Vision downgraded to Hold
Recommendation
Vision Eye Institute Limited -
VEI
Buy
below 0.60
Hold
up to 1.00
Sell
above 1.00
HOLD at $0.71
Current price
$1.07 at 16:25 (17 December 2015)
Price at review
$0.71 at (20 June 2014)
Max Portfolio Weighting
3%
Business Risk
High
Share Price Risk
Very High
All Prices are in AUD ($)
The share price of Vision Eye Institute has jumped 20% in the past week. There's been no material news surrounding the company which declared it's not in possession of any major non-public information. We wouldn’t be surprised if Primary Health Care, which already owns 19% of Vision, is preparing to make a takeover bid as Vision would fit neatly into its network of medical centres and pathology clinics. Still, we're just speculating until we see any company announcements. With the share price up 22% since All eyes on Vision from 3 Apr 14 (Speculative Buy – $0.585) we’re downgrading Vision to HOLD.
IMPORTANT: Intelligent Investor is published by InvestSMART Financial Services Pty Limited AFSL 226435 (Licensee). Information is general financial product advice. You should consider your own personal objectives, financial situation and needs before making any investment decision and review the Product Disclosure Statement. InvestSMART Funds Management Limited (RE) is the responsible entity of various managed investment schemes and is a related party of the Licensee. The RE may own, buy or sell the shares suggested in this article simultaneous with, or following the release of this article. Any such transaction could affect the price of the share. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance.
Recommendation
Vision Eye Institute Limited -
VEI
Buy
below 0.60
Hold
up to 1.00
Sell
above 1.00
HOLD at $0.71
Current price
$1.07 at 16:25 (17 December 2015)
Price at review
$0.71 at (20 June 2014)
Max Portfolio Weighting
3%
Business Risk
High
Share Price Risk
Very High
All Prices are in AUD ($)
People who read this, also read...