It was a poor finish to be fair from the intra-day high of 234p but of more concern is the inaccuracy and misleading reporting on the London Stock Exchange even when we are analysing large and highly significant multi million pound trades. Those three separate million pound trades were obviously buys pushing the SP up 5% this afternoon but were reported as sells. It is a disgrace and reflects the rogue and dirty nature of the markets in general. We get an RNS for a slight increase in holdings by Goldman Sachs but where is the holdings RNS for whoever has been dumping this stock from 320p to 220p? Has it got lost in the post or will it not ever be disclosed by this dirty market?
11:48 221.40p 925,000 �2,047,950 Sell NT
11:48 221.40p 575,000 �1,273,050 Sell NT
10:08 223.75p 417,746 �934,707 Sell NT
Looks like these were all buys but reported as sells by LSE.
Well here is the most recent one - JULY 2017.
Mediclinic closed UP 3.3% today BTW (!)
https://www.digitallook.com/news/m-a/rumours-resurface-of-takeover-bid-for-spire-healthcare--2766680.html
Spire Healthcare is now in the crosshairs of its major shareholder, Mediclinic International, according to a report.
According to Wallstreetwires's Zak Mir, rumours indicate that Mediclinic, which already owns 29.9% of the private healthcare provider, was now minded to take over the entire company.
Last year, analysts at JP Morgan Cazenove reportedly suggested Mediclinic might offer a 35% premium for the whole of Spire.
Previously, the rumour mill had bandied about the possibility that Mediclinic might be willing to pay a 30% premium, in conjunction with Morgan Stanley, Mir said.
Another very disappointing week then.
Some people are still selling. Why?
If this is because another profit warning is around the corner because of perhaps less NHS referrals then I will be making a formal complaint to the FCA because it will show blatant insider trading and a massive leak of information yet again.
We need some balanced views here because I can not understand why anyone would be selling their shares at these prices.
So where are the short sellers and the doom and gloom merchants?
List the negatives here and why people are selling 50% below the 52 week high?
If Spire shut their hospitals and did no business at all in H2 their P/E would still be the same as Mediclinic!
Think about that for a moment.
Madness.
Any views welcome.
Are any of you shorting this?
I think most of us on here have followed markets for years.
For an SP to be so tightly controlled day after day now is unusual.
RSI 15.
This is not some basket case mining company riddled with debt about to go bust.
Just had another look at the annual report for full year 2016.
Basic EPS was 19.2p - higher than I expected.
With revenue now expected to 'only' be flat in H2 compared to 2016 and a reduced EBITDA of 0.7% in H2 vs 2016 that still gives a very low forward P/E of 11.7*
*(excludes one-off settlement costs/exceptionals)
Mediclinic is trading on a P/E of 22.
Mediclinic had their own sell off recently from 750p to 640p
They have started rising these past few days though and are now sat at 664p
A much more usual response to a sell off.
I repeat Spire is behaving very strangely.
It has now been over 3 weeks - a 30% drop in SP and not a single reduced holdings RNS?
Is Spire healthcare really that boring and uninspiring that there is no appetite for the shares??
Bizarre.
Royal Mail invokes Agenda for Growth: all legal options will be used
Royal Mail (RMG.L) has today received confirmation from the CWU that it is planning two days of industrial disruption at or after 11am on Thursday 19 October to before 11am Saturday 21 October 2017. This follows the CWU's announcement on 3 October of its ballot result in favour of industrial action.
Royal Mail is very disappointed by this announcement from the CWU. The Company is committed to further talks as a matter of urgency to reach agreement with the CWU. There are no grounds for industrial action. We want to reach agreement.
Royal Mail will be writing to the CWU invoking the external mediation process under the dispute resolution procedures in the Agenda for Growth. These legally-binding dispute resolution procedures were set up as a vehicle to resolve industrial disputes. We wish to use them to do just that. Royal Mail will use all legal options at its disposal, including applying to the High Court for an injunction to prevent industrial action.
In 2013, Royal Mail and the CWU committed to the Agenda for Growth - a legally binding agreement. This agreement contains contractual dispute resolution procedures. Both sides are required to follow them once instigated. They escalate to independent external mediation, which we expect will take close to Christmas to be completed, and may be longer.
External mediation as set out in the Agenda for Growth agreement has not yet taken place. A clear mechanism for instituting these procedures is set out in writing in the Agenda for Growth. It includes: a) Formal notice of a referral to external mediation from one party to the other; b) The appointment of an external mediator through the mutually agreed process and; c) A comprehensive mediation process which includes the mediator preparing a detailed report, including recommendations for both parties. None of these processes have happened yet.
I saw it with Dixons ****hone recently.
Massive sell off from 250p. Was held around 160-165p for a while then suddenly shot up to 195p.
Other shares like Berendsen were taken over.
Union in Royal Mail strike accused of hypocrisy over pensions
The union threatening to bring the Royal Mail to a standstill has been accused of hypocrisy as it emerged that they are making similar changes to their pension system as those they are striking over.
The Communication Workers Union (CWU) balloted in favour of a walkout in a row over the company's decision to close its final salary pension scheme, but made no mention of the fact that they have been forced to reconsider their own generous arrangements for their staff.
The CWU's General Secretary Dave Ward has also repeatedly criticised Royal Mail claiming that they have "sucked almost �1billion" out of the company to give to share holders which are "predominantly hedge funds" - despite the union's pensions being invested in hedge funds.
Royal Mail said in a statement that a legally binding agreement was made when the company was privatised in 2013 that any dispute would first be escalated to external mediation, which would not be completed much before Christmas.
***Any strike before such mediation was completed could lead to legal action for an injunction.****
http://www.telegraph.co.uk/news/2017/10/04/union-royal-mail-strike-accused-hypocrisy-pensions/
Oct 4 (Reuters) - British drugmaker Vectura said its asthma inhaler Flutiform had made favourable regulatory progress in Europe, and it can now apply for approvals through its partner.
Vectura said its partner Mundipharma confirmed a "successful outcome" for the inhaler, when first assessed by the UK medicines and healthcare products regulatory agency -- which covers 18 countries across Europe.
"This positive DCP outcome is an important step in the regulatory process and Mundipharma can now begin to apply for national approvals and reimbursement in the European countries covered by this procedure", Chief Executive Officer James Ward-Lilley said in a statement on Wednesday.
Sell offs into the close seem to have abated for now but the first hour sees a string of sells pushing the SP down to 220p - then a recovery. Finished slightly down today - we need to see some positive momentum here.
RSI of 15 means this remains very oversold and a seller is not done yet but where is the holdings RNS to show who is dumping because Woodford - largest stake here by far - certainly is not.
Yes it is 100% correct.
Even with the pensions issue Royal Mail has one of the best balance sheets on the FTSE350.
Assets £8.3Bn
Liabilities £3.3Bn
Net Assets £5Bn
Shares in issue ~ 1Bn
Book price = £5 i.e. 500p/share
Currently trading 25% below book price.