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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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NMC Health - Gain to date: 858%

August 2018

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.

  • Epic Code:
  • NMC
  • Price:
  • 3478p
The shares climbed to a new high of £38 after NMC announced a new joint venture with Hassana, the investment arm of the largest pension fund in the Kingdom of Saudi Arabia (KSA) to jump-start growth in this oil soaked country, ranked 12th richest at US$55,000 / head by the IMF in 2017.The JV will consist of a new national healthcare company in the KSA, comprising existing assets owned by both NMC and Hassana. It will have a combined bed capacity of 1,489 beds (664 owned by NMC and 825 by its partner) and while NMC will hold a voting majority, the exact stake will be subject to final terms. NMC originally invested around US$200m in these assets but the deal will see its share re-valued by at least 50%.This is an exciting ...

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