Wacko !!!
What a great piece of news to end a crappy week.
This one contract win (A$40m over 7 years) equates to 53.3% of the wins that Gold in Sacks are currently forecasting for PME for the whole year.
"As a reminder, we continue to model 5 contract wins per year throughout FY22-23E,with an average minimum contract size of $15m over 7 years. Over the last 12 months,PME has signed 7 new contracts at an average minimum size of A$21m (against prior3-year averages of 4 contracts pa and A$13m respectively)."
Implementation starts immediately so it will contribute to FY 2022 result.
"Planning for the rollout is to commence immediately, with initial go-lives targeted for the secondhalf of the financial year."
Best of all, the pipes are still calling.
“Our pipeline remains strong. Deals like this confirm our view that Visage 7, with its proven cloudnative technology and modular design, provides us with a significant strategic advantage thatenables us to address opportunities across a growing segment of the market both in North Americaand other regions,” said Dr Hupert.
This win, plus the increased revenue that is already baked into FY22 from the prior surge of wins, means that a revenue of A$90m+ for FY22 is now looking like a gimme.
Given PME's track record of of top line increases going straight to the bottom line, it is on the cards that the revenue will translate into a profit increase of 50% for FY22.
Cheers
- Forums
- ASX - By Stock
- Ann: PME signs A$40M, 7 year deal with Novant Health
Wacko !!! What a great piece of news to end a crappy week.This...
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PME (ASX) to my watchlist
(20min delay)
|
|||||
Last
$109.25 |
Change
-2.160(1.94%) |
Mkt cap ! $11.40B |
Open | High | Low | Value | Volume |
$109.80 | $111.18 | $109.19 | $20.46M | 186.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 742 | $109.12 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$109.32 | 1 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 742 | 109.120 |
1 | 622 | 109.100 |
6 | 743 | 109.000 |
1 | 622 | 108.950 |
1 | 207 | 108.860 |
Price($) | Vol. | No. |
---|---|---|
109.320 | 1 | 1 |
109.370 | 623 | 1 |
109.380 | 5 | 1 |
109.490 | 6 | 1 |
109.570 | 7 | 1 |
Last trade - 16.10pm 01/05/2024 (20 minute delay) ? |
|
|||||
Last
$109.32 |
  |
Change
-2.160 ( 2.26 %) |
|||
Open | High | Low | Volume | ||
$110.27 | $111.12 | $109.19 | 75500 | ||
Last updated 15.59pm 01/05/2024 ? |
Featured News
PME (ASX) Chart |
The Watchlist
BPH
BPH ENERGY LTD
David Breeze, MD & Executive Chairman
David Breeze
MD & Executive Chairman
SPONSORED BY The Market Online