GLH 3.85% 13.5¢ global health limited

Ann: SA Health Termination of CHIRON, page-6

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  1. 923 Posts.
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    I wanted to add that I will give the company the benefit of the doubt (contradict me if I am wrong) that they have only recently been only told about the exact date that CHIRON would be switched off recently.

    My issue was with how out of left field the impact of this release seems to be (they gave an "investor update" <2 weeks ago) given how predictable this outcome was from information in the public domain.

    I have difficulty finding the exact revenue impact (contradict me again if I am wrong) but it seems to be most of their healthcare revenue given the NPAT impact and how flat the revenue has been for the healthcare segment.

    Surely the management should have known this was coming if it took me 10 minutes to figure out from google after reading the release, that in 2010 they knew they would lose CHIRON revenue in the forseeable future and by 2012 that this time would be early 2015.

    I'm sure there is another document released in the last couple of years which would indicate a more exact time for CHIRON being switched off but I stopped looking.
    Last edited by suhm: 22/11/14
 
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