I sold fph, but have bought more rmd.
Covid reduced sleep tests, which reduced sales to new customers suffering sleep apnea.
RMD filled the revenue hole by selling ventilators. Which is not usually a large part of their business.
Now things will normalise.
Im betting next quarterly results due (end of month) will show a boost to sleep apnea machines.
Will buy FPH if it falls due to a reduction in ventilation humidifiers as I think Covid has helped them get devices into many additional hospitals.
FPH and RMD both great companies. Challenge is surfing the price rises and falls.
Also RMD fell as 10year bonds increased with the rest of the high pe stocks. Market will reduce sensitivity to bond rates if economic growth accelerates.
RMD price drop, page-12
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Last
$34.11 |
Change
0.400(1.19%) |
Mkt cap ! $21.92B | |||
| Open | High | Low | Value | Volume |
| $34.20 | $34.34 | $34.02 | $60.82M | 1.781M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7996 | $34.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $34.16 | 5000 | 1 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| RMD (ASX) Chart |