New market - NZ!, page-39

@NotthatWarren, I agree the NZ market isn't the make or break here. But not worth discounting entirely.

If you consider their population of ~4m vs Australia's of some ~25m once you have a platform, why ignore an almost 25% market nearby. The nature of the platform and service, is that now that it is built out, customer and client growth is a margin cost to 1ST and incrementally high ROI.

I note your generally negative sentiment towards 1ST and appreciate contrarian views on stocks I hold. I think everyone agrees the float was mispriced and not handled well. My view is that things are quiet different now, for one I have been buying in at 25% of that price, after a huge chunk of capital was raised.

Managements determination to plough on through without further diluting shareholders is not the most common approach at this end of the market. The benefits if it comes off will be a much better return for holders at this price, offset by the negatives perhaps of less liquidity and market confidence until the revenue and story proves itself.

The next few quarters really will be the decider. If the revenue growth can continue, in sync with client bookings things could really get interesting. Everything at the moment is coming from an incredibly low base. The number of practises, patients, proportion of online bookings etc so lots of room to move if it works out.

When you look at the revenue and see that its more than GetSwift and some $100m+ tech specs, it does make one wonder.

Given the sub 20 seconds it would have taken to take a look on the website and see that Perth and Brisbane are already serviced, I'm going to assume you aren't actually interested in what 1ST does or doesn't do.

Likewise your questions about what the booking process is. There is a huge amount of information out there in company announcements and you even have a CEO offering to speak to prospective investors for those genuinely interested.
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My understanding is that the generic 1health website is just one portal to bookings. Not the primary one and that providers can opt to be part of it, just via their website, their respective companies website etc. Also, I suspect that things like available time slots, whether they are accepting new patients etc would impact on the 'headline' number in some places doing a simple search.

Just my assumptions here and I'm sure the company I'm sure would clarify if you enquired.


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