Tag: Motley Fool

On Monday I looked at three ASX shares that brokers have given buy ratings to this week.

Unfortunately, not all shares are in favour with them right now. Three that have just been given sell ratings are listed below. Here’s why these brokers are bearish on these ASX shares:

Afterpay Ltd (ASX: APT)

According to a note out of UBS, its analysts have retained their sell rating but lifted their price target on this payments company’s shares to $36.00. This follows the release of Afterpay’s half year results and $1.25 billion capital raising. UBS continues to believe that its shares are vastly overvalued and sees no reason to change its rating. Though, it acknowledges that the market is unlikely to see things the same way in the near term. The Afterpay share price is trading notably higher than this price target at $125.69 this afternoon.

Domino’s Pizza Enterprises Ltd (ASX: DMP)

A note out of Citi reveals that its analysts have retained their sell rating but increased their price target on this pizza chain operator’s shares to $72.40. While the broker acknowledges that there’s a lot to like with Domino’s, it feels its valuation is stretched after a strong gain over the last 12 months. This could put a lot of pressure on its shares if its growth stutters. The Domino’s share price is trading at $90.26 this afternoon.

Orocobre Limited (ASX: ORE)

Analysts at Macquarie have retained their underperform rating but lifted their price target on this lithium producer’s shares to $2.90. This follows a larger than expected first half loss. Furthermore, with a lot of its offtake already contracted, it feels Orocobre won’t benefit fully from price increases until FY 2022. That’s if lithium prices hold firm until then. The Orocobre share price is fetching $4.67 on Tuesday afternoon.

More reading

• Is Deferit listed on the ASX?
• Why Afterpay, IOUpay, Liontown Resources, & Redbubble are racing higher
• Here’s why the Afterpay (ASX:APT) share price fell 11% in February
• Leading brokers name 3 ASX shares to buy today
• Here’s how much Afterpay (ASX:APT) rival Klarna is worth now

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool Australia has recommended Dominos Pizza Enterprises Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The so-called Reddit army has sent shares in video game retailer GameStop Corp (NYSE: GME) alternately surging and plummeting over the past weeks. This, as the loosely linked group of retail day traders takes aim at short sellers (those hoping to profit when a company’s share price falls) while looking to pocket some quick capital gains of their own.

Yesterday (overnight Aussie time), the GameStop share price surged again, closing up 18%. However, it may well give back some of those gains tomorrow, with shares down 5% in after-hours trading.

While shares like GameStop continue to draw attention from the retail army, it looks like select Asian shares may already be on the radar.

What happened with Bank of Japan shares?

The Bank of Japan (TYO: 8301) shares trade on the Tokyo Stock Exchange’s Jasdaq section. And yesterday, the share price rocketed 18%, the daily limit. According to Bloomberg, that’s the biggest leap for the Bank of Japan’s shares (officially called subscriber certificates) since 2005.

Now the big daily gains didn’t come from long-term investors seeking regular dividends, as Japan’s central bank pays minimal dividends.

According to Tomoichiro Kubota, a senior market analyst at Matsui Securities Co:

[S]hort-term retail investors don’t care about dividends, they’re looking just for capital gains. They’ll see it as attractive so long as the share price keeps rising and there are buyers.

Caveat emptor

That’s good insight there from Kubota.

Many of these short-term retail investors are making decisions based purely on share price momentum. “So long as the share price keeps rising and there are buyers”, they’re likely to hold or add to their positions.

On the flip side, when the share price starts falling, you often see the Reddit army rush for the exits. Hence some of the big share price falls witnessed by the likes of GameStop following the big runs higher.

As for the Bank of Japan, that’s not happening today. After yesterday’s 18% lift, shares are up 16% in intraday trading today.

Over the past 5 days, the Bank of Japan’s share price has soared 49%.

