Ann: MDR Jun-17 Quarterly Report & 4C, page-14

@futurenow , I have re-read that ASX announcement you have put up. The reference to "active" is a little vague. The key stat that I think talks to "active" is a) How many have actively used the app each month, and b) how many are "new" users each month. Lots of people "register" for apps, use them once "therefore active", and then never again.

The more interesting stat which I think is very encouraging is the value of weekly/monthly "tap to fill" prescription requests. Surprised that MDR don't take a clip of that ticket or charge the pharmacy a small fee for each of these? Am guessing that might be coming?

I think Chemist Warehouse now holds around 8-10% of the market. There are around 5,500 pharmacies nationally.

I'm not sure I agree with the dominant health integrator statement you make. HealthEngine for example also offers medication management in its app now, and also claims to shortly be releasing (not sure if they have yet) securing messaging between doctors and patients. Add to that Chemist Warehouse version that I expect will appear in other pharmacy apps, Pharmacy Guild app and others, I expect competition is heating up in this space.

I really like what these guys are doing though, but organic revenue growth (excluding acquisition revenue) seems slow which leaves me questioning their business model?