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8.57% 3.8¢ pharmx technologies limited

I missed this from 30 May 2024"Telstra Health to acquire...

  1. roboshan
    2,453 Posts.
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    25/06/24
    23:07
    Post #: 74487632
    I missed this from 30 May 2024

    "Telstra Health to acquire remaining 50 per cent stake in Fred IT"

    https://www.telstrahealth.com/telstra-health-fully-acquire-fredit/

    Interesting that the Pharmacy Guild and Paul Naismith are cashing out their shares. The loyalty factor of Fred IT with the Pharmacy Guild has been broken! At a time when Fred IT is trying to gain some market share of the of the pharmacy/supplier gateway which PharmX established.

    Fred IT is not going to be a major growth product for Telstra Health (limited by the restrictions in the number of pharmacies in Australia). Main reason why Corum was sold off. I had initially suspected Telstra Health may have sold off Fred IT given their recent divestment announcements not the other way around.

    How will this play out?
    Last edited by roboshan: Tuesday, 23:10
    PHX Price at posting: 3.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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