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Australian Investment Blog

ASX:HSO 31/10/2018

Healthscope (HSO) – trading update as takeover tussle heats up

Stock Healthscope (HSO) $2.10 as at 31/10/2018 Event HSO is currently a stock in focus for a number of key reasons and this morning they hosted their AGM. Key points for the private hospital operator;

  • It’s currently under takeover from a consortium offering $2.36 per share
  • That consortium increased their current stake this morning to around 19%
  • The bid is conditional upon HSO maintaining earnings plus a number of other conditions
  • HSO are unlikely to agree to the $2.36 bid given they rejected a bid at $2.50 earlier in the year
  • HSO opened the Northern Beaches Hospital yesterday to much fanfare!
In terms of their performance over FY18, HSO had a tough year although their financial performance seems to have turned a corner in recent months. The stock is flat today despite reconfirming EBITDA guidance for growth of at least 10%. Healthscope (HSO) Chart Market Matters Take/Outlook

By james Carter
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