EYE 2.17% 23.5¢ nova eye medical limited

Hi Mark,Long term holder and watcher.Good company having...

  1. 276 Posts.
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    Hi Mark,

    Long term holder and watcher.

    Good company having experienced a few years of rapid growth (15-25% p.a.) and now bedding down.

    Don't know what is behind the movement today - likely just filtering out of the annual report results and the share price catching up to the share value.

    I wouldn't say that it'll be a dollar any time soon (wouldn't that be nice) but the company is certainly undervalued at present.

    Positives: Good technology, brand / market positioning, blue-sky research, share price

    Negatives: Still about 5 years away from capitalising from SLT Laser sales in US (currently only Lumenis have patent licence), still significant debt, low liquidity

    Hope this helps.

    M
 
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