Was going gangbusters just under a year ago.
Run halted by
(1) Brexit
(2) negative market sentiment surrounding Trump
(3) gloomy outlook put forward by Healthscope concerning declining patient numbers
(4) Chris Rex calling time
(1) and (2) have settled to a significant degree as fundamentals (robust RHC financials on top of brilliant track record), prime target market (aging baby boomers) and shrewd decision-making by highly experienced management (brownfield expansions etc), haven't altered.
(3) HSO's announcement was bound to negatively impact RHC, with both shorts and longs running scared thinking that private health was on the nose.
But with all due respect to Ramsay's rival, RHC is no minnow and, after an initial hiccup, its huge presence both here and abroad (esp' in France and England) continued to power the company along.
(4) Spooked some at first and set alarm bells ringing with many asking 'Why?'.
Shareholders are pleased that the transition to well-credentialed new CEO Craig McNally has been seamless and carried out with a professionalism befitting of an organisation with the status and near impeccable record of RHC.
The future looks very bright to me.
Was going gangbusters just under a year ago. Run halted by (1)...
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Last
$39.28 |
Change
-0.890(2.22%) |
Mkt cap ! $9.044B | |||
| Open | High | Low | Value | Volume |
| $40.05 | $40.18 | $39.28 | $19.69M | 498.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 9062 | $39.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $39.34 | 592 | 1 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| RHC (ASX) Chart |