As I mentioned in this blog yesterday, ISF.AX is one of my very few investment that still has not performed very well in the past year.
In the past year, ISOFT, formerly IBA HEalth, have been having problems that mostly inherited from the old UK's Isoft. This includes, profit warnings, debts problems, pound sterling exchange rates, the potential scrapping of NPfIT, issues with Lorenzo implementation and some other issues regarding accounting irregularities, where the former iSoft directors are accused of conspiracy to make misleading statements. What more can you ask?
Although there are quite a few positive developments recently, including restructuring of senior debt facilities, string of new contracts, and latest one was just today when UK FSA discontinued investigation, ISF share price still going nowhere.
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