FY 2023 will be s quiet year establishing the business model. Due to a delay shipment profit will not be included in this financial year but the following year.
From 2024 onwarcds recurring income will continue and the business expand . Interesting to note they have secure Baxter, a medical company supplying medical needs to the government. This will happen in year 2024.
On top of that, they appeared to have 2 new hospital groups as their clients which will be thousands more new beds they serviced.
This industry is long term and relatively stable. Whilst it is not easy to get new customers however once they get in they tend to stay long term.
The CEO has 31% share in the company and is the major shareholder. I am currently bullish about the company performance. Fund manager, the Regal Group holds about 9,% of the Company's shares.
FY 2023 will be s quiet year establishing the business model....
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