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CBay

August 2009

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • CBAY
  • Price:
  • 42.5p
CBAY has reported its Q1 09 results, which mark the beginning of quarterly reporting. This is on the back of the transformational deal in 2008 when the young new kid on the block, CBAY, bought its majority (69.5%) stake in Medquist, a much more substantial and longstanding business in the US. The two businesses both provide medical transcription but are very different as Medquist is an onshore provider whereas CBAY has an offshored service delivery from India, which has a lower cost of delivery per line transcribed. Medquist also had sales of US$400m compared to CBAY's US$58m so there is clearly a huge change in the nature and scale of future profits. That said, Medquist is still a NASDAQ listed business in the US so full integrat ...

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Cbay Systems - Shares suspended pending reverse takeover (June 2008)
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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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