Nmc Health Share Discussion Threads

[philo124] 23/3/2016 18:34

Ok, new ath today.

[philo124] 22/3/2016 08:15

Sure, I'll calm down.

[gargoyle2] 22/3/2016 05:31

Defying gravity here. Pullback today?

[hawks11] 21/3/2016 20:00

It's a share Phil, not a horse in a race. The race will be running for quite a time I suspect.

[philo124] 21/3/2016 16:07

It's trying hard.

[philo124] 17/3/2016 20:03

Thru £10, great.

[aishah] 16/3/2016 23:31

Yes, nice break out. Up over 35% since I added last August. Lots more to come here imo, dyor.

[mfhmfh] 16/3/2016 18:28

beat me to it...break out!

[startshare] 16/3/2016 16:52

Broken, nice!

[aishah] 15/3/2016 11:38

Abu Dhabi’s NMC Health reported a 10.6 per cent jump in net profit to US$85.8 million last year as it added patients on the back of acquisitions and new hospitals.

Revenues touched $880.9m, a 36.8 per cent rise over 2014.

The London-listed group increased its bed count to 537 at the end of last year from 287 beds in 2014, an 87.1 per cent increase.

It also recruited more doctors and had 817 physicians at the end of last year, an increase of 35.5 per cent year-on-year.

NMC’s net profit margin declined to 9.7 per cent as it acquired businesses and added new facilities. Its net cash inflow from operating activities declined to $84.1m last year, compared with $85.7m in 2014, attributed to working capital requirements. It had cash of $177.4m at the end of last year, down from $263.2m at the end of 2014.

The results were in line with expectations, according to ­Asjad Yahya, an analyst at Shuaa Capital, the Dubai-based investment bank. “NMC remains my preferred pick in the [Arabian Gulf] healthcare sector," he said.

hxxp://www.thenational.ae/business/economy/abu-dhabis-nmc-health-lifts-profit-thanks-to-new-acquisitions

[aishah] 14/3/2016 09:18

Looks like they beat on revenue (868m-fcst vs 880m-actual). All to go for yet:

"We expect a good year for the UAE economy in 2016 supported by a reasonable GDP growth of around 3% despite the lower oil prices, based on forecasts by leading rating agencies. However, for the local healthcare sector the key accelerating driver of growth will be the on-going adoption of mandatory healthcare insurance in Dubai and the expected increase in covered patient rising from 1m to 3m according to Dubai Healthcare Authority (DHA). Most specifically for NMC, we expect strong growth coming from our enlarged network, its growing specialisms and the introduction of higher value added services especially through our single specialty verticals."

Might add more on any weakness. dyor

[mfhmfh] 14/3/2016 08:56

results too complicated for me to understand but look good

[philo124] 14/3/2016 08:30

Complicated but thought they were good and 2016 should be excellent.

[hawks11] 09/3/2016 16:56

Scintillating stuff Phil, we haven't returned to where we were in late January yet.

[hawks11] 09/3/2016 16:51

Scintillating stuff Phil, we haven't returned to where we were in late January yet.

[philo124] 09/3/2016 16:28

Good close.

[philo124] 09/3/2016 00:24

£11 next week is possible.

[philo124] 08/3/2016 19:11

Website for their services pretty good. Still sticking to my £15 target.

[mfhmfh] 08/3/2016 16:28

250 bed hospital opened with potential to double to 500 beds. Cross selling from the IVF business we've taken over. More upside to come. IMHO.

[philo124] 08/3/2016 16:10

Monday 14th march.

[melf] 08/3/2016 11:54

There we are.....I guess they've been a bit busy with the opening of new hospital this year.

[philo124] 08/3/2016 07:35

Will try to find out, meanwhile, rns today.

[mfhmfh] 07/3/2016 21:53

Anyone have any idea when results are out? It was 24th February last year. I emailed the company but no response.