RAMSAY HEALTH CARE LIMITED - ASX: RHC

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ShareShack user name hidden until logged in August 30

Commsec's summary of Ramsay Healthcare FY 18 result on 30 August 18:

https://www.youtube.com/watch?v=J7qNDbfFeWw
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ShareShack user name hidden until logged in June 26
I am in the process of reviewing all of my insurances- as they just seem to go up and up each year. The one that I've noticed has risen dramatically though is my private health cover.

It was therefore illuminating to read the following article which shows that I'm not the only one whose thinking about cancelling their private health cover. In fact, the trend is that more and more people are opting to use the public hospital system.

As a consequence, Ramsay Health Care, which is Australia's largest private hospital group, revealed to the market in a recent trading update on 21 June that revenue growth is slowing. As a consequence of this, profit growth has also slowed and the share price has slumped to a three year low.

I checked out the UBS analyst report released following the trading update and noticed that even after falling to the extent it has, the share's still trade on a FY 2018 forecast P/E of around 20x. This is despite forecast earnings per share growth of only 7% per annum. Historically growth has been in the mid teens.

The following article argues that Ramsay is still expensive due the structural headwinds impacting its industry, and the stock is therefore a short.

I am no chart expert, but interested in anyone who is a chart expert's views on whether this is a short:

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ShareShack user name hidden until logged in June 25
Here's the list of volume spike trades of interest in today's scan (for trading day ending 25-Jun-2018):

AMA, AVN, CCP, CCV, CLQ, GCS, GTY, HSN, KMD, LI3, LSF, MOC, MTS, NTI, RHC, S32, WBT

I suspect that we'll continue to see an increase in the size of this list as we approach the end of the financial year and a lot of institutions are cleaning up their books (thus, increased volume in the markets overall).
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