Healthcare Enterprise Group market a product called "Ebiox" which is one of a very few that can kill most bacteria including the MRSA superbug. HCEG has contracts with some NHS hospitals at present, but given the recent and current news and public attention, HCEG should be a good bet for a steady rise as more places seek to cut the number of casualties from this infection. HCEG also market abroad in USA, so the potential market for this unique product is massive indeed.

Well worth a punt IMHO

Check it out for yourself

Hangon why don't you check things out prior to writing below is the link to the interims on 17th Nov 2004 and look it says they made a small profit.

You may not of made a profit but they have.


Healthcare Enterprise Group PLC
17 November 2004

Healthcare Enterprise Group PLC

Interim Results for the six months ended 31 August 2004

Acquisition of Crest Medical From Unichem Ltd - A Division of Alliance
Unichem plc

Interim results for the international healthcare company focused on specialised,
high-value products, supply and services in the UK, Europe and the US.

Key points

Maiden profit of 0.3 million profit after interest, tax and
exceptionals, on turnover of 5.6 million following the company's expansion
into UK occupational health and first aid sub-sector where it now has a
leadership position



http://www.uk-wire.com/cgi-bin/articles/200411170746233212F.html

This reads like good news to me. Does this mean that if I own say 100,000 shares at the moment I will get 4000 extra shares issued to me worth 2.5p which I am free to sell straight away and my existing shares will still be worth exactly what they are. I know this is all going to seem so obvious to someone but I just need to fully understand this 100%. Thanks for input and any clarification.



Extraordinary General Meeting - Proposed Ordinary Share Capital Consolidation

The Board of HCEG is pleased to announce proposals to consolidate the Company's
ordinary share capital on the basis that for every 25 existing ordinary shares
with a nominal value of 0.1 pence each owned by a shareholder on the record date
(being 6 p.m. on 10 January 2005), they will receive 1 new ordinary share with a
nominal value of 2.5 pence.

Edit

i am a little confused i thought it meant for every 25 shares owned it would be replaced by 1 meaning a holding of say 100,000 would give you 4000 shares in their place thats what happened with MXC ....if someone could clarify for me please
this is what i have
The process by which a company changes the structure of its share capital by reducing the number of shares it has in issue and increasing the par value of each. For instance, a company with 100,000,000 shares in issue having a nominal value of 10p might consolidate on a 1-for-10 basis, reducing the number of shares to 10,000,000 and changing the nominal value to 1. As a shareholder, the number of shares you own would be reduced, their nominal value would rise to compensate, and the market price of the shares should also rise to reflect the greater 'ownership' which each share represents in the company.
In the case of MXC the share price jumped from 10p to about 1.50 but your holdings were reduced all round it still meant a profit
Note that a consolidation is the opposite of a scrip issue, in which the number of shares rises, and their nominal value and market price falls

I notice that several buy trades for 250,000 shares have gone through, two of them broker to broker. That reads to me that some of the brokers are not carrying stock. Now that could be interesting if the buying really hots up :-))

Spread down to 0.82% now that's tight!!

Zul187 your right it's 1 share for every 25 owned all it will do is make the shares more attractive to others who ordinarily would not buy stock at such a price, after consolodation these will rise will rise.

RobRocket
Afraid it isn't as nice as that. It's a 25 for 1 consolidation - which means 100000 becomes 4000 at whatever the price adjusts to become. At today's spread that would be 60.5/61.25.

I've made a bit on these in the past but will not chase these prior to consolidation. All those I've been in before seem to pull back after the consolidation - so will look to try and get back in around 50p - or current price 2.00p

Good luck to those who are sailing in her.

Just one sell trade so far this AM. Spread down to 0.402% MM's wanting to trade and looking for stock I think.

Continues to climb well, seems to be no stopping this baby at the moment. Long may this continue. Thanks for all the comments earlier on this thread, much appreciated guidance. Lets see where this one is heading: Blue Sky hopefully.

I've sold. Good luck all.

Early Simon? I think there is much more upside here. But if you have made the profit you want, that's what it is all about.

No intention to deramp this stock because I think it's a great story. However, I just hope people are aware of the implications of consolidations. My own experience is that they have invariably led to pull backs after the new price is posted. As I said earlier up the thread I will be watching them closely to see if I can get in on any pullback.

Might be completely wrong - if so then que sera - but at least I will feel as if I've stated my fears - and proved to be incorrect. Otherwise they would be a screaming buy on any fall back to about 2p/50p. Current post-consolidation price will be 60/66p.

Good Luck

long way to go before the 10th so could climb a little further before then,if you think a retracement likely following that date I'm sure in the longer term they will soon recover.

Upanddown - have you got a target price in mind? Cause again today its going strong. I Think its up about 20% this week alone!!

0.24p gain so far today, that's some rise!! Looking at the chart I would not be surprised to see these step back a little soon, unless good news on Ebiox is released shortly.

RobRocket these could go anywhere judging by what seems panic buying as I prefer a slow rise,now at 2.8p bid, weekend press comment could push further but as for targets I depart when I feel comfortable and at the moment, not at this stage.

Please watch out for yourselves as no-one else will

You have to look back as far as January '02 for prices this high. There was a peak of 2.35 then which will provide some resistance on the upside. A break of that, though, could take us all the way to 4p.

On the downside, the 2.4p level should provide support as it has taken the best part of 3 years to break above it again.

My current view, though, is that this is driven much more by fundamentals than technicals at the moment. The forecast is that HCEG will break into a modest profit (0.05p/share) in 2005, doubling in '06.

dclinton,don't know where you gleaned that info as prior to Nov 2003 it wasn't trading perhaps your getting mixed up with an old software company that used the name prior.As I believe HCEG was ressurected from a shell company.

Then again I may be wrong.

From http://www.armshare.com/index.php

updandown - the armshare site MarketData link for HCEG takes me to http://uk.finance.digitallook.com/cgi-bin/digital/security.cgi?ticker=hceg which shows year ends all the way back to 2001.

The data I'm working with comes from ShareScope which shows prices back to May 3rd 2000. It may well have been a shell up to Nov 2003, which would correspond to a sudden increase in trading volume at that point. From a purely chartist point of view, though, I don't think that's relevant, though as I said I think fundamentals are currently driving this more than technicals. It's still nice to have historic support levels.

Looks like we're getting a bit of consolidation today which is good. A few days of that will provide a nice support level for any further gains.