Corum had a look at Simple Retail a few years back but the numbers did not stack up. Medisecure ended up acquiring them not long after though?????
POSWorks operates mainlining QLD and its biggest client would be the Malouf Group who are now "controlled" by Ramsay Health Care.
300 pharmacy clients would be a fairly marginal operation for POSWorks who say they have 15 staff. They either charge relatively high fees or pay their staff low salaries
Corum investors are still waiting to see something happen in the way of m & a or a strategic alliance to create additional revenue streams.
I am not anticipating any great growth in revenue when we see the full year results in the next day or so but cost cutting should have had some impact on the bottom line resulting in an improved profit. Depends of course on how much of the development expenses are capitalized.
COO Price at posting:
3.1¢ Sentiment: Buy Disclosure: Held
