Mediclinic International (MDC)

Sector:

Health Care

Index:

FTSE 250

319.80p
   
  • Change Today:
    -6.80p
  • 52 Week High: 344.60p
  • 52 Week Low: 246.00p
  • Currency: UK Pounds
  • Shares Issued: 737.24m
  • Volume: 1,116,480
  • Market Cap: £2,357.71m

Mediclinic pulls dividend; sees hit from surgery cancellations

By Frank Prenesti

Date: Friday 17 Apr 2020

LONDON (ShareCast) - (Sharecast News) - International private healthcare group Mediclinic pulled its dividend and said the cancellation of non-elective surgery due to the coronavirus pandemic would hit full year earnings.
The company said the impact would be offset by its response to the crisis and ongoing provision of primary and acute care services. It added that it had decided to preserve liquidity by suspending all non-essential capital expenditure, and cancelling executive pay rises.

Loan covenant test waivers had been agreed for material borrowings across all three of its divisions up to and including March 2021.

"This allows the group to focus on the vital role it plays during the pandemic and to prepare for the anticipated increase in demand from postponed treatments once the peak of the pandemic subsides," Mediclinic said in a statement.

Mediclinic, which operates in Switzerland, South Africa, Namibia and the United Arab Emirates, said full year trading was broadly in line with expectations and it had a strong financial position and liquidity entering pandemic.

Revenue for the year to March 3 was expected to grow 5.5%, while pre-IFRS16 earnings before interest, tax, depreciation and amortisation (EBITDA) would fall by 2.5%. On a constant currency basis revenue was up 4% and EBITDA down 3.5%.

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MDC Market Data

Currency UK Pounds
Share Price 319.80p
Change Today -6.80p
% Change -2.08 %
52 Week High 344.60p
52 Week Low 246.00p
Volume 1,116,480
Shares Issued 737.24m
Market Cap £2,357.71m

MDC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
80.95% above the market average80.95% above the market average80.95% above the market average80.95% above the market average80.95% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
3.55% above the market average3.55% above the market average3.55% above the market average3.55% above the market average3.55% above the market average
12.2% below the sector average12.2% below the sector average12.2% below the sector average12.2% below the sector average12.2% below the sector average
Income
50.98% below the market average50.98% below the market average50.98% below the market average50.98% below the market average50.98% below the market average
27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average
Growth
42.91% below the market average42.91% below the market average42.91% below the market average42.91% below the market average42.91% below the market average
64.71% below the sector average64.71% below the sector average64.71% below the sector average64.71% below the sector average64.71% below the sector average

What The Brokers Say

Strong Buy 4
Buy 1
Neutral 4
Sell 0
Strong Sell 0
Total 9
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

MDC Dividends

  Latest Previous
  Interim Final
Ex-Div 05-Dec-19 13-Jun-19
Paid 17-Dec-19 29-Jul-19
Amount 3.20p 4.70p

Trades for 18-Jun-2021

Time Volume / Share Price
16:57 258 @ 319.80p
16:47 2,777 @ 319.80p
16:46 258 @ 319.80p
16:35 748,459 @ 319.80p
16:29 1 @ 318.00p

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