red = 25dma
green = 50 dma
black = 200 dma


The Telegraph says the banks like Southern Cross Healthcare, and so it seems to have an almost endless supply of new capital. It recently secured �300m to fund acquisition plans. It also develops its own sites and hopes to add 1,000 beds this year. A good operator with a proven model, Southern Cross is well worth buying.

annual reports etc available from www.schealthcare.co.uk


have just bought for myself at 355

'generally sitting by the pool'? not specifically then : )
I have traded around 40k of these today and recovered all my losses from the ones I had bought over the last months. Now all in cash. I tell you, I was close to sitting in my own pool at times this morning!

well done ...... sitting glued to the screen was the only way to trade i think

thanks: the real lesson I learnt from doing this is a) I should sold when my stop loss was breached last week and b) knowing I had lost a lot of money mneant I had to get the trades right today (i.e bought at 57.5p not 1.30 when market opened. Had I sold last week and been able to trade as I did today I would have earnt a very nice holiday indeed this monring- we live and learn.

ah well, such is life as we sit in the gutter!

couldn't resist - went back in around the 109p mark. Glad I did.

clever old silverfern seems to have done well on this stock today (and i believe him!), but it will be interesting to see what the morrow brings ..... sp seems to have closed at 130, perhaps distorted by auction, but if you can monitor constantly, i think there may be another lively day ahead shorting initially

RSI suggests overdone...

RSI after a pretty dire profit warning has no relevance

cynic any viws on PCI

all i can say is that it is not a company i like much ...... far better bets in oilies ..... TLW, though a comparative heavyweight, certainly looks a good punt

thank's

SCHE is 103p now.

Stay away from SCHE by all means. It is 85p now.

Signs of the sp recovering a little after share buying by directors.

i think this will bounce a bit more today with a decent volume being traded.

Southern Cross denies bid approach
| | |


LONDON (ShareCast) - Southern Cross said it has received no approach relating to an offer for the company nor is the board seeking to procure one.

However, the care home group said it has received "general enquiries" from a number of parties (Advertisement)

regarding the company's current situation.

Southern Cross shares added more than 25% today on rumours that private equity buyers are eying the company.

"The board of the company remains focused upon the potential sale of certain of the care home property assets currently held on balance sheet and necessary amendments to its existing banking arrangements to reflect the changed circumstances which now face the company," said the group.

"A further announcement regarding progress of these matters will be made in due course," it added.

Shares in the care home group plunged at the end of last month as it warned of a breach of bank covenants, poor trading and the departure of its finance director.

back at the end of June, SCHE announced .....

the Company, which is working closely in partnership with its banking syndicate, has been granted an extension to the repayment date and a waiver of an anticipated non-compliance with a financial covenant until 28 July 2008. This period will allow the Group to pursue the potential sale of some or all of these assets and/or suitable amendments to its overall longer term funding arrangements. A further announcement will be made in due course.


it is now 24th July, so is no news just no news?

70p now.

SCHE seems to be moving in the right direction again, I was tempted this morning but missed the initial rise, will have another look tomorrow, I know a few on here liked this one in the past.

Results were out today.