Updates

Spire Healthcare

November 2024

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.

Interims were a touch below forecast with EBITDA up 11% to £130.6m on sales up 13% at £762.5m. However, full year guidance is unchanged with £15m targeted cost savings being H2 weighted. Private Medical Insurance (PMI) grew nearly 10% to £336m with average revenue per customer up 4.2%, reflecting an increase in referrals and ongoing growth of the medical insurance market. Self-Pay declined 3% to £173m, driven by competitiveness and some patients of working age switching into PMI. NHS sales grew 5% to £179m thanks to increasing referrals and a small uplift to prices while the emerging “Other Services” (including mental health talking therapies and musculoskeletal) rose by half to almost £25m. It’s a slow burn for now ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Volution - Fantech deal drives shares £1 higher

Vistry - Shares hit new high above £14

Spire Healthcare - Hospital group benefiting from longer NHS waiting lists (July 2024)

Spire Healthcare (December 2017)

Spire Healthcare (November 2017)

Spire Healthcare (April 2017)

Spire Healthcare - Shares close in on Â£4 (November 2016)

Spire Healthcare (June 2016)

Spire Healthcare - Lack of NHSâ€ˆfunding reduces referrals (October 2015)

Spire Healthcare - Remgro acquires Cinven stake for 360p-a-share (August 2015)

Spire Healthcare - Private hospitals group on track for double digit growth (March 2015)

Spire Healthcare - Private hospitals operator to benefit from improving UK economy (October 2014)

Spice - Softer trading in gas side (April 2009)

Spice (February 2009)

Spice (October 2008)

Spice - Revenue Assurance nicely bedding in (August 2008)

Spice (December 2007)

Spice - Acquires Revenue Assurance (September 2007)

Spice (February 2007)

Spice (January 2007)

Spice (December 2006)

Spice Holdings - Shares establish new uptrend (September 2006)

Spice Holdings (July 2006)

Spice (April 2006)

Spice Holdings (March 2006)

Spice Holdings - Take some profit (January 2006)

Spice Holdings - More earnings enhancing acquisitions (October 2005)

Spice Holdings - Another earnings enhancing deal (August 2005)

Spice Holdings (March 2005)

Spice Holdings - Earnings enhancing deal (January 2005)

Spice Holdings - Acquisitive support services firm (October 2004)

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