After 3 months with no purchases I’m over the moon to be able to have 2 in 1 month (thankyou tax man). For this purchase, I got 11 shares of Ramsay Heath at $72.15 each, which I feel is a solid price to pay. Also, this buy has me achieving my goal of $2000 invested by the end of the year 5 months early!
Now for a bit about RHC:
Ramsay Health Care is the market leader in private hospital operations in Australia, and operates over 220 hospitals globally. The company was founded in 1964 and since listing on the ASX 20 years ago, has shown consistent growth. With an ever-aging population the need for health care rises so I consider this a low risk purchase.
Their numbers are also quite desirable, with a market cap of $14,602 million, Earnings per share of 220.9, 20% cash flow and a 1.7% fully franked dividend that has increased for the past 17 years straight.
Despite a down year I consider RHC solid low risk buy with good growth potential in the future. I look forward to holding this stock long term and adding when the price dips again.