Chief executive Bavaguthu Raghuram Shetty, better known as B R Shetty, is so confident in NMC Health (NMC) and the United Arab Emirates (UAE) healthcare sector, he's paid a staggering £50m for 10m more shares in the region's largest integrated private health care provider.
Born in India, Mr Shetty migrated to the UAE with just $8 in his pocket - or so the story goes - before building his healthcare and financial services empire. Now Mr Shetty is building a network of NMC-owned private hospitals - with healthcare insurance reforms in neighbouring Dubai boosting market share.
At the start of July, NMC opened two new facilities: Brightpoint Womens Hospital in Abu Dhabi and DIP General Hospital in Dubai. As a result, bed capacity improved by 52 per cent in the UAE and 50 per cent in Dubai, but these sites are just two of five committed to at the time of the IPO.
Buys | |||||||
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
21st Century Technology | Russ Singleton (ce) | 27 Jun 14 | 600,000 | 6.1 | 36,648 | 2,700,000 | 2.896 |
AstraZeneca | Pascal Soriot (ce) | 30 Jun 14 | 46,200 | 4,345 | 2,007,390 | 197,781 | 0.016 |
Aviva | Michael Hawker | 26 Jun 14 | 10,000 | 506.5 | 50,650 | 20,000 | <0.001 |
Blinkx | Subhransu Mukherjee (ce) | 2 Jul 14 | 250,000 | 34 | 85,000 | 400,000 | 0.100 |
Chemring | Peter Hickson (ch) | 1 Jul 14 | 50,000 | 205 | 102,500 | 210,000 | 0.109 |
Countrywide | Jane Lighting | 27 Jun 14 | 9,500 | 520 | 49,400 | 9,500 | 0.004 |
Countrywide | Richard Adam | 30 Jun 14 | 8,076 | 520.25 | 42,015 | 10,000 | 0.005 |
EG Solutions | Mark Brady | 1 Jul 14 | 60,000 | 52 | 31,200 | 60,000 | 0.364 |
Empiric Student Property | Baroness Dean (ch) | 30 Jun 14 | 33,500 | 100 | 33,500 | 33,500 | 0.039 |
Empiric Student Property | Paul Hadaway (ce) | 30 Jun 14 | 875,000 | 100 | 875,000 | 875,000 | 1.029 |
Empiric Student Property | Tim Attlee | 30 Jun 14 | 875,000 | 100 | 875,000 | 875,000 | 1.029 |
Empiric Student Property ♥ | Michael Enright (cfo) | 30 Jun 14 | 70,000 | 100 | 70,000 | 70,000 | 0.082 |
European Wealth * | Buzz West | 1 Jul 14 | 68,346 | 90 | 61,511 | 322,429 | 2.243 |
Glanbia ♥ | Donard Gaynor | 27 Jun 14 | 5,000 | 1,105 | 55,246 | 10,000 | 0.003 |
Goals Soccer Centres | Keith Rogers | 27 Jun 14 | 19,000 | 217 | 41,230 | 4,011,986 | 6.862 |
Gresham Computing ♥ | M Royde | 30 Jun 14 | 25,000 | 130.3 | 32,583 | 5,755,654 | 9.102 |
Lamprell * | Peter Whitbread | 26 Jun 14 | 521,022 | 88 | 458,499 | 2,188,294 | 0.841 |
Melrose Industries | Justin Dowley | 30 Jun 14 | 100,000 | 263.5 | 263,510 | 466,505 | 0.044 |
Melrose Industries | Simon Peckham (ce) | 26 Jun 14 | 196,000 | 255.5 | 500,790 | 8,373,288 | 0.781 |
NMC Health | Dr. Bavaguthu Shetty (ce) | 30 Jun 14 | 10,000,000 | 500 | 50,000,000 | 47,742,409 | 25.707 |
Papua Mining * | Hugh McCullough (ce) | 27 Jun 14 | 150,000 | 20 | 30,000 | 504,571 | 1.062 |
Petroceltic International * | Brian O'Cathain (ce) | 27 Jun 14 | 76,464 | 157 | 120,048 | 271,073 | 0.127 |
Phaunos Timber Fund | William Vanderfelt | 26 Jun 14 | 1,000,000 | 24.7 | 247,000 | 4,790,000 | 0.892 |
