I saw in the AFR on the weekend an article about 'buying into the asian wave' it mentioned only about 9% of business's operate in Asia and in it had 1.8 billion middle class in 2009 that will grow to 3.2 billion by 2030, which will mean a lot more people will have access to healthcare.
Also while the Australian dollar follows the resources industry downwards and i expect the aussie dollar to stay low for a prolonged period of time, Aussie cash will have a lot less buying power overseas so a company like Admedus that benefits from other currencies and a growing market for their products with high profit margins on their products should gain attention.. we just have to get over the current issues regarding cashflow and profitability.
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$14.00 |
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Open | High | Low | Value | Volume |
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1 | 3000 | 13.700 |
1 | 87 | 13.600 |
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1 | 50 | 13.200 |
Price($) | Vol. | No. |
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14.300 | 600 | 1 |
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14.950 | 300 | 1 |
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