PME

2.24%

$141.09 pro medicus limited

Some really good points there. If the announcement doesn’t come,...

First 15 Last

Share
Profile

Follow
Pikey84

138 Posts.

7

17/03/20

20:17

Post #: 43546719
Share

Originally posted by Downanout: ↑

"No hospital group is announcing a contract with PME at the moment because their people power is dedicated elsewhere."

The same thought had occurred to me.

However, in the current environment, even an announcement that the company is not seeing significant impact on its recurring revenues would be treated as a positive. I understand that the ASX has rules against making announcements for the sake of making announcements, but this is not a normal circumstances. The market is treating every stock as suspect. Consequently, an announcement that the bottom is not falling out of the business, so far, is valid new information and would assist shareholders and the market.

It seems to me that PME's pay per view revenues should if anything get a boost from here on.
All indications are that hospital facilities in the US will be running absolutely flat out for at least six months and likely longer.

Presumably the imaging will also be in high demand.
Stressed doctors will be using whatever tools they have available with less regard to cost.
If it is remotely useful and available, it will be used.

I note that FPH have just updated their profit forecast on the back of demand for their respiratory products generated b Covid19.

It's an ill wind.

The awful reality is that If we manage to slow the rate of transmission sufficiently to stop the medical systems from being utterly overwhelmed, the consequence is that the infection created demand for medical care will continue beyond 2021 or until a vaccine is developed and deployed.
At this point it is not clear that such slowing of transmission will be achieved, although the South Korean track record, gives some hope that it can be done, albeit at great economic cost.

Cheers

Expand

Some really good points there. If the announcement doesn’t come, FY results will certainly show that revenue has not been impacted. That’s a tedious wait though!

PME Price at posting: $15.89 Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

MGU

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

WGX

Westgold sets its sights on top five producer status through merger with Karora

VMT

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

GRX

GreenX picks up prospective copper project in Germany

BOE

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

VMS

Venture to sniff out high-grade REE targets at Jupiter project, WA

Is oil undervalued?

NXG

Cost blow-out for Rook I uranium project sees share plummet for NexGen

DVP

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

There are more pages in this discussion • 75 more messages in this thread...

First 15 Last

Add PME (ASX) to my watchlist

(20min delay)
Last $141.09		Change -3.230(2.24%)		Mkt cap ! $14.73B

Open	High	Low	Value	Volume
$141.66	$145.62	$140.10	$38.64M	272.3K

Buyers (Bids)

No.	Vol.	Price($)
1	180	$140.82

Sellers (Offers)

Price($)	Vol.	No.
$141.19	680	1

View Market Depth

No.	Vol.	Price($)
1	180	140.820
1	534	140.810
1	192	140.100
2	2591	139.990
2	680	139.980

Price($)	Vol.	No.
141.190	680	1
141.390	680	1
141.590	680	1
144.000	1375	2
144.500	35	1

Last trade - 16.10pm 02/08/2024 (20 minute delay)

PME (ASX) Chart

Some really good points there. If the announcement doesn’t come,...

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Westgold sets its sights on top five producer status through merger with Karora

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

GreenX picks up prospective copper project in Germany

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Venture to sniff out high-grade REE targets at Jupiter project, WA

Is oil undervalued?

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Some really good points there. If the announcement doesn’t come,...

Top Stories

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Westgold sets its sights on top five producer status through merger with Karora

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

GreenX picks up prospective copper project in Germany

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Venture to sniff out high-grade REE targets at Jupiter project, WA

Is oil undervalued?

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News