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Careteq Ltd
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About Careteq Ltd
Commentary
SOURCE
ACTION
FUND MANAGER
DATE
DMX Asset Management continues to hold Careteq Ltd following a mixed month that included both a negative ATO position paper — challenging approximately $1.3 million in R&D tax offsets — and the positive appointment of an experienced ASX executive as CEO. DMX Asset Management notes that Careteq disputes the ATO's position and has been invited to make further technical and factual submissions. The company reaffirmed a positive outlook, targeting profitability and cash flow positivity heading into FY25. With a current enterprise value of approximately $1 million, the fund sees potential for accelerated growth under new leadership.
Monthly Report
31 Mar 2024
.
DMX Asset Management
No Change
Monthly Report
§ Important Notice
The entries below are records originating from third-party statements. Thesis Tracker does not rank, recommend or endorse any fund manager, fund or security. Investment decisions should be made on the basis of the relevant Product Disclosure Statement and, where appropriate, advice from a licensed adviser.
Frequently asked questions about Careteq Ltd (ASX:CTQ)
Frequently asked questions
Who is investing in Careteq Ltd (ASX:CTQ)?
Fund managers including DMX Asset Management have invested in Careteq Ltd (ASX:CTQ).
What is the short interest in Careteq Ltd (ASX:CTQ)?
According to ASIC filings, there is negligible or no short interest in Careteq Ltd (ASX:CTQ).
What does Careteq Ltd (ASX:CTQ) do?
Careteq Ltd. is an Australian healthcare company headquartered in Melbourne. Founded in 2016 by Elizabeth Crooks, Ian Aitken, and Steve Stapelberg, the firm specializes in residential medication management reviews and home medicines review services. Careteq operates through its core brands, HMR Referrals and Embedded Health Solutions. The company focuses on clinical review services designed to optimize medication safety and health outcomes within residential and home-based care environments.