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clock Created with Sketch. 30/08/22
20:33
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Originally posted by LeeKing:
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CTQ has $4m cash, no debt, and only a $13m market cap. Yet, the company is explicitly saying that this financial year will be bright:“It is very encouraging to see how quickly our opportunity pipeline has grown in 4Q FY22. This gives me great confidence that we will start seeing significant results in the current financial year ...” said Careteq’s Executive Chairman, Mark Simari. “Careteq has never been in a stronger position to grow our subscriber base on our Sofihub platform, which will not only increase the Group’s recurring revenue but will expand our profit margins exponentially ." “Converting just one lead to binding sales may significantly grow Careteq’s subscriber base due to size of many potential clients in the pipeline.”
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Originally posted by LeeKing:
↑
CTQ has $4m cash, no debt, and only a $13m market cap. Yet, the company is explicitly saying that this financial year will be bright:“It is very encouraging to see how quickly our opportunity pipeline has grown in 4Q FY22. This gives me great confidence that we will start seeing significant results in the current financial year ...” said Careteq’s Executive Chairman, Mark Simari. “Careteq has never been in a stronger position to grow our subscriber base on our Sofihub platform, which will not only increase the Group’s recurring revenue but will expand our profit margins exponentially ." “Converting just one lead to binding sales may significantly grow Careteq’s subscriber base due to size of many potential clients in the pipeline.”
Expand
The at home care sector for the Aged is the biggest area IN aged care in a generation. The question is whether management can translate this into sales and a broader product mix.The key is management -Careteq has excellent medical care experience-and continued support for this from Government. Goverment has no choice as aged care is in crisis...so the punt is at 13m cap they can keep growing. I am backing this management.
(20min delay)