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SHL - Sonic Healthcare

SHL @ 29.70
The establishment seems to be steering retailers into healthcare now. Not saying Gary Glover is a shill, just been noticing 'the narrative' change from the system guys. Thought Gary's take on the daily SHL chart was appealing and must admit the weekly made a bullish engulfing candle last week. Does seem to me that its not far from fair value if the FY23 drop in profit was a one off - maybe even a bit cheap, without being exciting? Vid SHL starts about 18.15

Not Held

 
Hi finicky....
Thanks for posting that video.....
I guess the Video was done on or about 17/10/23, I only stayed watching that Video until he started talking abt NCM as a Next Leader....
Was he unaware that NCM has been on Death Row for months, and it ceases trading at COB 26/10/23, yet he called a 3% increase for NCM, then on 18/10/23 the day before the Record Date, NCM dropped 6.58% on the day....
Sorry M8, but unless I've missed something in that video, I would not believe anything he ever puts forward in the future...
Talk abt leading Harold "up the garden path".
Cheers...
DrB..
 
Hi @Chipp,
Do you envisage the overhead gaps will cause much of a problem going forward.
Cheers, Rob
My time line for this trade is weeks not months , happy to see that gap around 31.60 filled but at this stage thats the only one i am looking at . Price filling the wedge would be perfect for me , or even close would be fine . I chase what i consider the fast easy money , not that its that easy . i have tgt in mind but if not reached i have a time based stop loss as well . Time is money as much as price

 
Bought 10 grand worth of this beaten up old health stock at $ 25.42 .
Took a while to fill the order . Our little friends CXA the old Chee x ( ? ) playing silly games 1 second after placing the order .
Why do they bother ? ( Must be bots at work ) Beats me as S.P. 's now $ 25.32 . Average volume for the day at 1.7 mill .
Might be a hold for the very long term , I believe .
 
Not enough growth apparently to satisfy the holders after 4 months if strong share price appreciation. Quite high p/e (x29) and p/b (1.7) prior to today and low unfranked yield.

Not Held
Buy prospect if gets cheap

Outlook from company:
"“Sonic remains well positioned for future earnings growth,driven by strong organic revenue growth with consequent operational leverage,enhanced by synergy realisation and improving returns from completed acquisitions and contract wins."



 
I think that we will see more of these type of price drop in various companies suffering from poor productivity. The early 1980’s has returned, and will be hanging around for several years or more depending on the public good will.
 
am running out of suitable 'healthcare stocks ' to buy as 'safe-havens '

will run the tape measure over this one , just in case

i am very cautious buying into this sector despite some ridiculous successes here ( notably PME and BKL but others had nice gains crystallized in take-over deals , and wrecking the 'safe-haven ' desires )

their exposure ( SHL ) to the EU will mean i will be very harsh in my appraisal ( i think Europe is a train-wreck sliding towards a cesspit )
 
SHL might get cheaper still after the ex div date , too . ( 3rd September )
Generally , one shouldn't buy a falling stock like this, but I did , 10 grand worth at $ 22.10
SHL hit a 52 week low today of $22.05 on low volume as usual . Although 4 million shares traded last Friday .
Had thought of waiting till after the AGM in November to see what the directors have got to say for themselves . Not much likely to happen till then at least . After that ? Who knows.

SHL closed today at $ 22.08 . Volume : just over 3/4 mill.
 
$21.39 year's low today . S.P. closed at $ 21.52 . Volume just average , at nearly 3 million .
What's interesting : there seems to be a bit of interest in the after hours business. Past the usual 4. 10 pm mark , trading went on for another hour . That's a bit unusual . Seems to be attracting a bit of interest from the Insto's at this level , daily - volume wise , anyway .
I'll have to keep watching this .

CEO will be gone by the November AGM . Today's announcement :
 

Attachments

  • Sonic-Healthcare-Announces-Succession-of-CEO.PDF
    211.8 KB · Views: 1
On My watch List, looking to Buy in Below 20, but may buy sooner should it start to recover.
 
Past the usual 4. 10 pm mark , trading went on for another hour
Yeah!? I'm unfamiliar with practices like this but I assume it's some form of retailers getting deceived and stiffed.
The chart shown is for one day, 3 minute intervals - almost a quarter of the daily volume occurred well after 4pm.
The daily chart (not shown) gives no reason for buying just yet that I can see.

3 minute chart for 1 day
 
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