Directors dealings: Mediclinic executive picks up shares near three-year low

Alexander Bueso Sharecast | 29 Nov, 2016 18:14 | | |

mediclinic hospital
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Alan Grieve, one of Mediclinic´s non-executive independent directors, picked up three batches of shares in quick sucession.

In total, Grieve spent 55,073 on 28 November on 7,500 shares in the hospital operator, the company said in a statement.

The next day, analyst James Vane-Tempest at Jefferies slashed his target price on the company´s shares from 812.0p to 741.0p, telling clients that the company´s ability to deliver on its timetable of expansion projects held the key to investor sentiment.

In Vane-Tempest´s opinion, the main reason behind the rapid slide in the stock was that at the time of its first half figures all three of Mediclinic´s businesses appeared to be facing near-term headwinds.

On 10 November, Mediclinic´s chief, Danie Meintjes, said that while the industry trends of growing competition and regulatory changes remained challenging across all of Mediclinic’s platforms, the board was highly focused on investing in and delivering high quality patient-centric clinical care.

“With this focus and our leading positions in core markets, Mediclinic is well-positioned to deliver sustainable long-term growth.”

On Tuesday, shares in Mediclinic set a fresh 52-week low and were changing hands near their weakest levels in over three years.

Top Director Buys

Intu Properties (INTU)
Director name: Whittaker ,John
Amount purchased: 39,000 @ 269.09p
Value: £104,944.71

D4t4 Solutions (D4T4)
Director name: Simmonds ,Peter
Amount purchased: 70,000 @ 142.00p
Value: £99,400.00

Getech Group (GTC)
Director name: Stephens,Peter
Amount purchased: 300,000 @ 25.00p
Value: £75,000.00

Mediclinic International (MDC)
Director name: Grieve,Alan
Amount purchased: 3,269 @ 735.00p
Value: £24,027.15

Mediclinic International (MDC)
Director name: Grieve,Alan
Amount purchased: 3,079 @ 733.50p
Value: £22,584.47

Pennon Group (PNN)
Director name: HAGUE,H P BARRETT
Amount purchased: 1,819 @ 824.43p
Value: £14,996.29

Epe Special Opportunities (ESO)
Director name: Vero,Geoffrey O
Amount purchased: 6,110 @ 245.00p
Value: £14,969.50

Future (FUTR)
Director name: Hanbury,James
Amount purchased: 110,000 @ 8.99p
Value: £9,889.00

Mediclinic International (MDC)
Director name: Grieve,Alan
Amount purchased: 1,152 @ 734.50p
Value: £8,461.44

Shaftesbury (SHB)
Director name: Nicholls,Jonathan
Amount purchased: 850 @ 912.46p
Value: £7,755.91

S&u (SUS)
Director name: Smith,Keith R
Amount purchased: 150 @ 2,096.75p
Value: £3,145.13

Direct Line Insurance Group (DLG)
Director name: Maddock,Steven
Amount purchased: 43 @ 355.65p
Value: £152.93

Direct Line Insurance Group (DLG)
Director name: Reizenstein,John
Amount purchased: 42 @ 355.65p
Value: £149.37

Maintel Holdings (MAI)
Director name: Stevens,Kevin
Amount purchased: 15 @ 980.00p
Value: £147.00

General Electric Co (GEC)
Director name: David Leon,Joyce
Amount purchased: 89,600 @ n/a
Value: n/a

General Electric Co (GEC)
Director name: David Leon,Joyce
Amount purchased: 10,000 @ n/a
Value: n/a

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Bgeo Group (BGEO)
Director name: Gilauri,Irakli
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General Electric Co (GEC)
Director name: David Leon,Joyce
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Value: $1,350,613.55

Bgeo Group (BGEO)
Director name: Gilauri,Irakli
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Value: £912,695.28

Wetherspoon (j.d.) (JDW)
Director name: Connor ,Nigel
Amount sold: 2,645 @ 823.00p
Value: £21,768.35

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