Homestay Care Ltd - Purchase Orders for Over $1M Received from Aged Care & Housing Group
Homestay Care Ltd (ASX:HSC)

Purchase Orders for Over $1M Received from Aged Care & Housing Group

Highlights

What's happened?

HomeStay Care Limited (ASX: HSC, “HomeStay”) announced that they have received a further purchase order for approximately $550,000 from the Aged Care & Housing Group Inc (“ACH Group”), relating to a further three sites of residential care in South Australia (“Project”).

What are the details?

As announced on 28 January 2020, HomeStay was awarded a tender to provide assistive technology to nine ACH Group sites in South Australia. HomeStay previously announced the receipt of a purchase order for approximately $500,000 for the first site at Kapara in Glenelg and this subsequent Purchase Order relates to a further three sites.

What does this announcement mean?

Erik Bergseng CFA® from Mawson Graham provides perspective on this recent announcement.
Erik Bergseng CFA®
Written by Erik Bergseng CFA®
Published Feb 13, 2020

HomeStay Care continues to demonstrate strong revenue growth which we believe is a result of the new commercial focus that Managing Director Russell Graham brings to the company. We also believe the end-to-end and plug-and-play nature of HomeStay Care's technology is being well received by the market. Additional evidence of this is the recent Bolton Clarke announcement. Bolton Clarke is one of Australia's largest not-for-profit healthcare and independent living service providers, and they also have a strong reputation for adopting effective aged-care technology. For these reasons we think HomeStay Care is well-positioned to continue growing its top line in this large and under-serviced market.

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

Managing Director's Summary

Graham Russell

“We are pleased to receive another purchase order from the ACH Group to rollout a further three sites. We are confident that the Essence APAC IoT technology assists the improvement of the lives of ACH Groups aged residents, and our team is currently working to deliver our technology to the Kapara site and we look forward to the successful roll out of all sites in the near future"

Graham Russell
Managing Director, Homestay Care Ltd

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