NHF - NIB Holdings

[Trav.]

There's still a bit of that gap to fill from last January at about $6.20 so there might still be a few more cents in it. ?

I decided to close this trade out on last Wednesday @ $6.04 due to me running out of patience and I am moving brokers so closed all positions with Saxo on Friday.

It didn't finish the week very strong, so might retrace and then have another go at filling the gap.

 

[Miner]

I decided to close this trade out on last Wednesday @ $6.04 due to me running out of patience and I am moving brokers so closed all positions with Saxo on Friday.

It didn't finish the week very strong, so might retrace and then have another go at filling the gap.

View attachment 118147

@Trav. what you did back in Jan this year has been echoed by the market today with NHF.
Enough is enough
a big flow by market with a thud 11% downfall the insurance company failed to put its own seat belt.
so called strong performance result (net profit increased 84%) did not enthuse market today !
Could market will be worse tomorrow after overseas performance tonight combined with Afgan effect and lower rating of Biden.

-

 

[greggles]

NIB Holdings down around 10% today following its announcement that it has raised $135 million via a placement at $6.90 per share. The company will use the funds raised to finance its entry into the National Disability Insurance Scheme (NDIS) plan management sector as a Plan Manager.

A big gamble by HNF, but the NDIS is a very lucrative area and this CR could very well be a matter of short term pain for long term gain.

 

[Miner]

NIB Holdings down around 10% today following its announcement that it has raised $135 million via a placement at $6.90 per share. The company will use the funds raised to finance its entry into the National Disability Insurance Scheme (NDIS) plan management sector as a Plan Manager.

A big gamble by HNF, but the NDIS is a very lucrative area and this CR could very well be a matter of short term pain for long term gain.

MP repeated 12 months back sce.
Today's price was lower than CR price

 

[Madsaac]

Can someone please explain the sudden drop, thanks.

There is no information anywhere about it. Why aren't people asking questions?

New to trading

 

[Dona Ferentes]

brokers and fund managers holdong presumably unimpressed by results out today.

NIB holdings slumped 11.1 per cent to $6.46. The company reported a 67.4 per cent increase in full-year net profit to $181.6 million and a 9.3 per cent rise in group revenue to $3.3 billion. Group claims were 6.7 per cent higher over the period to $2.5 billion and net investment income added $61.7 million

 

[Madsaac]

brokers and fund managers holdong presumably unimpressed by results out today.

NIB holdings slumped 11.1 per cent to $6.46. The company reported a 67.4 per cent increase in full-year net profit to $181.6 million and a 9.3 per cent rise in group revenue to $3.3 billion. Group claims were 6.7 per cent higher over the period to $2.5 billion and net investment income added $61.7 million

Thanks

Would you have any understanding to why they are unimpressed, those results seem okay?

 

[Dona Ferentes]

Would you have any understanding to why they are unimpressed, those results seem okay?

Not really, its a large cap, widely held. With too many spreadsheets waiting for the new numbers and then hitting BUY/ADD or SELL/ REDUCE