Magnificent reply to the speeding ticket
Beautifully outlines the company, how their lead product's Chinese Approval was fast-tracked because of the management of SARS which is a coronavirus
Outlines that USCOM 1A is currently widely adopted for the management and monitoring of infectious diseases in ICU's in China & other parts of the world and had it's approval extended a further 5 years
In the 4C published 2 weeks ago, they are forecasting to be cash flow positive this quarter
They also say that in the week post approval (early Jan) they received $400k in orders for their device (note quarterly burn is only 1m / qtr) so thats highly material
I dare say we are going to get a fresh update on their quarterly numbers in the coming days after they have been able to put it all together & not be rushed (as in on the back of a speedo)
There are 7 products in their approval pipeline for Chinese & US FDA approvals which they believe all will be obtained in the year to October (last October they said all 7 were expected in the following 12 months)
This stock is every fund managers dream for the following reasons:
- Regulatory approved medical device
- Already past the start up phase & commercialised
- Current Qtr goes in to Cash Flow Positive Mode
- Large target market for the devices globally
- Coronavirus outbreak meaning their device will be in high demand for the foreseeable future as ICUs in China are overwhelmed with patient demand
- Tight share holding registry with 2 directors owning 40% of the company
Holding on to this baby tight!!
- Forums
- ASX - By Stock
- Ann: Response to ASX Price Query
Magnificent reply to the speeding ticket Beautifully outlines...
- There are more pages in this discussion • 21 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 UCM (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.87M |
Open | High | Low | Value | Volume |
2.4¢ | 2.4¢ | 2.4¢ | $1.009K | 42.05K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 93478 | 2.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.0¢ | 28216 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 93478 | 0.023 |
1 | 21691 | 0.021 |
2 | 350000 | 0.020 |
1 | 27780 | 0.018 |
1 | 70000 | 0.016 |
Price($) | Vol. | No. |
---|---|---|
0.030 | 28216 | 1 |
0.035 | 10083 | 1 |
0.057 | 143263 | 1 |
0.058 | 18000 | 1 |
0.060 | 926667 | 1 |
Last trade - 10.10am 15/05/2024 (20 minute delay) ? |
Featured News
UCM (ASX) Chart |