 - 17:21
In answer to the query about manpower, the vacancies section in the British Dental Journal was always about 3-4 pages full, and getting an associate dentist was a nightmare. Recently, there is roughly one page of vacancies and they are not reappearing in the next issue. There is no shortage of dentists now for the first time in a generation. They are continuing to flood in from all parts of the world, attracted by the potential high earnings. The Polish contingent are particularly highly thought of. I think Oasis must be nearing full capacity.
Working for a corporate has its pluses and minuses, as has working for an independant dentist. However, there is a serious shortage of decent practices to buy, and both IDH and Oasis have started to agressively pursue those that are available. This will inevitably force prices up, again evidenced by the ads in the BDJ. Prices have virtually doubled in some instances in the last 18 months. Difficult to see any downside at present, and the grapevine tells me that they are about to make an announcement about a major development with a large PCT, which may have something to do with the recent volume.
Further down the road I can see this little cherry being swallowed by something much bigger!

muffinhead - 17 May'06 -
The associate % is the key issue. Positive profit margins/share will happen if associates sign new oasis contracts by end July. Associates on a 40% contract will translate into a 10% profit margin on gross turnover. That's to be expected from any average company. What multiple of earnings would you value such an increase in profitability? 20, 40

Stewpot2 - 18 May'06 -
Oasis has around 120 practices. The average turnover would be about 500,000 for each practice, some much larger. A 10% increase, or 50,000 per practice, would add 6 million to their bottom line. Agreed?

Stewpot2 - 20 May'06 -
I read the recent articles in Dentistry mag., and it appears that Oasis are taking a very tough stance over this issue. To quote one anon. dentist " despite pressure from the BDA and legal representation they are adamently refusing to even alter the basic clauses of concern, let alone the financial issues". "They do not seem to mind the idea of losing most of their dentists."
What does this tell you? It tells me that they are prepared to accept short term pain in return for long term gain, and that they are confident that they will replace the ones that walk, and I tend to agree with them. Equally, the ones that do walk may find it more difficult than they think as vacancies become less and less, particularly in the areas that they want to work in.

PapalPower - 21 May'06 -
I would take a number of items from this present situation, for the bullish side of things :

1/ Firstly, management that is not afraid of some short term pain for long term gain and increasing the value of the shareholders investments (funny but strikes and stuff nearly always lead to a rise in the SP owing to this)

2/ Secondly, by the very fact that dentists have not all just left, but the majority have signed up, it points to the contract being fair.

3/ By the very fact that those who have not signed, are figthing with Oasis to change aspects of the contract, and not just leaving, points to the fact they think the Oasis system works well, and want to earn their money by being part of it, however, they just want a bigger slice, so another vote of confidence coming from the very people trying to cause the upsets.

4/ The reversal on BB's from people saying sell to now saying buy (those "P"'d off dentists), a sign that they know these changes will make a big change to Oasis cash and profit generation, to the plus side, and as such, OSH is looking very undervalued moving forward.

5/ Another positive sign of the availabilty of dentists etc. is again the sign that those under Oasis not willing to sign presently, are concerned that the changes going on now make them feel Oasis could simply in the coming months replace them all, no longer a problem getting hold of people, the "hold back" factor of staff availability is now looking to be no longer a factor, which is probably also why OSH have chosen this timing to get the new contracts into effect.

