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" That’s one hell of a misjudgement."
yes...and the City didnt think they would achieve it from the first day...and have been "concerned" about their guidance ever since
Only 14 months ago the CEO gave a Strategy Presentation with £200million ebitda as their target in a couple of years. Looks like they will do well to hold on to £100million of ebitda at the rate they are going!!! That’s one hell of a misjudgement.
Director buys wont make any difference ....too many external factors affecting sentiment right now
Far more useful will be H1 results on 16 September and the guidance for H2 (which they arent good at )
Agreed, but people have got to want to join this Board.
If directors are not buying at these levels then they should be replaced by people that believe in the company.
My worst too, in % terms and absolute terms. Thought I was buying a steady 5% a year return stock backed by real estate assets and one of the most reliable revenue streams out there. I got in when Woodford added, his comment around 'an aging population requiring more healthcare' looks laughable.
Got to feel for Spire. Lots of headwinds facing the pvt hospital business. Looks like the PM is going to pump capex into the NHS buildings rather than trumpet the private sector as a solution. Surgeon pensions also will be impacting the number of procedures carried out and hopefully the PM will sort that pension anomaly ASAP. Falling PMI trend set to continue imo. Cost pressures for all staff employed across the country. Ray of light in the private pay market, but that requires big capex spend to keep hospitals competitive and technically advanced. Not much can be done with that debt burden plus hospital and equipment lease liabilities growing. GLAH. I’m hurting too.
Now my worst investment ever ... takes some doing. Directors hardly helping the SP. When was last time they bought any shares or take any remedial action. Should I average down? Bargain or further to fall?
This often bounces of the 100p ish level ...BUT
"The Group buys directly from UK suppliers, but our due diligence indicates that around 80% of the goods (other than blood) that we use to operate our hospitals come into the UK from or via the EU. "
"Our supply chain currently operates on short ordering times and low inventories. If a no-deal Brexit results in border checks causing delays or shortages due to other supply chain factors, then our supply chain may be disrupted. "
Whilst they will have put in work to reduce supply issues the market will no doubt red-flag such companies if No Deal does become more and more likely
I notice the recent trading update ahead of the AGM ...jeez what a waste of time..... what exactly are the market expectations?....in the Final Results the Outlook for 2019 wasnt exactly exciting and the wording pretty dull and very short on detail
" in 2019 we expect a return to modest revenue growth, offset by mix and the full year effect of investments in quality. This outlook reflects a measured approach whilst the NHS remains an uncertain market. "
This company is really c*ap at giving forward guidance ....and the City knows it
www.bloomberg.com/news/articles/2019-07-30/johnson-aims-to-meet-brexit-bus-pledge-with-health-care-boost?srnd=premium-europe
Oh, focusing on Police this week, maybe in the next few weeks healthcare, and waiting lists.
Got some more this morning, hopefully with bojo rushing to show he's doing things, a quick win for him would be to spend money to reduce waiting time. All we need is an announcement before the half yearly results.
Yep, i bought in suspecting the May government would fall, there would be a general election, that Labour had a good chance of winning and would necessarily have to buy lots of extra capacity to deliver a discernable improvement in waiting times. I got most of that wrong, although we do seem to have arrived in the same place even though the journey has been by a different path. Outcome is the same for investors, an upturn in prospects.
BOJO has just said he wants “officials look to in to policy’s to drastically reduce waiting times”. Could be good, if he’s still in office by 31st Oct.
I think it's just a matter of time before we have an offer here. The question is if they go in soon or wait for Brexit to happen.
.....oversold to me. GLA
Thanks Sunshine ... Spit
This very website suggests :-
Final Ex-Dividend Date 30-May-2019
Final Dividend Payment Date 25-Jun-2019
Has anyone received the dividen?.Was it due on 31st May? Spit
TODAY AND THECSP HAS RISEN BY 3.4%.......this bodes well for a mid term rekcovery ? ANY VIEWS HERE
Seems like the right decision to call off the Milton Keynes Hospital development. Eases pressure on debt/covenants and there’s (I suspect) nothing stopping Spire from re-engaging when Brexit is finally resolved - and that appears to be no time soon. Market reaction so far, albeit on low volumes, appears to be positive.
Do you have evidence for this or just a good old de-ramp ?
i got up bit late this morning and there is so much news to read this morning . TCG, AAZ, INDV, and many more.
nice turnaround here 124p to 134p
Why do you think that the share price will dip below a pound again? Are you basing yourselves on the recent broker forecasts or do you have other insights ?