PHX

0.00%

5.0¢ pharmx technologies limited

Ann: Appendix 4E and Annual Accounts, page-3

First 3 Last

Share
Profile

Follow
spider_webb

90 Posts.

1

31/08/17

20:14

Post #: 26911164
Share

Originally posted by spider_webb ↑

The outlook section is depressing:

"Corum completed a strategic review of the business in the second half of FY17 and the recommendations have been adopted by management and the board

As a result, the directors have decided at this stage not to invest further in the eCommerce business."

And then it just keeps getting worse when they talk about the health business. "Long term impact of a number of unsuccessful pharmacy group tenders is yet to be determined..." then talks about the loss of a long standing customer and loss of revenue.

And then... "Corum Clear isn't expected expected to contribute significantly to revenue in the coming year."

Are there any bright points in the numbers? All I see is lots of talk and a deteriorating business which is decimating shareholder value. They're down to 14 mil in revenue for goodness sakes! Profits they earn before all these "one offs" don't even look appetising any more... any moat they did have has been eroded.

Where's the upside in all this, that they can stop all the customer's from fleeing? That Corum Clear starts to generate some profit in the next couple of years?

Value trap!

Expand

Originally posted by spider_webb ↑

The outlook section is depressing:

"Corum completed a strategic review of the business in the second half of FY17 and the recommendations have been adopted by management and the board

As a result, the directors have decided at this stage not to invest further in the eCommerce business."

And then it just keeps getting worse when they talk about the health business. "Long term impact of a number of unsuccessful pharmacy group tenders is yet to be determined..." then talks about the loss of a long standing customer and loss of revenue.

And then... "Corum Clear isn't expected expected to contribute significantly to revenue in the coming year."

Are there any bright points in the numbers? All I see is lots of talk and a deteriorating business which is decimating shareholder value. They're down to 14 mil in revenue for goodness sakes! Profits they earn before all these "one offs" don't even look appetising any more... any moat they did have has been eroded.

Where's the upside in all this, that they can stop all the customer's from fleeing? That Corum Clear starts to generate some profit in the next couple of years?

Value trap!

Expand

"Ecommerce Strategy

During the first half of 2017 the eCommerce business finalised and released a mobile payment app... The adoption of the app has been satisfactory"

That's their entire new Ecommerce strategy? An app that has barely garnered a hundred or so downloads! And that is satisfactory to them...

COO Price at posting: 4.0¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

RHK

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

Nine's staff strike as Paris Olympic coverage begins

TRP

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

HRZ

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

MIN

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

NVA

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

MND

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

ASX Market Open: ASX200 to rise for Friday session | July 26

IGO

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

There are more pages in this discussion • 1 more message in this thread...

First 3 Last

Add PHX (ASX) to my watchlist

(20min delay)
Last 5.0¢		Change 0.000(0.00%)		Mkt cap ! $29.92M

Open	High	Low	Value	Volume
5.0¢	5.0¢	5.0¢	$109.2K	2.184M

Buyers (Bids)

No.	Vol.	Price($)
1	40000	4.9¢

Sellers (Offers)

Price($)	Vol.	No.
5.1¢	50034	1

View Market Depth

No.	Vol.	Price($)
1	40000	0.049
1	80000	0.048
1	18000	0.047
1	30000	0.043
1	178096	0.042

Price($)	Vol.	No.
0.051	50034	1
0.055	116000	1
0.060	182025	3
0.062	120416	2
0.063	211237	1

Last trade - 13.18pm 26/07/2024 (20 minute delay)

PHX (ASX) Chart

Ann: Appendix 4E and Annual Accounts, page-3

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

Nine's staff strike as Paris Olympic coverage begins

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

ASX Market Open: ASX200 to rise for Friday session | July 26

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Appendix 4E and Annual Accounts, page-3

Top Stories

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

Nine's staff strike as Paris Olympic coverage begins

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

ASX Market Open: ASX200 to rise for Friday session | July 26

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News