I would stick with my 36 month estimates of 18 months ago, which now means in 18 months time I expect these to be well over 30p, and potentially over 40p :)

Well, its results day today, lets have a look at them and the outlook statements.

http://www.investegate.co.uk/Article.aspx?id=200605310701117995D

Oasis Healthcare PLC
31 May 2006

Preliminary Results for the year to 31 March 2006



"Marked upturn in financial performance
Like for like sales growth of 13%
Group EBAT growth of 80% to 2.4 million
Debt down by 2.5m - now reduced to 37.0m
EBITDA to debt multiple improves to 4.9 times from 6.5 times

Strategy delivering profitable growth
Clustering strategy continues to deliver benefits
Recruitment easier
All NHS-providing practices successfully transitioned to new fixed income contracts
Refurbishment & development of 36 surgeries
Performance related incentives in place
Investment in dentist training reaping rewards

A growing and better quality estate for 2006/7
A stable and highly operationally leveraged business
8 new practices with 5.2m of fixed NHS annual turnover (39 surgeries) now opened
Further negotiations for new practices underway
Growth financed from cash flow
New standard dentist contracts to commence in July
Group expanding into a growing market place

Current trading continues to be strong

Stephen Lambert, Chief Executive, said:
These are very good results. Our clear strategy has enabled us to stabilise and
to grow the business. We are now in a very strong position to take Oasis
forward. We are operating in an increasingly attractive and growing market place for dental corporates, where Oasis is positioned to develop both its NHS and private businesses. The current year has started very well, including the award of a 0.5m contract to develop a new practice in Chepstow. We look forward to reporting continued progress."

PP,

Agree a growing market with lots of opportunity but only real concern is the large debt (37m), which will take them a fair few years to clear, particularly if paying off 2.5 - 3m a year.

silvermede, the should reach a point soon where paying of the debt becomes very simple. We should see good increases in turnover and cash generation this year and next, and generating so much cash, and in increased amounts, is going to then make paying it off a simple matter. Thats the plan.

Nice to see some people have digested the results and seen the opportunity, a nice end of day rise there, and should be some more to come as well.

Here is the latest (today) update from http://www.armshare.com

"
The final results to March 2006 showed sales of 82.5 million (2005: 74.9 million), operating profit of 2.4 million (2005: (384,000)), pre-tax loss of 366,000 (2005: (2.9 million)) and adjusted EPS of 3.36p (1005: 1.78p). The company reported that the growth was achieved from 122 practices (2005: 125); practice EBITDA was 10.9 million (2005: 9.1 million) representing 13.2% of sales (2005: 12.1%) - there are a number of practices, particularly within Greater London, which are achieving under 10% (compared with the target of 15%) and for which strategies are being formulated to deliver improved performance over the current financial year; capex was 4.2 million, of which 1.2 million related to 8 new Welsh practices and 2.9 million was on modernising 36 surgeries; debt was reduced to 37.0 million (2005: 39.5 million); working with Kodak, a new clinical IT system is being developed which will, for example, enable the viewing of patient records by both the referring dentist and the relevant specialist, irrespective of geography.

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."

The company broker's note dated 31st May projects fully taxed adjusted EPS of 3.3p for 2006/7, 4.1p for 2007/8 and 4.9p for 2008/9 representing P/Es of 4.5, 3.6 and 3.0 respectively based on the share price of 14.75p at 31st May.

COMPANY MEETING

ArmShare met the current CEO on 1st December 2005. 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 - these early signs were endorsed by the final results to March 2006. Continuation of the virtuous circle will make it quite straightforward for the company to handle what presently looks like excessive borrowings totalling 37 million at March 2006 (2005: 39.5 million). "

L2 3 v 1 @14/16.5

Up again, looks like more people like the results after digesting them :)

To go with this "The company broker's note dated 31st May projects fully taxed adjusted EPS of 3.3p for 2006/7, 4.1p for 2007/8 and 4.9p for 2008/9 representing P/Es of 4.5, 3.6 and 3.0 respectively based on the share price of 14.75p at 31st May." one should also not forget that IFRS reporting comes into effect for Oasis now, and that makes a very big difference to books, in terms of Goodwill etc...

