This is the initial part of the post - read more by clicking on the title of the article. David.
The Recently Concluded Listed Company Reporting Season Threw Up A Ripper in the E-Health Space.
The following was filed on the very last possible day of the reporting season by Global Health Pty Ltd. (GLH:ASX)
As I had the misfortune to own a few shares in the company a few years ago I thought I would have a browse of the Annual Report.
You can have your copy from here:
http://www.global-health.com/getattachment/73c8c52d-7f4f-46a2-ade3-2708f6df2226/2nd-Sept-2012-Appendix-4E-Preliminary-Final-Report.aspx
Unless I badly miss the mark this is an extremely sick little puppy we have here.
First we note:
RESULTS FOR ANNOUNCEMENT TO THE MARKET
Revenues from ordinary activities down 21% to 4,148,000
Loss from ordinary activities after tax attributable to members up 194% to (658,000)
Loss for the period attributable to members up 204% to (657,000)
Dividends (distributions) Nil
Net tangible assets per ordinary security (0.63) Prior Period (0.15)
Additionally we can note that the investment in support and maintenance has fallen while marketing costs have risen.
And guess...
This is the initial part of the post - read more by clicking on the title of the article. David.
This is the initial part of the post - read more by clicking on the title of the article. David.
Next Blog Post >
Yet Again We Find Truth Getting In the Way Of A Good Story. E-Health Is A Lot Harder Than It Seems.
Yet Again We Find Truth Getting In the Way Of A Good Story. E-Health Is A Lot Harder Than It Seems.
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This page was last updated on May 19, 2013.
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