This share have come down very heavily lately, now recovering but plenty more should come as the problems are sorted
HCEG 22.50 - 23p
Healthcare Enterprise is a healthcare products and services company
Problems to be sorted
The merger of different adquisitions were not properly integrated and this resulted on bringing the Interims forward with losses of £2.1M and and the departure of the Chairman and Finance Director from the board.
Now this things are being put right by the new management, and also sorting the debt of £3.2M in its way down since. Products
Ebiox - Is still being considered by major multi-nationals for significant roles, including the cleaning of surgical instruments, pharmaceutical clean rooms, dental water-lines etc
Optiscope- Its disposable endoscope, is likely to attract substantial interest in coming months.
Fertiligent - Innovative slow release pump for intrauterine insemination, proven to significantly enhance pregnancy success rates.
Medilator - A platform for single-use, disposable dilatation devices. The first product to be launched will be CerDilator for the safe performance of cervical dilatation, without anaesthetic.
Fertiloscopy - Fertiloscopy enables gynaecologists to accurately diagnose the cause of infertility, enabling the most appropriate treatment option to be determined.
Valuation
A breakeven in profits is expected for the full Year. For the Year, after that the distribution business should see sales of £23M and make profits of around £3.25M and close to £10M for the Year 2006/07 with EPS of 4.4p, that makes the shares at 23.25p selling on a PE of 5.3
