Nandina, Not sure about the strange activity. I noticed it as well. At least every 5 minutes a 62 share trade (only $37-00)was processed ?
In any case I like this stock given:
- 20% dividend yield
- Payout ratio only 50% so plenty of surplus cash to reduce debt
- possible takeover potential (already speculated in the AFR). Even in the current climate there has been some examples of takeover activity in the health sector which is seen as recession proof.
- Interest cover 6+ times so clearly no debt servicing issues even if profitability/cashflow declines.
- They are still signing up doctors.
- PE below 3 !. Any medical clinic sells on more than a 3 times EBIT??.
This company could be a good add-on for an existing health business looking for an earnings positive acquisition or alternatively the market will eventually rerate this stock? (like many other stocks at the moment !)
- Forums
- ASX - By Stock
- VGH
- strange activity in this stock
strange activity in this stock, page-2
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add VGH (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & MD
Charles Armstrong
CEO & MD
Previous Video
Next Video
SPONSORED BY The Market Online