I have had PHG on my watch list for a while now as a potential entry to the health care sector via a small cap that is expanding. After this mornings announcement I am sure all existing holders were all rather unhappy to say the least, I thought here is an opportunity.
Hopefully management have given the market a worst case scenario especially in regards to the Gold Coast Surgical Hospital. When you are growing quickly one has to expect growing pains to some degree and I hope come the end of this FY that things have improved and not deteriorated.
I jumped the gun a bit at 30.5c but I with many others probably assumed it had bottomed this morning at 29c. Insto's have been busy buying PHG prior and obviously buying and selling today because there were some large parcels changing hands. I am looking at this as a hold and accumulate for years into the future and well if the relentless selling continues tomorrow I will have another go at 25c.
Did any existing holders exit today or buy more?
Add to My Watchlist
What is My Watchlist?