Thanks to all those in the folder that do detailed analysis of RHC. Im afraid I just dont do detail to that degree. My approach is predominantly a top down approach where I look at the price relative to its previous highs, look at the industry, the size of the moat, profit figures and turnover, quality of management, future plans, think about it for a bit and then buy or forget. I have held RHC in my SMSF since I bought them @ $6.20. All this talk of doom and gloom and profit downgrades takes me back to my original points for analysis.
1. The price is as low as it has been for some time.
2. The industry ? Waited or been in a public hospital lately ? Increasing number of baby boomers who will need a greater degree of medical attention; and have the ability to pay for it !
3. RHC becoming a world leader in healthcare and diversifying internationally.
4. Profit figures OK.... with minor variations (rather than catastophic ones)
5. Good turnover per day and easily tradeable
6. Good management
7. Plans for the increase of the Pharmacy business with it planned to be earnings accretive ?
So I bought more !
A short time ago I bought some CSL based on the same fundamental (read basic) analysis. My wife held a fair number but I did not. I looked at the above, analysts predictions, quality of management and the fact that they had come back $10.00 from their recent high and took the plunge. That was at $155.00 Yup high........ but not as high as they are now at about $190.00 ! Sometimes if you take a longer term view and you look at the fundamentals, you will be rewarded earlier than you think ! Hopefully Im not disappointed with RHC.
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Last
$38.43 |
Change
-0.290(0.75%) |
Mkt cap ! $8.848B |
Open | High | Low | Value | Volume |
$38.62 | $38.95 | $38.38 | $14.29M | 370.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1442 | $38.42 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$38.61 | 584 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1442 | 38.420 |
2 | 4347 | 38.390 |
1 | 508 | 38.370 |
1 | 1342 | 38.360 |
2 | 614 | 38.350 |
Price($) | Vol. | No. |
---|---|---|
38.610 | 584 | 1 |
38.650 | 1342 | 1 |
38.680 | 1342 | 1 |
38.710 | 1342 | 1 |
38.740 | 1342 | 1 |
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