I caught Howard Coleman from Team Invest on Fox Trading Day Live re RHC. He said RHC low share price is about market sentiment believing there is a squeeze on private hospitals due to concerns about increasing private health costs. He believes this will be temporary as demand is fuelled by aging population and more interventions due to advances in technology. He considers RHC extremely well run although concerned about ASIC interference in board composition and remuneration.
I reviewed RHC financials and the company still seems to be going ok. My main concern is the high level of debt but this has been an issue from way back. At least they don’t burn money on high risk capital expenditure. Their property assets are apparently undervalued.
RHC Price at posting:
$56.66 Sentiment: Hold Disclosure: Held
(20min delay)