Stock hit 10 cents last week but failed to entrench itself there. Today it is fighting right now to entrench itself at 9.6 cents. My feeling is that once the weak holders sell out, the share will be able to conquer 10 cent level again and hopefully 10 cents will become the new support base.
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[Signs are good for Healthway 01-01-2013]:
Signs are good for Healthway judging by the recent surge in trading activity:
(a) Price is showing sign of getting out of its rut, recovering from 8 cents to as high as 10 cents;
(b) the recovery was accompanied by heavy volume;
(c) the heavy volume, while suggesting accumulation, also meant that the weak holders were selling out;
(d) announced results show that up to the 2012 third quarter, Healthway was in the profit zone;
(e) when a big player wants to get into the healthcare scene, Healthway is a potential stepping stone. if the player is a hospital player, Healthway with its big clinic network will act as a patient referral conduit.
(f) Healthway also has dental expertise, so it can easily become a combinded GP-cum-dental player;
(f) the caveat if of course that the healthcare industry is a high cost, competitive industry, but at its current low absolute price, the upside potential for the stock appears to be high.
Disclaimer: this is just an opinion
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[Guest 27-12-2012]:
valuation is hard to compute - depends on buyer and seller but from this, does it mean that healthway shares have good upside? but seems like NAV is more used for unit trusts? not sure...