With the kind of growth forecast, with the kind of earnings and cash being generated, and now with IFRS accounting which will make the books much more healthy, should Oasis be on such low earnings multiples ??? I think not

Up again, L2 is 2 v 1 @15/17

Up again and going well :)

Latest Broker Fct/Rec :

Oriel 31st May 2006 BUY

2006/7 PTP = 3.9m
2006/7 EPS = 3.3p
2006/7 DIV =

2007/8 PTP = 4.8m
2007/8 EPS = 4.1p
2007/8 DIV = 0.3p (return to paying dividends)

Moving up some more. Does seem to be a shortage of free stock around, DYOR !!

L2 1 v 1 @16/17.5

Someone definitely buying lots of OSH up and wanting more....... :) Up she goes....again.

Up on the bid now, after earlier up on the offer.

They do seem very short of stock on OSH.......... :)

6.7 million and 1.7 million X trades on OSH @ 20p after close, both since deleted, but still showing at the moment on AFN trades page under "DEL" deleted heading.

If we have a large buyer accumulating it will explain the shortage of stock and difficuly in buying with the price being pushed upwards on small buys.

The 6.766 million X trade may be someone buying out the complete holdings of BLS Holdings Ltd, and the other X trade of 1.7 million I do not know.

What it does mean is someone has purchased 10% of the company at 20p per share.....we all know that going forward given progress to date and coming, now is the time to takeover Oasis before the recovery really kicks in, so perhaps someone is getting ready to make an approach now, rather than have to pay a hell of a lot more money next year or the year after even more again.

May not be what I am thinking, but I would class at the present price and with present prospects Oasis as being a potential takeover target.

Those 2 big X trades on OSH (showed as X then deleted yesterday) are now back today as L trades..... :) Late reported...LOL. Trying to hide the fact they are X trades and also above the offer price......pointing to...well....things going on :)

WHAT HAVE I BEEN SAYING !!

Oasis Healthcare PLC
08 June 2006

Oasis Healthcare Plc
Comment re share trades

The Board of Oasis Healthcare Plc notes the trading of more than 10 per cent. of its issued capital this morning. The Board advises that it has received
preliminary expressions of interest to acquire all the share capital of the
company. It is evaluating the position with its advisers, Oriel Securities
Limited, and will make a further announcement in due course. There can be no
certainty that any offer will be forthcoming.


8 June 2006
Enquiries:
Oriel Securities 020 7710 7600
Andrew Edwards
David Arch

I reckon it should not be less than 40p a share, if its less than that then its not worth it......thats my thoughts :)

Giving it a good shake, I really am surprised that people sell so easily.......

PP, good call on OSH a rare bit of blue today!

If you look at the chart, there are a lot of people holding from 40p levels, and a lot of free float out there. Surely will have to pay a handsome price to gain control I think :)

Love a bidding war......and some people with deep pockets mentioned there :) 40p at the end ? I hope so.....its worth more than 34p ;)


Extract from Times article :

http://www.timesonline.co.uk/newspaper/0,,2706-2217603,00.html

................OASIS IS COURTED

Shares in Oasis Healthcare leapt 40 per cent to 24p after the dentist chain said it had received several approaches to buy the company.

Oasis declined to comment further, but City sources said that venture capital firms, including Legal & General Ventures, 3i and HgCapital, were understood to be lining up bids at 30p to 34p a share in what is likely to be a hotly contested auction.............

I still reckon a chance of 40p or more.........if they start offering at 30 to 34 and a bidding war and auction starts....could well meet my preferred target :)

Easy money buying now with a bidding war coming :) I think so .. ;)

For all those selling at 24p, I have a number of 5 pound notes I am wanting to swap for an equal number of 10 pound notes........interested in a 100K of 5's for a 100K of 10's ??? LOL ;)

5 way bidding contest then now :) Small extract from news report below, full article in the link at the bottom.

