Updates

Al Noor Hospitals - VPSâ€ˆHealthcare and NMC could yet gatecrash agreed Mediclinic offer

December 2015

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.

Al Noor has agreed a reverse takeover from Mediclinic. If it goes through, the enlarged group would become the third largest private healthcare provider in South Africa, the biggest in the UAE and the largest private medical network in Switzerland. It would have 73 hospitals with around 10,200 beds and 35 clinics and pro-forma revenue of US$4 billion for the fiscal period 2014/15, comprising 46% from Switzerland, 31% from South Africa and 23% from the UAE.Under the deal Al Noor’s shareholders will receive a special dividend of 328p, plus the option to tender their shares for cancellation, to take their total payout to 1160p.At the eleventh hour two more bidders have entered the fray including VPS Healthcare, which ...

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Al Noor Hospitals - In merger talks (November 2015)

Al Noor Hospitals - Shares hit by director sale (June 2015)

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Al Noor Hospitals (June 2014)

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Al Noor Hospitals - Hospitals group forecast to grow eps 88% over next three years (October 2013)

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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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