ASX:JHC

Key stocks and ideas from the WAM presentation

Patrick Poke

Wilson Asset Management held their shareholder presentation in Sydney today. Chris Stott, Catriona Burns, and Matt Haupt all took the stage this morning to share their view on the markets, their top themes, and a few stock ideas. Here are the highlights. Show More

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Buy Hold Sell: 5 stocks in the hottest sector right now

Livewire Exclusive

The healthcare sector recorded a total gain of 24.4% in 2017, making it the single best performing sector on the ASX. Not even two months into 2018, and it is already a solid 10% ahead of the wider market. Yesterday's half-billion dollar takeover for Viralytics - at a 175% premium... Show More

buy hold sell ASX:RMD ASX:CAJ ASX:NAN ASX:JHC ASX:PGC

The Good, The Bad and The Ugly

James Gerrish

As part of Livewire's exclusive reporting season coverage, each week I’ve been nominating a ‘Good’, ‘Bad’, and ‘Ugly’ result - with this week's lineup being QBE, Japara and Flight Centre respectively. On the ‘Ugly’ result, I ask whether Flight Centre’s bricks-and-mortar retailing of travel agency services is in structural decline,... Show More

ASX:FLT ASX:QBE ASX:JHC February 2017 Reporting Season

Time to consider the aged care sector?

James Gerrish

The aged care space has been battered since late 2015 and Japara's (JHC) result yesterday did not help, with the stock falling 5.9% to $1.90. The question we ask ourselves is it time to step up and buy the sector which clearly should benefit from an ageing Australian population -... Show More

aged care ASX:REG ASX:EHE ASX:JHC

Reporting preview for 13 healthcare stocks

Morgans Financial Limited

The healthcare sector has underperformed the broader market recently, but the fundamentals driving the sector remain the same. In the video below I discuss the healthcare stocks under Morgans coverage and provide a brief summary of our expectations leading into the 1H17 reporting season. Companies discussed include: ResMed, Cochlear, Sirtex... Show More

Japara Healthcare Limited (ASX: JHC)

Leyland Private Asset Management

Japara Healthcare is one of Australia’s largest private sector enterprises in the aged care and retirement industry. JHC stock dropped 20% this year on the back of the government’s review of aged care funding. We are not overly concerned about the changing regulatory environment, as it is prudent for the... Show More

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Near-term ideas in the healthcare sector

Morgans Financial Limited

Aged care operator, Estia Health, had a significant downgrade last week, Japara & Regis were also sold off, but have since recovered. The downgrade put some negative sentiment over the sector. Cuts to government spending in the long-term will hang over the sector for a while, but most of this... Show More

ASX:IPD ASX:REG ASX:EHE ASX:JHC ASX:VHT

Aged care operators take a tumble

Patrick Poke

A number of analysts have downgraded Australia's aged care operators following a 'clarification' from the government on the types of fees that can be charged: https://agedcare.health.gov.au/programs/residential-care/charging-fees-for-additional-care-and-services-in-residential-aged-care-including-capital-refurbishment-type-fees Show More

aged care ASX:REG ASX:EHE ASX:JHC

Post-reporting season healthcare wrap

Morgans Financial Limited

This year saw outstanding results from the hospital operators, in particular, Ramsay Healthcare (RHC). Results were at the top end of consensus forecasts, and expectations are for continued robust growth. Over the last 20 year, RHC has produced an average of 16% compound earnings growth, and this looks like it... Show More

One IPO that caught our attention

Eley Griffiths Group

We participated in the $918m IPO of Reliance World Corporation (RWC) at 21x FY17 PE. RWC designs and manufactures ‘behind-the-wall’ plumbing fixtures in Australia, US, Canada and increasingly in Europe. The business has its origins in Australia where it predominantly served the wholesale/OEM channel (e.g. Reece, Tradelink). RWC enjoyed a... Show More

ASX:MIN ASX:SGM Longform ASX:REG ASX:EHE ASX:JHC ASX:RWC

Healthcare update: Reporting season preview

Morgans Financial Limited

The defensive nature of the healthcare continues to make it an attractive choice for investors, however, the valuations are tracking pretty close to our price targets currently. One subsector where we see some upside is aged care. With regards to the regulatory concerns in Australia, we’re becoming a little more... Show More

Top 10 most read wires of the second quarter

Patrick Poke

It’s been an exciting quarter at Livewire; we’ve hosted the second Livewire Live investor forum at the ASX’s Exchange Square, and contributors have submitted more than 1,000 wires to the website. Financial markets have been no less interesting as they seesawed before and after the UK referendum, market commentators continued... Show More

Aged Care – regulatory environment masks the opportunity

Morgans Financial Limited

The two listed aged care operators we formally cover – Regis Healthcare (REG) and Japara Healthcare (JHC) – have come under significant selling pressure (fallen over 15%) since the Budget cuts were announced in May. In response to the higher-than-expected increase in residential aged care funding, the government has announced... Show More

aged care Longform ASX:REG ASX:JHC

All is not what it seems with aged care

Andrew Macken

Australia’s residential aged care providers are seemingly simple businesses that operate provide accommodation and socially-imperative care for our elderly in return for a fee. However, the economics of these businesses are surprisingly complex. Probably the most confusing aspect relates to Refundable Accommodation Deposits (RADs). Think of RAD as a deposit... Show More

aged care ASX:REG ASX:EHE ASX:JHC

Complacency in the aged care sector

Livewire Exclusive

“One strongly performing part of our little market, where we’ve all milked great returns and complacency has set in is the aged care sector,” said Ben Griffiths, Portfolio Manager at Eley Griffiths Group, at the recent Livewire Live forum in Sydney. “It’s not a deep slumber, but certainly some complacency... Show More

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Access the highlights of Livewire Live

Livewire Exclusive

Last week, Livewire Markets, in conjunction with Bell Direct and ASX, presented the second Livewire Live investor conference to a sold-out crowd of 250 investors at the ASX in Sydney. The event provided investors with a unique opportunity to hear how 14 of Australia’s most respected investors have been making... Show More

The overlap of property & powerful long term thematics - Part 1

Clime Asset Management

Earlier this year, we reviewed some of the key factors driving the ongoing strength in the property sector. A few months and one further domestic rate cut later, Australian Real Estate Investment Trusts (AREITs) have rallied further. But today’s paper is not another case for the AREIT sector, but rather... Show More

Tightening the reins on healthcare expenditure

Livewire Exclusive

The budget was reasonably benign when it came to stock market impacts as the government was leading into an election. Some of those most impacted were the aged care providers such as Regis Healthcare, Estia Health and Japara Healthcare as the government looked to impose tighter funding criteria to slow... Show More

healthcare the buy side brief ASX:REG ASX:EHE ASX:JHC

Budget winners and losers for investors

Livewire Exclusive

The Federal Budget affects all Australians, but for businesses impacted by regulatory changes, the effects can be outsized. Past budgets have affected everything from Telstra to AMP (superannuation changes), and healthcare providers. This year’s budget is no exception, with wide-ranging changes affecting superannuation & retirement (again), television and radio, and... Show More