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Price heads lower as EHE goes ex-div so the alert is now cancelled. The price action did not play out as expected so we are now heading back to the drawiung board.
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Alert History
Original Alert 30/08/19
New Buy Entry Alert EHE
Time Frame : Daily/Weekly
Sector : Healthcare Equipment and Services
Key Stats : $703.66 Million Market Cap, VWAP 2.73, ASX Ranking 303, 4 Week Av Turnover $2,746,181, Current Turnover (Intraday as at time of alert) $895,095, PE 17.0, Div Yield 5.85%.
Company Overview : Estia Health Limited (EHE) is a provider of residential aged care services in Australia from which it provides residents with clinical care services, daily living services, accommodation services and extra services. The Company provides facilities across Victoria, South Australia, NSW and Qld. It has 68 operational homes across Australia.
Broker Consensus : HOLD
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EHE – Estia Health Limited
EHE recently had some positive results and announced a 7.8 cent Div with ex-div date 4th Sept. We see that price was sold down after the announcement due to global market concerns so see the potential for a run up through 2.85 and 3.00. If buyers get some wind in their sales price could easily extend up to 3.50. We are happy to buy on a push up through 2.77 with a stop loss at 2.65. If price falls prior to the entry through 2.65 then we will cancel the alert and re-assess.
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Stock Code : EHE – Estia Health Limited
Company Website : www.estiahealth.com.au
Current Price : 2.75
New Potential Buy Entry (Trigger Level) : 2.77
Potential Sell Exit Zone (Stop Loss) : 2.65
Status : On watch for Buy Entry Trigger
