Definitely watch this one for recommencement of trading very soon....hopefully in the next week or so.
Amid turmoil in the global funny money market this one stands out as a potential high growth stock. Healthcare is a defensive sector especially considering the aging of the population.
PHGs competitors Healthscope and Ramsey are coming up against ACCC competition restrictions in Oz and are looking overseas for acquisitions. Leaves a vacuum for PHG to fill in the short term by making multiple acquisitions of hospitals and using these to achieve high organic growth in the newly puchased Care-on-Call nursing agency.
Management is of a high calibre and have been there and done that.
Requotation of stock has been delayed for a few weeks but apparently this is due to a hold-up on the part of NSW Health Department in finally giving the transfer of ownership a tick. This should be a formality but HSWHD is under-resourced.
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