Pre demerger the market was valuing Healthcare at hardly anything much to the frustration of the Board / investors ...set free Health was a star ...and Appliances just plodded on as usual.
If Heartland think Motor is worth heaps more than bank multiples a demerger makes sense
When demerged many hocked off their Healthcare shares pretty quickly ...I remember picking up a bundle and couldn’t believe it when the share price doubled in a few weeks when the market woke up to what a standalone Healthcare was all about.
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