19-01-2017 03:43 PM
Is this view of Discovery "in the crowd we trust"? I think this is a share that is going to always be not quite thee - promising and never quite delivering - which is heresy in these columns. Why? Well I think that the demand for capital will grow as it is entreprenurially driven - and earnings will always be in transition. So I would rather invest in them via RMIH - as there is a great growth and earnings stream in its components and its based on a couple of different models...I am however not widly excited about that UK purchase. And its fully priced.
19-01-2017 05:22 PM
20-01-2017 12:25 PM
I am in large agreement with your conclusions. But I am concerned long term about their medical aid stuff which is being squeezed - ageing members more expensive treatments and all that kind of negative stuff.
and that said the incestuous nature of that administration agreement has me ( wearing my populist hat) thinking that at some point that will be more heavily attacked and become a lower source of profit for them - which up until recently the discovery acolytes /sheep had not recognised..