More reading

• Why GameStop (NYSE:GME) stock soared another 18% today
• Robinhood fires back at Berkshire Hathaway’s Charlie Munger over criticism
• Is the Reddit army planning another GameStop (NYSE:GME) short squeeze?
• Here’s why GameStop stock just exploded higher
• GameStop CFO resigns

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Dicker Data Ltd (ASX: DDR) shares are on the rise today, up 4.09% to $11.26 at the time of writing, But over the last six months, the Dicker Data share price has surged by more than 47%.

Let’s take a look at what’s been happening for the computer hardware distributor. 

FY20 financial highlights 

According to its FY20 results released last week, Dicker Data experienced significant gains compared to the prior corresponding period (pcp).

Despite the Dicker Data share price falling lower on the day its full-year results were released, the company posted a 12.8% jump in revenue for FY20. Revenue totalled $2 billion vs $1.8 billion in the pcp.

The company advised the gains were partly attributable to it adding new vendors and offering a wider product range as part of its growth strategy.

Gross profit for FY20 was up 20.8% at $191.4 million vs $158.4 million in FY19.

Net operating profit before tax also took a 27.7% jump from $64.1 million in FY19 to $81.2 million in FY20.

Meanwhile, earnings before interest, tax, depreciation and amortisation (EBITDA) gained 23.9% in FY20 at $91.4 million compared to $73.8 million in the year prior.

Total FY20 dividends paid were 35.5 cents per share.

CEO comments on Dicker Data share price

In the company’s annual report released 25 February, CEO David Dicker pointed out:

We listed DDR at 20 cents per share on 24 January 2011, with a market cap of $25 million. Ten years later our shares are trading around $12 and we have a market cap of $2 billion. An original shareholder’s stake of 10,000 shares at $2,000 would now be worth around $120,000. A very satisfying outcome.

Outlook and strategy

The company presently reports selling to over 6,900 partners and added eight new vendors in FY20.

According to Dicker Data, it continues to actively pursue growth opportunities through expanding its vendor network and establishing strategic partnerships.

The business advised that going forward, it will “continue to evolve and differentiate our offerings…” in Australia and New Zealand.

The Dicker Data share price has gained around 93% over the past year. There are presently 172.1 million shares outstanding.

More reading

• Dicker Data (ASX:DDR) share price lower despite record-breaking result
• Why the Dicker Data (ASX:DDR) share price almost hit a record high today

Motley Fool contributor Gretchen Kennedy has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Dicker Data Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The famous climax of George Orwell’s 1945 classic Animal Farm is revealed as “all animals are equal, but some are more equal than others”. In the story, the irony of this ‘commandment’ is so palpable you can taste it. Fortunately, the nature of Washington H. Soul Pattinson & Co Ltd (ASX: SOL) as a near-perfect dividend share isn’t as ironic. Yes, it’s true that no ASX dividend share (or any share, for that matter) can be perfect. Shares are always risky investments, forever subject to the whims of the market they trade on.

But as an ASX dividend share, it’s hard to argue with Soul Patts’ record. Soul Patts is an industrial conglomerate. Even though it started life as a humble chain of pharmacies back in the 1800s, today, it looks very different. This company has made a name for itself as an investor in its own right. Soul Patts owns a large stable (or portfolio) of ASX shares itself. Not in small quantities either.

The company owns a 25.3% stake in TPG Telecom Ltd (ASX: TPG). It owns a 43.9% share of Brickworks Ltd (ASX: BKW). Throw in 50% of New Hope Corporation Limited (ASX: NHC). And a 22.6% stake in Clover Corporation Limited (ASX: CLV). It also owns 100% of Round Oak Minerals (a copper, zinc and gold miner) and 100% of Pitt Capital Partners (a corporate advisory firm). That’s amongst many other listed and non-listed investments that would take too long to get into today.

Soul Patts: An ASX dividend aristocrat

Needless to say, Soul Patts has a diversified asset base. But what’s this got to do with dividends? Well, everything, as it turns out. This earnings base is so durable that Soul Patts has the distinction of being able to boast the ASX’s longest-running streak of annual dividend increases. Not ‘steady or increasing’, just increasing.

