Is this why NHF sold off so heavily? They did not lose the Defense Contract, MPL did, And now that NHF has not been the likely recipient of he Defense Contract, it should go back up.
Given Australia’s Defense history with Maralinga, asbestos, firefighting foam in Jarvis Bay, fighter mishaps, PYSD, Vietnam, Iraq, Timor Leste, the gender war and females in combat roles, any medical health insurer would be mad to pick up Defense, MPL was great to get out of it, and NHF was great in staying away from it.
NHF is a great buy because:
1) with an ALP Government next May not in control of the Australian Senate, no real change will happen to private health insurance,
2) medical inflation is going to decrease under ALP, Mark Fitzgibbon brother of an ALP frontbencher, Joel, has indirectly pointed out that medical inflation is dropping.
3) there will be an element of cost constraint to Medicare and people will substitute out of the public system.
4) the working age population is stronger in Australian than reflected in the NHF SP as offshore buyers do not appreciate this
5) NHF IMHO has been dramatically sold off for no good reason other than MPL was sold off and this NHF fake news came out with no impact on NHF.
NHF is stronger than a bank in Norway IMHO and Nokia is yesterdecade’s news, with that I do agree.
Is this why NHF sold off so heavily? They did not lose the...
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Last
$6.98 |
Change
-0.140(1.97%) |
Mkt cap ! $3.385B | |||
| Open | High | Low | Value | Volume |
| $7.07 | $7.07 | $6.97 | $5.715M | 816.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3938 | $6.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.00 | 49574 | 5 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| NHF (ASX) Chart |