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Even more so now! Bizarre overreaction by the market. Only a matter of time here I'd say.

"That of course is if it doesn't sell itself at a distressed price" This crossed my mind as well. Any likely buyers who might take an opportunity to pick this up for a song?

Sorry to hear that Poker. I don't want to sound patronising, but if you use this as a lesson in future and take profits more readily instead of waiting for one big payoff, you might look back on this as quite a helpful experience. You got in at exactly the right time, it's just the selling which you mistimed! Best of luck.

Indeed. This was always a risky prospect, but is almost certainly now in big trouble from here. As great as TW tends to be at spotting duff companies to avoid like the plague, his buy calls are regularly pretty terrible.

You're right Pokerchump - Mediclinic has made a total hash of this, in my view. The share price is continuing to tumble here today and it's nearing the point where I might start considering it a speculative buy again. Probably more a 'buy and hold' this time though, as opposed to last time when I was expecting a bid to come in.

They may well do. It would be an enormous move for them though, completely transforming their UK business. At the moment they're focused almost entirely on very high-end hospitals in London. Taking on the Spire estate would be a big leap. I'll definitely be keeping an eye on this one though!

If it keeps dropping, I may have another look at it as a recovery play. I think the business has a lot to sort out before it's back on a stable footing however, but the new CEO has a good reputation. I bought this after the last drop as I could see a takeover offer coming - without that on the table this becomes quite a bit less attractive to me.

Looks like Spire is fighting this every step of the way. Expect a volatile open this morning. I have to say I'm quite glad I held off buying back in!

I've been weighing this up all day and with 10 mins left until the close I don't think I'm going to pull the trigger and buy back in here. I made a nice chunk on these yesterday, given that I was only in for about 6 weeks. Although it is tempting to aim for another trade around a second takeover offer, there's just too much uncertainty for me to risk it. Best of luck to all those still in however. I hope you wake up to a chunky offer on Monday morning!

The drop this morning triggered my stop and I therefore automatically sold most of my holding for a tidy profit. May look for reentry today if it keeps falling however, as I get the feeling this is far from being over.

Very interesting! Great work guys - I'm keeping a very close eye on this over the next couple of days.

Give it time. This is a great business which is performing well and clearly has the brokers behind it. Probably some profit taking today, but it'll come good if they stay on this path.

It looks as though Mediclinic's interim results are due on Thursday. I agree that tomorrow/Thursday would be a very convenient time to announce a renewed bid for Spire.

He is known for perhaps being a little more direct and 'no nonsense', but is a good operator with an excellent pedigree. (I'm also in Spire, so have looked in to him previously.) A very good appointment in my view.

No justifiable reason for the drop today. Another strong set of results from a business which continues to outperform the market. Much more to come too after a great acquisition in August.

Big week ahead for Spire holders. Fingers crossed this second bid materialises over the coming days.

Pokerchump, clearly you need to make your own decisions how to manage this, but if it helps, what I have done is set a fairly tight 'stop loss' on it. My average is very low here, having bought in at around 250p on the first price drop, then again at around 225p when it continued to fall. (I don't have the exact numbers to hand, but it's there or thereabouts.) Like you, I'm sitting on a tidy profit for what has been a very short term investment. Should the second bid come in (and I still personally strongly believe it will), then I'll sell out at that point. If it doesn't, we can expect a fairly big drop late next week/very early the week after. Hopefully my stop loss will mitigate that and help me hang on to the bulk of my profits either way.

Agreed Neil, I also had the 20th in the diary. That's interesting about the short interest Mulder. I have a fairly tight stop loss set here now, as I'm already sitting on a nice profit, so am keen to ensure that it doesn't get wiped out if a second bid fails to materialise. (For the avoidance of doubt, I am still anticipating a second bid.)

No surprise to see Directors buying at these bargain levels, but great to see nonetheless. I've added a few more myself as planned this morning. With an average in the low-90's, this feels like a great recovery play.

Really impressed. Great financial performance and it sounds like they've achieved a huge amount this year. Massively oversold. My average is about 94p here, so I'm going to look to take another packet of shares before the close today.