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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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NMC Health - Another eps enhancing acquisition

March 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.

  • Epic Code:
  • NMC
  • Price:
  • 1735p
Shares in NMC, which owns and operates private hospitals mainly in the UAE, have performed terrifically since we tipped them at 363p in December ‘13 and added them to the Trader Portfolio at 470p in Jan ‘14.Much of the gains have come from an aggressive acquisition program and last December it announced the eps enhancing purchase of Al Zahra Hospital for US$560m, funded through a placing of 18.6m shares at 1375p to raise US$324m and new debt. Founder and CEO Dr BR Shetty and other directors have subscribed for US$170m of the new shares.The Al Zahra hospital is located in Sharjah (complementing NMC’s seven existing outpatient medical centres), operates 137 beds and serves 23,000 inpatient bed days and 400,000 outpatients each ...

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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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