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

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 :))

i see i top-sliced at about this level (559) ..... if 545 is hit, may well buy them back

Might be lowering my target a bit, perhaps 535p

good! ...... even better level to buy back (lol!)

Mr P, have sold today at a profit, so please feel free to 'call the shorts' ;-)

Mr C, thanks for enlightening me to SCHE. (I still hold both VPC and PFC, both looking positive at the moment).

Darradev ..... imo, SCHE are very good hold into the future ...... though PT may well have called the dip in sp correctly, i do not see it as particularly deep or long-lasting ...... as already posted, i have top-sliced but have every intention of reinstating those in due course.

PFC i also still hold and shall continue to do so
VPC i do not know at all, but will now look

SCHE update

Darradev, a wise decision.

I have slightly redrawn this chart; I adjusted the shallower trend a touch over the weekend (purple lines) which is the reason I dropped my target from 545p to 535p. There are two other trendlines, the blue one through March and earlier this month. This is where it bounced today. It remains to be seen if this is valid support, I would like to see further reactions from this line to prove the case. The lower trend is drawn from Dec and March and provided support on numerous occasions before the trend became steeper earlier this year.

I'm not convinced that the support it bounced off today will hold and I do favour the bottom of the channel at 535p. I have also drawn a tentative channel on the RSI, the upper line is ok, but the lower guesswork and I think there is more room to the downside than shown.

The MACD channel is much clearer and shows room for quite a fall yet and after all, this is the indicator that led me to believe this was a shorting opportunity in the first place!

I am beginning to wonder if the SP will drop out of the channel and head towards the longer term trendline (green jobbie) in which case I will need to amend my target to 500p. Everything is pointing to the downsdie at the moment.

pth

for myself, i am happy to hold this stock long term; a rarity for me it must be admitted ...... having top-sliced 40% at 559 (from memory), i am very sanguine about the prospect of sp dipping even to 500 where i would assuredly buy more, even if already having done so at +/-535

thanks chaps, it's good to see that people can have differing views about a stock and still have civilised and meaningful discussions without the 'verbal nonsense' posted on some BBs.

Hit my target of 535p this morning, wondering if 500p is on the cards. Were I actually trading this stock, would set a trailing stop now at 540-545 and be happy with a 35-40pt profit if stopped out.

pth

500p was on the cards after all. With this market might even be 490p ??