____5 Year Share Price against EPS chart____


Web Site : http://www.oasisdentalcare.co.uk/

Email News Alert : http://www.oasisdentalcare.co.uk/investors/email/


Oriel Securities 1st Dec 2005 BUY

2005 PTP 2.1M
2005 EPS 1.8p

2006 PTP 2.7M
2006 EPS 2.4p
____________________________________________________________________

Major Shareholders

Advent VCT--------------------7,508,113 (9.20%)
BLS Holdings Ltd Prtnship----6,749,964 (8.27%)
Singer & Friedlander IM Ltd--6,590,000 (8.07%)
Joseph Joe King--------------3,347,500 (4.10%) DIR
Goldman Sachs Group Inc-------2,855,500 (3.50%)
BWD AIM VCT PLC--------------2,542,500 (3.11%)
____________________________________________________________________
Interim results 1st Dec 2005

Oasis Healthcare PLC
Interim Results for the period ending 30 September 2005
Oasis Healthcare PLC, the UK's leading corporate dentistry operator with 122
practices today announces much improved interim results for period ending 30
September 2005.

Turnover______________40.7_____+10%
EBITDA*_______________3.5_____+17%
Operating Profit m*_____1.2_____+50%
EBAT*_______________1.0_____+55%
Earnings per share ++___1.26p_____+56%
* After absorbing additional cluster infrastructure cost of 0.5m for the six
months
++ Excluding goodwill amortisation

Operational
* Changes implemented are delivering results and improved financial
returns
* Cluster structure working well and providing strong base to expand
* New NHS contract provides further opportunity to develop NHS
business
* Re-negotiated our consumable supply contract achieving 0.2 million
in annualised savings
* New Finance Director appointed

Financial
* Operating cash inflow of 2.5 million (2004: 1.5 million) *
* Revised debt repayment structure enabled 1.6 million of
capital to be spent on the business (2004: 0.6 million)
* Considering impact of IFRS - should have positive implications due to
treatment of goodwill

Current Trading
* Performance continues to be positive and prospects for the
second half year are encouraging

Stephen Lambert, Chief Executive, said:
'The management and structural changes we have put in place continue to deliver
operational and financial improvements to our performance. As this performance
accelerates we will continue to invest in dentists, improve customer services
and to build on the strong base the new organisational structure has
established.'
__________________________________________________________________

Recent Institution and Director Buying ;

19th Sept 2005 S Lambert buy 1.0 million @ 10.5p
19th Sept 2005 G Blomfield Buy 500,000 @ 10.5p
29th April 2005 Goldman Sachs Buy 2.855 million.
14th Dec 2005 Stephen Lambert Buy 100,000 @ 12p
3rd Dec 2005 Stephen Lambert Buy 165,000 @ 10.5p
3rd Aug 2004 Stephen Lambert Buy 35,000 @ 16.2p

http://news.bbc.co.uk/2/hi/health/4293574.stm

Blair 'powerless over dentists'

Tony Blair has admitted he is powerless to increase access to NHS dentistry.
The government is increasing training places by a quarter and introducing a new contract to improve access - only half the population is registered.

But in an interview on BBC Breakfast News, the prime minister said there was no way of forcing dentists to do NHS work instead of private.

More than a third of English dentists' work is carried out privately - up from about a tenth 15 years ago.

Mr Blair blamed the rise on a new contract introduced in 1990 which effectively increased workload without a rise in pay.

The rise in private work has meant that many people have struggled to find NHS dentists with queues being seen in some parts of the country when a new practice opens.

However, the large number of unregistered people will also include those who have decided not to register themselves.

Mr Blair said dentistry was the "most difficult aspect of the NHS".

"We can't turn the clock back, because I can't force dentists to come back into the NHS."

The admission comes six years after the prime minister pledged to give everyone access to NHS dentistry within two years.

Preventative work

The government is attempting to remedy the situation by introducing a new contract in April which allows dentists to spend more time on preventative work in a bid to get away from the "drill and fill" culture.