Yes, Soul Patts has increased its annual dividend every single year since 2000. No other ASX company can claim that record, period.

Here’s what that looks like:

As a dividend investor, a staircase like that is a beautiful sight. And let’s remember what this really means. Soul Patts’ business was strong enough to support increased dividend payments during the tech-wreck of the early 2000s, the global financial crisis of 2008/09, and (of course) the coronavirus pandemic.

The bad news for investors is that the current Soul Patts share price is pretty close to its all-time high of late ($30.84). At the current share price of $30.36 (at the time of writing), Soul Patts’ trailing dividend yield is sitting at 1.98%, fully franked. The markets can be fickle, but they will still usually make you pay up for quality. No shares are perfect, but Soul Patts’ dividend record is certainly more perfect than all the others.

More reading

• Why a2 Milk, Service Stream, TPG, & Zip shares are tumbling lower
• TPG (ASX:TPG) share price seesaws on full-year results
• New Hope (ASX:NHC) share price on watch on Q2, 48% higher coal prices
• 3 ASX shares that keep growing the dividend every year
• Is HyperOne listed on the ASX?

Sebastian Bowen owns shares of Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Clover Limited. The Motley Fool Australia owns shares of and has recommended Brickworks and Washington H. Soul Pattinson and Company Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Argosy Minerals Limited (ASX: AGY) share price is surging today following an update on its Rincon Lithium Project. At the time of writing, the lithium miner’s shares are up 9%, trading at 11.5 cents.

Let’s take a closer look and see what Argosy reported to the ASX market this morning.

Developments works schedule

The Argosy share price is on the rise after the company gave investors a clearer picture of its plans for the Rincon project.

In today’s release, Argosy provided a development works schedule for project construction. The timetable outlines the production phase to mine 2,000 tonnes per annum of lithium carbonate from late in the second quarter of FY22.

Argosy holds a 77.5% interest in the Rincon project, located in Salta Province, Argentina. The mine is situated within the ‘lithium triangle’ – the world’s dominant lithium production source.

The company advised that it has prepared a detailed construction and development schedule to build the lithium carbonate process plant. This will involve major works consisting of earth-moving equipment and site construction of the plant as well as associated installations.

In addition, Argosy will expand the brine system to include a pumping station and plant settling ponds. The entire build stages will run throughout the current calendar year, with completion around early 2022.

Once the construction phase is finished, Argosy will begin plant commissioning, test-works, and ramp-up over a 4-month period. Should everything go smoothly, the company will then start production operations.

Comments from the managing director

Argosy managing director Jerko Zuvela touched on the company’s 2022 target, saying:

The company’s Puna operations team have prepared a comprehensive and detailed work schedule and associated timeframe for targeted production of >99.5% battery quality lithium carbonate product.

We are fully funded to transform Argosy into an exclusive producer and cash flow generator, and are completely focussed on achieving this target and establishing the pathway for continued commercial scale development, as we become only the second ASX-listed battery quality lithium carbonate producer. We look forward to a significant near-term growth phase with increasing development activity at the Rincon Lithium Project.

The Argosy share price has gained more than 90% over the past 12 months.

More reading

• Argosy (ASX:AGY) share price plummets 7% despite positive update
• Why the Argosy (ASX:AGY) share price is shooting 7% higher today
• Why Argosy Minerals, Sigma, Vocus, & Zip shares are charging higher

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Flight Centre Travel Group Ltd (ASX: FLT) share price is trading lower on Tuesday despite some positive news out of the travel agent giant.

At the time of writing, the Flight Centre share price is down over 1% to $16.84.

What did Flight Centre announce?

This afternoon Flight Centre provided an update on its UK COVID-19 loan and funding.

According to the release, Flight Centre has been approved to extend the short-term 65 million pounds loan it received last year under the Bank of England’s COVID Corporate Financing Facility (CCFF).

