I got in this company this week. This company looks really good with all the free cashflow it is generating. No1 player in sector and one of the rare operators that generate profit in the sector too. The hospitals are not going to be replaced by AI, the revenue is stable through insurance/government funding.
Seems like most of the downside is with the debt (financing cost) and wages. I am treating this one like an interest rate play, not if but when RBA start cutting rates the decrease in financing cost flows right through to the bottom line. As for the wages cost I think the company is better off trying to raise revenue levels. Got a gut feel there will be PEs or other industry players looking at this one with M&A in mind.
I do wonder who are the ones doing the selling.
Ann: Financial Results for the Year Ended 30 June 2024, page-25
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Last
$42.58 |
Change
-0.060(0.14%) |
Mkt cap ! $9.804B | |||
| Open | High | Low | Value | Volume |
| $42.54 | $43.16 | $42.50 | $15.61M | 366.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 70 | $42.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.59 | 1783 | 2 |
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| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| RHC (ASX) Chart |