GXH - Green Cross Health (formerly PHB - Pharmacybrands)

[Vesper]

I'll be interested to see if they bring their div back. Would have thought it would have been a really good season last winter for flu jabs given COVID. Would have also thought their retail division would have benefitted from the rush to buy hand sanitiser, masks and general stocking up from COVID panic etc - but they actually have blamed COVID-19 despite the fact pharmacies were essential and kept open.
The half year update in November of revenue of $277m doesn't support that - it looks fairly steady relative to pre covid (not really a winner or loser of Covid) when I look at the full year results in 2020.

The amount they also put on intangibles to goodwill kind of makes me uneasy too - wasn't ABA similar on that? I can't see how it means too much when Chemist Warehouse is sucking up all them off the best kind of loyalty gainer - low prices for similar or even better result.

Disc: unhappy holder - I bought them as a newbie investor when they were on the way up at $2.20 back in 2015 when I did not properly DMOR and was pretty much investing on 'health company with strong tailwinds from aging population' - I know better now and might offload if they do make it back to $2