Chart appears to be moving in the right direction over the past 2 weeks.
Management aren't ones to scream "new numbers" or "I dug a hole" every fortnight, so I suspect the next ASX notification will be the FY report due in ~3 weeks.
They have their crosshairs aimed at converting the Adheris pharmacy network across to digital programs.
30% should be live this quarter. If they can have over 50% by the end of the year, then critical mass suggests the remaining 50% or 13,000 pharmacies will follow soon after.
They have some solid supporters in their corner including HMS/Cotiviti who subscribed to the 1 : 2.5 entitlement offer in November.
Regal may not appear in the Top 20. It might be seen they pipped and flipped (pumped) their way out last year. It would be a sign of good things if PVM/Jencay held their shares tighter and longer, meaning less available on market - buyers would need wipe a few lines. Six figures is usually baited well above the share price of the day and is seen to mirror any upwards movement.
I assumed the API announcement might have moved the share price a bit more. MedAdvisor have (again) all 4x pharmaceutical wholesalers - EBOS, Sigma, Symbion and now API. API went AFK for a long time so to have all four, under long term contracts, shows local support for the technology.
With daily volume only a few hundred thousand units and single digit rises, we're still under the radar.
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Last
8.0¢ |
Change
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Mkt cap ! $50.02M |
Open | High | Low | Value | Volume |
8.0¢ | 8.0¢ | 7.9¢ | $44.53K | 558.3K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 12658 | 7.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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8.0¢ | 84920 | 2 |
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No. | Vol. | Price($) |
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1 | 166666 | 0.078 |
1 | 13170 | 0.076 |
6 | 436732 | 0.075 |
1 | 7045 | 0.071 |
2 | 542857 | 0.070 |
Price($) | Vol. | No. |
---|---|---|
0.080 | 34920 | 1 |
0.081 | 10331 | 1 |
0.082 | 100000 | 1 |
0.083 | 12000 | 1 |
0.084 | 109379 | 2 |
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