Hi all,
Having owned RHC shares since 2008 and made a packet on them, I believe they are out of favour at present because we have a CEO who no longer wants the job and is keeping the chair warm for a replacement. Big institutional shareholders do not like this degree of uncertainty.
Also, RHC has always traded at a high PE ratio, and as soon as there is a sniff of "not so good" news, the price is hammered.
Go back to July 2013 when RHC were in negotiations with Medibank Private (MPL) and things weren't going so smoothly for RHC. For a short while there their share price was hammered. As soon as RHC updated the market that everything had been finalised with MPL, up goes the share price.
Do not be surprised to see a strong rally in RHC once they announce the appointment of a new CEO (assuming of course the institutional's approve the appointment!).
I ain't selling.
WB
Hi all, Having owned RHC shares since 2008 and made a packet on...
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Last
$41.56 |
Change
0.170(0.41%) |
Mkt cap ! $9.569B | |||
| Open | High | Low | Value | Volume |
| $41.29 | $41.75 | $41.12 | $18.24M | 440.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1800 | $41.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $41.62 | 530 | 2 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| RHC (ASX) Chart |