Vision downgraded to Hold

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...

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.

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