Australian (ASX) Stock Market Forum

HLS - Healius Limited

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Julia said:
brty, where do you get the grossed up yield of over 10% from? E-trade is quoting the yield at 5.6%, fully franked, but that would only bring it to around 8% grossed up, wouldn't it? Maybe E-trade's figures are out?
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I dont trust it as far as i can throw it!

I have been looking for SOLID figures collected in the one place (cheap) but have found so many bad sites.. including e-trade (their valuation model looks a little odd..)
 
In the last market update (21/5/10), it included the following about the dividend....

Primary anticipates declaring a final dividend for FY2010 of 10 cents per share. This will give a total dividend of 25 cents per share for the full year, fully franked.
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At today's price of $3.48 that gives a straight yield of 7.18% and a grossed up yield of over 10%.

Have I worked this out incorrectly?? My suspicion is a surprise to the upside, mainly because of the options of the managing director.

I never trust the figures from any source other than company announcements. If I see some interesting ones from another site, I will go and check them myself.

brty
 
Over a year and a half since the last post in this thread.

I have revisited because PRY has once again come to my attention due to its falling share price, i have noticed that every time over the last 2 years it has got down below $3 its has subsequently bounced thus offering opportunities to exit with good profit...even if the bounces are getting lower over time.

Will this time be different? :dunno: the continuing overall down trend is a bit of a worry, still revenues seem to have stabilised as has profit and debt and the dividend has some scope to be lifted over time from the current 50% payout level..div yield 4.8%

First one of my old PRY charts from 3 years ago...from page 1 of this thread.
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And a new 4 year chart.
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Last Monday's ex-div (9c ff) was follwed by the usual sell-off; interestingly, the gap left by last month's reversal pattern seems to act as support, suggesting sellers won't accommodate buyers any lower.

PRY n 24-03-14.gif

I am buying again; trailing stop at $4.67.
 
Impressive run up from PRY in the past few months, it's now in the top ten shorted stocks list. I cannot work out why either of these things have occurred (i.e. the out-performance or why it's being shorted - perhaps short positions a result of out-performance?)

Anyone have any insight here? Anyone willing to put up a chart with some analysis?
 
Junior said:
Impressive run up from PRY in the past few months, it's now in the top ten shorted stocks list. I cannot work out why either of these things have occurred (i.e. the out-performance or why it's being shorted - perhaps short positions a result of out-performance?)

Anyone have any insight here? Anyone willing to put up a chart with some analysis?
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Given the large Short position, the recent sell-off shouldn't come as a surprise. I could also understand the rationale that could make punters want to Short:
1. speculation that the Government's efforts to curb medical spending might cut into PRY's revenue
2. speculation that the lenders of shortable stock - usually large instos - may like the sp to drop without them having to add directly to the selling pressure. They can increase their holdings at lower cost

PRY am 21-04-15.png

Regardless of which assumption prevails, I would guess that sooner or later - probably before end of June - the Shorts will start to be covered with the obvious result, pleasing all holders, of which I'm currently not one. I'll wait for a technical signal that the bottom is in place.
 
Nice post Pixel.
Gives some good things to consider from the market/technical perspective.

Fundamentally, I note that PRY has had a long overdue board reshuffle and their accounting treatment of acquired doctors has been mostly changed which removes a red flag that many analysts have had with this company. It could be entering a new stage, but we will have to see over the next few reports.

Technically, the break above $5.00 looked good IMO - it smashed through long-term horizontal resistance. We could just now be seeing the pullback to test the breakout level. Today's shorts are tomorrows longs, so any resumption of the up-trend could result in a swift move as shorts cover.

Not holding anymore myself, I did trade it recently but took a small loss :(
 
good point too, VS;
$5 could be seen as something of a psychological hurdle, although, on precedent, I'd have picked $4.95 and now $5.16 as break-and-retest levels.


PRY n 21-04-15.png
 
Cheers guys.

I have a stop in place at $5 so will probably end up selling in the short term, we'll see.
 
Junior said:
Cheers guys.

I have a stop in place at $5 so will probably end up selling in the short term, we'll see.
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Looking at the Fibonacci levels, I can see potential support a couple of cents below $5 with swift take-off likely if that Fib 61.8% proves holding support.

PRY Fibpm 21-04-15.png

but it's your trade and I don't intend to influence your decision.
 
Thanks Value and Pixie.

Sold PRY at open this morning. Decided to lock in the gain, can't identify a catalyst for higher highs.
 
OK...exiting at $5 proved worthwhile.

SP now down at $4.06 after what I thought was a reasonable profit result. This stock was regularly appearing on the top 10 most shorted list, and it looks as though many of those positions have been or are being realised.

The stock is at a 2 year low and yielding 4.6%. I'm seeing value from a fundamental standpoint, but the chart is telling me otherwise.

Can anyone offer insight here?
 
The MBA purchase could be just a trade opportunity or it could be that an upturn is expected over the longer term.
There's indications for both in the chart imo. It's certainly tempting for me as a longer term holder to top up at this price.
 
Sometimes you see a piece of news and just think, 'that's a short, I don't care what the price is or what the charts say.' I'm gonna go short it.

Peace of news -

Medical centre and diagnostics group Primary Health Care has warned that revenues across all of its businesses are under pressure to due to weak market conditions and Medicare funding cuts.

Read more: http://www.theage.com.au/business/m...ar-sizzles-20151119-gl3i77.html#ixzz3s0DIrR4s
Follow us: @theage on Twitter | theageAustralia on Facebook
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Coincidentally after actually heaving a look at a weekly chart it just fell through 67.8 fib level and support.
 
On December 5th, 2018, Primary Health Care Limited (PRY) changed its name and ASX code to Healius Limited (HLS).
 
This on is a sell on my CAM weekly but it could be a buy soon based on the below info

Trialing some new software and I still have my training wheels on so bear with me as I post a few charts and hopefully I can get 1 or 2 predictions correct

HLS has had a very nice run since a low in April of $1.925 and is approaching a posisble pivot point. Will it make it in time ? Currently oversold but with the market volume reducing it may miss the boat and continue down to fill the gap on the created on the 9/12 due to news.

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Trav. said:
This on is a sell on my CAM weekly but it could be a buy soon based on the below info

Trialing some new software and I still have my training wheels on so bear with me as I post a few charts and hopefully I can get 1 or 2 predictions correct

HLS has had a very nice run since a low in April of $1.925 and is approaching a posisble pivot point. Will it make it in time ? Currently oversold but with the market volume reducing it may miss the boat and continue down to fill the gap on the created on the 9/12 due to news.

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An interesting chart @Trav..
Even though the bounce could be imminent, the risk/reward ratio is not flash!
 
HLS , is my stab at the wooden spoon for August ( OOPS ! i mean pick for the August comp. )

i normally don't invest much in bigger health-care stocks , too much risk of government meddling to my liking , BUT ...

the P/E is fairly low ( and sadly D/E over 50% ) and it might be time to add a few extra traditional 'safe-haven plays '

i have a small buy order entered in the market ( after today's close )

so i either buy some cheap in August , or miss out on the comp. wooden spoon

i had a nice run when i held the PRY hybrids ( debt notes ) back circa 2012 until they redeemed .

one would think this has little chance of being a take-over target , but some unexpected deals have been completed elsewhere on the ASX , so you never know
 
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