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

Sounds like you need to take a 'rest up' in of those Southern Cross Healthcare care homes and long term care beds.

will have to book early as their occupancy rate is very high!

Hi cynic, is that dramatic looking markdown due to not all traders prices opened yet, or is it genuine.

Its all right, it just answered itself.

SCHE can be surprisingly volatile at times

oily .... hope you approve of today's performance ..... this stock just gets better and better, even without specific news to boost ..... as i keep saying, "This is a top quality company in the growing dying business!"

Hi, sorry didn't buy the other week as totally locked in on TMC, HAWK, and GGG at the moment. Sold all my crap last month and re assessed where I was going. As you can see with TMC why I'm not selling at the moment, however I have SCHE on my watchlist now and hope to take advantage soon. Oh and yes, nice jump.

Love him or hate him, Mr C talks a lot of sense in my view.

Bought into SCHE last week on the back of some profits from CNE (yes, there's still money to be made with Cairn) and am pleased at this current move upwards.

fez ...... time to go eat your hat i think (see post 27 and others) .... lol!

fez ,,,,, i don't hear from you ..... are you choking?

for those who have the majority of their portfolio in quality rather than spivvy stocks, i would suggest that this (or imminently) is a good time to invest here ...... the company has everything going for it - just do your own reading - and it is a better than evens bet that the weakness over the last couple of days is mere profit taking as peeps take some precautionary moves against general market weakness.

fyi .... i first bought in january and then took profits at the beginning of March ..... bought back in in April at 10% more than i had sold at with slightly more than my norm, but even this is now showing a substantial return .... sp has currently dipped below both 25+50 dma, but rsi is indicating o'sold

Cynic - I fall into the category of buying quality (I hope!) and this looks a class act in a growth sector. What puzzles me about the last published interim figures is the charge for "minimum future rental increases" of over 19M in 26 weeks, which largely wipes out trading profit. There is also a balance sheet liability of over 80M for the same purpose.Appreciate this is a non cash item, but if you can explain why it is needed in layman's terms I would be grateful. Lots of companies lease/rent properties subject to rent reviews, but can't ever recall seeing this item before.

don't know guv ...... confess i have trouble understanding the Beano let alone sets of accounts ...... for sure SCHE is an agressively acquisitive company and any leases they have quite probably have upwards only revisions in there ..... it could be that they already know approx market rentals and are providing for same and/or its good and acceptable accountancy practice to minimise tax liabilities.

meanwhile, good to see sp challenging 50 dma from below

Just click on the link and scroll down.

SCHE TA

Updated TA

Panmure have just come out with a BUY note with a target of 700 ...... meanwhile, partly to be prudent and partly because i am travelling this week, i have reduced my holding by just <40%, though that still leaves me with a resaonable stake ...... if PT's chart proves right (no saying it will), then shall def be buying back in and probably shall anyway ...... as i have maintained since Day 1, this is a top class company in a good sector

Updated TA

Back on track from the dip earlier this month. 600 by month end?

Time to shout 'SHORT' again :))
SP seems to have halted its march northwards for now although sitting on previous trend support, but I can't see this being especially robust. RSI turning down, MACD turning down, both from resistance. Setting an initial target of 556p possibly 545p dependant on where it finds support.

pth

So far so good :))