Astute shareholders have to love the principle of 'Under promise, Over deliver'...as such a consistent approach maximises the chances of a business setting reachable (and conservative) targets...thus Market expectations...which a well managed business, as is RHC, over delivers each year (as has been evidenced) hence the principle driver of SP growth over the many years.
Ramsay Healthcare (RHC), Australia’s biggest healthcare provider, saw underlying earnings grow 19% to $412 million just above consensus forecasts. This was driven mostly by strong growth in Australia, with EBIT growing at 11.6%. The UK also saw solid growth numbers from expanding NHS volumes, leading to 11.2% EBIT growth. France continued to be a bit of a drag on earnings, however they announced a plan to buy nine hospitals in Lille. Although they lowered their FY16 guidance 4% below consensus, their history of beating guidance as well as the acquisition of nine hospitals likely drove investor optimism on the stock today, rising 5.8%.
RHC Price at posting:
$63.68 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)