PapalPower
- 14 Feb 2005 08:42



____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
PapalPower
- 27 Mar 2005 09:52
- 5 of 60
The jobs list is getting smaller and most are part time ;
http://www.oasisdentalcare.com/list.asp?id=172
This means the practises are getting near the full limit - should be the results of Lambert's presence and IMO, will be shown in very strong turnover for Lamberts first 6 months at the helm period.
PapalPower
- 01 Apr 2005 07:27
- 6 of 60
Oasis Healthcare PLC
01 April 2005
For Immediate Release 1 April 2005
OASIS HEALTHCARE PLC
TRADING UPDATE
Oasis Healthcare Plc, ('Oasis' or 'the Company') the UK's leading corporate
dentistry operator, announces an update to trading at its year end close of 31st
March 2005.
Highlights
Revised banking arrangements
Closure of loss-making practices
Ongoing operations trading in line with expectations
Banking Facilities
Oasis has entered into revised banking agreements with its lenders, Bank of
Scotland, whereby the repayment terms of its principal loans have been
restructured to reduce repayments over the next five years from 26.5 million to
12.5 million. Under the terms of the new agreement the Group has access to an
overdraft facility of 3,000,000 and Term Loan finance of 36,500,000. The loan
repayment profile will be as follows:
Year to 31 March 2006 1,000,000
Year to 31 March 2007 1,750,000
Year to 31 March 2008 3,750,000
Year to 31 March 2009 3,000,000
Year to 31 March 2010 3,000,000
As a result of the new arrangements our average cost of borrowings will increase
by an additional margin of 0.3% to 1.6% above LIBOR. In addition an
arrangement fee is payable in two instalments of 75,000 each on 31 March 2005
and 30 September 2005.
Closure of loss-making practices
Following our strategic review three loss-making 'shop front' dental practices
in Central London are to close. Losses in the second half of the current year
in these former Dencare-owned sites have increased and are expected to total
250,000 for the full year. Dentists and staff will be relocated to other
existing practices where spare capacity currently exists. Exceptional costs of
approximately 500,000 will be incurred as a result of these closures, which
principally reflect provisions to be made against ongoing lease commitments.
Ongoing operations trading update
Excluding the three loss-making practices to be closed trading performance from
the remaining 122 practices in the Oasis estate has been in line with our
expectations.
Stephen Lambert, CEO, said:
'Negotiating new arrangements with the Bank of Scotland provides greater
certainty to the funding of our business and a platform from which we can take
the Company forward.
Oasis is a strongly cash-generative business with the conversion of Group EBITDA
to operating cashflow near to 100%. In the year to 31 March 2004 the Group
generated cash of 5.2 million.
The new banking repayment schedule will provide up to 4.0 million to invest
into the business in the coming year. Investment will be focused on upgrading
existing surgeries and extending our practice computerisation program. This
should have a beneficial effect on the recruitment and retention of dentists,
which in turn improves our profitability.
Furthermore, the introduction of regional cluster groups, of between four and
nine practices has been extremely positively received within the business, and
will be fully operational early in the new financial year.
I am confident that the strategic repositioning of the business with greater
autonomy at local levels will show through in the new financial year.
We look forward to updating our shareholders and the market further at the time
of our Preliminary Results in June 2005.'
For further information, please contact:
Stephen Lambert
(Chief Executive, Oasis Healthcare Plc) 01603 625 335
Lisa Baderoon / Rebecca Skye Dietrich
(Buchanan Communications) 020 7466 5000
This information is provided by RNS
The company news service from the London Stock Exchange
PapalPower
- 13 Apr 2005 06:46
- 7 of 60
Oriel Securities April 2005 BUY recommendation.
Andy
- 13 Apr 2005 06:53
- 8 of 60
papal,
Any cjanhce you can reduce the size of the chart in the header?
it goes off the edge of my screen!
PapalPower
- 29 Apr 2005 20:34
- 9 of 60
Andy, its done.
The good thing about Oasis is all the bad news and more is factored in, it has very high turnover, the debt is under control and it is a recession free industry, they just keep getting more and more attractive as a decent recovery play in these very volatile times.
And its an ethical investment too..............
PapalPower
- 29 Apr 2005 20:36
- 10 of 60
And Goldman are on board too for the recovery play.
Oasis Healthcare PLC
29 April 2005
SCHEDULE 10
NOTIFICATION OF MAJOR INTERESTS IN SHARES
1. Name of company
Oasis Healthcare Plc
2. Name of shareholder having a major interest
The Goldman Sachs Group Inc ('GS Inc')
3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest
(A) Goldman Sachs & Co, a wholly-owned direct subsidiary of GS Inc
(B) Goldman Sachs International, a wholly owned indirect subsidiary of GS Inc
4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)
(A) 5,500 Goldman Sachs Securities (Nominees) Limited
(B) 2,850,000 Not informed
5. Number of shares / amount of stock acquired
Not informed
6. Percentage of issued class
Not informed
7. Number of shares/amount of stock disposed
N/A
8. Percentage of issued class
N/A
9. Class of security
Ordinary 1p shares
10. Date of transaction
26 April 2005
11. Date company informed
28 April 2005
12. Total holding following this notification
2,855,500
13. Total percentage holding of issued class following this notification
3.50%
PapalPower
- 10 May 2005 06:39
- 11 of 60
I have faith in what Stephen Lambert is doing and it seems so does Goldman Sachs and I do believe that Oasis is an excellent recovery play. The last statement from Stephen Lambert was ;
Oasis Healthcare PLC
01 April 2005
Stephen Lambert, CEO, said:
"Negotiating new arrangements with the Bank of Scotland provides greater
certainty to the funding of our business and a platform from which we can take
the Company forward.
