AHC - Austco Healthcare

[System]

Azure Healthcare Limited (AZV) was formerly known as TSV Holdings Limited (TSH).

 

[piggybank]

Todays action saw it close at 30.5c (up 17%) on turnover of 10.3 million. So it can be claimed that it is a 10 bagger in just 14 months.

​

 

[McCoy Pauley]

Back down around 30c per share at the moment after it announced a surprise profit downgrade last week. They announced on 10 November that it forecast NPAT for the first half of 2014/2015 to be between $0.8-$1.2 million after earning $2.17 million for the corresponding period in the previous year.

Apart from a vague reference to increasing staffing and R&D expenditure for "future anticipated growth", AZV gave no reasons for the significant profit downgrade.

The share price was correspondingly smashed.

Simon Dumaresq, who styles himself as the head of equity research at the Eureka Report, has written repeatedly in glowing terms about this company and managed to spin the downgrade in a positive manner when he wrote about it last week (it's behind a paywall, but if you sign up for a trial subscription, you can read his articles on the company). To be fair to Simon, this is probably his first major miss and if you sold out at or near the top after he first brought the company to light, you would have banked a good profit.

Here's a chart.

 

[McCoy Pauley]

Richard Hemming gently criticises management for the way they handled the profit downgrade.

http://www.theage.com.au/money/inve...lesson-to-all-small-caps-20141114-11mpe7.html

 

[System]

On November 27th, 2020, Azure Healthcare Limited (AZV) changed its name and ASX code to Austco Healthcare Limited (AHC).

 

[Dona Ferentes]

Austco Healthcare AHC makes sophisticated nurse call systems, enterprise reporting and analytics tools, and industry-leading software applications for caregivers and clinical staff.

- the old incarnation described itself as an " international provider of healthcare communication and clinical workflow management solutions. The Company is headquartered in Australia, and has six subsidiaries in six countries supporting more than 6,000 healthcare facilities through global reseller network ".

.... I'm looking at a dialling back of expectations??

 

[Stockbailx]

Might be on to something good! price spike this morning, haven't heard of any news? A couple of recent volume spikes assuring the price action to increase!

 

[Dona Ferentes]

Might be on to something good! price spike this morning, haven't heard of any news? A couple of recent volume spikes assuring the price action to increase!

AHC gave up those gains and slipped in 2022, to around 9c in June. There has been a slight lift over the last few weeks to 13c, on low volume.

As a provider of sophisticated nurse call systems, enterprise reporting and analytics tools, and industry-leading software applications for caregivers and clinical staff, AHC, this whole sector seems problematic in that there appear to be many systems around, but getting prominence is hard and health budgets constrained. Yes, everyone thinks that "Nurse call isn’t buttons and lights anymore. Advanced software differentiates top-tier vendors" but I'm not sure the value proposition is overwhelming.

There was a March Update to the market and a few contract wins, but Announcements seem few and far between. In March there was a robust order book at $23million. Also, they were moving international operations from HK to Malaysia.

Market cap under $40 million. Earniings positive and a low pe ?

 

[Dona Ferentes]

As per above post, I'm not convinced. Legacy systems et al.
on today's announcement, up 20 per cent to 14c
Austco Healthcare awarded a $3.9M contract to supply its advanced IP
nurse call system.

AHC subsidiary Austco Marketing & Service (Canada) is pleased to announce a major contract win, securing an AUD $3.9M deal to supply and install its industry-leading Tacera platform and comprehensive low-voltage solution for the new 192-bed Maple View aged-care facility in Athens, Ontario. The facility, owned and operated by the Municipality of Leeds and Grenville, is set to open in late 2025 and will be one of Ontario's most advanced aged-care facilities. The Maple View Lodge Redevelopment Project is the largest capital project ever undertaken by the Counties.

The contract represents a significant contract win and includes Austco's latest Tacera System with built-in Real-Time Locating System functionality, Pulse Mobile and Enterprise Reporting.

In addition, Austco's low-voltage package will consist of Wanderguard resident wandering system, Access Control, audio-visual systems and CCTV. Built with an open architecture and featuring an application programming interface (API), Tacera is designed to integrate with a wide range of hardware, software, and other systems at Maple View.

 

[Dona Ferentes]

it seems every time they get a contract, it goes for a run....

AHC subsidiary Austco Marketing & Service (Canada) has secured an AUD $7.4M contract to supply its industry-leading Tacera alarm management and clinical workflow solution for the new 548-bed St. Paul's Hospital in Vancouver, British Columbia.

The contract, representing the largest single contract award in Austco Healthcare's history, includes over 1100 full IP patient stations, 1200 clinical workflow terminals, and Webservices interfaces for EMR and RTLS systems integrations.

The New St. Paul's Hospital and Health Campus, currently under construction and set to open in 2026, will be a landmark healthcare facility designed to meet the future health needs of patients, families, and the community. Combining critical, emergency, surgical, and acute hospital-based care with community and primary care, the hospital will transform healthcare in Canada.

 

[divs4ever]

Trading Update

– Financial Year ended 30 June 2024

Following Austco Healthcare Limited’s (ASX: AHC) third quarter trading update of 17 April 2024,

Austco Healthcare is pleased to provide a further trading update for the full financial year ended 30 June 2024.

On an unaudited basis Austco Healthcare expects full year FY24:
• Revenue to be approximately $58m which is a 38% increase on FY23 revenue of $42m; and
• EBITDA is expected to be in the range of $7.5m to $8.0m, being an increase of between 108% and 122% on FY23 EBITDA of $3.6m.

