Better performance now level 2 more perky |
During nov and early dec - is that one of the roughest H&S ever seen? If it is this will be going down soon as H&S formations typically reverse next. Any chartists looking in?
I have bt in here several times before and I want to buy again, but preferably buy low.
rgds, pete |
A real struggle going on around the 222/228p area, but might be a losing battle. Without new news, it's on it's way down in my reckoning. I'll look in again in a few days. pete |
FWIW – That guy Robbie Burns (aka Naked Trader) said the following on his thread yesterday.
''I've added some more Spire: it's made what looks a decent acquisition of the Vita Health Group. Spire always seems to have a massive debt but this is ok here as it has a ton of property assets that more than cover the debt pile. This acquisition should make Spire even more valuable and you wonder perhaps next year whether a big US provider might be tempted to take it.''
He has followed the ups/downs of the SPI chart for a few years and currently has three recent buys open at around the 209/213p area. |
Double bottom - really promising chart.
However, also a bit puzzling as large numbers selling.
Chart wants to rise, but short term traders quitting.
Any chartists here? |
Hopefully, this is near enough the bottom share price again.
Plenty of modest buys today. |
General remark Jubber.. not aimed at you. Keep posting, I find your comments of interest. pete |
Peters in the market
Noticed you comment as to avatar
Just for info
Not my style only the one avatar
Good luck |
Nice, good infill deal. DYOR |
An unecessarily lengthy announcement imo, but the outcome looks positive for SPI.
The following extracts tell most of the story:
''19 October 2023: Acquisition of Vita Health Group....... a market-leading provider of mental and physical health services in the UK, for a net cash consideration of c.GBP74m.............The Acquisition is expected to be earnings accretive........................Following the Acquisition, the in-year contribution Vita is expected to deliver to the Group for the remainder of 2023 is revenue of c.GBP19m.'' |
Looks like a decent acquisition |
Looks like 235p was top of range. Missed as was on holiday |
Many people are exasperated with the NHS and are raiding their savings to pay for private health services. Also NHS have agreed to use private hospitals if they cannot provide certain types of care in a timely manner. At great expense, two local families close to me have recently paid for eye-saving cataract operations and a knee replacement after being told they could not receive the necessary surgery within less than 18 months. SPI has an excellent long term future, regardless of this low share price and short term volatility. |
Well March 23 peak was nearer £2.50, so with the de-leveraging, why can't we see that sort of level as a starter for ten IMO? DYOR |
Hope not, hoping for 235p! |
Reached the top of the trading range now? |
Tv advert good on gb news and sky sports |
Thanks, but looks as though some buying interest this morning which is great.
I think as they de-leverage to say around 1.5 and continue to improve EBITDA, this will begin to motor. As I have said, 8m on waiting list per BBC news last night, more & more people will go private DYOR |
Delayed reaction! |
Thanks Kalai1 |
Spire Healthcare plc posted its HY Report for the 6 months ended 30th June 2023 this morning. Revenue was up 13.1% vs H1 22 to £676.5m, driven by continued strong demand, adjusted EBIT was up 24.2% vs H1 22 to £67.8m and adjusted EBITDA was up 11.4% vs H1 22 to £117.9m. Statutory profit after tax was up to £12.7m (H1 22: loss of £0.6m). Meanwhile the balance sheet improved, with net bank debt / EBITDA covenant ratio of 2.1x at 30 June 2023 (2.2x at the end of FY22.) Valuation still remains a headwind to the investment case with forward PE ratio at 25.3x and dividend yield a little feeble at 1.15%. The share price also lacks positive momentum and has been drifting sideways for 2 and half years. SPI remains a share to monitor for the time being...
...from WealthOracle |
Fairly decent but you like you say been range trading for a while. 20% return would do me |
Thanks. I was in Totally then recent crash, so waiting to find right opportunity there again, private healthcare should be a nice earner IMO! DYOR and GLA |
Good point QS.
I would say many on here have used private health care like Spire …
It is first class.
Not cheap but certainly a first class service. |
It would be great if there was a takeover bid. What do you think the real likelihood of that is ? The share price has been consistently low now for some time with no apparent outside interest. |
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