Oasis is a strongly cash-generative business with the conversion of Group EBITDA to operating cashflow near to 100%. In the year to 31 March 2004 the Group generated cash of 5.2 million.
The new banking repayment schedule will provide up to 4.0 million to invest
into the business in the coming year. Investment will be focused on upgrading
existing surgeries and extending our practice computerisation program. This
should have a beneficial effect on the recruitment and retention of dentists,
which in turn improves our profitability.
Furthermore, the introduction of regional cluster groups, of between four and
nine practices has been extremely positively received within the business, and
will be fully operational early in the new financial year.
I am confident that the strategic repositioning of the business with greater
autonomy at local levels will show through in the new financial year.
We look forward to updating our shareholders and the market further at the time
of our Preliminary Results in June 2005."
PapalPower
- 11 May 2005 07:02
- 12 of 60
Oasis Forecast
Year Ending 31-03-2005
Sales (m) 78.00
Pre-tax (m) 1.7M
EPS 2.10p
P/E 4.3
PEG 0.1
EPS Grth. +37%
We will know the real figures on the 22nd June and I hoping for better than these already good forecasts for Oasis.
squidd
- 12 May 2005 04:23
- 13 of 60
PpP: These are excellent numbers, considering my biggest holding, ELA has a negative EPS into the foreseeable future. And the chart suggests to me that this is a recovery play at or close to the bottom.
There is a problem with the huge spread, although this also is often a feature of a recovery play, and makes timing important.
But my main worry is with the big picture: I'm 50% liquid at the moment worrying whether the debt mountain is going to drag us all down, and if so, the small caps and AIM stocks are likely to suffer most. This may already be happening as we see many of the former darlings of this BB coming down to earth. I'm particularly surprised that RAB and CSB are afflicted, believing that these were more or less aloof, but obviously not.
Probably, recovery stocks, having already been mauled by other events, are less sensitive to the general ups and downs, so I continue to focus on them.
Any thoughts on the big picture?
sd.
PapalPower
- 12 May 2005 07:25
- 14 of 60
Squidd nice results from APH today and given thats its May and going into the summer you can expect a lot of stocks down but there will be news from Oasis in June and if the figures are good and with a good statement from Lambert on the extra money available to invest and looking ahead to much better times and more profit the present price is a bargain.
PapalPower
- 26 May 2005 15:18
- 15 of 60
Oasis Healthcare PLC
26 May 2005
For Immediate Release 26 May 2005
OASIS HEALTHCARE PLC
Preliminary Results Notification for the year ended 31 March 2005
Results Date: Wednesday 8 June 2005
On behalf of our client, Oasis Healthcare Plc ('Oasis' or the 'Company'), the
AIM-listed UK dental care operator, we notify the London Stock Exchange that the
Company will be announcing its Preliminary Results for the year ended 31 March
2005, on Wednesday 8 June 2005.
If you would like to attend a results briefing, please call Lisa Baderoon on
020 7466 5000.
squidd
- 31 May 2005 15:33
- 16 of 60
PpP: Congrats; OSH leads my recovery front runner ELA by a length or two today, as the race continues to boost our wallets.
Thanks for postings on APH etc.
sd.
PapalPower
- 01 Jun 2005 10:35
- 17 of 60
squidd Oasis is going up nicely before the results which confirms what I think that the corrective surgery has been done by Lambert and the outlook will be rosy.
PapalPower
- 02 Jun 2005 14:43
- 18 of 60
squidd Oasis has to be in the lead now still rising strongly today ready for those results next week.
squidd
- 03 Jun 2005 08:07
- 19 of 60
PpP: My favourite ELA was a faller, and my 2nd favourite CSB couldn't keep up, so watched OSH disappear over the horizon. Tis a credit to your research that this has occurred ahead of results on low volumes; hope others are watching.
Oh, and VLK is looking bright and frisky this morning.
sd.
PapalPower
- 03 Jun 2005 09:28
- 20 of 60
squidd got a good new post on VLK now something picked up from another BB poster.
PapalPower
- 06 Jun 2005 12:45
- 21 of 60
squidd results on this Wednesday for OSH and am hoping for news that the restructuring is all but finished and now very positive looking forward with more profit and more money available to grow the business and increase turnover above 80 million next year with higher profit levels.
Goldman Sachs buying in recently leads me to think the results will be bullish for the future.
PapalPower
- 09 Jun 2005 08:19
- 22 of 60
squidd on reading the results a couple of times I can only come away with positive vibes the most exciting being they have 4 million cash to purchase new equipment and offer new high margin services and that the new cluster arrangements is already proving itself to be working well. I take the results as highly positive and the past mistakes written off this time to allow the future to be much better. The next results in 6 months time will offer an insight of how things have changed for the better and here's hoping that as Lamberts actions have shown benefit already he will keep us informed with regular updates before the results.
At present levels I am sure we can look forward to director buys coming in soon to show their faith of their actions.
Good and positive with the major restructuring over.
PapalPower
- 18 Jun 2005 06:34
- 23 of 60
squidd just added summary info on the new Oriel report which gave a Buy recommendation on the 8th June 2005.
PapalPower
- 19 Jun 2005 05:04
- 24 of 60
squidd, Oriel say March 2006 results should be 2M pre tax profit with EPS of 1.7p and say Outperforming. Oriel also say dividend in March 2008.
Investors Chronicle write up on 17th June says fair value at 11p and on the verge of profits.
If all goes well with Lamberts plans and utilisation improves along with recruitment then its positive, so we could and should expect a bounce up from next reporting when the news is good, in my opinion recovery confirmed but I would see IC will wait for next news before saying Oasis is good value, I am in now as you know while they are still very cheap.
They also recently got rid of the last person from the previous management that messed up in 2002/3 (the FD) so its all Lamberts team now.