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NMC Health founder releases £47m

The Middle East-based healthcare provider's founder stepped down as chief executive earlier this year and still holds nearly a quarter of issued share capital
June 22, 2017

After stepping back from his role as chief executive of NMC Health (NMC) earlier this year, Dr Bavaguthu Raghuram Shetty - now joint non-executive chairman - has now sold more than 2m ordinary shares in NMC at 2,320p a share, bringing his cashout to £47.4m. This is the first time that Mr Shetty, who founded the United Arab Emirates-focused healthcare provider, has sold shares in the company since it listed on the London Stock Exchange in 2012. Shareholders shouldn't be too worried: after the sale he still holds more than 49.7m shares, or around 24.3 per cent of issued share capital.

IC TIP: Buy at 2280p

In its last set of full-year results in March the company reported that its revenue had crossed the $1bn (£800m) threshold after the opening of a speciality hospital added 250 beds to its portfolio, pushing its share price to an all-time high of 2,389p in June. The company raised around £255m by placing 18.6m shares at 1,375p each in December last year to acquire the Al Zahra Hospital in Sharjah, the UAE's third-largest city.

 

BUYS:
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Atalaya Mining Alberto Lavandeira Adan (ceo)8 Jun 1760,00012373,800160,0000.137
DignityMary McNamara12 Jun 171,0002,40424,0401,0000.002
DP Poland*Gerald Ford9 Jun 17116,0004349,8801,148,9530.769
DP Poland*Nick Donaldson (ch)9 Jun 1723,000439,890361,2480.242
DP Poland*Rob Morrish9 Jun 1723,000439,890304,5810.204
EMIS♥Kevin Boyd12 Jun 173,000925.8727,7767,0000.011
Electra Private Equity♥David Lis14 Jun 173,8001,81869,08418,5000.048
Electra Private Equity David Lis14 Jun 1710,0001,818181,80014,7000.038
Electra Private Equity Neil Johnson (ch)13 Jun 172,5001,81445,3502,5000.007
Europa Oil & GasHugh Mackay (ceo)9 Jun 171,307,871678,4724,700,0001.559
Europa Oil & Gas♥Phil Greenhalgh (fd & cs)9 Jun 1785,00065,100605,9730.201
Flowgroup♥David Grundy13 Jun 171,000,000110,0001,153,8440.081
Flowgroup John Johnston13 Jun 171,116,319111,1637,143,3330.502
Flowgroup♥John Johnston13 Jun 175,000,000150,0006,027,0140.423
Flowgroup Nigel Canham (cfo)13 Jun 171,500,000115,0001,568,4000.110
Flowgroup Clare Spottiswoode (ch)13 Jun 17817,70318,1771,569,9900.110
Flybe♥Christine Ourmieres-Widener (ceo)9 Jun 17100,00035.3779135,378219,7600.101
Hiscox Anne Macdonald14 Jun 171,8481,248.4523,07118,4480.006
Hiscox Ernst Jansen14 Jun 171,9261,248.4524,04594,1140.033
Hiscox Colin Keogh14 Jun 172,2161,248.4527,66614,7470.005
Intu Properties♥John Whittaker (dch)8 Jun 171,000,000265.782,657,800366,629,09727.057
Metminco♥Ram Venkat9 Jun 171,533,83437.61236576,91112,504,2989.830
Mortice*Keith Hellawell9 Jun 1720,00011022,00020,0000.036
PayPoint Rakesh Sharma9 Jun 171,082917.59,9271,0820.002
Pets at Home  Tony DeNunzio (ch)14 Jun 17310,000165.3556512,6023,313,0260.663
Private & Commercial Finance  Anthony Nelson8 Jun 1781,63724.5320,0261,656,5430.781
Private & Commercial Finance  Scott Maybury (ceo)9 Jun 1792,50025.4423,5321,717,6530.809
RPC  Godwin Wong9 Jun 173,00079323,7906,0000.001
RPC  Pim Vervaat (ceo)12 Jun 1710,000772.677,260712,7150.172
RPC♥Martin Towers8 Jun 172,495797.0319,88634,9930.008
RPC  Martin Towers8 Jun 176,990796.9555,70741,9830.010
RPC♥Simon Kesterton (gfd)12 Jun 175,000763.1738,159376,3110.091
RPC♥Simon Kesterton (gfd)12 Jun 175,000763.1738,159381,3110.092
Red Leopard Toby Hoyer8 Jun 1715,000,0000.3451,00015,000,0001.311
Sopheon Stuart Silcock13 Jun 172,5003779,425277,1273.718
Speedy Hire Thomas Christopher Morgan (gfd)14 Jun 1771,0335539,068250,7130.048
Spirax-Sarco Engineering Kevin Boyd (fd)12 Jun 171,0005,401.3554,0132,0000.003
Standard Life UK Smaller Companies Trust Caroline Ramsay12 Jun 174,545437.519,8844,5450.007
Toople Richard Horsman (ch)12 Jun 17500,0001.899,4504,000,0002.279
VPC Specialty Lending Investments Clive Peggram14 Jun 17119,79282.598,828194,7400.052
VPC Specialty Lending Investments♥Richard Levy9 Jun 1772,93982.2559,9921,580,6420.418
Vianet  James Dickson (ch)14 Jun 17100,000112.5112,5004,854,46917.358

 

 

SELLS:
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Centamin*Josef El-Raghy (ch)12 Jun 175,350,0001779,469,50015,750,0001.367
Centamin Josef El-Raghy (ch)13 Jun 175,000,0001738,650,00010,500,0000.911
Chaarat Gold♥Dekel Golan (ceo)12 Jun 174,000,00019.225769,00010,275,6912.921
Clarkson Andrew Case (ceo)14 Jun 17243,5122,4756,026,922495,1991.638
Clarkson Jeffery Woyda (cfo & coo)14 Jun 1737,6472,475931,76372,8450.241
Diploma Bruce Thompson (ceo)13 Jun 17175,0001,1251,968,750570,0000.503
Diploma Nigel Lingwood (fd)13 Jun 1775,0001,125843,750200,0000.177
Hochschild Mining Ignacio Bustamante (ceo)8 Jun 17130,000306.2487398,123442,1340.087
InterContinental Hotels  Richard Solomons (ceo)14 Jun 1731,0004,412.681,367,930386,6720.204
InterContinental Hotels♥ Richard Solomons (ceo)14 Jun 1786,0004,412.683,794,902300,6720.158
NMC Health Bavaguthu Raghuram Shetty (jch)8 Jun 172,043,0002,32047,397,60049,713,89324.335
Pendragon Trevor Finn (ce)14 Jun 173,500,000341,190,00017,127,9761.201
Pets at Home♥T DeNunzio (ch)14 Jun 17155,000165.36256,3083,003,0260.601
Sigma Capital♥Graham Barnet (ceo)14 Jun 17300,00080240,0006,213,2377.004
Synthomer Alexander Catto8 Jun 17950,000497.00094,721,509542,3920.160
Telford Homes♥David Durant8 Jun 17187,500400.4750,750770,7071.023
Telford Homes David Durant8 Jun 17187,500400.4750,750958,2071.272
boohoo.com Mahmud Kamani (jceo)12 Jun 1711,252,50222024,755,504187,679,88016.349
Placing/tender/open offer ♥Spouse/connected party