IBA iba health group limited

iba loses 20% of its customers in its key market s

  1. 6 Posts.
    IBA Loses 20% of its customers in its key market segments

    I don’t know how these guys can keep putting out so many positive announcements and making statements like “…….IBA Health is confidently penetrating the Asia Pacific Region as healthcare organisations are recognising the capacity of our world class and proven solutions to meet the challenges of more complex and demanding methods of healthcare delivery” said Steve Garrington CEO, IBA

    Compare the “About IBA” on their announcements before 3 December 2004 and after 8 December 2004

    - 8 Dec 04 they reported that they had a market share of 40% of hospitals, clinics and specialists centres in Singapore. This is down 20% from a reported market share of 50% on 8 Dec 04

    - 8 Dec 04 they reported that they had a market share of 50% of private hospitals in Australia. This is down 17% from a reported market share of 60% on 3 Dec 04

    - 8 Dec 04they reported that they had 30 public hospitals. This is down 9% from 33 on 3 Dec 04 - I thought that this where they were going to make all their money?????

    These guys are going backwards. They certainly had me fooled by all those positive announcements.

    Does this mean that they will be making losses again once the USA revenue dries up in 4.5 years

    In my opinion, such a significant reduction in market share should have been more clearly disclosed and explained to the market. I am surprised that the ASX has not done anything about this

    Singas – you are eventually going to lose your shirt on this one when the bubble bursts
 
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