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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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NMC

February 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:
  • 3102p
The shares spiked towards their highs after NMC announced the acquisition of the remaining minority interests it didn’t already own in IVF specialist, Fakih IVF and As Salama hospital for a total consideration of c. US$218m. The deal implies an exit PE of just 10x and is therefore highly eps enhancing. Jefferies estimates eps rising 6.5% in FY’18 and 4-5% thereafter. The deal will be settled through a 27%:73% cash to shares spilt.Jefferies states the deals should better position NMC to accelerate and expand its fertility business. New IVF clinics already opened in UAE and Oman in 2017 with a move into Saudi Arabia expected shortly.NMC, a TMI Trader Portfolio constituent, continues to be a phenomenal share. We ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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