This time it is different24 Mar 2017 10:25
Yes Gotrader, I was pleased. Forgive my rather subdued response at the eventual publishing of the detailed results. This was because they rather let the cat out of the bag earlier than I was expecting.....and when the detailed results were eventually published, they were much as we had anticipated, without there being any extra nice surprises.
I have held these shares now since 2010 and have seen a number of false dawns......and "more jam tomorrow" reports, so it is only understandable that I should be underwhelmed.
But maybe this time it is different.
For sure, in the early years there were concealed problems and a lot needed to be sorted out within the company. I think the share price was also flattered by a certain amount of takeover speculation.
Then there was the epic news of the Chinese buying 20% of the company....all looked most promising. Then we had a totally unexpected tumble in the share price....... they lost half their value.....and we had the the "illness" and early retirement of the Finance Director, followed by the stepping down of the Chief Executive and several dreary, years of underperformance and write downs under the new management.
But now, the shares are undervalued. The company is turning a corner. Clearly, Huntsworth Health is an extremely valuable component in the future of the company and if it can continue to grow double digit profit for the next 10 years and even a small profit be sustained by the other parts of the company.....we could have a good investment here, that also pays a 4% dividend. If the pound remains weak....this will further enhance profitability.......but 2017 must now show decisive improvement in stand alone growth, setting currency advantages aside. This year could truly mark the beginning of the beginning!