Probably around the price I thought it would list at. A healthy premium but don't see it going anywhere quickly. They mentioned aggressive expansion which could trigger a higher multiple.
NIB do have a good brand and product. They are innovative and I expect to see it remain a quality business in the immediate future.
- Semi compulsory health care in Australia - Growing economy - Higher interest rates (A bulk of their reserves are short term instruments??) - branch network has huge capacity to grow - Cross selling opportunities - Listing creating higher profile - takeover target by larger funds? - Large amount of stock held by mum and dad investors - Insto's might want to get into the new listed health care fund sector early - Pricing regulated however still make profits in a rising cost environment - product flexibility - NIB card offers straight though processing for transactions... can this be used for other offers?
I got a parcel of free stock and will be holding onto these. Will wait for a correction before topping up.
NHF Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
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