New Buy note out from Investech late yesterday, Im not suprised given that its trading on a forward P/E of just 8.5 to 2011. EPS of just over 10% pencilled in aswell, looks in good health very good health. (source hemscott premium)

Nestor Healthcare Group PLC

FORECASTS 2010 2011

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Investec Securities
15-06-10 BUY 9.88 6.09 2.37 10.93 6.73 2.60

Brewin Dolphin Corporate Advisory & Broking
10-06-10 ADD 9.80 6.10 2.30 10.80 6.70 2.50

2010 2011
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 9.84 6.10 2.34 10.86 6.72 2.55

1 Month Change 0.00 -0.00 -0.00 0.00 -0.00 0.00
3 Month Change 0.34 0.19 0.04 0.46 0.21 0.05


GROWTH
2009 (A) 2010 (E) 2011 (E)

Norm. EPS % 8.68% 10.17%
DPS 100.00% 16.75% 9.21%

INVESTMENT RATIOS
2009 (A) 2010 (E) 2011 (E)

EBITDA 10.98m 12.16m 13.23m

EBIT 9.67m m m

Dividend Yield 3.49% 4.08% 4.45%

Dividend Cover 2.80x 2.61x 2.63x

PER 10.21x 9.39x 8.53x

PEG f 1.08f 0.84f

Net Asset Value PS -15.89p p p

Indeed, indeed.

Been a few big buys just gone through...

Still look very cheap aswell...

forward P/E of just 9.9 to 2011, way undervalued imo.

Nestor Healthcare Group PLC

FORECASTS 2010 2011
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Brewin Dolphin
29-07-10 ADD 10.40 6.50 2.30 11.50 7.20 2.50

Investec Securities
24-06-10 BUY 9.88 6.09 2.37 10.93 6.73 2.60

2010 2011
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 10.17 6.32 2.33 11.25 6.99 2.54

1 Month Change 0.01 0.01 -0.00 0.01 0.01 -0.00
3 Month Change 0.72 0.48 -0.01 0.84 0.54 -0.01


GROWTH
2009 (A) 2010 (E) 2011 (E)

Norm. EPS % 12.66% 10.65%
DPS 100.00% 16.55% 9.14%

INVESTMENT RATIOS
2009 (A) 2010 (E) 2011 (E)

EBITDA 10.98m 12.51m 13.65m
EBIT 9.67m m m
Dividend Yield 2.88% 3.35% 3.66%
Dividend Cover 2.80x 2.71x 2.75x
PER 12.39x 11.00x 9.94x
PEG f 0.87f 0.93f
Net Asset Value PS -15.89p p p

Nice results.....steady rise in sp today apart from an early slump.

Yep been a good day RF.

Second wind here....bid reappearing again ?......

Bid on way???


http://www.telegraph.co.uk/finance/newsbysector/transport/8038872/AA-Saga-owner-eyes-65m-purchase-of-Allied-Healthcare.html

And the Brokers like it aswell......

not suprised on just a miserly forward P/E of just over 12 going into 2011
derd cheap.

Nestor Healthcare Group PLC

FORECASTS 2010 2011
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Brewin Dolphin
01-10-10 ADD 10.40 6.50 2.30 11.50 7.20 2.50

Investec Securities
29-09-10 BUY 11.21 6.97 2.57 11.63 7.33 2.83

2010 2011
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 10.83 6.75 2.44 11.57 7.27 2.67

1 Month Change -0.00 -0.00 -0.00 0.00 0.00 -0.00
3 Month Change 0.66 0.43 0.11 0.33 0.28 0.13


GROWTH
2009 (A) 2010 (E) 2011 (E)

Norm. EPS % 20.33% 7.72%
DPS 100.00% 22.10% 9.50%

INVESTMENT RATIOS
2009 (A) 2010 (E) 2011 (E)

EBITDA 10.98m 13.11m 13.88m
EBIT 9.67m m m
Dividend Yield 2.22% 2.71% 2.96%
Dividend Cover 2.80x 2.76x 2.72x
PER 16.09x 13.37x 12.42x
PEG f 0.66f 1.61f
Net Asset Value PS -15.89p p p

http://www.telegraph.co.uk/finance/markets/marketreport/8044665/Nestor-Healthcare-jumps-on-talk-of-raise-offer.htmlJust off the press floor........

Nestor Healthcare jumps on talk of raise offer
Nestor Healthcare was back in the spotlight amid talk that its suitor has significantly raised its takeover offer for the business.

Published: 8:05PM BST 05 Oct 2010

The chatter is that Acromas, the company behind AA and Saga, has increased its bid for Nestor, down 3 to 86p, from 90p a share to 100p. The move comes after Nestor rejected Acromas's offer of 90p a share in August.

