Medtecs and UG Healthcare, any prospects for turn around?

Before you ask this question, I would invert it and ask myself is the current valuation justified

1) Yes (unlikely to go up further unless fundamentals change)

2) No (so it can go up if valuation is too low or it can go down further if valuation is too high)

Personally I think valuation is too rich so I am not interested at current valuation