iSoft share price falls to five-year low

The share price of NHS software supplier iSoft  has today slumped to a five-year low, despite the achievement of an NPfIT milestone go-live at University Hospitals of Morecambe Bay NHS Trust earlier this month.
 
iSoft supplies the “Lorenzo” Care Records Service to CSC, which is the local service provider to NHS trusts in most of England, outside of London and the south.

iSoft’s share price earlier today was about 25 Australian cents, down from 32 cents at the start of this week. Last week iSoft shares fell by the most on record – 30%, to 39 cents.

A previous low was about 37 cents in 2006. In 2007 iSoft’s shares reached a high of about $1.52.

With CSC, iSoft went live with Lorenzo 1.9 at Morecambe Bay the beginning of thismonth, though the two companies have yet to be paid for reaching the milestone. iSoft has announced revised figures and, in a separate statement,apologised to CSC over remarksit made in a regulatory statement to the Australian Stock Exchange.

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iSoft share price since record fall of 30% on 2 June 2010

9 June 2010 – 25 cents

Share price    %change
*
08 Jun 2010             0.280           -12.5%
07 Jun 2010             0.320 -4.48%
04 Jun 2010             0.335 -6.94%
03 Jun 2010             0.360 -7.69%
02 Jun 2010             0.390 -30.36%

 

Links:

NPfITofficials will stand by Lorenzo – IT Projects Blog (2008)

iSofthit by political uncertainty – E-Health Insider

iSoftshares fall record 30% – IT Projects Blog

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