HMD Valuation, page-207

Ok, here's a weekly first. My initial target of 30c has been hit. RSI looks overbought and we have had a pretty sensational run from 9 to 30. That's just fact.



Daily Chart

This shows we are in a pretty good uptrend. If I were to guess, I would say we might level off here for a bit unless more news is released. I am not sure we will manage to go much further without some more positive news, and I wouldn't rule that out. Market cap is now sitting at $50m odd, and without income and contracts it could struggle in the eyes of some. More oppies are now in the money so it would be good to see some conversions.

However, the counter to that thought, is that the whole telehealth sector is booming just now and valuations of comparable companies in the US are well above Australia's which is always the case. The ties with Mayo and some recent articles may get on a few US radars. The world now has the tech to allow some of these advancements.

So while I might normally have taken some profit off the table here, I have in fact been buying.

Any push through 32/32, ON VOLUME would be a positive signal and a possible further top up. I think this area of medical provision is absolutely ripe for some advancement, consequent efficiencies, increased safety and cost savings. I can see US Insurers salivating at the prospect of saving money whilst also offering better service. I am not entirely sure how the Medicare rebate process works in the US but I would think we may be able to get Medicare reimbursement for this in the US, in which case, the excitement may just be beginning.