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Pin to quick picksSpire Healthcare Share News (SPI)

Share Price Information for Spire Healthcare (SPI)

London Stock Exchange
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Share Price: 258.50
Bid: 259.00
Ask: 260.00
Change: -2.00 (-0.77%)
Spread: 1.00 (0.386%)
Open: 257.00
High: 260.50
Low: 256.50
Prev. Close: 260.50
SPI Live PriceLast checked at -

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SMALL-CAP WINNERS & LOSERS: Spire shoots up on GBP1 billion takeover

Wed, 26th May 2021 11:06

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

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SMALL-CAP - WINNERS

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Spire Healthcare Group PLC, up 24% at 240.00 pence, 12-month range 72.6p-249p. The private hospitals operator agrees to GBP1 billion takeover offer from clinical practices operator Ramsay Health Care Ltd. The offer of 240 pence per share in cash is 24% above Spire's closing price on Tuesday of 193.00p. The offer values Spire's entire share capital at GBP999.6 million and gives the hospital operator an enterprise value, including debt, of GBP2.06 billion. FTSE 250-listed Mediclinic International PLC, a 29.9% shareholder, has agreed to the takeover offer for its holding. Mediclinic shares were up 7.3%.

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Amigo Holdings PLC, up 11% at 9.2p, 12-month range 4.84p-30.3p. Stages partial rebound after slumping 55% on Tuesday after the UK High Court did not approve the guarantor loans provider's scheme to settle compensation claims. Shore Capital analyst Gary Greenwood on Tuesday said the court decision came as a "shock", adding: "Amigo's directors had previously signalled that the group would be put into insolvency proceedings if the scheme was not approved and claimants would get nothing. As such, by not approving the scheme, the judge (and indirectly the FCA) has effectively called their bluff."

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Zotefoams PLC, up 7.2% at 434.00p, 12-month range 246p-503p. Reports "strong demand" in first four months of 2021, with revenue up 60% on a year before and 14% ahead of the comparative period in 2019. Now expects revenue to be "significantly ahead" of market expectations for full-year, but remains "comfortable" with profit forecasts due to short-term inflationary impacts on margins, a weaker US dollar and planned increase in product and commercial development costs.

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Volution, up 4.5% at 464p, 12-month range 151p-465p. Hits this 12-month high earlier on Wednesday. The supplier of ventilation products could enter the mid-cap FTSE 250 in next week's quarterly UK index review, indicative results from FTSE Russell late Tuesday showed. The FTSE index review will use data from next Tuesday's close, with confirmed rebalance changes announced after the market close on Wednesday, June 2 - meaning the actual results of the review could differ from the indicative changes.

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SMALL-CAP - LOSERS

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U&I Group PLC, down 4.1% at 87.32p, 12-month range 50.97p-102p. The property regeneration developer and investor reports net asset value per share of 163p as at end of March, down from 232p a year before. Pretax loss widens to GBP86.7 million from GBP58.6 million. "We have made some clinical decisions in many areas of the business, resulting in further development and trading asset impairments. Covid-related market issues further added to us reporting hugely disappointing financial results today. I am absolutely determined that these years of underperformance are now behind us," says Chief Executive Richard Upton.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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