............"One of the potential bidders for dentistry group asis Healthcare may have been revealed. Yesterday rival dental company ADP Holdings - owned by the management and private equity group European Acquisition Capital - said it had bought Oasis shares at 24.75p and had a total stake of 12.91%. On Thursday Oasis revealed it had received expressions of interest in buying the business, with L&G Ventures, 3i, Hermes and Electra said to be among the other potential bidders. Oasis slipped 1.75p to 24.25p.".......

http://business.guardian.co.uk/story/0,,1794379,00.html

30p is where it starts, I still reckon a good chance the final price will be 40p a share or near to once a bidding war gets underway :) The patient will be rewarded I feel, those to jump first just threw money away selling at 24p.



From The Times
Bolder investors are rewarded as dental chain finds taste for Oasis
By Nick Hasell

Smaller capitalisation shares

A PRIVATE equity-backed chain of dental practices has emerged as a 12.9 per cent shareholder in Oasis Healthcare a day after the AIM-listed company admitted receiving preliminary bid approaches.
The high debt burden of the Norwich-based Oasis which had 37 million of borrowings at March 31 has meant that the 120-strong chain has not been a stock for widows and orphans. Bolder investors were rewarded for their bravery this week when Oasis, faced with a mystery investor trying to mop up its shares, conceded that it had received predatory interest.

That buyer broke cover yesterday, with Associated Dental Practices (ADP) confirming that it has acquired 10.5 million shares through KBC Peel Hunt at prices up to 24p. Followers hear that ADP, which runs 41 outlets from Reigate, may not bid itself. Rather, the small-cap rumour mill suggests a private equity house is a more likely acquirer, with the likes of 3i, Electra, Hermes and L&G Ventures tipped to come forward with an offer of at least 30p.

That would make ADP a winner on two counts. Not only would it make a profit on its stake, but also a 30p-plus exit price would set a benchmark for its own valuation. ADP has been owned by European Acquisition Capital for four years. It is thought to be mulling a float or trade sale. Oasis eased p to 24p

RNS Number:4217E
Oasis Healthcare PLC
12 June 2006
Oasis Healthcare Plc

Comment re preliminary expressions of interest

On 8 June 2006 the Board of Oasis Healthcare Plc announced that it had received preliminary expressions of interest to acquire all the share capital of thecompany. The Board advises that, whilst there can be no certainty that any offer will be forthcoming, one of these expressions of interest is at a level significantly above Friday's closing market price of 24.25p.

The Board believes that the company is increasingly operating in a more attractive marketplace and that, following the actions that the management have taken, Oasis is in a strong position to move forward.

Therefore Oasis has excellent prospects and the opportunity to create significant value for shareholders.

The Board believes that any offer should value fully the future prospects of the business.


12 June 2006

Nicely up again, still looking for my 40p target :)

Good OSH has put me in first place (at the moment) in the June 06 stock challenge :)

http://www.stockchallenge.co.uk/typo/stockchallenge/site/index.htm


I still think its a no brainer to buy OSH, and still look for 40p levels or more for the takeover......any decent buys push the price straight up, they are just trying to suck in weak sellers at cheap prices at the moment on poor market sentiment, my thoughts anyway.

Still happily sucking up the sellers willing to sell below 30p today.

This was written when the price was 30p yesterday, look at the the forward earnings and you can see why a price of 40p to 50p should come in the end.


"The company broker's note dated 31st May projects fully taxed adjusted EPS of 3.3p for 2006/7, 4.1p for 2007/8 and 4.9p for 2008/9 representing P/Es of 9.2, 7.4 and 6.2 respectively based on the share price of 30.5p at 12th June."

