SHL 0.94% $26.78 sonic healthcare limited

Ann: Half Yearly Report and Accounts, page-38

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    Check out this graph showing SHL’s sp performance this year.

    https://hotcopper.com.au/data/attachments/5159/5159882-814d55c4bf2f237f2b6a716529be13f9.jpg

    After a major rerate following the half year results it has continued to march higher and strongly outperform in a struggling market.

    The dip in the middle of the graph (that broke a steady uptrend) was a curious thing. Who was selling and why ?

    Makes you realise the market sometimes gets it totally wrong - a complete misread on the stock due to an over emphasis on the COVID testing revenue windfalls and subsequent falling away of those revenues.

    That really was an opportunity to pick up a quality stock for a price we might not see again.
 
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