The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Liberim Capital
do they cover spi are they a spi broker I DONT THINK SO
Liberim Capital has reiterated a Hold for Spire Healthcare, but has drastically pruned its 12 month target from 176p to 115p. Does this mean that they see SPI as a day trader’s plaything? This re-rating is hardly going to encourage institutional investors. The share price was actually above their prediction at the start of the week until the market downgraded it following the brief statement from the company on Tuesday. I am hoping that this is a ploy to encourage small investors to move their capital elsewhere enabling a takeover candidate to extend their holding at a very low price. For those of us who are significantly invested well above the current trading range,a a takeover is probably our only chance of securing a profit this coming year. At my level of investment, the dividend is 3.3%, which is reasonable, but I did not envisage being trapped at such a low level when I invested in SPI.
Agreed 100%. Buyout is best option and hopefully MDC will realise that too!!
GLA
A concise summary of the key moves over the last year or so Analysister. Thank you.
Another factor is that the CEO has been focused on improving the Clinical and Care Quality within the group, which undergoes regular inspections. There has been a significant improvement in the percentage of hospitals in the first two categories. This should add more confidence as far as potential shareholders are concerned, although the key factor will be whether the group can attract an increase membership of the private healthcare scheme; additionally to reverse the downward trend in NHS referrals that have led to a decrease in revenues. I am only too aware of the political dimension affecting the latter from today’s parliamentary debate; although one of the main Brexit selling points two and a half years ago was the significant increase in funds for the NHS once the contribution currently made to the EU budget ends.
I am convinced that Spire Healthcare is a fixable business; but the timescale for that to happen is likely to be relatively long. I was tempted to sell up on Monday in anticipation of buying back at a reduced price yesterday.. Congratulations to all who did this, as there was a potential 15% gain on offer. I did not purely because I am afraid of trading my considerable holding only to find myself uninvested when a buyout offer materialises. This is still my best hope of returning to profit with SPI this year.
Good luck to all investors here. I hope that your strategy brings in your targeted profit - sooner rather than later.
Ok let's have a sensible discussion on SPI.
1. After their IPO share price rose a bit. Best hospitals are RPI leased not owned.
2. PE house sold out their remaining stake to Mediclinic.
3. Bid made by Mediclinic at over 300p per share.
4. Had CEO & mgt hiatus. CFO left etc.
5. New CEO appointed just over a year ago.
6. Big plans and profit growth touted by new CEO in his first few weeks.
7. Profit warnings followed shortly after.
8. Ebitda on downward trend and close to breaching bank covenants.
9. Massive problem making money from NHS. Private pay tough outside south east England.
Frankly it's been a traders and shorters dream share.
I'm an unhappy but realistic holder btw.
TLW - looks like traders and shorters have moved on today. GLA
Since the demise of the Spire Healthcare share price, the meaningful comments here have withered away and with respect to traders who want to share their buys and sells, is this a forum to do that? That having been said, I was grateful to Pokerchips for his analysis yesterday as this prompted me to carry out further research.
NICE little profit lets see what we can drop to tomorrow :-)
15:51:18 106.2000 100,000 O 106.4000 106.9000 Sell
maybe a smart move. 100k some1 just sold.
thinking of buying back MDC soon. thats not bounced this afternoon.
MMs milking this. back down before close..
I am making money going up now. and happy
EBITDA
2016 - £162m
2017 - £150m
2018 - £120m
Net Debt
2016 - £432m
2017 - £463m
2018 - £457m
Net Debt / EBITDA
2016 - 2.67X
2017 - 3.09X
2018 - 3.7X (or slightly less)
Not exactly making any progress......updated to add Net Debt / EBITDA comparisons
I DO AGREE to a point but look what a £ bought in 16 and what does it buy now ??
The strategic and operational progress reports and guidance for the current financial year, released at the end of February will be critical...
One suspects that the market hasnt exactly been in agreement with the BOD this last year and feels that this BOD are not doing enough to address the current problems that they are facing
I took profit yesterday from a trade and wasnt confident that today would show any changes from the last update in September.....
The BOD are going to have to make some decisions ....they cannot just sit back and "wait" for revenue to return
your funny 2reincarnated. convents ok and still making money worry when it stops making money :-)
EBITDA
2016 - £162m
2017 - £150m
2018 - £120m
Net Debt
2016 - £432m
2017 - £463m
2018 - £457m
Not exactly making any progress....
it will fall further and if there is talk of convents being breached we are talking about big falls.
This looks good Vol Sold 2,510,757
Vol Bought 3,698,876
downbutnotout What chart are you looking at :-)
i'm just telling you what i see on the chart.. it would take something bad to happen like a hard brexit.
dream on if you think it will go to 80. LOL
yes i have the as potential target..96p below that 80p(ish)!
the buck will stop at 96 p downbutnotout
Darkelf99
Yes BUT THEY HAVE not take note and still making a profit :-)
huge support at £1? i don't know about that! its been down to 95/96p once..
resistance now at 102.40p?