No worries.
Re: Sonic, yes it’s is a bigger big dog ... but Sonic is more a pathology company growing at healthy 6-8%. Last year’s growth was higher but that was due to favourable currency movements. Their radiology business represents only ~7% of their revenue. Still bigger than IDX, but gap in radiology is narrowing.
On the other hand, IDX is a pure play radiology business and is growing at much higher rates (2-3 times SHL rates) and has a much higher ROE too (about double SHL’s).
Hence, I bought IDX a few months back and have enjoyed the ride. Nothing against SHL tho, it just seems like a more mature business. Valuations looking stretched on many metrics across the whole ASX (IDX and SHL included) ... so ... I’ll be watching reporting season very carefully.
Cheers
knock knock, page-12
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Last
$2.50 |
Change
-0.010(0.40%) |
Mkt cap ! $580.2M | |||
| Open | High | Low | Value | Volume |
| $2.53 | $2.53 | $2.47 | $299.8K | 120.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 32 | 16503 | $2.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.50 | 10460 | 11 |
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| Last trade - 14.51pm 15/07/2024 (20 minute delay) ? |
| IDX (ASX) Chart |