Yes I know Im on holiday so Ill make it quick. Just had a phone call and an e- mail from a City pal of mine and hes drooling over this company. Hes a trust worthy chap and has given me some fantastic tips over the last 10 years.
Hes going on about it being a ten bagger, but I dont like that kind of talk, best to just see how the market rates it. He says theres going to be a lot of news flow so that should provide for a momentum driven price. Have to say I have never known him quite so excited about a stock. Ive just gone in and bought a nice holding.

Heres the e-mail he sent me. It might be worth your while having a dabble. Citywire seem to think its going to be a hit.

Health minnow makes strong return to market
Published: 11:51 Wed 22 Oct 2003
By Joanne Wallen, Associate Editor
Email to a friend


The chief of Healthcare Enterprise Group sold his last business to private healthcare firm Bupa and he's now raring to go again; the business may be worth a second look.

Shares in the 24 million AIM-listed business were suspended in August pending a couple of key acquisitions, and returned to the market on Monday after the deals were announced.


Healthcare Enterprise Group (HCEG) (HCEG) paid a total of 11.5 million for the Safa Group and Industrial Pharmaceutical Service (IPS) as well as a 60.7% stake in SafaTec. The company raised a total of 10 million via a placing of shares at 1p to fund the acquisitions and also took on 3.5 million of bank debt.


Chairman Stuart Bruck, who previously founded private medical services business Barbican, which he sold to Bupa in January 1999, is hoping to build a significant business providing medical services to corporate customers. He is hoping to be a consolidator in what he told Citywire is a very fragmented market.


Both Safa and IPS provide first aid kits, training, first aid suites and a host of other medical and occupational health services to large corporate customers such as British Airways, Marks & Spencer, BT, Sainsbury and government procurement agency OGC. Both companies also have advanced 'replenishment systems,' which enable companies to maintain adequate supplies to satisfy UK health and safety legislation.


Bruck said these acquisitions would provide a 'platform' for further acquisitions.


The company had previously accrued minority stakes in a total of 14 small healthcare services companies in the UK and the US. In March it listed on AIM by reversing into a cash shell.


Bruck said the minority stakes offered it an entry into the market, but the company has now decided to focus on wholly operating and owning businesses. It has therefore identified four of its US businesses that it would like to buy the remaining stakes in. These are all within a two hour drive of the company's Los Angeles office, and would be run from there.


The company has also 'packaged up' the remaining eight businesses with a view to selling each of its minority stakes. Bruck said the pricing being talked about is already ahead of the indicative pricing given in March.


Safa and IPS apparently already have a 30% share of the corporate medical services market in the UK. They are both cash generative from operating activities. Both companies are based in the North of England and do not have a huge penetration in London, where Bruck believes the company has 'a huge opportunity.'


He reckons they have so far penetrated around 50% of the FTSE 100, and therefore have a 'great client base' to which they should be able to sell additional services.

SafaTec has interests in a number of early stage companies that have developed some innovative healthcare products and technologies, which the company is hoping to commercialise. For example, Safa has secured a sole international distribution agreement with Ebiox, a manufacturer of a unique decontaminant and cleansing product range based on a patented formula. SafaTec UK has a 35% interest in Ebiox and HCEG is negotiating to acquire a controlling interest for the enlarged Group.


Bruck does not expect to make any more major acquisitions in the next year or so, but thinks there are a lot of small players that the company might be able to mop up.


'This is very exciting, I am looking forward to digging in,' he said.


Shares are currently at 1.7p.


Citywire Verdict:


The corporate healthcare market is becoming increasingly regulated, which favours HCEG. Bruck's track record should also be worth buying into.


The corporate structure looks pretty complicated at present with all of the minority shareholdings, but Bruck now seems keen to get the point quickly where HCEG controls the majority of the businesses it operates.


This is obviously early days, but for anyone that fancies a speculative punt on a penny share, HCEG is worth a second look.ENDS.

Well it looks very good to me although its a speculative punt, what isnt in the markets today. Good chance to get on board aswell on a bad day.

Please DYOR. You are responsible for your own buying and selling actions.

GF.

JJ50 BUT THEN WE'D LOOSE OUR CREDIBILITY,AND THE SHARE WOULD PROBABLY PLUNGE.

Good point SAW, you have the edge - shall go back to being patient, let the product speak for itself!!

Share price still stagnant.mm's just don't see things our way.I've topped up I am adamant.

Price dropped is this MM tactic or have I missed something!

anyone know why price dropped today....good time to top up

Read the ADVFN posts. Bioquell success.
sw

Read the news on Bioquell - a different sort of product? Although I suppose if it eradicates MRSA from an airborne point of view the hand wash won't be so vital!! Shall research this further.

From the Independant
26 April 2004


Hot stock of the moment has to be Bioquell, a little biotech group which has developed a vicious spray to kill the hospital superbug MRSA. Its shares are up 70 per cent in a month. But shouldn't Healthcare Enterprises be generating the same sort of excitement?

Whereas Bioquell's product is a powerful spray that is pumped into a sealed-off room, Healthcare has a stake in (and option to buy the rest of) Ebiox, a new cleaning fluid that it says is also effective against the killer bacteria. The product was developed at Porton Down as a spin-off from the war on bioterrorism.

Ebiox is sold to 20 hospitals at present as a cleaner for surgical instruments and surfaces, and it is winning new contracts all the time. The company hopes to get contracts soon for the product as a handwash as well, with this new product being marketed for the first time within the next month.

Healthcare Enterprises has a boring, cash-generating business supplying first aid kits and health and safety training to corporations in the UK such as British Airways and Marks & Spencer, which it is using to fund its racier new products.

http://news.independent.co.uk/business/analysis_and_features/story.jsp?story=515203

good find Janus

good one

Is this good news? Is it normal for people to take payments in shares in place of cash?


Healthcare Enterprise Group PLC
28 April 2004





HEALTHCARE ENTERPRISE GROUP PLC



Issue of Ordinary Shares



Healthcare Enterprise Group PLC ('HCEG') announces that it has today applied for
admission to trading on the Alternative Investment Market of the London Stock
Exchange of 1,406,750 ordinary shares of 0.1p each (the 'Shares'). Of these
shares, 1,250,000 are to be issued to Mark Stanton and 156,750 are to be issued
to Stan Yeo. Mark Stanton and Stan Yeo have provided consultancy services to
HCEG and have agreed to apply the consideration payable by HCEG to them in
respect of these services to subscribe for the Shares.





28 April 2004




Enquiries:


Healthcare Enterprise Group PLC Tel: 020 7659 6158
Stuart Bruck, Executive Chairman

College Hill Tel: 020 7457 2020
Nicholas Nelson/Corinna Dorward




http://www.uk-wire.com/cgi-bin/articles/200404281019090809Y.html

Upanddown - Yes it is quite normal and it is good news as it gives them the incentive to stay with the company and produce good results for themselves (and us of course).

What is happening with this one?

Troys, nothing. Short term deviation by a few panickers following RNS,picked up yesterday,all targets met states RNS hence share issue,looking good,expect them to pick up again today.

Thanks upanddown

Whats going on? which way are these going UP OR DOWN

Up and away long term, all over the place short term.

I Agree

I will be top up at this price - WHAT A BARGAIN