||EPS - Basic
||Market Cap (m)
|Health Care Equipment & Services
NMC Health Share Discussion Threads
Showing 376 to 399 of 400 messages
|HSBC lifts target from 1460p to 1800p.|
|Seems to be heading north.Nice|
|Nice breakout; and strong into the close, too - augurs well, I think.|
|It is now.|
|New ATH I think.|
|Yes, me too. Good luck. £21/22 poss within a year.|
|Hi folks. I took a position here yesterday.
I thought 1500p looked a significant hurdle to have cleared.|
|Jefferies reiterate BUY. Ups target by 105p to 1930p.|
|Thanks, was out all day.|
|NMC Health plc
(the "Company" or "NMC")
Proposed acquisition of the Al Zahra Hospital for AED 2,058 million (approximately US$560 million)
Strategic, accretive acquisition adds one of the largest private hospitals in the UAE and helps accelerate NMC's presence in the growing Sharjah healthcare market
-- NMC Health plc (LSE:NMC), the leading integrated healthcare provider operating across the United Arab Emirates (the "UAE"), is pleased to announce the proposed acquisition (the "Acquisition"), subject to certain conditions and approvals, of Al Zahra Hospital in Sharjah (the "Al Zahra Hospital") from Gulf Medical Projects Company ("GMPC") for AED 2,058 million (approximately US$560 million).
-- The Al Zahra Hospital is one of the largest private hospitals in the UAE, operating 137 active inpatient beds, serving approximately 400,000 outpatients and 23,000 inpatient bed days per year.
-- The Acquisition complements the NMC group's (the "Group") existing network of seven out-patient medical centres in Sharjah, the third most populated emirate in the UAE, to further strengthen the Group's position as the largest private healthcare provider in the UAE and in the Gulf Cooperation Council (the "GCC") region.
-- The Al Zahra Hospital has demonstrated a strong track record of growth and for the year ended December 2015 achieved revenue, EBITDA and net profit of US$130.4 million, US$43.5 million and US$38.8 million respectively.
-- The Directors of NMC (the "Directors") have identified approximately US$6.5 million of annual cost synergy benefits from the second year post completion of the Acquisition onwards. In addition to these initial cost synergy benefits, the Directors believe that there are a number of other operational and synergistic benefits that will accrue over the medium term.
-- In recent years, GMPC has invested significantly in the Al Zahra Hospital, including the addition of a new 17 storey block and three new operating theatres at a cost of US$33 million. The Directors believe that the recent investment in the 17 storey block will drive revenue growth over the medium and longer term as the additional added capacity drives increased patient numbers. In the future, the Directors believe that the Al Zahra Hospital has the ability to expand its capacity to approximately 200 beds with limited incremental investment required.
-- The Acquisition is conditional, inter alia, on shareholder approval. As part of the financing of the Acquisition, the Company is undertaking a Placing of up to 9.99 per cent. of the issued share capital of the Company, as separately announced, and has also put in place new debt facilities.
-- The Company has continued to see positive trading since its interim results announcement. The Directors reiterate the Company's standalone 2016 EBITDA guidance of approximately US$240 million.|
|if I am right the regulatory changes has been around since June this year and this is nothing new. People may have to pay more for their health care but they still need their health care. Investors should stay calm and trust the good records of this stock imo.|
|Their concerns over regulatory changes in Abu Dhabi re long term care.|
|Yes, downgrade. No idea, will try to find out rationale.|
|It has been going down all day today. Could this be to do with JP Morgan's 1420p target today, and how did they come up with such a target price. Anyone has other news??|
|Let's hope it breaks £15 and stays above it.|
|Good close. Raised my target from £15 to £16.50 fwiw.|
|1000 bought at 1446p.|
|No posts for 3 weeks. Good sign.|
|Great, thanks. You were right about the correction.|
|Jefferies reiterates BUY. Ups target(again!) to 1625 from 1570p.|
|but pounded after the breakout yesterday . Should resume uptrend soon .|