Global Health pauses growth path

The e-health company’s outlook has been clouded by inconsistent messages from management over the latest contract with the South Australian government.

We are downgrading our recommendation for Global Health (GLH) to a “sell” due to inconsistent messages from management.

Firstly, the company has stated numerous times that their business model is de-risked due to 80% of revenues being recurring and a diversified base of customers reducing the reliance on any one customer.

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