April 2021

Stock I'm watching this month:-

AGH - Althea Group Holdings Ltd

Sector: Healthcare 
Market Cap: 124.6 Mil
Price/Earnings: N/A
Price/Book: 2.64
Return On Equity: -29.25%
Return On Assets: -13.15%
Debt/Equity: 5.78%

Reasons to watch: Althea operates in the medical cannabis space, mainly in Australia, Canada, Germany and the United Kingdom. They have been growing their patient numbers and healthcare professionals significantly since inception. This is driven by its proprietary Althea Concierge medical device,  that simplifies the prescribing and patient management process. Although still loss making, the company continued to show stong growth in the December 2020 half year, resulting in revenue increase of 175% compared to its prior corresponding period. 

Risk: The medical cannabis space is quite saturated and although there has been much progress in legalizing the use of medical cannabis, it is still considered a niche market.  

Sentiment: Buy
Disclosure: Held
Current Price: $0.465
My Strike Price: $0.465 (Morningstar Intrinsic Value: $0.7)


Disclaimer: This does not constitute any financial advice or stock recommendations. As always, Do Your Own Research.

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