CAPITOL HEALTH (CAJ) Shares
ABOUT CAPITOL HEALTH
Capitol Health Limited is a leading provider of diagnostic imaging services to the Australian healthcare market. Headquartered in Melbourne, Victoria, the company owns and operates clinics throughout Metropolitan Melbourne, Regional Victoria, Tasmania, and Western Australia.
OVERVIEW OF CAPITOL HEALTH
Capitol Health owns and operates a portfolio of 58 clinics throughout Victoria, Tasmania and Western Australia. The company’s facilities are predominantly community-based rather than hospital-based, with priority given to service and minimization of administrative burdens for healthcare professionals. The company conducts more than 1.2 million procedures annually and employs around 900 people and around 65 radiologists.
Trading primarily under its flagship brand Capital Radiology, the company provides a range of diagnostic imaging services. Approximately 90% of revenue is generated through X-Ray, Ultrasound, CT and MRIs; additional offerings include nuclear medicine, mammography/breast screen, bone densitometry, and other related services.
The company makes strategic investments in diagnostic imaging artificial intelligence through Enlitic Inc in the US, and a joint venture with CITIC Pharmaceutical, to provide consulting and clinic management services across mainland China.
In 2019 the company completed the purchase of a network of eight clinics in Perth, including two clinics in the southwest of Western Australia and an additional four clinics in metropolitan Melbourne. These acquisitions deepened the company’s presence in key geographic growth corridors and were another step forward for its growth agenda.
The company focuses on delivering organic growth via market share and margin, while delivering several greenfield and brownfield developments across the network.
This is complimented by targeted bolt-on acquisitions and investment in its people and systems for scalability. The company also reviews all clinics to ensure its focus and resources are deployed where it has identified growth opportunities.
VISION & VALUES OF CAPITOL HEALTH
As part of its code of conduct, Capitol Health strives to protect the health and welfare of its people by providing an environment free from discrimination and harassment and which enables employees to balance their work life with their family responsibilities and outside activities.
To this end, the company engages in conduct that is non-discriminatory based on religion, sex, race, sexuality, disability, cultural background, marital status, age, union affiliation, political conviction or family responsibilities.
The company also requires its personnel to refrain from acting in a way that would unfairly harm the reputation and career prospects of other personnel, and to avoid behaviour that may be reasonably perceived as harassing, intimidating, overbearing, bullying or physically or emotionally threatening.
MARKET PERFORMANCE OF CAPITOL HEALTH
Capitol Health Limited trades on the Australian Securities Exchange (ASX), where investors can buy shares under the stock symbol –CAJ.
Data from the company’s 2019 financial analysis shows a revenue increase of 25% to $ 149.2 million, underlying EBITDA of $ 26.0 million, up 21% over the prior period and in line with market guidance, and net profit after tax of $ 27.5 million, a substantial increase over the prior year loss. The company’s balance sheet remains sound with cash of $ 7.3 million and unused funding facilities of $ 99.7 million.
The company’s strong performance has continued its history of delivering a strong share price for investors with good long-term growth in dividends, securing a solid buy-in for those who choose to purchase shares today.
Buy CAPITOL HEALTH stocks / shares – ? A Step by Step Guide how to Buy / Purchase CAPITOL HEALTH Stocks or Shares online.
Before buying any stock or share one has to consider a few factors.
STEP 1: PROPER RESEARCH IS ESSENTIAL
Upon deciding you want to buy CAPITOL HEALTH Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.
Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.
STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN CAPITOL HEALTH STOCKS / SHARES
It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a $5 stock, multiply 100 by $5 to get $500.
STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE
Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.
STEP 4: OPEN A BROKERAGE ACCOUNT
A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.
STEP 5: COMMIT AND PURCHASE CAPITOL HEALTH STOCKS / SHARES
Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out. Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of CAPITOL HEALTH stocks / shares.
5 Questions to ask yourself before purchasing any stocks or shares.
- Is it the best time to buy this stock / share?
- Should I buy CAPITOL HEALTH stocks / shares in the current economic climate?
- Can I afford to buy this stock / share?
- What is the forecast of the stock / share growth?
- What is the current price per earning ration on the stock / share?