I used to like this one. I used to own it. It started life as a success after listing. Everyone loved the idea, and then it turned into a disaster. It just didn't deliver.
Lots of reasons have been tossed about. I suspect the ophthalmologists are eating the heart out of the company. Keeping ophthalmologists is no easy feat. You have to pay them (in fees and stock) - alot!!!! That is where your profits will go. These guys know they can move on and make money elsewhere. That is no problem.
The only healthcare (community-based that is - not like HSP or RHC which are hospital operators: different story) to successfully achieve this has been Primary Health. But then, Edmund Bateman is a man of great business nouse and well regarded by the market. Do you have the same faith in the current CEO of VGH? - that is my question.
It will make money, now doubt about it. What are its growth prospects - less certain. This should trade on growth multiples, but no-body really believes it is a growth company, yet......
- Forums
- ASX - By Stock
- my trigger finger is getting itchy
I used to like this one. I used to own it. It started life as a...
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add VGH (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online