The current business plan covering pharmacy and payment services comes under extra scrutiny now. It is enough time for Corum to show signs of a turnaround. They have up to now opted to prudently to sit on cash reserves and go for in house development to stabilise and foster growth.
The E-health space offers great opportunity but I am unsure if Corum is too focussed on pharmacies operational and management systems rather than patient-centric health management software as services which is the really exiting growth area. If they go down that road maybe they don't have the expertise internally and will need to acquire it through acquisition or merger. If the core business has now stabilised and generating solid profits again then it could set the base for diversification into wider E-health opportunities.
COO Price at posting:
4.0¢ Sentiment: Buy Disclosure: Held
