nib Holdings share price falls on result
NiB Holdings (NHF) -6.29%; It’s been a difficult reporting season for MM thus far however a stock we did own and booked a nice ~47% profit in July is private health insurer NiB Holdings (NHF). Today they traded down -6.29% after reporting a result that was broadly inline with expectations. While the result was decent, the sell-off would have been further amplified by the strong share price gains of recent times. Guidance as is generally the case with NHF was tepid and for a stock trading on 21x low single digit growth is hardly exciting. The post-election bump in price seems to be wearing off. Our $8.10 sale price looking better than our BSL buy.
NiB Holding (NHF) Chart
