OAK 0.00% 6.9¢ oakridge international limited

Ann: Xped to Acquire Healthcare Technology Company-XPE.AX, page-130

  1. 9,102 Posts.
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    I thought the purchase was ok, but milestones of $3 - $6 million after 12 months to 24 months, when current revenue of JCW is around$2 million is not a big ticket item IMO. I think we need to concentrate on the core business, but these purchases are fine. But the market did respond negatively to the news and probably because they might be thinking we are spreading our wings too far without locking down core business in terms signed contracts and a signed chippie. The risk when you spread to far too early into other areas is can't control costs. Without the news of earlier this week I wonder whether we would have been trading higher than what we are now - i.e. closer to 4.8 c because that is where we were trending before this news - albeit good news if you were already established in a market - came to being. Until we get the news of the chippie think the price we trend up slowly - when we do get a signed chippie I think people in the market will then understand how the latest purchase will help us grow. Now I know we are talking healthcare, but in my earlier post I stated JCW is into other things with their technology around smart homes as well (with a flavour to aiding disabled people). All IMO
 
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