Alcidion: One of Dean Fergie’s “most successful” investments

Dean Fergie from Cyan Investment Management selected 3 of his favourite stocks during a presentation for Reach Markets’ Meet the Fund Manager series in March 2021. Alcidion (ASX:ALC) was one of them. All 3 company spokespersons were invited to join us to present at a subsequent Meet the CEO event. ALC's CEO, Kate Quirke joined us on 31 March to provide the inside scoop of the business. This article is a summary of some of the information Kate and Dean shared in their webcasts.

ASX: ALCPrice A$0.36

52 Week Range: A$0.12 - $0.48

Market Cap: A$382.54m

Sector: Healthcare

Date of Report 21/07/2021

Healthcare software company Alcidion saw its share price surge 175% in the last financial year, making it one of Cyan Investment Management director Dean Fergie’s favourite share picks.

“This has probably been one of our most successful investments over the past three or four years,” said Dean, the Investment Management Director from Cyan.

Healthcare workers need to make the right decisions. When they’re under pressure, however, mistakes happen. In fact, adverse delivery of healthcare is the third leading cause of death in the US. Alcidion’s hospital decision making and patient tracking software minimises that risk by taking the pressure off busy doctors and nurses.

“We’re using that data to support the decision making process of the clinicians. Not to take the process away, but to relieve the cognitive load on them on their day-to-day delivery of healthcare to patients,” said Alcidion CEO Kate Quirke.

With a healthy net cash balance, huge growth margins of 88%, and being very close to breakeven, Alcidion is in a very strong position as a company.

Importantly, Alcidion has strong recurring revenue channels which are supported by healthcare, being what Kate calls “a very sticky business”. Kate notes that healthcare customers typically stick with a software company for 10 to 20 years.

Alcidion continues to sign on new clients across the UK and Australia including major contracts with the NHS and, most recently, Northern Territory Health.

March 12th, 2021

To view more videos from Dean Fergie’s Meet the Fund Manager session, click here.

March 31st, 2021

To view the full Insider – Meet the CEO’s Session, click here.

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