-
06-11-2019, 09:41 AM
#231
Hmm ... I think on the other thread for some other stock some gurus called a similar shape "inverted bell curve". No idea what the TA implications are, but it sounded positive ...
Attachment 10830
And obviously - there is still the double bottom and now a push through the EMA 100 ...
Just wondering, how the half year financials (due end of November) will look like? I recon the supply shortages this winter (first flue jabs and later on measles jabs running out) and the long cold and wet spring could be seen as indicators that this might have been a busy year for pharmacies and GP's?
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
-
06-11-2019, 09:49 AM
#232
Originally Posted by BlackPeter
Hmm ... I think on the other thread for some other stock some gurus called a similar shape "inverted bell curve". No idea what the TA implications are, but it sounded positive ...
Attachment 10830
And obviously - there is still the double bottom and now a push through the EMA 100 ...
Just wondering, how the half year financials (due end of November) will look like? I recon the supply shortages this winter (first flue jabs and later on measles jabs running out) and the long cold and wet spring could be seen as indicators that this might have been a busy year for pharmacies and GP's?
TA and charting stuff is just seeing things you want to see (or being blind to the obvious) and feeling happy about it
Yep, there is an inverted bell curve somewhere amongst those lines ...and that’s generally good news ...but the inverted bell curve seems to be almost complete ...not so good
Last edited by winner69; 06-11-2019 at 09:53 AM.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
-
06-11-2019, 03:06 PM
#233
Member
Originally Posted by BlackPeter
I recon the supply shortages this winter (first flue jabs and later on measles jabs running out) and the long cold and wet spring could be seen as indicators that this might have been a busy year for pharmacies and GP's?
Busier increases profit up to a point.
About a third of general practice income is from capitation, and significantly more since the introduction of $19 community services card and free visits to under 14s. The greater the utilisation the lower the profit per patient, and it will be negative if the capitation+copayment is less than the marginal cost of a standard consult. In the case of under 14s, as soon as they present to the doctor, the practice is losing money.
The measles vaccines are a public health %c&! up because they can't get a consistent message across. GP practices spend a large amount of time answering calls from public, for free. It's not a high margin service. Pharmacies should not be allowed to administer MMR, but they are looking for new sources of revenue due to increased competition from Chemist Warehouse/Countdown.
-
15-11-2019, 05:03 PM
#234
Originally Posted by BlackPeter
Wow - nearly 1.4 million shares changing hand today for $1.05!
Is this the "2" in "1, 2 and jumping"?
Nice end to the week: finishing with $1.15. This is a clear break over the MA200 (at $1.13).
The ascent continues ... but I lost count of all the positive indicators ...
Last edited by BlackPeter; 15-11-2019 at 05:11 PM.
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
-
15-11-2019, 05:09 PM
#235
Originally Posted by BlackPeter
Nice end to the week: finishing with $1.15. This is a clear break over the MA200 (at $1.13).
The ascent continues ...
Looks like you are onto a winner here Peter
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
-
15-11-2019, 05:13 PM
#236
Originally Posted by winner69
Looks like you are onto a winner here Peter
I guess we will see when they publish the HY numbers end of November ... but so far market seems to be optimistic.
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
-
16-11-2019, 11:07 PM
#237
Current PE of about 10.2 which could mean that the only move is up right?
I'm not so sure, the pharmacy game is pretty homogeneous in product so price sensitivity is a contributing factor. Another CW opened in the CBD, close to a few unichems. I've yet to see the other two sectors (both medical and community health) bring anything meaningful to the bottom line.
As Warren Buffet says, he's looking for 1 foot hurdles to step over and not 7 foot bars. I'd pass for now.
-
21-11-2019, 11:03 AM
#238
Originally Posted by winner69
You’ve been itching to buy for a while — now must be the time, esp if a punter has capitulated
Low PE / high yield
Well, yes - good buying below $1, wasn't it?
At this stage it looks like the $1.20 offers some resistance, though.
I suspect markets want to wait for the HY financials (must be due in a week or so).
If we assume GXH to deliver over the next couple of years "average" results (no growth baked in and slightly below the already disappointing 2018), than the current SP looks about right (equals a long term PE of 11.8).
If however this years flu and measles season combined with the new CEO (with retail experience) made a difference, than we should get some growth for free.
Time will tell. As we saw with Abano, it is possible to screw up a health enterprise, but as we saw with Ebos, it is possible to make a killing with them as well. And hey, the industry as a whole clearly should have some tailwinds thanks to the aging population structure.
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
-
21-11-2019, 05:20 PM
#239
Are gxh paying a divi in Dec or have I missed something?
-
21-11-2019, 05:33 PM
#240
Originally Posted by Dlownz
Are gxh paying a divi in Dec or have I missed something?
No divie shown on NZX's site in upcoming divie section.
I sat outside Chemist Warehouse's Rockdale Plaza,Sydney store on Tuesday.Fitted out like a $2 dollar store.Looked dreadful,but they were doing flat out business.Their NZ stores will make trading very difficult for GXH's stores.
Tags for this Thread
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Bookmarks