Progress going forward3 Aug 2013 21:40
It's usual for the results date to be announced around mid September and then for them to be released a week later so don't expect any update until around then.
Last update indicated investment options being considered for circle Manchester, the other two private hospitals by now should be up to full steam and creating profits.
The challenge is as more business is tendered for circle does not as yet have enough cash flow to cover this and continue. The last raising was all institutional, netted around £46 million at 70 pence offer.
It's difficult now at this price to see another raising. Everything is according to plan against circle comments, the Nottingham contract was important.
Next steps, circle manchesters, capita now to support tenders, there is obviously some gain here and sufficient cash flow to break even in the next 12 months.
Expect and hope for private hospitals doing well, hintchinbrooke close to break even and around £30 million at least still in the bank.
I am back on a buy now for this, especially in Isa.
With the people and state of health I see around me in day to day life, the struggles and traditional approaches of the NHS I can see this over the next ten years going only one way, bigger and bigger, more support and more business.