Bargain levels, I would imagine the MM's cannot believe people still selling so cheap, but then again it was perfect timing to launch a takeover bid, get loads of stock at cheap prices in market mayhem, means the final amount you pay the real big money for is cheaper overall ;)

Well, next week we should see some events that will point the way forward, like an offer at around the 40p level would be nice ;)

And a good post and comment from another poster :

"Interesting from the latest RNS that Foresight have been adding to their holding recently. They were formerly Advent VCT and obtained their shareholding at roughly 20p when Oasis purchased Dencare. I would have imagined that as the share price has been largely below 20p since the acquisition that they would have been keen sellers once the price rose above 20p. As thay have just purchased 100,000 shares presumably they see a final offer coming in at a level that it makes them worth buying shares in the current market!!!!!! "

Fingers crossed for an update or actual offer this week.........still hoping for 38p to 42p range :)

Been busy, so just popping in quickly, nice write up today on GCI with BUY rating and saying price needs to double before "fair value".....sounds good :)


http://www.growthcompany.co.uk

Oasis Healthcare
BUY 19/06/2006

Independent today:

"......................Traders remain upbeat about another bid coming in for the dental clinic operator Oasis Healthcare, as the shares gained 2.25p to 26.25p. The company rejected an initial approach from a mystery bidder on Monday, even though the bid was pitched "significantly above" the 24.5p the shares were trading at. The rumour around the small caps is that another bid could come in at as high as 35p per share, valuing the company at 28.4m.................."

http://news.independent.co.uk/business/analysis_and_features/article1093543.ece

Looks like round two might start soon........

Looks like round two might start soon........

I still retain my 42p per share target as I had when the first rumours broke.



RNS Number:9246F
Oasis Healthcare PLC
10 July 2006
Oasis Healthcare Plc
Comment re further approach

The Board has made certain major institutional shareholders aware of the following matters and is issuing this announcement in the interests of equality of information for all shareholders.

The Board advises that it received a preliminary expression of interest to acquire all the share capital of the company at 36p per share. It has rejected the approach on the basis that it fails to take account of the company's turnaround in performance and its strong growth prospects.

Two recent examples of this are:

Associate Agreement successfully concluded
The dispute with associates (dentists) over changes in the company's operating agreements concluded this week on expiry of the notice period. The Board is pleased to confirm that 98% of associates have signed the common agreement, relieving the business of a significant administrative burden and achieving equity across the estate. This change also ends the payment by the Company of fees to those associates who previously received fees for referring treatment to hygienists. The Board believes the balance of 2% results primarily from extended leaves, maternity absences and infrequent working. A total of nine associates (six Full Time Equivalents) have left and these posts are either filled or the Board is experiencing significant interest from potential replacements.

New NHS contracts benefit Oasis
The recent changes to NHS contractual arrangements are beneficial to Oasis both through increased volume and security of income. As at 30 June 2006, income contractually due from the NHS was 11% higher on a like for like basis than the actual income received under the previous, only partially contractual, arrangements for the year ended 31st March 2006. These figures exclude the new surgeries in North Wales and Chepstow.

This announcement has not been made with the approval or agreement of the party which submitted the expression of interest.

10 July 2006

We seem to be off again...........a higher bid coming ?

Annual report now out :

http://www.oasisdentalcare.co.uk/investors/reports/year/2006/Oasis%20AR06.pdf

Extract from Guardian Article, I still want my 42p target price :) ;

http://business.guardian.co.uk/marketforces/story/0,,1836073,00.html

...............Finally shares in Oasis Healthcare closed flat at 27.5p despite more talk that the dentists' chain could be a bid target. The group rejected an offer last month at 36p. Legal & General Ventures, which bought rival Integrated Dental Holdings this year, is thought to be one interested party, but other venture capital houses have been circling. In addition, a third dental chain, Associated Dental Practices, has a 12.9% stake in Oasis. The word is that one party is willing to pay 40p a share and Oasis's board is split on whether to accept.............

July 06 Write Up

http://www.aimquoted.com/companyinfo/Oasis%20Healthcare%20PLC.pdf

been watching over the last few months from the sidelines, how long before the next rns?

No idea Woodie........looks like its gone quiet at the moment on the takeover side.

thought news would have been out after the guardian piece on 4th aug

Looks like we are building up to some news.

