Royally Stuffed Up

PHG had so much promise but it has gone for a bargain to the Chinese at 47c.

The CEO's performance rights would have triggered at 72c and 84c which indicates what she and the directors saw as achievable.

So all of that potential will now be denied to the shareholders and has been given free to Healthe. What a disaster!!!

I guess that's what you get when you have a couple of bankers running a hospital company. But having said that, the execution of the Gold Coast acquisition and the Company's tardiness in responding to the changing market for rehab services was a killer.

PHG disappears from the ASX as from today so I'm signing off bitterly disappointed.