21/11/2023 09:26

Ramsay Health Care (RHC) $50.81

RHC has traded between $47 and $54 since the disappointing result in August. Unlike HLS, Ramsay has addressed its balance sheet after selling its Sime Darby JV

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13/11/2023 16:42

Ramsay Healthcare (RHC) $52.44

RHC -2.67%: Announced today the sale of their Sime Darby JV, with proceeds of the sale ($935m pre-tax) earmarked to pay down debt, reducing gearing to 2.5x and interest costs by about $55m annually. We thought this announcement was a positive one on a number of fronts, a better balance sheet, and lower gearing.

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07/11/2023 09:12

Ramsay Health Care Ltd (RHC) $51.28

RHC has fallen -21% in 2023 after reporting poorly in August due to higher costs. Our post-COVID recovery theme has proven wrong, but around $50, we believe value has returned to the private hospital operator; hence, we’re holding for now but aren’t married to our position and have no plans to average at these depressed levels

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20/10/2023 09:21

Ramsay Health Care Ltd (RHC) $50.49

We think it’s clear that the sum of the parts that make up RHC are worth far more than the combined entity, and this would allow the company to refocus on its local private hospital business.

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13/10/2023 09:43

Ramsay Health Care Ltd (RHC) $50.85

It's hard to imagine that a -21% fall in 2023 only has RHC as the 5th worst stock in the sector, but it tells the tale of a tough period for healthcare stocks. RHC was another sector name which plunged lower after reporting badly in August – Net Profit After Tax (NPAT) came in at $271mn vs consensus of $348mn, a huge miss courtesy of higher costs

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31/08/2023 09:39

Ramsay Health Care Ltd (RHC) $52.23

RHC was walloped after a disappointing FY23 miss, another cross next to the hotel operators name – its hard to imagine that KKR bid $88 for the stock in 2022 and management didn’t do all in the power to get the deal done. This month’s report saw Net Profit After tax (NPAT) come in at $271m vs consensus $348m, down 9% YoY which was a big miss which saw the stock plumb its COVID low, another business, not a miner this time, that’s been hurt by higher costs.

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24/08/2023 17:10

Ramsay Healthcare (RHC) $48.71

RHC -11.95%: Hit hard today after their FY23 results missed the mark – a continuance of recent woes for the private hospital operator. While top-line revenue was a shade above consensus, as was underlying EBITDA and EBIT, higher than expected interest and tax led to a large miss for Net Profit After tax (NPAT).

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22/08/2023 09:34

Ramsay Healthcare (RHC) $54.82

RHC has struggled in 2023 since disappointing the market in May when they reported revenue growth that trailed the markets expectations for the first 9 months, making it very hard for them to meet FY23 numbers.

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04/07/2023 09:37

Ramsay Health Care Ltd (RHC) $56.75

Private hospital operator RHC has finally found some support after announcing they are considering selling their joint venture in Asia, with several buyers apparently circling the operation. Just over 12 months ago KKR bid $88 for RHC but as the bid fell apart so did the stock however a streamlined operation might again garner some M&A interest.

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29/06/2023 09:17

Ramsay Health Care Ltd (RHC) $57.31

Ramsay Healthcare (RHC) rallied +4.77% yesterday after announcing they are exploring the sale of their stake in the Asian JV, Sime Darby, importantly the company has said they’ve received inbound interest which implies the price may ultimately prove attractive. It’s a shame they haven’t received a decent bid for their European business, that could have catapulted the stock up +20%!

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