I had another read of this quarterly last night and I feel much...

  1. 1,090 Posts.
    lightbulb Created with Sketch. 25
    I had another read of this quarterly last night and I feel much better with the company's prospects after a second, more detailed read. The accounts on face value are a bit messy with the Thor acquisition, but looking past that, underlying revenue growth for the 1A was brilliant, and it bodes well with BP+ and Spiro about to launch next month.

    I'm not sure if it is a trend or not, but the last two 2Q have been strong ones for UCM, so if it is a seasonal thing for medical device purchases then there could be a great chance to build on the momentum of the growth in this quarterly.

    The price has had a steady ride from the 13c lows, but there appears to be a lot of value still left in this one. I don't have the same conviction that I do in some other stocks, and honestly it stems from the lack of faith in management. Without disparaging Rob and other directors, they have over-promised and under-delivered in the past, and there have been a few "false starts" with revenue growth as well.

    This does seem like the best opportunity the company has had to really take off since I have been looking at it though, and I am really bullish on the integration benefits of Thor, particularly for manufacturing and distribution.

    I sold down some holdings in UCM a while back, but the current SP is around my original purchase price and the company has evolved a lot since then. I will certainly look to top up if the opportunity arises.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
1.6¢
Change
0.000(0.00%)
Mkt cap ! $4.007M
Open High Low Value Volume
1.6¢ 1.6¢ 1.6¢ $1.573K 98.31K

Buyers (Bids)

No. Vol. Price($)
1 74999 1.6¢
 

Sellers (Offers)

Price($) Vol. No.
1.7¢ 200000 1
View Market Depth
Last trade - 15.26pm 04/07/2025 (20 minute delay) ?
UCM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.