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Medibank Prospectus Details, page-141

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cerhob

18,561 Posts.

22/10/14

18:07

Post #: 14165101
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Originally posted by nih123 ↑

yep thx katavi. yep medibank is quite expensive. every one on these boards was extremely surprised at the high price so it is indisputable it is high. they are prepared to risk more by accepting these potentially high prices, in search of a play for play/stag profits sake. i am not sure there will be stags on day one. US listed health insurer for example is Wellpoint, has a p/e of only 8times forecast FY17. United health FY17 p/e is only 11.7. growth rate of both is around the 10% mark, higher than MPL. the only area MPL beats them is yield, but aussie stocks have to have high yield as rates are higher locally. NIB p/e and current price is not valid. it has gone up on low volumes, tightly held shares can deviate from their fair value.

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Re your earlier comment - an ageing population!

I see that as a positive.
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