ASX:REG

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

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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

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

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3 sectors that have disappointed investors

Livewire Exclusive

Following reporting season, a number of previously well-loved sectors have fallen out of favour with the market. Outdoor advertising, aged care operators, and telecommunications companies have all seen falls of around 30%. Despite the well-established difficulties of operating in the aged care sector, investors got “over-excited” about this area and... Show More

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

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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

Weekly CEO insights

NAOS Asset Management

As part of the NAOS investment process, we pay particular attention to the comments made by company CEOs and business leaders in order to gain a greater understanding of the current investment environment and key trends that may be emerging. Below are quotes from the week which in our view... 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

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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

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

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

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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

Daily AGM Note 29 October 2015 - no second strike at Newcrest Mining

Avatar fallback

Daily AGM note has results for JB Hi Fi, Tabcorp, On the House, Regis Healthcare, Newcrest Mining. The note is updated progressively through the day as results are released. https://subscriber.theexecutiveremunerationreporter.com.au/archives/13011 Show More

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Sleep well at night - overviewing the large Healthcare stocks

Scott Power

FY15 earnings season was mixed and some outlook statements were soft, but the sector still managed to outperform and fundamentals remain intact. We see no point in worrying about the looming US Federal Reserve decision on rates, slowing global growth, falling commodity prices and an uncertain domestic macro outlook, as... Show More

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