AHC - Austco Healthcare

[galumay]

Another contract win for AHC, tiny one but its more positive momentum for the business,

 

[divs4ever]

Another contract win for AHC, tiny one but its more positive momentum for the business,


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apart from ( maybe ) the exchange rates , Mexico is not that bad a place to be winning contracts

 

[galumay]

The way the Aussie Peso is falling FX might be an advantage!!

For me FX is just another thing that I ignore in investing, impact is unknowable and unpredictable so therefore irrelevant to my process!
The positive momentum is the element that helps maintain conviction in my thesis for this business, as I said tiny in scale, but it continues a trend of execution from management that is encouraging.

 

[divs4ever]

The way the Aussie Peso is falling FX might be an advantage!!

For me FX is just another thing that I ignore in investing, impact is unknowable and unpredictable so therefore irrelevant to my process!
The positive momentum is the element that helps maintain conviction in my thesis for this business, as I said tiny in scale, but it continues a trend of execution from management that is encouraging.

tiny sometimes translates into growth opportunities

Mexico is part of Latin America , a mostly ignored market unless you are a miner , so what might seem a puddle to CSL is an ocean to a sardine

AND less likely to be smashed it the tariff struggles ( AHC , rather than Mexico itself )

the question for me is , do i have enough patience to buy and lurk here ( and risk being entangled in another take-over play )

i have glanced at this a few times before

 

[galumay]

AHC with what might be a reasonable trading update, revenue certainly up strongly, but because they only post bull**** earnings. (EBITDA), its impossible to know the quality of growth until we see the actual financials. for FY 2025.

Noting that extrapolating the OCF from commentary, its also growing strongly,

 

[divs4ever]

AHC with what might be a reasonable trading update, revenue certainly up strongly, but because they only post bull**** earnings. (EBITDA), its impossible to know the quality of growth until we see the actual financials. for FY 2025.

View attachment 204399

Noting that extrapolating the OCF from commentary, its also growing strongly,

View attachment 204400

cheers !

i read and wasn't convinced either , nice to know others had similar suspicions

 

[galumay]

i read and wasn't convinced either , nice to know others had similar suspicions

Clearly Mr Market has no such suspicions! Up over 15% this morning.

 

[galumay]

AHC with a good result for 2025, NPAT improvement masked by wash through of tax credits, a common theme with my PF this year!

Interesting note from the company about dropping software revenue,

Dont like this, should headline as Gross Profit, report increase and then talk to Gross Margin and report %. Nit picking semantics, but it jars with me.