Sources said that although Nestor's board is now minded to recommend Acromas's offer, some shareholders are keen for the business to hold out for a price of between 105p and 110p a share.


Indeed, The Sunday Telegraph revealed that Acromas has been holding tentative negotiations with Allied Healthcare after it appointed advisers from US investment bank Oppenheimer to look at "strategic options" for the group. Sources, though, cautioned that Acromas has yet to make a formal offer for Allied Healthcare.

Overall, the FTSE 100 jumped by 79.79 points to 5635.76 and the FTSE 250 surged by 118.15 points to 10681.96.

Joshua Raymond, market strategist at City Index, said: "Better-than-expected service sector data out of the UK and eurozone helped indices across Europe. News that the Bank of Japan may expand the size of funds its uses to buy assets and stimulate its economy is also boosting stock demand."

British Airways climbed to the top of the blue-chip leaderboard after better-than-expected traffic figures. The airline's shares surged 15 to 254.6p after it revealed a 1.3pc increase in revenue passenger kilometres for September, helped by an increase in first and business-class travel. The rise is the biggest gain since August 2008, the month before the collapse of Lehman Brothers.

Citigroup upgraded technology group Invensys to "buy", which helped the shares gain 9.2 to 307.2p. Mark Fielding, an analyst at Citigroup, said: "Concerns over its late cycle nature and the risks to growth in rail have weighed on the shares over the last year. However, our analysis suggests continued growth... at rail. When this is combined with recovery continuing across the rest of the portfolio we see renewed attractions in the share."

InterContinental Hotels Group advanced 19p to 11.46 as JP Morgan Cazenove gave the stock a push on valuation grounds. Tim Barrett, an analyst at JP Morgan Cazenove, said: "The outlook for 2011 is favourable and likely to be an increasing focus for investors after Marriott and Starwood publish 2011 guidance with their third-quarter results. We believe low supply growth in 2011 is likely to support [revenue per available room] growth of between 5pc and 8pc in 2011."

BT Group put on 2.7 to 148p amid talk Ofcom will this week announce a decision on superfast broadband that is likely to be favourable to the telecoms company.

Tui Travel rallied 9.1 to 225.9p after it said in a trading update that it had a good summer and bookings were picking up. Elsewhere in the sector, rival Thomas Cook increased 6.7 to 179p.

Hedge fund group Man Group perked up 9 to 227.1p after it said its Athena Guaranteed Futures rose 0.55pc last month and had risen 10.5pc over the past 12 months.

Gold mining stocks were in vogue as the price of the precious metal flirted with a fresh high. Randgold Resources climbed 195p to 66.55.

Rising risk appetite gave base metal mining companies and banking stocks a lift. Anglo American put on 103p to 26.41 and Barclays edged up 9 to 308.8p.

Aviva advanced 3.4 to 396.2p despite the fact that Bank of America Merrill Lynch argued that the latest "bid" related spike in the transport group's shares will unwind as the likelihood of any corporate activity lessens.

On a less positive tack, Inmarsat fell 26 to 629p. After the market closed yesterday, Harbinger Capital confirmed it had sold 65m shares - about 14pc of the company at 630p a share in a move that raised 410m. The share sale was larger than expected and triggered speculation Harbinger could sell the rest of the its holding once the 180-day lock-up expires.

Among the smaller companies, Computacentre jumped 22.9 to 322.9p as Investec upgraded the stock to "buy" from "hold". "We believe earnings quality has improved through operational efficiencies, managed services traction and cost savings. The outlook suggests a continuation of these trends, reasonable revenue progress and modest forecast momentum," said Julian Yates, an analyst at Investec.

"Buy" advice from Barclays Capital lifted Carphone Warehouse 3 to 266p. Karen Howland, an analyst at Barclays Capital, said: "We expect Carphone Warehouse to report another set of strong figures during its second-quarter results on November."

Homeserve also rallied 17.1 to 459.1p after Credit Suisse took up coverage with an "outperform" rating and a 720p price target. Analysts at Credit Suisse said: "HomeServe offers one of the most compelling combinations of growth, profitability and value in Europe."

Weir Group put on 33p to 14.86 as Bank of America Merrill Lynch argued it is likely to offer "superior growth" in an economic cycle that is "settling down".

However, oil services company Wood Group slipped 3.3 to 424.6p as Morgan Stanley downgraded it to "equalweight". "The recovery we identified in engineering as the key 'swing factor' for its earnings recovery in 2011 is being priced in," said Martjin Rats, an analyst at Morgan Stanley.

Vallar, Nat Rothchild's investment vehicle, is still trading below its issue price of 10.00 a share. When Vallar floated in July, investors had high hopes for the financier's plans to consolidate some of the mining sector. However, Vallar, up 15 to 920p, has failed to carry out a transaction since its float and some investors are preparing to kick up a fuss if the shares fail to move higher.