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%!
- We believe RHC is worth far more split up than as a group hence we like this move, KKR must have agreed when they bid $88 in 2022.
MM remains long and bullish RHC, if a little bruised.
Add To Hit List
