Homestay Care Ltd - HomeStay signs MSA with Bolton Clarke
Homestay Care Ltd (ASX:HSC)

HomeStay signs MSA with Bolton Clarke

Highlights

What's happened?

HomeStay Care Limited (ASX:HSC, "HomeStay") announced they have secured a 3 year master services agreement with national aged care provider RSL Care RDNS Limited (trading as Bolton Clarke).

Who are Bolton Clarke?

Bolton Clarke are one of the largest Australian owned and operated not-for-profit healthcare and independent living service providers, with a passion for ensuring its customers live the best possible life. Bolton Clarke were recently named the inaugural Future of Ageing Awards winner in Technology – Health and Wellbeing category for its digital independence offering.

Why is this significant?

An initial purchase order for PERS units of approximately $300,000 invoiced, with product delivery underway. Furthermore the MSA may govern multiple commercial projects between the parties where HomeStay provides an assistive technology platform powered by IoT devices on a project by project basis on standard commercial terms to be agreed over the next 3 years, with: setup; hardware purchase; subscription; professional service; and/or transaction fees applicable. The Agreement provides a framework whereby projects can be initiated under further statement of works (to be agreed).

What does this announcement mean?

SmallCapInsider from Mawson Graham provides perspective on this recent announcement.
SmallCapInsider
Written by SmallCapInsider
Published Jan 28, 2020

Given the size of Bolton Clarke and its reputation in technology we think this MSA is a significant form of validation of HomeStay Care's end-to-end solution. The fact multiple commercial projects can be covered under this agreement moving ahead also suggests there is additional long term revenue potential from this agreement beyond the initial $300,000 invoiced from the initial purchase.

The information within this section has been provided by Mawson Graham Pty Ltd and is for general information purposes only and is not intended to reflect any recommendations or financial advice. The information in this section has been prepared without taking into account your objectives, financial situation or needs. For this reason, you should consider the appropriateness of the advice or recommendation in light of your own personal circumstances, relevant risk factors, the nature and extent of your risk of loss, as well as the legal and accounting consequences before acting making an investment or trading decision regarding any Financial Product mentioned herein. While it is believed that all information sourced and contained within this section to be accurate at the time of publication, liability for any errors, omissions, accuracy or completeness of the information (except any statutory liability which cannot be excluded) is specifically excluded by Mawson Graham Pty Ltd, its associates, officers, directors, employees and agents. Past performance is not a reliable indicator of future performance. Important Disclosure: Mawson Graham Pty Ltd, its directors, associates and employees advise that they may hold securities, may have an interest in and/or earn brokerage, investor relations fees, corporate fees, and other benefits or advantages, either directly or indirectly from client transactions arising from any information mentioned within this section and in documents published within this section.
Mawson Graham
Mawson Graham

Download Announcement

View this announcement as well as our full profile on the company.

How do I invest?

Considering investing in Homestay Care Ltd?
Here's how to get started.
Low Cost Brokerage ASX Cheapest ASX Trading Platform
  1. 1

    Create account

    Open an account with an online broker of your choice. If you do not have an existing broker, consider Mawson Graham's A$9.50 flat fee platform.

    Sign up now »
  2. 2

    Search for ASX:HSC

    On your online investment platform search for the stock ticker code ASX:HSC to bring up the company's shares.

  3. 3

    Buy shares

    Place your order however you wish. If you need advice on buying or selling, you should seek the assistance of a full service financial adviser experienced in small cap equities.

Up