"Sydney: 22nd April 2013: Medical products and distribution company Medical Australia Limited (ASX:MLA) is pleased to announce that it has broadened two Original Equipment Manufacturer (OEM) agreements with leading global device companies. The agreements will generate an estimated $1 million in revenue to MLA per annum"
and then from Marks reply to a question that I posed and he ok'd for me to copy and paste to a public forum
Q' Also I was hoping you could confirm that the margin on OEM is still in excess of 50 %.
A' It is. Actually in excess of 60%
So, and I will be conservative again and use the 50% margin; that is $500k to the bottom line
I think the need to raise capital is answered and once again Marks words
"“No capital raising planned, we have debt facility if needed to fund operations. If we were to undertake an another acquisition in the future we may raise additional capital”."
Tax loss selling seems done!
So we have a profitable company in good solid healthcare segments. We have upside in the UK having just been granted access to a major Hospital and by default the NHS. And back home we should soon be ready to build on last years caontract to the local industry.
I therefore believe we are one good story on Medivet UK away from 3 cents
Come on Mark. Time for some spruiking. The big negative is that we are a Micro and the world is not interested. YET!
Viney
MLA Price at posting:
12.0¢ Sentiment: None Disclosure: Held