RHC

0.05%

$42.67 ramsay health care limited

Ramsay's Rise & Rise, page-12

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madamswer

16,938 Posts.

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28/07/16

16:53

Post #: 18391004
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Originally posted by madamswer ↑

"....wouldn't it be nice to take some profits now and buy back much lower, which would not only increase your shareholding, but your yield too"

Only trouble is, that's what you've been suggesting since the stock price was $48 two years ago.

And also when it was $62 one year ago.

And again when it was $66 just 3 months ago.

Do you remember that unique feature called "THE LID" one of your now-infamous charts, that was supposed to represent some sort of a cap on the share price at somewhere around $65, with the accompanying alarmist annotation of "Down She Goes, Where She Stops Nobody Knows"?
(http://hotcopper.com.au/threads/downward-trend-confirmed.2727615/#post-17760763)

If this company keeps generating earnings growth of 15% pa, it would not take long for the premium in the company's valuation multiple to be eroded away.

Sure, at some stage they company might one year report earnings growth of "just" 10% or 12%, which would cause the market to be disappointed for a while, and the share price might fall 5%, 10% or 15% as a result, but until that happens you will be foregoing years of upside (as you are finding).

Put another way, five years ago - after the stock price had doubled in the space of just 24 months - people were saying the exact thing you are saying.

And then it doubled again. Which prompted a new set of people to say it was due for a fall.

And it has promptly doubled again since then.

It means that, if price correction you are so wishing for does one day eventuate for whatever reason, it might merely wipe out just one years' worth of gains, out of the many years of gains that preceded it.

Hey, you might one day turn out to be right.
But, until then, the cost of being wrong will outweigh - many times over - the cost of being right in that case.

By all means keep up the doodling, though.

Expand

Apologies, I referenced an incorrect @NovaStar post.

Here is the relevant post:

http://hotcopper.com.au/threads/dow...2727615/page-16?post_id=17658057#.V5mrifl96Uk

RHC Price at posting: $77.70 Sentiment: Hold Disclosure: Held
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0 Great analysis

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(20min delay)
Last $42.67		Change -0.020(0.05%)		Mkt cap ! $9.824B

Open	High	Low	Value	Volume
$42.58	$42.92	$42.53	$11.49M	269.4K

Buyers (Bids)

No.	Vol.	Price($)
1	14	$42.60

Sellers (Offers)

Price($)	Vol.	No.
$42.67	1763	1

View Market Depth

No.	Vol.	Price($)
1	14	42.600
2	158	42.500
1	300	42.380
1	100	42.260
1	23	42.250

Price($)	Vol.	No.
42.690	1000	1
42.810	1607	1
42.890	1982	1
42.900	1500	1
43.000	2390	6

Last trade - 16.10pm 11/10/2024 (20 minute delay)

RHC (ASX) Chart

Ramsay's Rise & Rise, page-12

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Ramsay's Rise & Rise, page-12

Top Stories

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Featured News

Buyers (Bids)

Sellers (Offers)

Featured News