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I've been doing some further 'in-depth' research of a company I invested in and topped up more of on Thursday. Very interesting and I think potential to do hugely well ... keep eyes peeled guys, as I will likely post my notes over the weekend...
So, while I had completed my research on Sat night, this is my first chance to be able to write up some headlines. Its one that is talked about a fair bit already. It is Inspiration Healthcare with ticker code #IHC and mcap of £25m at 64p sp. Here is why ... (2/7)
Some headlines: (3/7)
Shares in issue is only 38m, with 76% in sticky hands. Directors own a good chunk of this - Overall, this means free float is just 9m shares!!! See below for details, name sin bold are Board Directors. (4/7)
They had relatively flat revenue growth last year, owing mainly to delays in getting regulatory approval for 3 new products in their main niche market. These are all approved and so sales for this yer should ramp up anyway and at higher margins. (5/7)
The mcap of £25m includes a £4m acquisition of a company they made in Q4 last year whose sales are largely not included in the year end results as they would only have been in the business for about 2 months, SO these sales to be added in for a full year. 6/7)
(7/7) The main focus here though right now is the ventilators.. A £4m order in the bag already and the world over needs them. With low free-float of shares, if another substantial order comes, the sp will go nuts. Whatsmore the mcap is underpinned by everything else and some!