The Full Year audited results (Appendix 4E) are expected to be released on or before 29 August 2024.

This announcement was approved for release by the AHC Board.

i do not hold this share

never noticed this until this ann.

 

[divs4ever]

Austco Healthcare Experiences Strong Growth and Successful Execution of Strategic Initiatives in Q1 FY25

Austco Healthcare Limited (ASX: AHC) is pleased to provide a trading update for the first quarter of FY25,highlighting the Company’s strong performance and continued execution of its growth strategy.

Austco Healthcare’s Q1 organic revenues increased by 16% compared to the prior corresponding period and by 90% when contributions from Teknocorp and Amentco are included.
This underscores the Company’s strong operational performance, noting that the Q1 FY24 period did not include revenue contributions fromTeknocorp and Amentco.

During the quarter, Austco Healthcare announced several major contract wins, including a $5.0 million contract to provide its industry-leading Tacera alarm management and clinical workflow solution for the new Surrey Hospital in Vancouver, British Columbia.
The Company also secured a phase 2 order to expand the Jurong Health Complex contract, bringing its total value to $5.5 million.
Contracted Orders have reached a record $51.1 million, positioning the Company for continued growth.Recent investments in sales and marketing capabilities in high-growth markets have strategically placed the business to capture new opportunities in the expanding healthcare technology sector, driving organic growth.


The recently acquired Teknocorp and Amentco businesses have performed well, delivering strong results,expanded market reach and enhanced product offerings.
These acquisitions bring operational and sales synergies and position Austco to capitalize on new opportunities in the rapidly evolving healthcare technology sector.

As we continue to leverage the strengths of these acquisitions, we expect them to play an even larger role in our long-term growth strategy.In addition,
Austco’s latest product release, Touchpoint, offers a versatile, compact touchscreen solution that can be customized as a Room Information Board, Workflow Terminal, or Active Alarms Display. It Contracted Orders ($m)supports two-way VOIP calling, delivers tones and visuals for remote locations, and operates seamlessly with the Pulse suite of applications, further enhancing Austco’s product portfolio.

Outlook for Austco Healthcare

Austco Healthcare is well-positioned to continue its growth in the year ahead. By strategically enhancing its sales and marketing efforts, particularly in high-growth markets, the Company is poised to seize emerging opportunities in the healthcare technology sector.The Company remains committed to executing its growth-driven strategies, ensuring continued growth into the future to drive long-term value creation for our shareholders.This announcement was approved for release by the AHC Board


i do not hold this share ( and have no order for it currently in the market )

my tip for the November comp.

software services to the healthcare industry , i have had mixed results in this niche

BUT if it dips enough after this ann. i MIGHT dip a toe in the water

the main risks i see are exposure to Canada , and the management getting too ambitious wasting funds on travelling all over trying to get more sales ( and buying too many 'bolt-ons )

around 20 cents a share i MIGHT be tempted to gamble ( if i get it wrong i might end up positive in the comp. in November )

 

[galumay]

Released a trading update for Q1 today, bit disappointing as it only mentions % increase in revenue, no numbers. They go on to post contracted orders numbers but no Revenue or OCF/earnings. At least they didnt post bull**** earnings I guess! (EBITDA) Will ask management to explain.

I hold.

 

[divs4ever]

indeed you are correct , that is why i deliberately chose the word ( possible ) gamble

maybe they can keep expenses low , and maybe travel expenses send them broke

( i have experienced the second scenario before , elsewhere )

also FX broke one of my gambles
i also note the regular name/ticker code changes on the last decade ( ? ) another cautionary sign

 

[galumay]

Well management ignored me! And now we have an update with Revenue numbers, but also bull**** earnings. So I am still unsure how I feel about this business, definitely a couple of red flags, but the near 20% organic revenue growth is impressive.

 

[Sdajii]

Obligatory 'I chose it for the 2025 competition' post.

It's getting contracts, has a good revenue outlook, is racing up on the chart, and no one else had chosen it. That was enough box ticking for me to run with it. Honestly, I hadn't looked at it until a couple of weeks ago and still haven't looked at it closely, wouldn't put any real money on it based on what little I know, but it seemed like a fun pick for the contest.

 

[Sdajii]

Obligatory 'I chose it for the 2025 competition' post.

It's getting contracts, has a good revenue outlook, is racing up on the chart, and no one else had chosen it. That was enough box ticking for me to run with it. Honestly, I hadn't looked at it until a couple of weeks ago and still haven't looked at it closely, wouldn't put any real money on it based on what little I know, but it seemed like a fun pick for the contest.

I completely forgot this company shortly after choosing it for the contest. I had to check my entry post to find what it was. I have no idea what the price was last month or what it is now. If anyone knows anything about recent events related to this company and it's interesting, feel free to post about it and tag me.

If a useless trash post like this is annoying, feel free to tell mullokintyre he should change the competition rules

 

[galumay]

No surprises really, but a solid result non the less.

 

[galumay]

Nice little contract win.

 

[galumay]

AHC with another acquisition, NZ company, G&S Technologies, looks like a good fit. Impossible to tell if its good capital allocation cause as a private company no financials available. Unfortunately the only metric quoted in the announcement was bull**** earnings (EBITDA)

Price of $8m Cash at end of H1 '25 was nearly $15m so down to $7m approx after this