Updates

Al Noor Hospitals - Shares hit new high

October 2014

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.

Since our last update shares in UAE-based private hospitals operator, Al Noor, soared from 985p to a new high of 1168p as investors celebrated interims, which came in slightly ahead of expectations. For the six months to 30 June revenues rose 25% to US$225m while pretax profit increased a whopping 84% to US$45.6m. The company hired 31 doctors in H1 and is on track to have an additional 70-80 by the year-end. This contributed to a 20% rise in out patient visits while outpatient revenues grew 30% to US$174m. In patient volumes increased 1.2% but revenues rose 11% to US$50.5m with increases at Airport Road hospital and in Al Ain offset by a reduction in Khalifa Street hospital, due to a major refurbishment program.Constr ...

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Al Noor Hospitals - VPSâ€ˆHealthcare and NMC could yet gatecrash agreed Mediclinic offer (December 2015)

Al Noor Hospitals - In merger talks (November 2015)

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

Al Noor Hospitals (June 2014)

Al Noor Hospitals (April 2014)

Al Noor Hospitals - Third acquisition post float (February 2014)

Al Noor Hospitals - Makes its first two acquisitions (December 2013)

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

AL Noor Hospitals - Exciting new issue in fast growing Middle East private health care market (August 2013)

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