Porta Communications | David Wright (ce) | 27 Jun 14 | 272,727 | 11 | 30,000 | 2,743,727 | 1.200 |
Porta Communications ♥ | Bob Morton (ch) | 27 Jun 14 | 1,000,000 | 10.5 | 105,000 | 32,942,552 | 14.404 |
River and Mercantile | K Hayes (cfo) | 26 Jun 14 | 54,645 | 183 | 100,000 | 54,645 | 0.067 |
Rose Petroleum * | Philip Jeffcock | 30 Jun 14 | 3,333,333 | 1.1 | 37,500 | 21,340,074 | 1.634 |
Rose Petroleum * | Matthew Idiens (ce) | 30 Jun 14 | 3,333,333 | 1.1 | 37,500 | 20,139,213 | 1.542 |
Ryanair Holdings | Michael O'Leary (ce) | 30 Jun 14 | 300,000 | 696 | 2,088,000 | 51,381,256 | 3.712 |
SABMiller | DS Devitre | 27 Jun 14 | 1,125 | 3,360 | 37,795 | 31,125 | 0.002 |
Sanditon Investment Trust | Christopher Keljik | 27 Jun 14 | 150,000 | 100 | 150,000 | 150,000 | 0.300 |
Sanditon Investment Trust | Charles Harman | 27 Jun 14 | 100,000 | 100 | 100,000 | 100,000 | 0.200 |
Sanditon Investment Trust | Hugo Dixon | 27 Jun 14 | 140,000 | 100 | 140,000 | 140,000 | 0.280 |
Sanditon Investment Trust | Rupert Barclay (ch) | 27 Jun 14 | 50,000 | 100 | 50,000 | 50,000 | 0.100 |
Symphony International Holdings | Anil Thadani | 26 Jun 14 | 200,000 | 73.0 | 145,974 | 55,616,950 | 10.623 |
Symphony International Holdings | Anil Thadani | 27 Jun 14 | 200,000 | 76 | 152,000 | 55,816,950 | 10.661 |
Symphony International Holdings | Sunil Chandiramani | 26 Jun 14 | 150,000 | 73.0 | 109,480 | 15,123,744 | 2.889 |
Symphony International Holdings | Sunil Chandiramani | 27 Jun 14 | 150,000 | 76 | 114,000 | 15,273,744 | 2.917 |
Telit Communications | Oozi Cats (ce) | 26 Jun 14 | 46,098 | 210 | 96,806 | 22,411,257 | 19.758 |
Telit Communications | Oozi Cats (ce) | 2 Jul 14 | 100,000 | 215 | 215,000 | 22,611,977 | 19.935 |
Telit Communications ♥ | Oozi Cats (ce) | 2 Jul 14 | 100,000 | 215 | 215,000 | 22,511,257 | 19.846 |
Wolseley | John Daly | 26 Jun 14 | 1,500 | 3,202 | 48,030 | 1,500 | <0.001 |
Sells | |||||||
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
Afren | Shahid Ullah | 26 Jun 14 | 600,000 | 141 | 846,000 | 4,352,633 | 0.393 |
British Assets Trust | Lynn Ruddick (ch) | 2 Jul 14 | 11,180 | 137.6 | 15,384 | 51,496 | 0.018 |
EG Solutions | Elizabeth Gooch | 1 Jul 14 | 1,210,000 | 52 | 629,200 | 5,304,080 | 32.212 |
Good Energy | Garry Peagam | 27 Jun 14 | 20,000 | 230.3 | 46,050 | 20,000 | 0.136 |
GW Pharmaceuticals † ✯ | Justin Gover | 26 Jun 14 | 1,750,000 | 426.1 | 7,456,513 | 2,143,305 | 0.915 |
GW Pharmaceuticals † ✯ | James Noble | 26 Jun 14 | 25,000 | 723.6 | 180,895 | 47,500 | 0.020 |
GW Pharmaceuticals † ✯ | Dr Geoffrey Guy (ch) | 26 Jun 14 | 3,087,428 | 426.1 | 13,155,112 | 14,100,226 | 6.017 |
GW Pharmaceuticals † ✯ | Dr Stephen Wright | 26 Jun 14 | 807,570 | 426.1 | 3,440,946 | 5,000 | 0.002 |
GW Pharmaceuticals † ✯ | Thomas Lynch | 26 Jun 14 | 180,000 | 426.1 | 766,956 | 56,344 | 0.024 |
Whitbread | Andy Harrison (ce) | 27 Jun 14 | 50,000 | 4,392 | 2,195,820 | 253,515 | 0.140 |
*Placing/tender/open offer ♥Spouse/connected party †Depositary receipts ✯Sold pursuant to underwriting agreement |