These funds were were initially made available for 12 months to support short-term liquidity as the company worked to overcome the disruption caused by COVID-19 and the restrictions that were applied to slow the spread of the virus.

This term was due to end in March 2021, however, the Bank of England has now approved a 12-month extension through to March 2022.

In addition to this, the central bank has made an additional 50 million pounds debt facility available through to March 2022.

Last month the company revealed that it had liquidity of $1.2 billion at December 31. This includes the initial 65 million pounds loan but not the addition 50 million pounds debt facility.

Flight Centre’s Managing Director, Graham Turner, commented: “While some positive signs are emerging, the travel, tourism and aviation industries still face significant challenges while widespread travel restrictions are in place. We thank the Bank of England for its ongoing and proactive support, which will help businesses save jobs and weather the near-term challenges.”

Is the Flight Centre share price in the buy zone?

One leading broker that sees value in the Flight Centre share price is Macquarie.

According to a note out of investment bank last week, its analysts upgraded the company’s shares to an outperform rating with an improved price target of $20.00.

Based on the current Flight Centre share price, this implies potential upside of 19% over the next 12 months.

More reading

• The latest ASX shares that brokers have upgraded to “buy”
• These are the 10 most shorted shares on the ASX
• ASX 200 Weekly Wrap: Friday carnage ruins last week of ASX earnings
• These were the best performing ASX 200 shares last week
• Why Flight Centre, Life360, Nanosonics, & Universal Store are racing higher

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Flight Centre Travel Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

Multinational investment bank Goldman Sachs (NYSE: GS) is within a week of reviving its cryptocurrency trading, Reuters reports, with the trading desk to reopen for Bitcoin (CRYPTO: BTC) futures and nondeliverable forwards (another type of future-oriented derivative) sometime in mid-March. The bank is also showing interest in the official digital currencies under consideration by several countries, along with blockchain tech in general.

The move comes at a time when explosive growth in the value of Bitcoin and several other cryptocurrencies has led several big players in the financial sector to soften their previously hard-line attitude about digital currencies. Mastercard (NYSE: MA) said in a blog post on Feb. 11 “this year Mastercard will start supporting select cryptocurrencies directly on our network,” mentioning Bitcoin by name, while asserting it will “be very thoughtful about which assets we support based on our principles for digital currencies.” According to Bloomberg, Visa (NYSE: V) has also said it will support cryptocurrencies if they become a “recognized means of exchange.”

The popularity and value of Bitcoin has mushroomed since the start of the pandemic. The cryptocurrency gained approximately 300% during 2020, and another 70% in January and February of 2021. The volatility of the digital currency means many skeptics remain, but Goldman Sachs’ upcoming restart of its cryptocurrency trading desk suggests it’s on the side of the bulls, at least for the time being. 

According to the digital-currency news site CoinDesk, Goldman Sachs aborted its previous foray into cryptocurrency trading back in 2018 over concerns Bitcoin and similar currencies occupied a regulatory gray area. But at the time, the bank said it might reopen the desk at a later time, along with offering nondeliverable forwards on the cryptocurrency, foreshadowing today’s news three years ago.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

More reading

• Here’s why the Raiz (ASX:RZI) share price is soaring today
• ASX 200 Weekly Wrap: Friday carnage ruins last week of ASX earnings
• Aussie investors are now buying more Bitcoin than gold
• How Tesla’s (NASDAQ:TSLA) Elon Musk just lost $19 billion
• ASX 200 Weekly Wrap: ASX lower despite bumper dividends

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. recommends Bitcoin. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Rhian Hunt has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Mastercard and Visa. The Motley Fool recommends Bitcoin. The Motley Fool has a disclosure policy.

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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

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Warren Buffett — chair and CEO of Berkshire Hathaway Inc (NYSE: BRK.A)(NYSE: BRK.B) — released his annual letter to shareholders on the weekend. While, as usual, it contained several interesting observations and feel-good stories about Berkshire and the companies that inhabit the sprawling conglomerate, it also contained an interesting nugget for investors. Berkshire has famously never paid a dividend since 1967, even though it has buckets of cash on its books. It could probably choose to be one of the highest-yielding dividend stocks in America if Buffett chose. Instead, it steadfastly refuses to turn into an income share.

