MLA 0.00% 8.5¢ medical australia limited

SureLast time I checked, renegotiating a government contract...

  1. 8,256 Posts.
    Sure

    Last time I checked, renegotiating a government contract guaranteeing a revenue stream was a good thing in any competitive market.

    MedAust are growing the business via a growing international supply chain.

    "Revenue from the Medivet partnership is expected to ramp up significantly from the second quarter as sales from distribution agreements recently reached by Medivet in seven new countries start to come on stream".

    I had to unfortunately have to source a suction machine for someone in my family last year - low and behold, I discovered that MedAust was the Australian distributor of Clements, which are one of the world's leading products in this equipment.

    I don't understand your indifference, you may not have sold at today's peak, but you still choose to hold, indicating perhaps that you expect the SP to rise at some point.

    All in all, I don't think there is any reason to play things down when this stock is demonstrating increasing profits; unless maybe you want the price to drop so you can buy up more ;-)
 
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