BUZZ-View from the buyside: Standard Life Inv's Nimmo buys more NMC

** Abu Dhabi-based NMC Health (LSE: NMC.L - news) up c.73% this yr, top FTSE 250 performer, yet Standard Life Investments' Harry Nimmo has been buying more shares in co -- as recently as June

** Key driver -- co poised to benefit from new health insurance law in Dubai

** Introduction of mandatory health insurance in Dubai by end-2016 the real bull case for NMC (Other OTC: NMCX - news) , which targets lower-cost healthcare market; PM notes previously 30/40% of Dubai's workforce not covered by corporate health insurance

** Earnings forecasts seeing upgrades with forward EPS up 5 pct over the past month helping to underpin the 20.2x forward P/E, which is a premium to stock's 3-year median of 14.8x

** NMC major beneficiary of Abu Dhabi's 2006 compulsory health insurance scheme, says PM

** PM highlights number of "particularly shrewd" acquisitions made by NMC

** PM reckons co underowned by institutional investors amid suspicion about foreign-domicile businesses listed in London, even though NMC up almost 300% since April 2012 IPO

** PM likes fact NMC is founder-run (Indian entrepreneur founder BR Shetty owns c.26% of the business, TR data shows) - means there's a "real stability"

** Nimmo first bought NMC in September 2014 in UK Smaller Companies OEIC & UK Smaller Companies Investment Trust; topped up holdings in both funds May & June (RM (LSE: RM.L - news) : tricia.wright1.thomsonreuters.com@reuters.net)