Good product set and financials are sound. Would like faster growth in new business but we are talking about customers that are health trusts and government. It will always be a long lead time to close any new business but once inside the walled city the customer's switching costs are high and ALC sales ought to steadily increase unless something goes dramatically wrong and I don't see that happening at this point.
At current MC it looks attractive and I have every confidence this business will succeed in the long run. I'm frustratingly still underwater though after some years but it really ought to come back and deliver. It's one I'm going to hang onto unlike a lot of other micro cap junk I cleared out at EOFY.
ALC Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
