3/8/2024 0 Comments C spire data pass pricesThe ongoing war in Ukraine and its subsequently withdrawal from Russia have put a large dent in profits.īut brokers expect the FTSE 100 firm’s earnings to rebound strongly this year. Soft drinks bottler Coca-Cola HBC ( LSE:CCH) has had a difficult time over the past year. Any reading below 1 indicates that a stock is undervalued. This means Spire shares trade on a forward price-to-earnings growth (PEG) ratio of just 0.5 today. City brokers think annual earnings will soar 62% this year. Yet I believe these risks are baked into the FTSE 250 firm’s ultra-low valuation. In particular I’m wary of shortages of key nursing and other medical staff which is pushing up wage expenses. I think we could be at the beginning of a sea change in patient behaviour that powers profits at Spire and its peers.Īs an investor I’m concerned about how high cost inflation could hit profits at the company. The number of people awaiting treatment sits at record highs above 7.2m… and looks set to keep increasing.īUPA, Aviva and Vitality - three of the UK’s largest private health insurers - added a combined 480,000 new customers in 2022, the Telegraph has reported.
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