29/04/2022 09:07

Who could follow in Ramsay’s footsteps?

One of the standout themes of the ASX post-COVID has been major private equity investment firms bidding for companies with quality assets usually their main focus. The latest foray has been this month’s $20bn bid for Ramsay Healthcare (RHC) by US investment behemoth KKR at a 37% premium to the previous days trade strongly implying this is one deal that they want to get done – in this case, RHC owns...

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20/04/2022 17:02

Ramsay Healthcare (RHC) $80

RHC +24.24%: articles about a potential takeover of Australia’s largest hospital operator started popping up overnight forcing Ramsay to confirm the reports this morning. A KKR led consortium has put forward an initial $88/sh bid, a 26.7% premium to yesterday’s close for the company which owns and manages hospitals all over the world. The indicative proposal would require a number...

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17/01/2022 09:28

Chapter 3 – Increase flexibility & quality

We have already touched on increasing defensives and cash through 2022 but what stocks to hold in respective sectors and the market as we alluded to earlier ultimately dictates portfolio performance and as we expect shorter and sharper cycles opportunities to buy & sell are likely to present themselves at regular times – not being active enough on the sell side was probably our largest portfolio detractor last year.

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11/01/2022 09:10

Ramsay Healthcare Ltd (RHC) $67.25

Private hospital operator RHC warned the market last week that COVID restrictions would have a material impact on its FY22 earnings e.g. in the first quarter it hit revenue by $55m.  Obviously this is not good news but it shouldn’t be regarded as a surprise more a potential opportunity. MM has been monitoring RHC for a few weeks and we have...

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16/12/2021 09:41

Ramsay Healthcare (RHC) $68.50

MM likes private hospital operator RHC as a recovery story as elective surgeries are back on the menu as “we learn to live with COVID”. However at this stage with surging Omicron numbers we would rather wait in case another dip under $65 provides a more optimum buying opportunity.

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13/12/2021 16:44

Ramsay Healthcare (RHC) $68.85

RHC -0.94%: Edged lower today after announcing they will acquire one of Britain’s biggest private providers of mental health services for $1.4 billion. The acquisition of  Elysium Healthcare, which runs 72 sites including rehabilitation centers and mental health services for children is from private equity firm BC Partners, with Ramsay sighting...

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12/11/2021 09:15

Ramsay Health Care (RHC) $69.38

Private hospital operator RHC closed 4% lower yesterday after its earnings disappointed the market although the weakness was far worse around the open. The FY22 trading update showed NPAT down a meaningful 39.5% to $58.1m with the lack of elective surgeries through COVID understandably the main issue, for us the 2 questions the result...

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28/09/2021 09:28

Ramsay Healthcare (RHC) $69.28

Ove the years RHC has been a star ASX performer but its struggled more recently and post COVID it’s still over 13% below its March 2020 levels while other Healthcare Sector stocks have soared. We wouldn’t be chasing RHC around $70 but another dip towards $60 and the risk / reward will look attractive.

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31/08/2021 09:25

The healthcare sector will have varied influences

COVID has clearly provided a strong tailwind for vaccine producers overseas while pathology operators locally have seen a huge boost in demand which has flowed through to strong profits, Healius (HLS) and Sonic (SHL) are examples here.

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26/08/2021 08:50

Reporting Today (A2M, APX, ALX, AUB, BKL, CGC, CWM, APE, EDV, FLT, IFL, LNK, NIC, PRU, PTM, PNV, QAN, QUB, RHC, RMS, SBM, SSM, TYR, WHC, WOW)

Companies reporting today include: A2 Milk (A2M), Appen (APX), Atlas Arteria (ALX), AUB Group (AUB), Blackmores (BKL), Costa Group (CGC), Cromwell Property (CMW), Eagers Automotive (APE), Endeavour Group (EDV), Flight Centre (FLT),  IOOF (IFL), Link Administration (LNK), Nickel Mines (NIC), Perseus Mining (PRU), Platinum Asset (PTM) – yesterday afternoon, Polynovo (PNV), Tyro Payments (TYR), Service Stream (SSM),  Qantas (QAN), Qube (QUB), Ramsay Health (RHC), Ramelius Resources (RMS), St. Barbara (SBM), Whitehaven Coal (WHC), Woolworths (WOW)

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