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Spire Healthcare

April 2017

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

After downgrading guidance due to NHS tariff cuts and issues at one of its hospitals back in January, Spire duly reported final results showing EBITDA growing just 1% to £162m on revenues up 5% at £926m. Eps rose 5% to 19.2p, helped by lower tax rate of 15% versus a forecast 20%. Net debt was £432m, up from £419m with net debt / EBITDA of 2.7x.The group owns 38 private hospitals, 10 clinics and two specialist cancer centres in the UK and reports across three divisions. Private Medical Insurance revenues declined 1% to £429m while NHS revenues increased 12% to £293m thanks to rising volumes of admissions as the NHS leans on the private sector to cope with higher patient demand. But the picture has ...

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Enquest

Spire Healthcare - Hospital group benefiting from longer NHS waiting lists (July 2024)

Spire Healthcare (December 2017)

Spire Healthcare (November 2017)

Spire Healthcare - Shares close in on Â£4 (November 2016)

Spire Healthcare (June 2016)

Spire Healthcare - Lack of NHSâ€ˆfunding reduces referrals (October 2015)

Spire Healthcare - Remgro acquires Cinven stake for 360p-a-share (August 2015)

Spire Healthcare - Private hospitals group on track for double digit growth (March 2015)

Spire Healthcare - Private hospitals operator to benefit from improving UK economy (October 2014)

Spice - Softer trading in gas side (April 2009)

Spice (February 2009)

Spice (October 2008)

Spice - Revenue Assurance nicely bedding in (August 2008)

Spice (December 2007)

Spice - Acquires Revenue Assurance (September 2007)

Spice (February 2007)

Spice (January 2007)

Spice (December 2006)

Spice Holdings - Shares establish new uptrend (September 2006)

Spice Holdings (July 2006)

Spice (April 2006)

Spice Holdings (March 2006)

Spice Holdings - Take some profit (January 2006)

Spice Holdings - More earnings enhancing acquisitions (October 2005)

Spice Holdings - Another earnings enhancing deal (August 2005)

Spice Holdings (March 2005)

Spice Holdings - Earnings enhancing deal (January 2005)

Spice Holdings - Acquisitive support services firm (October 2004)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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Spire Healthcare

April 2017

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