CAJ 0.00% 38.0¢ capitol health limited

Financial Year Results, page-4

  1. 10,075 Posts.
    lightbulb Created with Sketch. 4852
    Morgan Stanley downgrades CAJ to Neutral from Outperform
    Credit Suisse has analysed the impact of the MYEFO proposals regarding bulk billing, noting Capitol is largely a bulk-bill provider. Reductions in MRI subsidies lead the broker to calculate a potential 35-45% hit to Capitol revenues in FY17-18.
    The proposals have yet to get through the Senate, but on the other hand the Medicare review underway is another issue entirely. It is difficult to now how the market will respond in terms of demand for MRIs, the broker concedes, so for the moment it's difficult to see "the light at the end of the tunnel".
    In the meantime, Credit Suisse has cut its target to 25c from 55c and downgraded to Neutral.
    Target price is $0.25 Current Price is $0.24 Difference: $0.01
    If CAJ meets the Credit Suisse target it will return approximately 4% (excluding dividends, fees and charges).
    The company's fiscal year ends in June.
 
watchlist Created with Sketch. Add CAJ (ASX) to my watchlist
(20min delay)
Last
38.0¢
Change
0.000(0.00%)
Mkt cap ! $405.3M
Open High Low Value Volume
39.0¢ 39.0¢ 38.0¢ $1.386M 3.623M

Buyers (Bids)

No. Vol. Price($)
1 6291 38.0¢
 

Sellers (Offers)

Price($) Vol. No.
39.0¢ 1657545 14
View Market Depth
Last trade - 16.10pm 15/11/2024 (20 minute delay) ?
CAJ (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.