RHT 6.67% 6.4¢ resonance health limited

newsletter/ hy report, page-11

  1. 10,322 Posts.
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    "will touch 9 cents in the next day or two...just a guess"

    I cannot see it. The day traders are ruling the price here and there is unlikely to be anything announced before the HY at end of month. During the run up, I don't think we took on many more long termers and those here probably have enough already, like me. I am about 25% up on what I was in early December, with a bit of profit taking and buying back cheaper, along the way.

    The next significant announcement is likely to be on how they will roll out Hepafat, but that's just my guess. The CPT effect on revenue will not be felt for several months. It will take time to be useful after we find out about whether we were approved (it needs to be incorporated in the system etc).

    In summary, don't be surprised if it falls another 25% BUT also, remember that we will soon be (perhaps later this year) showing rapidly increasing revenue accompanied by real profits. After that we should see a sustained increase in share price.
 
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