I think your missing the point here.
The question was why is the SP dropping? Not is NVL a good investment?
The reason I used NVL isn't becuase it's a good investment, it's becuase they have brought more practices on line and are talking about expanding more in 2017. This is direct compition for GXL.
I undrestand 34 of these are from the original portfolio that's why it was my first point, but individually privately owned clinics don't get the public exposure as traded companies. Now with the original 34 plus the new 16 they are getting news paper articles about them and how they're expanding and came in 13% above NPAT guidance. It could of helped the downtrend a little and that was my point.
Like I said, would I own NVL, no. But some people will jump out of a stock becuase of the smallest noise.
I think the GXL uptrend resumes tomorrow as it seems to bounce off the $6.30 to $6.40 trigger line. Good luck.
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