Q: WELL is drifting down after reporting good results a couple of weeks ago. What to you see happening over the next 6 months? What catalyst is needed to kick start an upward movement? Would you top up a position now?
5i Research Answer:
We would continue to view this as a BUY; WELL may sell assets in the next year, to free up capital for redeployment. It may buy more companies. But it is doing well on a fundamental basis, and the stock should reflect this, over time.