Updates

Al Noor Hospitals - Shares hit by director sale

June 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.

The sale of 23.37m shares by Astro 11, the vehicle for two non-executive directors, may have temporarily unsettled the shares but the factors supporting the growth of UAE private hospital operator, Al Noor, such as mandatory healthcare insurance, an ageing population and increases in lifestyle related medical conditions, remain intact.This was again illustrated by results, which showed revenues, underlying operating profit and eps rising 23%, 14% and 23% respectively to US$449m, US$85.4m and 69.5 cents. Outpatient volumes rose 19% to 1,992,813 and inpatient volumes increased almost 4% to 42,033 and would have been higher still but for a decrease in admissions at its Khalifa hospital due to ongoing expansion initiatives.The co ...

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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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