Oasis Healthcare PLC
19 September 2006

OASIS HEALTHCARE PLC

Annual General Meeting

At today's Annual General Meeting of Oasis Healthcare PLC the Chairman, Ron
Trenter, commented:

'I am pleased to confirm that trading in our current financial year is in line
with the Board's expectations. Total revenue (both NHS and Private) has
continued to grow. Excellent progress has been made with the new NHS contracts
that were introduced in April 2006 and our UDA (Unit of Dental Activity)
performance has been strong.

Our eight new Welsh practices are now fully operational bringing our total
number of operating practices to 130. Completion of our new Chepstow practice
is expected within eight weeks.

We have recently won tenders for 4 practices (16 surgeries) that will be
operational by the end of 2006. These will be funded from existing resources
and are anticipated to generate an additional 2.1million of revenue p.a.

We continue to review our product and service offering to our patients and
remain focussed on the recruitment and retention of good dentists to deliver the service we expect.

2006 has been a year of substantial change and progress. Oasis is now in better shape than it has been in the recent past and we look forward to reporting further progress during the current year.'

Oasis Interim Results will be announced on 28 November 2006.

shame there was no update on bid

Independent today:

Oasis Healthcare

Our view: Buy

Share price: 29.5p (+1.5p)

For much of this summer, shares in the dental practice group Oasis Healthcare were buoyed by takeover talks with three suitors.

The firm dismissed all three offers - the highest of which was pitched at 36p a share - as opportunistic. The bidders included rivals Associated Dental Practices, which has built a 13 per cent stake in Oasis, and Integrated Dental Holdings.

The Norwich firm is in much better shape than two years ago when Stephen Lambert was parachuted in as chief executive to turn the business around after it had run up big debts through rapid expansion. The latest results for the year to 31 March for the 130-strong chain showed losses cut to 366,000 from 2.9m on revenues of 82.5m. Debts have also become more manageable at 37m as cash flow has improved.

Mr Lambert has overhauled the organisation, creating clusters of dentists to allow decisions to be made locally, and focused on recruitment and streamlining the pay structure. In the spring, he faced down a pay revolt by around a 10th of the group's 500 dentists.

Oasis has just won tenders for four practices (16 surgeries) which are expected to generate an extra 2.1m of annual revenues. It is also making good progress with the new NHS contracts introduced in April. While chances of a takeover have receded, the firm's prospects look good. Buy.

http://news.independent.co.uk/business/analysis_and_features/article1621793.ece

It appears Oasis Healthcare is mentioned favourably again in today's Independent "Save and Spend" insert.

Oasis Healthcare PLC
02 October 2006

Director's purchase of shares

The Company announces that on Friday 29 September 2006 Stephen Lambert, CEO, completed arrangements for the purchase of 50,000 shares at an average price of 30.2p to take his holding of ordinary shares in the Company to 1,400,000 ordinary shares being 1.7% of the issued share capital.

Also, Andy Holdcroft, Finance Director of the acquired 12,500 ordinary shares being 0.02% of the issued share capital being his initial purchase of shares in the Company.

Moving nicely today

Up nicely today, results will be soon.

Nice results and nice response.

Responding nicely to todays news now :)

Wonder if we can get past 50p by March.......

Perhaps another takeover offer is coming in soon ?

Breakout time ? :)

Oasis Healthcare PLC 30 March 2007

Pre-close Trading Update

Oasis Healthcare Plc, the operator of 134 dental practices across the UK, ahead of its closed period for the year ended 31 March 2007, is pleased to announce that its business continues to develop well and that performance was in line with its expectations. The Company's preliminary results will be announced on 30 May 2007.

Sales from both the NHS business and the private business are ahead significantly year on year. We are particularly pleased with our progress in the first year of the new NHS contract. Revenues accruing to the NHS contract
continue to build steadily and we are encouraged by the very high level NHS contract retention rolling into 2007-8.

New Tenders and growth contracts won during the year amounted to 5.9m of annualised revenue.

