Nmc Health Share Discussion Threads

[blocker2] 02/2/2017 20:56

Nice and steady

[philo124] 02/2/2017 18:46

1700p breached.

[philo124] 12/1/2017 08:08

HSBC lifts target from 1460p to 1800p.

[blocker2] 05/1/2017 19:05

Seems to be heading north.Nice

[saucepan] 29/12/2016 17:27

Nice breakout; and strong into the close, too - augurs well, I think.

[philo124] 29/12/2016 15:48

It is now.

[philo124] 28/12/2016 11:48

New ATH I think.

[philo124] 21/12/2016 10:49

Yes, me too. Good luck. £21/22 poss within a year.

[saucepan] 21/12/2016 09:48

Hi folks. I took a position here yesterday.

I thought 1500p looked a significant hurdle to have cleared.

[aishah] 21/12/2016 08:50

Jefferies reiterate BUY. Ups target by 105p to 1930p.

[philo124] 19/12/2016 08:11

£20k up.

[philo124] 19/12/2016 08:09

£15!

[philo124] 14/12/2016 16:19

Thanks, was out all day.

[aishah] 14/12/2016 09:38

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.

[philo124] 04/11/2016 11:50

Agree totally.

[joseph1818] 04/11/2016 09:58

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.

[philo124] 04/11/2016 07:02

Their concerns over regulatory changes in Abu Dhabi re long term care.

[philo124] 04/11/2016 06:27

Yes, downgrade. No idea, will try to find out rationale.

[joseph1818] 03/11/2016 15:31

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??

[philo124] 02/11/2016 10:44

Let's hope it breaks £15 and stays above it.

[philo124] 19/10/2016 17:41

Good close. Raised my target from £15 to £16.50 fwiw.

[philo124] 14/10/2016 14:05

1000 bought at 1446p.

[philo124] 03/10/2016 22:13

No posts for 3 weeks. Good sign.

[philo124] 13/9/2016 08:52

Great, thanks. You were right about the correction.