But Warren Buffett has turned to another method of redeploying Berkshire’s massive cash pile into meaningful returns for its shareholders.

Berkshire buys its own stock back

In his letter over the weekend, Buffett made several comments about Berkshire’s share buyback program. Some of it is summed up below:

Last year we demonstrated our enthusiasm for Berkshire’s spread of properties by repurchasing the equivalent of 80,998 ‘A’ shares, spending $24.7 billion in the process. That action increase your ownership in all of Berkshire’s businesses by 5.2% without requiring you to so much as touch your wallet. Following criteria Charlie [Munger] and I have long recommended, we made those purchases because we believed they would both enhance the intrinsic value per share for continuing shareholders and would leave Berkshire with more than ample funds for any opportunities or problems it might encounter.

US$24.7 billion is a lot of money, even for Berkshire Hathaway. So Buffett must have thought it was worth it. Why spend that US$24.7 billion on buybacks and not dividends?

Well, a share buyback also increases a shareholders’ ownership of the company, as Buffett alludes to above. If I own 1 share of a business that only has 5 shares, I own 20% of that business. But if another investor in that business decides to sell their one share back to the company, there are now only 4 shares. I still own my 1 share, but that one share now represents 25% of the business. My wealth has increased. That is exactly what Berkshire has been doing for its own shareholders. Here on our own ASX, the share price of Ansell Limited (ASX: ANN) is jumping today because the company announced its own share buyback.

Buffett: buybacks beat dividends

This method of capital return is better from a tax perspective for one. In the US, there is no system of franking. So when a shareholder receives a dividend, it effectively gets taxed twice. Once at the corporate level, and once at the personal income tax level. But if Berkshire decides to buy back shares instead of paying a dividend, an owners’ shares automatically go up in value without any need to pay any tax. It’s effectively a tax-free gain (at least until I have to sell my shares). Even on the ASX, we have to pay tax once on a franked dividend.

Additionally, and as Buffett mentions, if a company’s management can choose to buy back shares at a price they believe is cheap, you can add even more value to shareholders’ pockets. That’s why Buffett went on to say the following in his letter:

In no way do we think that Berkshire shares should be repurchased at simply any price. I emphasize that point because American CEOs have an embarrassing record of devoting more company funds to repurchases when prices have risen than when they have tanked. Our approach is exactly the reverse.

Evidently, Buffett thought that the price Berkshire could net for purchasing its own stock was a ‘good deal’. And, if history is anything to go by, it probably was.

Foolish takeaway

Everyone loves a dividend. But sometimes, there are other ways a company can reward shareholders that are less obvious and blunt than sending its profits out the door as dividends. If I was a shareholder in Berkshire, I would be very pleased with what Buffett announced over the weekend.

More reading

• ASX 200 up 0.3%: Mesoblast raises US$110 million, tech shares rebound
• Ansell (ASX:ANN) share price jumps on share buyback news
• Warren Buffett just told us to stay away from this asset class
• 3 key takeaways from Warren Buffett’s latest letter to shareholders
• Robinhood fires back at Berkshire Hathaway’s Charlie Munger over criticism

Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Berkshire Hathaway (B shares) and recommends the following options: short January 2023 $200 puts on Berkshire Hathaway (B shares), short March 2021 $225 calls on Berkshire Hathaway (B shares), and long January 2023 $200 calls on Berkshire Hathaway (B shares). The Motley Fool Australia has recommended Ansell Ltd. and Berkshire Hathaway (B shares). The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Eclipse Metals Ltd (ASX: EPM) share price is rocketing today, trading up 23.5% in late morning trade.

Let’s take a look at the ASX mineral explorer’s latest surface sample results from its rare earths project.

