Agriterra moots sugar move 03/07/2009
Phil Edmonds’ African food group Agriterra expects a turnaround to profits as it contemplates a move into sugar.
Malaysian electronic ‘healthcare card’ pioneer MediLink Global UK is bravely seeking £2m at 18p on AIM to grow in China.
The Jersey-domiciled company, whose proprietary software instantly connects hospitals, doctors, dentists and other medical providers with medical insurers, employers and governments to process treatment claims via a credit card-type terminal, has so far distributed 1.8 million cards to 100 private hospitals in Malaysia.
MediLink, which turned a £22,000 loss into a £137,000 pre-tax profit last year, now claims 90% of Malaysia’s private hospital market and is poised to expand into the potentially massive Chinese market after signing a contract with Ping An, the People’s Republic’s second-largest life insurer.
Co-founder and chief executive officer Shia Kok Fat suggests Ping An’s 1,500 regional offices and 300,000 sales agents should put MediLink in a strong position to gain a significant role in China’s burgeoning medical insurance market.
He wants the company, whose chairman is Norman Lott (finance director of loss-making AIM biotech dog ReGen Therapeutics), to attack other markets in the region to establish itself as a recognised ‘third-party administrator’ and corporate client server on this sector throughout South-East Asia.
Dowgate Capital is nominated adviser to MediLink, whose broker is SV Securities. Directors own 70 per cent of the company, which scored last year’s turnaround on sales increased 57% to £644,000. Fans argue this type of insurance market, especially in that part of the world, is counter-cyclical, or even non-cyclical, and suggest further hefty profits and sales gains are on the cards for 2008.
There is clearly an element of risk in MediLink’s ambitious strategy. But bold investors still willing to have a go might consider a punt.
Save 50% off your first year’s subscription to Growth Company Investor magazine, and gain immediate access to all the recommendations online. Click here.
Growth Company Investor subscribers have full access to all our AIM and small-cap share recommendations.
To subscribe today with a half-price offer and gain immediate access to all the recommendations, click here.
Advertisement
Get 20% bonus on your first deposit and a financial advisor serving you 24/7. For experienced traders – xforex extreme feature – follow our top trader LIVE!
The new survey into new AIM companies focusing on IPO activity over the closing months of 2008. The report itself contains information on the brokers who are most able to raise cash in the current environment and the sectors that are attracting institutional investment. Buy the new issues on Aim research report.
In the first ever deep analysis of trading values and volumes on AIM, Growth Company Investor, in association with BDO Stoy Hayward, will be shining their research light on the pre-eminent companies on AIM. Buy the Liquidity Drivers on AIM research report today.
The fifth annual examination of the entire AIM market, detailing the fastest growing companies on the junior market, aswell as the most profitable and the least profitable businesses. Buy the Spotlight on AIM 2009 research report today.
Business XL, the award-winning monthly magazine for growing companies, is delighted to announce the launch of a new study on cash shells. The research provides a comprehensive overview of cash shells on AIM, companies that have become a significant feature on the AIM landscape. Buy Cash Shells 2009 Research Report today.
Advertisement
Phil Edmonds’ African food group Agriterra expects a turnaround to profits as it contemplates a move into sugar.
‘Smart metering’ specialist Bglobal has obtained up to £15 million asset funding from Barclays Asset Sales & Finance.
Jubilee Platinum is offering shares to buy fellow AIM counter, smelting and refining specialist Braemore Resources.