2020 Picks Of The Year: But How Did 2019 Pick’s Go?
It’s that time of the year again where predictions are made for 2020 and before embarking on those, I always think it is worth reviewing last year’s key ideas
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Volpara Acquisition Accelerates Future Growth
Volpara Health (VHT) has been a stock that I have highlighted a couple of times, including at the start of the year where it was one of the few companies that was attractive according to my strict stock selection process. This week the company raised $55 million to acquire MRS Systems in the United States and accelerate their sales team and market penetration.
Read MoreVolpara Health: Becoming The Industry Standard
VHT is right up there with my favourite stocks not just for 2019 but for years to come as it is one of the few times where I can truly say I have confidence in their business, their product and the industry – a change from an alternative to the standard.
Read More2019’s Best Trades: Bonds, Stocks, Aussie Dollar & Tesla
At the start of every calendar year, everyone asks anyone what their best picks for the year are. Naturally, “best picks” usually refers to those ideas that will generate the biggest return but little if no attention is given to the volatility or the risk of that idea over the course of the year.
Read MoreVHT – Morgans rates as Add
The company posted a positive trading update and Morgans notes annual recurring revenue of NZ$3.6m is indicated for FY18, exceeding prior guidance.
Read MoreVHT – Morgans rates the stock as Add
Volpara posted a solid first quarter with 5 new SaaS customers added. Annual recurring revenue is on target to triple from FY17 levels, the broker notes.
Read MoreVHT – Morgans rates the stock as Add
The company posted a net loss of NZ$9.6m for FY17, slightly weaker than Morgans expected. As of March 31 the company has signed 14 software-as-a-service contracts.
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