Buy, hold, sell: Three microcap buys (and two facing headwinds)

Chris Conway: Hello and welcome to Livewire’s Buy Hold Sell. My name is Chris Conway. Over the past few weeks during reporting season, we’ve analysed the top end of town quite a lot. So today, we’re going to take the road less travelled and talk about three undiscovered micro caps and two that aren’t worth their salt. To do that, I’m joined by Chris Stott from 1851 Capital and Joel Fleming from Yarra Capital Management.

The first stock that we’ll talk about today is Capitol Health. It runs a network of diagnostic imaging clinics. It was once a market darling. Chris, we’ll start with you. Is it a buy, hold, or sell?