The number of training places have also expanded by 25% this year, although it will be five years before those dentists graduate.

Nigel Cater, of the charity British Dental Health Foundation, said he could not see the situation improving in the short-term.

"I don't think you will see a rush of dentists coming back to the NHS, although the new contract may stop them leaving, and the new training places are going to take a few years to make a difference."

And Lester Ellman, of the British Dental Association, said the new contract may "lead to more dentists going private".

Only five and a half weeks to interims now, and I am expecting them to be very good, not only due to good performance from the cluster system but also due to IFRS, which will benefit Oasis greatly in their reporting. OSH is adopting IFRS from these interims I think, and that is ahead of schedule for AIM companies.

http://news.bbc.co.uk/2/hi/uk_news/scotland/4353860.stm

A nice article on the staffing problems as more go private then the NHS needs to get in more from abroad. This is good news for Oasis as they have suffered in the past from delays from the red tape, the more coming in should mean that the red tape gets streamlined and causes less delays.

You can see why Lambert is filling his boots as business must be good, I am looking forward to some excellent progress at interim results on the 1st Dec.


http://news.bbc.co.uk/2/hi/uk_news/england/north_yorkshire/4417644.stm

Patients left without a dentist

Hundreds of people have been left without an NHS dentist in a North Yorkshire market town. Letters have gone out to 1,600 patients of Ingrid Gill at Pickering's Birdgate dental practice saying she has retired because of ill health.
Her appointments have been cancelled and other dentists in the town are not able take on extra patients.
Health officials said NHS patients will have to travel 17 miles to a dentist in Scarborough.
Helen Stokell from the Scarborough, Whitby and Ryedale Primary Care Trust (PCT) said the two other dentists at Birdgate and the other NHS dental practice in Pickering did not have any spare capacity.

'Unfortunate situation'
Instead, Mrs Gill's patients are being asked to contact the PCT which will put them in touch with a dentist in Scarborough, a situation Ms Stokell described as "not ideal".
She continued: "This is an unfortunate situation but under the circumstances we at the PCT will do everything we can to make sure that all patients will be found another NHS dentist within the PCT area as soon as places become available."
There have been problems in Scarborough providing NHS dental cover with dentists being brought in from abroad to reinforce the service.
But the PCT said it had identified spare places at practices in the resort.

Interim results will be this coming Thursday, and I think they will be very good and warmly received, with a strong positive outlook.

I am hoping for some more coverage on OSH once the interims are released and December should be a good month I hope.

A nice move up today pre-results, so lets hope in the morning they are not just good, but very good when we get the interims results in the morning tomorrow ;)

Oasis Healthcare PLC
01 December 2005

Oasis Healthcare PLC

Interim Results for the period ending 30 September 2005

Oasis Healthcare PLC, the UK's leading corporate dentistry operator with 122
practices today announces much improved interim results for period ending 30
September 2005.

2005 2004 % Change
m m
Turnover 40.7 37.1 +10%
EBITDA* 3.5 3.0 +17%
Operating Profit m* 1.2 0.8 +50%
EBAT* 1.0 0.7 +55%
Earnings per share ++ 1.26p 0.81p +56%


* After absorbing additional cluster infrastructure cost of 0.5m for the six
months

++ Excluding goodwill amortisation


Operational

Changes implemented are delivering results and improved financial
returns

Cluster structure working well and providing strong base to expand

New NHS contract provides further opportunity to develop NHS
business

Re-negotiated our consumable supply contract achieving 0.2 million
in annualised savings

New Finance Director appointed


Financial

Operating cash inflow of 2.5 million (2004: 1.5 million) *

Revised debt repayment structure enabled 1.6 million of
capital to be spent on the business (2004: 0.6 million)

Considering impact of IFRS - should have positive implications due to
treatment of goodwill



Current Trading


Performance continues to be positive and prospects for the
second half year are encouraging

Stephen Lambert, Chief Executive, said:

'The management and structural changes we have put in place continue to deliver
operational and financial improvements to our performance. As this performance
accelerates we will continue to invest in dentists, improve customer services
and to build on the strong base the new organisational structure has
established.'

