Originally Posted by
RRR
Good result IMO. 22 million debt, cash of 34 million - net cash of 12 million. 16 million profit with market cap of 150 million odd. PE ration of 9-10 - very cheap indeed
Medical practice business is growing very well. Pharmacy business is resilient despite the competition from chemist warehouse. I am a medic and the vast majority of the prescriptions I am emailing (eprescribing), based on the requests from patients, are to regular pharmacies such as unichem (I have hardly sent prescriptions to chemist warehouse).
Chemist warehouse is excellent for health supplements, OTC medications, beauty products/perfumes etc but, when it comes to the medical/pharmaceutical prescription drugs regular pharmacies are better value IMO - they usually have pharmacists who provide advice to their patients about their medications (when and how to take it, before/with/after food etc). If there are any issues their pharmacists contact the doctor who prescribed the drugs to clarify - hard to get this type of service from chemist warehouse who are very busy with their non-medical non-prescription health/beauty retail business..
Discl - hold