The share has risen 130% since January, making it one of the best performing Israeli shares traded on a European bourse.
The share of telemedicine services provider SHL Telemedicine Ltd. (SWX: SHLTN) rose 50% from CHF 8 to CHF 12 last week, stayed flat until Tuesday, before dropping down to CHF 11.20 at yesterday’s close. The slide continued in morning trading today. The company’s current market cap is now about $103 million. The share has risen 130% since January, making it one of the best performing Israeli shares traded on a European bourse.
SHL announced yesterday that it “is in negotiations for a major and significant transaction in the company’s US business. The discussions are ongoing and no binding agreements have been agreed. SHL will make a further announcement if and when negotiations are concluded.”
SHL investors have already decided that this is a done deal, and all that remains to be done is to wait for the official announcement.
Published by Globes [online], Israel business news - www.globes.co.il - on July 19, 2007
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