Pro Medicus Limited (ASX:PME) is a Melbourne-based software owner and developer, licensing products to large US hospitals and Australian radiology clinics. The company has offices in Richmond, Victoria, Berlin, Germany and in the United States.
There really isn’t a “secret sauce” behind these stories – it is purely a matter of scouring the market for companies displaying solid fundamentals (which we define as our “Golden Rules”), and then allowing these businesses to compound both earnings and cash flows over many, many years.
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When I woke up this week and saw that the Altium Limited (ASX: ALU) share price had jumped 25% in one day I was so disappointed. I wanted to buy some Altium shares because I noticed, surprisingly, that it hadn’t really budged since the beginning of the year.
The Pro Medicus Ltd (ASX:PME) share price has gained another 5% following the FY23 result which included more impressive growth.
Pro Medicus Ltd (ASX:PME) shares and Xero Limited (ASX:XRO) shares my two biggest ASX shareholdings. If you want to know why I own Pro Medicus or Xero shares, read this.
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This short ASX investing article is my trivial attempt to think about the ASX’s best companies, ranked by ROIC.
The Pro Medicus Ltd (ASX:PME) share price went up as investors liked what they saw in the FY23 half-year result.
The Pro Medicus Ltd (ASX:PME) share price is up again after the ASX healthcare tech share revealed another impressive contract win in the US.