We are pleased with the performance of 2006-7 and are well placed and confident of delivering significant further progress in 2008.

Stephen Lambert, Chief Executive commented;

2006-7 was a year of continued development and growth for the Company. Twelve new practices were opened and we completed three practice acquisitions. In the current year, two practices that were due to open towards the year just ended will now open in the new financial year and recently we have been successful in tendering for three new practices.

Nice movements.

Well done all holders !!!

OSH now nearing a 7 bagger for me, and more to come we hope :)


Oasis Healthcare Stmnt re Share Price Movement


RNS Number:6529V
Oasis Healthcare PLC
27 April 2007


Oasis Healthcare Plc ("Oasis" or the "Company")

Comment re share price movement

The Board of Oasis Healthcare Plc notes the recent rise in the Company's share price. The Board confirms it has received a number expressions of interest to acquire the entire share capital of the Company, all at a significant premium to the current share price. It is evaluating the position with its advisers, Oriel Securities Limited, and will make a further announcement in due course. There can be no certainty that any offer will be forthcoming.


27 April 2007

Nice news again today, multiple bids, lowest was 60p and this is rejected.....

Bidding war coming :)

Keep on going :)



Oasis Healthcare Plc ('Oasis' or the 'Company')
Further statement re: offer approaches

On 27 and 30 April Oasis Healthcare Plc issued announcements regarding the
receipt of a number of approaches to acquire the share capital of the Company.
It now announces that it has received a revised indicative proposal from the
party which had previously submitted an indicative proposal at 60p per share
which the Board had rejected. The revised indicative proposal at 65p per share
has also been rejected, again primarily on valuation grounds.

Oasis has separately advised the party that submitted the highest indicative
offer level that it is prepared to provide that party with further information
to assist it in finalising its proposal.

All the proposals received, including those rejected, were made subject to a
number of conditions and pre-conditions, including confirmatory due diligence
and finalisation of equity and debt financing arrangements and there can
therefore be no certainty that an offer will be made.

A further announcement will be made in due course. This announcement has not
been made with the approval or agreement of any of the parties which have
submitted the proposals and there can be no certainty that an offer will be made or as to the terms of any such offer.

2 May 2007

Ticking up some more too.

Bit of a move up end of day, wonder if news is not far away now on the takeover offers....... ? :)

Tic Tic Tic..........

Lovely......well done everyone.

82p works out just one multiple shy of a 10 bagger, but, who cares....... :)

More to come...a rival bid..........

ADP purchased 75K at 88p today, so we could be looking at a rival bid of say 90p or more ??? :)

Lovely, again :)

ADP Healthcare buys 2 mln Oasis Healthcare shares; ups stake to 17.54 pct

"LONDON (Thomson Financial) - ADP Healthcare Services Ltd said it bought around 2 mln shares of Oasis Healthcare PLC, which raises its stake in the company to 17.54 pct."

( purchased@90.5p )

So, is a rival offer coming at 91p or 92p or more......... ???

Rival bid announced at 91p :)

Will there be another counterbid ?

94p now :)


5 July 2007

Revised cash offer for Oasis Healthcare Plc ("Oasis")

by Duke Street Capital Oasis Acquisitions Limited ("Duke Street")


Summary

* The Board of Duke Street is pleased to announce the terms of a
revised cash offer to acquire Oasis at 94 pence per Oasis Share.

* On 13 June 2007 the Board of Duke Street and the Independent Directors of
Oasis announced the terms of a recommended cash offer of 82 pence per Oasis
Share to be made by Duke Street, a company specifically
formed for the purpose of making the Offer, for the entire issued and to be
issued ordinary share capital of Oasis, as subsequently made by Duke Street
in the Original Offer Document dated 13 June 2007.

* Subsequently, on 20 June 2007, ADP Healthcare Acquisitions Limited
("ADP") announced its offer of 91 pence per Oasis Share for the entire issued and to be issued ordinary share capital of Oasis not already held or
controlled by the ADP Group.

