Held on too. Got stung last week, selling at 3900p. Ended up rebuying at 4000p. Gonna wait until the bitter end now. Will take 4800p, rather than the final option!
With a 80p divvy, I can't see this going much lower. If there is a bear market, this stock is defensive, as people still buy medicines, so may well rise!
So relieved with the news. Now back in profit, and see 1500/1600 as a target. Only worry is GBP continuing to rise? Does anyone else see this as a SP dampener?
Paul Moraviec, CEO of ConvaTec, said: "The addition of J&R Medical to our Home Distribution Group will strengthen our presence in a substantial and important US market. The acquisition also reinforces ConvaTec's position as a leading distributor of urinary catheters in the US."
ConvaTec Group Plc ("ConvaTec") a leading global medical products and technologies company focused on therapies for the management of chronic conditions, today announces the acquisition of J&R Medical LLC ("J&R Medical"), a Texas-based independent distributor of catheter-related supplies. For the year ended 31 December 2017 J&R Medical delivered revenues of approximately $9.0 million.