Healthcare Enterprise Group

On the same day I wrote this, the 'Growth Investor' made the sell recommendation, siting rising expenses as one of it's concerns

biswell - 22 Dec'05 - 17:04 - 10495 of 10702 edit


Expenses needs some explaining clearly too big a jump

Healthcare Enterprise Group PLC - Profit & Loss Account

Year end date - 28 Feburary.

30-09-01 (365) 30-09-02 (365) 2003 (151) 29-02-04 (366) 2005 (365)
Turnover £m 0.19 0.00 0.26 3.00 14.97
Expenses £m 0.94 0.08 0.95 5.69 14.09

The explosion in employee numbers is one reason, management have not managed the growth that was expected very well.....in fact they have made an absolute bollox of it

A six fold increase from last year, and cost control has gone walkabout

Number of Employees 2 2 1 23 132


The numbers say this company is 'walking backwards to xmas'


Healthcare Enterprise Group PLC - Cash Flow Statement

Year end date - 28 Feburary.

30-09-01 (365) 30-09-02 (365) 2003 (151) 29-02-04 (366) 2005 (365)
Cash from operating activities £m -0.78 -0.08 -0.69 -1.32 -2.63