* The Increased Cash Offer values Oasis' entire existing issued and to be
issued ordinary share capital at approximately #88.2 million.

* Under the Increased Cash Offer the Oasis Shareholders will receive 94 pence
in cash for each Oasis Share.

* This represents a premium of:

(a) 100.0 per cent. over 47 pence, the Closing Price on the
last Business Day prior to the commencement of the Offer Period;

(b) 3.3 per cent. to the ADP Offer announced on 20 June 2007; and

(c) 2.5 per cent. over 91.75 pence, the Closing Price on 4
July 2007, the last Business Day prior to the announcement of the
Increased Cash Offer.

* Duke Street earlier this morning entered into unconditional share purchase
agreements, off market, with Joseph King (ex Deputy Chairman of Oasis),
Foresight Ventures, Singer & Friedlander, Chelverton and
Beringea/ProVen, all at a price of 94 pence per Oasis Share. As a result of
such transactions, Duke Street has unconditionally contracted to purchase
22,648,644 Oasis Shares representing approximately 27.4 per cent. of the Oasis Shares in issue. Each of these shareholders had previously given irrevocable undertakings in respect of their respective shareholdings.

* Duke Street also holds irrevocable undertakings to accept (or procure the
acceptance of) the Increased Cash Offer from the Oasis Directors in respect
of their entire holdings and those of their immediate families, amounting to, in aggregate, 3,990,730 Oasis Shares, representing approximately 4.8 per cent of Oasis' existing issued ordinary share capital. The irrevocable
undertakings also cover Oasis Shares that may be issued, or acquired by, the Oasis Directors pursuant to the terms of the Oasis Share Option Schemes.
Such undertakings will cease to be binding if the Increased Cash Offer
lapses or is withdrawn without becoming unconditional in all respects.

* As at 1 p.m. on 4 July 2007, Duke Street had received valid acceptances from Oasis Shareholders, in respect of the Original Offer, representing, in
aggregate, approximately 1.85 per cent. of Oasis existing issued share
capital. The Increased Cash Offer will apply to such acceptances
in accordance with the terms set out in the Original Offer Document.

* Therefore, Duke Street has unconditionally contracted to acquire Oasis
Shares, received irrevocables from Oasis Directors and received
valid acceptances from certain Oasis Shareholders, which combined represent,
in aggregate, 34.05 per cent. of the existing issued share capital of Oasis.


* The Board of Duke Street plans to seek a recommendation from the Independent Directors of Oasis for the Increased Cash Offer in due course.

* The Board of Duke Street announces that the Original Offer, which remains
subject to the terms and conditions set out in the Original Offer Document,
is being extended and will remain open for acceptance until the
next closing date which will be the date that is 14 days after the date the
Increased Offer Document is posted to Oasis Shareholders. Any further
extensions of the Increased Cash Offer will be publicly announced by
8.00 a.m. (London time) on the Business Day following the day on which the
Increased Cash Offer is otherwise due to expire, or such later time or date
as the Panel may agree.

94p it is then. Just a 10 bagger :)


Oasis Healthcare Statement re offers


RNS Number:2393A
Oasis Healthcare PLC
13 July 2007


Oasis Healthcare plc ("Oasis")

Statement re offers


The Independent Directors of Oasis note today's announcement by ADP Healthcare
Acquisitions Limited ("ADP") that it is not increasing its 91p per share offer
and that, except as provided in that announcement, it will be accepting the
recommended 94p per share offer announced on 5 July 2007 by Duke Street Capital
Oasis Acquisitions Limited ("Duke Street") in respect of its shareholding
amounting to approximately 21.5% of the issued capital of Oasis.

The Independent Directors of Oasis will be writing to shareholders in due course to provide a formal recommendation of the Duke Street offer and to reconvene the Extraordinary General Meeting required to complete it.


13 July 2007