Valued at just £32m this Derby-based ‘out of hospital’ healthcare services group should be announcing its interim results in the next week – it was on the 6 November last year but I would imagine that it may better out a little later, not wanting to get too tangled up with US election results.
This debt-free group, which boasts £10.2m cash in the bank, has obviously seen its business being hit by the Covid-19 virus.
However, I am looking for a positive but guarded statement from Chairman Bob Holt with the interims. He is one of the rare breed of company bosses that always ‘under promises and over delivers’ and has successfully pursued that policy.
I like the range of services that this group offers to NHS Trusts and other health providers across the country. Its services, especially in virus-free times, are well-respected and certainly well-needed.
There are no guidance’s currently for revenues and profitability. However, at just 17.5p its shares have great medium-term attractions.
(Profile 12.03.20 @ 12p set a Target Price of 18p*)
