Ann: $3m capital raising, SPP and bank facility e, page-2

re: Ann: $3m capital raising, SPP and bank fa... Charlie Aitken of Southern Cross Equities opined on the 3rd of November -
"As I have mentioned previously, I strongly believe a stock recommendation should be based on a stand-alone investment case. In this context, considering the healthcare sector is trading near relative historic P/E lows, the investment case remains strong. However I believe healthcare is attractive for another two reasons. Firstly, due to its defensive industry positioning, healthcare will outperform in the event of a genuine equity market correction (which I believe is highly likely). Secondly, there is little doubt that healthcare has underperformed due to the strong Australian dollar. However a global equity correction will result in a sharp fall for the domestic currency, which will increase the attractiveness of healthcare earnings for investors chasing short term trading momentum."