NHF - NIB Holdings

[Trav.]

There's still a bit of that gap to fill from last January at about $6.20 so there might still be a few more cents in it. ?

I decided to close this trade out on last Wednesday @ $6.04 due to me running out of patience and I am moving brokers so closed all positions with Saxo on Friday.

It didn't finish the week very strong, so might retrace and then have another go at filling the gap.

 

[Miner]

I decided to close this trade out on last Wednesday @ $6.04 due to me running out of patience and I am moving brokers so closed all positions with Saxo on Friday.

It didn't finish the week very strong, so might retrace and then have another go at filling the gap.

View attachment 118147

@Trav. what you did back in Jan this year has been echoed by the market today with NHF.
Enough is enough
a big flow by market with a thud 11% downfall the insurance company failed to put its own seat belt.
so called strong performance result (net profit increased 84%) did not enthuse market today !
Could market will be worse tomorrow after overseas performance tonight combined with Afgan effect and lower rating of Biden.

-

 

[greggles]

NIB Holdings down around 10% today following its announcement that it has raised $135 million via a placement at $6.90 per share. The company will use the funds raised to finance its entry into the National Disability Insurance Scheme (NDIS) plan management sector as a Plan Manager.

A big gamble by HNF, but the NDIS is a very lucrative area and this CR could very well be a matter of short term pain for long term gain.

 

[Miner]

NIB Holdings down around 10% today following its announcement that it has raised $135 million via a placement at $6.90 per share. The company will use the funds raised to finance its entry into the National Disability Insurance Scheme (NDIS) plan management sector as a Plan Manager.

A big gamble by HNF, but the NDIS is a very lucrative area and this CR could very well be a matter of short term pain for long term gain.

MP repeated 12 months back sce.
Today's price was lower than CR price

 

[Madsaac]

Can someone please explain the sudden drop, thanks.

There is no information anywhere about it. Why aren't people asking questions?

New to trading

 

[Dona Ferentes]

brokers and fund managers holdong presumably unimpressed by results out today.

NIB holdings slumped 11.1 per cent to $6.46. The company reported a 67.4 per cent increase in full-year net profit to $181.6 million and a 9.3 per cent rise in group revenue to $3.3 billion. Group claims were 6.7 per cent higher over the period to $2.5 billion and net investment income added $61.7 million

 

[Madsaac]

brokers and fund managers holdong presumably unimpressed by results out today.

NIB holdings slumped 11.1 per cent to $6.46. The company reported a 67.4 per cent increase in full-year net profit to $181.6 million and a 9.3 per cent rise in group revenue to $3.3 billion. Group claims were 6.7 per cent higher over the period to $2.5 billion and net investment income added $61.7 million

Thanks

Would you have any understanding to why they are unimpressed, those results seem okay?

 

[Dona Ferentes]

Would you have any understanding to why they are unimpressed, those results seem okay?

Not really, its a large cap, widely held. With too many spreadsheets waiting for the new numbers and then hitting BUY/ADD or SELL/ REDUCE

 

[finicky]

Looks to be getting to reasonable value? If willing to overlook current headwinds mentioned that is, such as: higher living costs, higher claims, higher medical costs and they're raising premiums to cope. Interesting to read more young people are taking out health insurance. Age of Covid and other insecurities? I never had insurance when young; now I am deservedly paying through the neck for it with HCF, lol.

The chart is showing some positive divergence of momentum but I'm inclined to pick lower as a more likely outcome - maybe down to $5? Just a guess obviously. It will take a bargain for me to release the moths in my wallet.

Not Held

From Market Matters:

NIB Holdings Ltd (NHF) $5.70​

NHF advanced +2.5% on Thursday following the news that a surprising number of young people are taking up private health insurance despite the risks of the cost-of-living crisis pushing patients into the public sector. Official data released on Thursday showed that more than 15 million Australians now have private health cover following a 5% increase in Australians aged in their 20s taking out hospital cover in the quarter. However, the stock is still down ~22% for 2024, largely due to its financial performance and external market factors.
The company has been grappling with increased claims expenses and higher hospital costs. Its travel insurance segment has faced challenges, including discontinuing its partnership with Qantas and weaker sales compared to prior years. NIB has raised premiums to counter rising costs, and concerns remain about how these increases may impact policyholder retention and affordability in a competitive market. Also, potential regulatory changes are hanging over the stocks/sector, which is never good for share price performance.

• We are starting to feel that NHF has fully built in the recent headwinds with its 5.3% projected yield and steep discount to its historical valuation, providing reasonable risk/reward.

MM is cautiously bullish toward NHF ~$5.70


WEEKLY 5 Year

 

[finicky]

NIB Holdings (NHF) @ 5.58 up 0.5% today.
Comment because Motley Fool Share Advisor just released 5 dividend yield best companies recs at prevailing prices:

"NIB (ASX:NHF)

Established in 1952, NIB is a major Australian health insurer with around a 10% market share, providing coverage to over 1.6 million Australian and New Zealand residents. It also offers international inbound health insurance (IIHI) for workers and students, travel insurance, health insurance in New Zealand, and recently expanded into National Disability Insurance Scheme (NDIS) plan management.

NIB reported robust full-year FY2024 results, with revenue up 9% and net profit up 67%. The company continues to grow its market share, and we believe NIB remains well-positioned for long-term growth, as it not only expands its core insurance business, but is also making inroads into growing adjacent markets. NIB was recently offering a fully-franked dividend yield of approximately 5.2% (7.5% grossed up)."

Not Held

DAILY