Cambian Group (CMBN)

Sector:

Health Care

Index:

FTSE Small Cap

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 157.60p
   
  • Change Today:
      0.000p
  • 52 Week High: 235.00
  • 52 Week Low: 153.00
  • Currency: UK Pounds
  • Shares Issued: 184.20m
  • Volume: 0
  • Market Cap: £290.30m

Cambian Group's directors flag potential for future growth

By Andrew Schonberg

Date: Wednesday 26 Apr 2017

LONDON (ShareCast) - (ShareCast News) - Cambian Group's shares rose almost 5% as investors liked a rise in full-year revenue, albeit accompanied with a wider pre-tax loss for the period, as directors flagged potential for future growth.
"The sale of the Adult Services business will allow the Cambian Group to focus on being a market leading provider of specialist children's services, where the Board sees significant opportunities for margin improvement and growth," said chairman Christopher Kemball

Cambian was now a pure children's behavioural services and specialist education business, offering a full range of essential services from therapeutic fostering through to specialist schools and residential care, covering autism, mental health, and sexual abuse and exploitation.

At the end of 2016, it managed 224 facilities and employed more than 4400 staff, looking after 1270 children and young people.

"Our Board believes that we have a significant opportunity to grow the business through a combination of organic growth and prudent bolt-on acquisitions," it said.

In addition to our cash balances, the company had secured, subject to documentation, a medium-term revolving credit facility of £30m to support its measured growth plans.

The board's current intention was that, in the medium term, net debt would not exceed 1.5-times Adjusted EBITDA.

"The year has started overall in line with the Board's expectations as we continue to grow our occupancy levels."

Cambian also said it intended to resume its progressive dividend policy this year and expected to pay an interim dividend for the first six months of the financial year.

Revenue was £182.1m, from £160.7m. Pre-tax loss was £37.4m, from £10.7m. The result was dented by £29.8m of finance costs, from £8.8m previously.

At 11:00 BST, shares in Cambian were up 4.58% to 159.75p each.

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Cambian Group Market Data

Currency UK Pounds
Share Price 157.60p
Change Today 0.000p
% Change 0.00 %
52 Week High 235.00
52 Week Low 153.00
Volume 0
Shares Issued 184.20m
Market Cap £290.30m

Cambian Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
32.43% below the market average32.43% below the market average32.43% below the market average32.43% below the market average32.43% below the market average
29.03% below the sector average29.03% below the sector average29.03% below the sector average29.03% below the sector average29.03% below the sector average
Price Trend
14.67% above the market average14.67% above the market average14.67% above the market average14.67% above the market average14.67% above the market average
31.43% above the sector average31.43% above the sector average31.43% above the sector average31.43% above the sector average31.43% above the sector average
Income
66.10% above the market average66.10% above the market average66.10% above the market average66.10% above the market average66.10% above the market average
69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average
Growth
56.21% below the market average56.21% below the market average56.21% below the market average56.21% below the market average56.21% below the market average
75% below the sector average75% below the sector average75% below the sector average75% below the sector average75% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 4
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Cambian Group Dividends

  Latest Previous
  Final Interim
Ex-Div 05-Jul-18 05-Oct-17
Paid 31-Jul-18 31-Oct-17
Amount 0.39p 0.14p

Trades for --2018

Time Volume / Share Price
0 @ 0.000p

Cambian Group Key Personnel

Chair Christopher R M Kemball
CEO Saleem Asaria
COO Anne Marie Carrie
CFO Anoop Kang

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