What rare earths results did Eclipse Metals report

The Eclipse Metals share price is going gangbusters today after the company reported strong rare earth mineralisation at its Gronnedal-lka project in south-western Greenland.

Eclipse said grab samples collected at the carbonatite deposit contained total rare earth (TREE) of up to 34,400 parts per million (ppm). It added that the carbonatite could potentially also provide carbonate rock as a commercial by-product.

Carbonate can be used to neutralise acid mine and process water. And Eclipse said it could readily ship any carbonite products from the existing wharf infrastructure at Gronnedal.

Among the rare earths contained in the grab samples, the company said it recognised that europium throughout the carbonatite intrusion at “several times greater concentration than average for rocks elsewhere”. It said this was many times more than you’d typically expect in carbonatites and noted that globally europium is in extremely short supply.

Commenting on the grab sample results, Eclipse Metals executive chair Carl Popal said:

Many of these samples were collected from the carbonatite in Gronnedal, but the highly altered surrounding rocks also offer excellent mineralisation potential. The results show persistent content of REE…

Overall, the results confirm there is excellent REE potential at the surface in Gronnedal-lka. The REE prospectivity fits well with our mission to excel in the commercialisation of metals and minerals demanded in the production of green energy and required by the industry to reduce pollutants.

Historical exploration records indicate the potential for rapid development and production of cryolite, fluorite, quartz, REE, carbonate, zinc and siderite.

Eclipse Metals share price snapshot

The Eclipse Metals share price is up more than 100% over the past year. By comparison, the All Ordinaries Index (ASX: XAO) is up 9.5% over that same time.

More reading

• Why the Alcidion (ASX:ALC) share price is jumping 8% to a record high today
• Why the Emyria (ASX:EMD) share price is climbing 7% higher today
• The latest ASX shares that brokers have upgraded to “buy”
• The Liontown (ASX:LTR) share price is surging 17% today. Here’s why
• The Crown Resorts (ASX:CWN) share price shakes off Moody’s credit decision

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The Alcidion Group Ltd (ASX: ALC) share price is charging higher on Tuesday afternoon.

At the time of writing, the healthcare technology company’s shares are up 8% to a record high of 26.5 cents.

Why is the Alcidion share price charging higher?

Investors have been fighting to get hold of Alcidion shares today following the release of an announcement after lunch.

According to the release, the company has signed a contract with New Zealand’s Te Manawa Taki (TMT) region District Health Boards (DHBs) for a pilot implementation of Better’s OPENeP Electronic Medication Management solution.

The release explains that TMT has a vision for the solution to standardise, digitise, and make accessible medication data and decision support while delivering improved patient safety and quality of clinical and service delivery with better information available to support transitions of care and medication treatment.

Alcidion was appointed as a reseller and implementer of the OPENeP solution in April 2019 for the UK, Australia, and New Zealand markets.

This implementation represents the first deployment of the OPENeP solution in the Southern Hemisphere. The company notes that it will provide New Zealand DHBs with choice when selecting closed-loop medication management solutions to improve care delivery and medication safety.

What is OPENeP?

OPENeP, which has just been renamed Better Meds, supports full closed loop medication management. It addresses the five rights – right patient, right drug, right dose, right route, and right time.

The integrated workflow addresses reconciliation, prescribing, clinical pharmacy review and medication administration. It has been developed in collaboration with clinical teams to align with their workflows.

The platform also provides efficiencies, transparency and decision support to the critical care processes associated with medication management.

Alcidion’s Managing Director, Kate Quirke, commented: “We are excited to extend our partnership with New Zealand DHBs beyond our Miya Precision, Patientrack and Smartpage products to the implementation of electronic medication management at Te Manawa Taki – the first in the southern hemisphere. We believe the OPENeP solution will deliver measurable benefits to the DHBs and look forward to extending these benefits across the region, on successful completion of the pilot.”

More reading

• Alcidion (ASX:ALC) share price hits 52-week high on record sales

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Alcidion Group Ltd. The Motley Fool Australia has recommended Alcidion Group Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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