GXH - Green Cross Health (formerly PHB - Pharmacybrands)

[BlackPeter]

Well 1.25 did look sad a couple of days ago but ......... looks like the breakout will not hold up. No change today BIG RED candle yesterday.

Attachment 10955

Likely to come back to your 1.25 sale shortly. I'm still sitting on the fence, don't fully understand the business conditions of the third leg, govt home services sector. Got some homework to do here B4 risking $$$$$$.

Short term technical indicators are only meaningful if there is enough volume supporting the trend. What you are seeing here is the trading noise of a low liquidity share ...

In my view - nothing to see here .. but a nice uptrend. Whether it holds will depend on the next results ...

[BlackPeter]

Tide turning for supermarket pharmacies? Looks like they start to close in the US.

https://www.marketscreener.com/CVS-H...ters-29893604/

This would be a positive trend change for the established specialist pharmacies.

[winner69]

Tide turning for supermarket pharmacies? Looks like they start to close in the US.

https://www.marketscreener.com/CVS-H...ters-29893604/

This would be a positive trend change for the established specialist pharmacies.

That’s interesting BP ..thanks

[BlackPeter]

Been on Saturday for some shopping in town and noticed that Life Pharmacy looked pretty busy. Not checking, whether they sold only hand sanitizer, face masks and antiviral medication, but it sort of appeared (given the spread of customers throughout the shop) people are still interested in other things as well.

Still - wondering, which impact the virus scare might have for a health care provider? Could be a great opportunity to get rid of all these Tamiflu stocks nobody needed during the previous scare.

Sadly though - the only long queues I have seen on Saturday have been in front of the Lotto counter ;

[Filthy]

the one green light in a sea of red. not surprising really. in for a solid year I think. going to get loads more customers.

[BlackPeter]

the one green light in a sea of red. not surprising really. in for a solid year I think. going to get loads more customers.

Agree. Nice to see them finishing above MA 50 as well above MA 200.

[value_investor]

Could be a nice little defensive play given the current climate, the pharmacy and medical side are about to crush things I think!

[Valuegrowth]

Now it is time for defensive sectors like healthcare, consumer staples and utilities. Given the current situation, health care and food come first before others. Health is no doubt a priority, and consumers will continue to use healthcare products and services in difficult economic times. Similarly, food and beverage companies are true defensive plays as most of their products are essentials. Utilities too are deemed defensive stocks as electricity, gas and water are also essentials. One stock to watch for sudden move.

[lissica]

Now it is time for defensive sectors like healthcare, consumer staples and utilities. Given the current situation, health care and food come first before others. Health is no doubt a priority, and consumers will continue to use healthcare products and services in difficult economic times. Similarly, food and beverage companies are true defensive plays as most of their products are essentials. Utilities too are deemed defensive stocks as electricity, gas and water are also essentials. One stock to watch for sudden move.

Could still be a lot of pain in pharmacy and medical centres.

Pharmacists are now starting to get that their crowded shops are not the best place for social isolation, and are asking for all scripts to be faxed so they can be picked up quickly without hanging around waiting.

The College of GPs want majority virtual consults as of tomorrow- 70% of consultations to be done on phone/video/email. This requires a lot more work for the same consult fee.

Medical centres have spent a lot of money on PPE, safety barriers, mobile clinics, staff time and resources already. No financial relief yet, but it is expected to be increased capitation funding targeted at high needs groups. I expect many medical centres will be out of pocket.

[Valuegrowth]

Thank you Lissica for your insight, it was very helpful.