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The mkt cap of less than £250m is crazy. Forget Mediclinic buying, at this rate the NHS may have a go...
I understand a Euro wide ban on short selling is in hand.
With the NHS stopping elective procedures I’m surprised this sp is still falling. Surgeons should be racing to private hospitals to carry out operations in their facilities if they can’t use the NHS operating theatres.
If the NHS want SPI to help maybe they should suggest that they are more than happy to help and in return they could ban short selling on their stock. Problem is the Government won't ban it as some of their biggest donors are hedge funds... At least when everyone has sweet FA we can go and loot their houses...
Thank you Analysister.
I am surprised that Mediclinic haven't made a move before but as you say they will struggle to grow the business in SA due to competition concerns. The problem if they do offer now it will be likely to be a low ball offer and I can't see the SPI bod accepting or recommending it. We shall have to wait and see...
Best of luck.
You kind of feel that Mediclinic has to make a move here at some point soon. They must be struggling to grow their business at home in SA and having made the case for the original investment in Spire at a much higher share price (and exchange rate) and having held it for this long perhaps now is the time to give SPI shareholders a decision to make!!!
SPI is better placed than most in these circumstances and will have a lot more customers than airliners unfortunately. No doubt the NHS will be trying to get a grip on coronavirus whilst transferring a lot of medical procedures to private operators. I am going to continue to hold and add. GLAH
It’s because the market knows Spire would much rather be performing elective, private surgery procedures than filling their beds with NHS patients.
Its just capitulation in every sector...
In the meantime, can anyone explain why SPI now has nearly guaranteed 100% utilisation of as many beds as it can make available over the next 4 to 8 months and the market responds with a drop in SP of more than 10% ?
Could there be more news tomorrow concerning the nhs link
On standby at a premium great buy
The RNS could help a few p today let’s hope. I don’t understand why this has been hit so hard. I know normal operations would stop, but I always thought Spire would need to support in this crisis.
Spire Healthcare Swings To Annual Profit On Absence Of Impairments
Thu, 5th Mar 2020 10:53Alliance News
(Alliance News) - Spire Healthcare Group PLC on Thursday kept its dividend flat for 2019, as the private hospital operator swung to a profit on robust revenue growth and absence of exceptional costs.
Spire Healthcare, in which London and Johannesburg-listed Mediclinic International PLC holds a 30% interest, reported pretax profit of GBP9.6 million for 2019, compared to a loss of GBP5.6 million the year before.
Spire's profit performance was helped by absence of impairment charges. In 2018, the company recorded an impairment charge of GBP12.6 million relating to Spire Alexandra hospital, and a GBP3.6 million write off associated with the potential site development in Milton Keynes, Englan
RNS
"Any claims arising as a result of this process should be met by Mr Rahman and his insurance. We do not expect the Company to have a material financial exposure to such claims."
Rerun of the Paterson scandal . And at the same hospital??
It cost SPI £27 m last time.
"Linda Millband from Thompsons Solicitors, who is representing the woman, said: "A second patient recall and another rogue surgeon operating unnecessarily at Mr Paterson's old private hospital suggests systemic failings."
Solicitor looking for claimants
https://www.thompsons.law/news/news-releases/medical-negligence-news/controversy-stalks-spire-healthcare-amid-reports-of-new-surgery-scandal
Ouch
Have underperform on SPI yet have put a buy on MDC. Broker recommendations are an absolute joke today and I don't know why the market gives them any credence. Take Liberum for example they had a sell rating on LMI of 15p they are the equivalent of over 200p now yet they had a buy on SXX with a target of 70p yet they are now 5.5p. They are either working on someones behalf for their benefit or they are a bunch of muppets...
This seems very fishy and no doubt we will see what transpires here.
Totally agree and i hope it is taken over for 200p plus
Ditto. Has to be a prime candidate. SP needs to kick on - and it may with FY presentations in the City. Exec have delivered on their promises. Expect they will want to expand their oncology partnership in the near future.
In line with expectations and further reduction of debt. Good base to move onwards and upwards. I still think this will be taken over this year.
100notout - yes re shorts, almost at 52week high and suspect that 2020 might bring a circling shark or two. Merry Xmas all holders and GLA for 2020. GW
Reduced short on 17 Dec to 0.69%. They probably realise that Spire are a possible takeover target for 2020.
Wonder if now the Cons are in for 5 years interest in a takeover may arise. If not with a new spending spree and waiting lists up, there could be a lot of NHS work coming Spire’s way ;)