A good day and very good results, once a few more people take a good look at them, there should be more joining the list of holders. I will be adding more, and feel the next 18 months will be a big turnaroung for OSH.

From uk-analyst.com

Oasis Healthcare shares firmed 1.25p to 15p after interim numbers were accompanied by an upbeat trading statement. The corporate dentist reported a 10% rise in first-half revenues to 40.7 million pounds, from 37.1 million pounds previously, as EDITDA climbed to 3.5 million pounds, up from 3 million pounds. The group confirmed that current trading was positive and prospects for the second half were encouraging after the group cut its pre-tax losses to 131,000 pounds, from 493,000 pounds a year earlier.

New forecast from Oriel yesterday, new figures are in the header.

I will keep an eye on GCI, they had OSH recently as a speculative buy, so there should be an update before year end, and it should now move we hope to full buy rating.

If they are clever with reporting formats, year end could be much improved again with IFRS, with the removal of the goodwill burden, they could even state a reasonable size full year profit after tax as well.

From Scotland on Sunday;

"Two smaller cap stocks have caught my eye for very different reasons. The corporate dentist Oasis Healthcare's interim figures were accompanied by an upbeat trading statement. It reported a 10% rise in its first-half revenues to 40.7m. The group confirmed that current trading was positive and prospects for the second half were encouraging."

A small move up today which is promising, I think the short termers have gone and now we should see a continuation of investors.

Latest update from www.armshare.com

The interim results to September 2005 showed sales of 40.1 million (2004: 37.1 million), pre-tax loss of 131,000 (2004: 493,000) and adjusted EPS of 1.26p (2004: 0.81p). The ArmShare editor uses an Oasis practice which he had seen since its acquisition by Oasis lose operationally 'the eye of the owner'; the key to the success of Oasis is how to run a multi site operation and instil into the organisation structure the 'eye of the owner' within each practice - the current CEO was appointed in August 2004 and has installed the cluster structure referred to above, whereby each cluster comprises 4 to 10 practices and is run on a day to day basis by a cluster manager and a cluster clinical director. The editor met the CEO for the first time on 1st December and a full report of the data gleaned at that meeting will be provided shortly after getting clarification on a couple of issues. The company reported that its strategy is to grow sales organically - it achieved organic sales growth during the period of 10% (this from a practice base which had been shrunk from 125 in 2004 to 122) ; the period has absorbed 500,000 of costs associated with the cluster infrastructure; the operating cash inflow during the period was 2.5 million (depreciation amounted to 1.1 million and goodwill amortisation was 1.1 million); despite the 500,000 cluster infrastructure costs, the practice EBITDA (pre central costs) margin to sales has risen from 12.3% to 12.5%; and the board regards prospects for H2 as encouraging.
Research Standing
We said " With the heady days of expansion over, at least for the moment, its going to be a long course of treatment, as exertion of buying muscle and the drive for private patients opens a long road towards the necessary levels of returns. It hasn't been pain free yet, but when the current cavity is filled it may well be time for the healing process to begin."

Oasis has followed the well trodden buy and build strategy, and reached the stage where conventional business skills needed to be applied if the organisation was to deliver shareholder value. In 2004, the CEO who implemented the initial strategy left and his replacement (who joined in August 2004) brought in depth experience of running retail multi-site operations. This lead to the implementation of the cluster infrastructure referred to above - the early signs are that this is producing a virtuous circle of being more attractive to dentists, providing a better service to clients, organic sales growth and better margins. The ArmShare editor met the current CEO on 1st December and has a couple more issues to pursue, following which a fuller description of what appears to be a revitalised business will appear. If the virtuous circle is for real and with the company's present level of sales as a platform, it will become quite straightforward for the company to handle what presently looks like excessive borrowings totalling 40 million.

Watching trades, someone is starting now to pick up some big lumps at mid price, yesterday was one and now today another.