Surprised none of the callers for extra info/company announcements have commented yet. From my perspective, nothing new and things seem on track with minimal slippage in previous announcements regarding projected timelines.Nothing new here, but a good summation of the quarter. For all the haters out there, the CEO has at least kept the continuity of quarterly updates and I found it a good read. My takeaway was 'all on track in positioning for 2020 growth'.
The full year results 4E disclosure are likely at the end of this month with the conclusion of the FY as at 30 Jun 2019. I would expect the operational update in that document to mirror the above, so nothing new in the next three weeks.
But we are now in Q1FY2020 so with the announcement of 'significant yoy increase in July sales over previous years' and strong revenue start to FY 2020 adds a touch of optimism in an increasing pool of pessimism - so good on him. I note a few Blumio announcements (re app) might drop in the next months but again just positing the company for future nothing revenue generating initially.
FY2020 is make or break. Med device revenues forecast to be minimum +20% and a statement of profitability has been made by FY year end. Inhealth to be consolidated by FY2020 Q4 (end of next June), which indicates that debt will be converted before maturity and the final tranche accounted for so then we get to see the inner state of InHealth directly.
I don't regard myself a 'fly by night investor and have held (unfortunately some would say) for about 5 years now (I do trade small portions occasionally). I have a substantial holding and will continue to hold. I am disappointed that the company was subject to the pump and dump, but it is what it is. I think enough catalysts remain for an underlying profitable med-tech business and enough vision to leverage the increasing health science trend so positioning for significantly higher valuation remains for me. The question is in the timing and for me this will not be a short term fix.
We can only wait to see what transpires but I remain confident. I am tired of the nay-sayers calling Cooper out. He was overly exuberant and has displayed a lot of passion - I was openly critical of his twitter and social media calls that were adding to the pump, but in saying that he was passionate. If former MDs/execs held the same drive/passion and enthusiasm, we probably would have fared much better much earlier, so I will not criticise someone with a bit of passion and 'get up and go'.
Just my thoughts
Cheers
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Open | High | Low | Value | Volume |
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2 | 110000 | 0.034 |
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2 | 203805 | 0.030 |
Price($) | Vol. | No. |
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0.036 | 83360 | 1 |
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