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DVC, DCA GROUP LIMITED
bluehavn
post Posted: Nov 3 2006, 12:12 PM
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No market reaction to todays report, hanging at 3.40 is it worth the wait??

 
spottygoose
post Posted: Oct 1 2006, 05:35 PM
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In reply to: bongo67 on Sunday 01/10/06 05:15pm

I'm hoping on another offer .... $3.50 isn't enough to cover me ;(

 
bongo67
post Posted: Oct 1 2006, 05:15 PM
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In reply to: bluehavn on Saturday 30/09/06 09:31pm

Never accept first offer.
Should make at least 4 bucks if enuf shareholder resistance.



--------------------
The best climate data site is :- climate4you
 
bluehavn
post Posted: Sep 30 2006, 09:31 PM
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Well the takeover has come thru at $3.50 any opinions? Sell on market? Maybe another offer?

 
spottygoose
post Posted: Sep 9 2006, 10:28 AM
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DCA dissects multiple takeover bids in $2.5bn private equity raid
Elizabeth Colman, Robert Clow
September 09, 2006
DIAGNOSTICS and aged healthcare giant DCA Group is considering multiple takeover offers in what appears to be a private equity raid which could see the company sold for around $2.5 billion.
Shares in DCA surged 17 per cent or 45c, closing at $3.05, with 42 million shares changing hands yesterday after a brief announcement from the company.

The jump in price valued the company at $1.4 billion.

Following weeks of rumour, DCA Group, Australia's biggest owner of radiology centres, confirmed it had received proposals.

DCA told the Australian Stock Exchange that it was considering "highly conditional proposals regarding the company's ownership from independent parties" and had appointed investment bank UBS as defence adviser and law firm Freehills.

The company did not disclose the bidders, but The Australian understands Ironbridge Capital has expressed interest.

Pacific Equity Partners and Macquarie Bank are also believed to be interested.

Nonetheless, shareholders said that DCA was not under an urgent obligation to accept proposals.

"There's a huge difference between what people view as the price to pay operationally, and what they'd pay strategically - DCA is in quite a strong position," Rob Patterson from fund manager and DCA shareholder Argo Investments said.

Ramsay Health Care, which is Australia's biggest private hospitals provider, decided not to put a proposal to DCA.

"We looked at it but decided it didn't suit us," Ramsay managing director Patrick Grier said yesterday.

Some analysts speculated that a buyer could separate the company's aged care business.

Macquarie and Ironbridge are already investors in the aged care business.

PEP sold its New Zealand-based Guardian aged care business to DCA and has separately looked at MIA, a diagnostic group that has now been merged into DCA.

All bids are likely to be made by consortiums of more than one party.

DCA said it would seek unanimous board approval before accepting proposals.

Market analysts said that a takeover offer that split the diagnostic and aged care businesses would also alleviate competition concerns if the buyers wanted to sell to other operators such as Symbion Health or hospitals provider Healthscope.

But one healthcare market analyst said DCA's existing management was viewed as strong and, as such, an industry operator was not necessarily involved.

The company was also said to have the "best margins in the business" and was heavily leveraged with about $700 million in debt.

"There's not going to be a whole lot of savings," said another analyst, who asked not to be named.

He added that while the hallmarks of private equity were present, the DCA deal was not identical to Coles Myer, which this week rejected a takeover bid by US firm KKR.

DCA last month forecast a modest lift in profit for the year, despite salary costs.

It posted a $73.3 million net profit for 2005-06, up 30.4 per cent, and in line with previous guidance.

However, perceptions that the company was underperforming have persisted since a major profit downgrade in May.

Shareholder Merrill Lynch also this year appeared to dump its 5 per cent stake in the business.





 
spottygoose
post Posted: Sep 8 2006, 12:27 PM
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In reply to: rubba81 on Friday 08/09/06 12:14pm

MELBOURNE, Sept 8 (Reuters) - Shares in Australia's top
private radiology operator DCA Group jumped as much as 11 percent
on speculation that a private equity group would launch a A$1.66
billion ($1.26 billion) bid for the group on Friday.
DCA Group would make a highly desirable target for a private
equity fund because of its secure cashflows from radiology and
aged care, said a source with another private equity fund, who
declined to be named.
"The rumour is there's going to be a A$3.50-a-share private
equity bid this afternoon," said a health care analyst.
DCA shares jumped as high as A$2.88 and last traded up 9.2
percent at A$2.84 a share.
"There has been a lot of volatility in the share price over
the past six months or so and a fair degree of volatility in
volume as well," a DCA spokesman said on Friday, in the company's
only comment on the latest share price jump.
Last month, following a sharp share price rise on speculation
of a bid, DCA Managing Director David Vaux said the company had
received no offer

 


rubba81
post Posted: Sep 8 2006, 12:14 PM
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big move today, although will it continue icon14.gif

 
spottygoose
post Posted: Sep 8 2006, 12:09 PM
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In reply to: spottygoose on Friday 08/09/06 11:32am

well that question has been answered ..WOW what a move!

 
spottygoose
post Posted: Sep 8 2006, 11:32 AM
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In reply to: wallave on Friday 18/08/06 01:53pm

Looks like another rocket under it. Wow - if there is a speeding ticket we might get some answers as to what is causing it. Any ideas? Is there some truth to the rumoured take over? Ideas, anyone....Bueller?

 
wallave
post Posted: Aug 18 2006, 01:53 PM
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In reply to: stanlake on Friday 18/08/06 10:47am

It's got further to go.

 
 


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