Summary of action at 2026 Doctor Care Anywhere (DOC) hybrid AGM
April 29, 2026
Below is the wrap of the action at the Doctor Care Anywhere (DOC) 7pm hybrid AGM in Melbourne at Investorhub (L16, 452 Flinders St) on April 28, 2026, and via the Computershare platform. See notice of meeting. Market cap $51m on AGM day. The proxies were not disclosed early and neither were the formal addresses. There were no protest votes and they came through with headcount data.
Q1. We sold 125m CDIs at 80c a piece (see 194 page prospectus) during COVID in December 2020 and raised $102m from public investors. After surging to a peak of almost $1.50 a share in the first few days of trading, it has been all down hill since then. How much did we pay Bell Potter to get the float away and what has been our involvement with the firm over the ensuring 5 years?
Answer: Not asked because turned up in person.
Q2. Shortly after the December 2020 IPO, The AFR reported that Navitas founder Rod Jones was a top 20 shareholder and that Perennial Value Management held 9.11%, while Caledonia Investments has a 9.45% stake. How long did those investors stick around and were either of those funds investors before the IPO?
Answer: Not asked because turned up in person, but turned out Alex Waislitz's Thorney Technologies is now the largest shareholder with around 29%.
Q3. On October 16, 2020, The AFR reported the following: "In a book message sent to funds on Friday morning, DCA's broker Bell Potter said the deal had been increased to between $98 million and $103 million, from $75 million. Funds were told that the $65 million primary issue of new shares would stay the same, but the selldown from existing investors would increase from $10 million to between $33 million and $38 million. DCA chief executive and founder Dr Bayju Thakar did not sell into the IPO. " Who were those early investors who sold out to Australian investors at the top of the cycle?
Answer: The chair... Watch video of exchange via Twitter.
Q4. Who was the founder from Australia? David Ravech?
Answer: The chair... Watch video of exchange via Twitter.
Chair John Stier says the following on Linkedin:
"My work at DCA has included contributing to a strategic review, that lead to the business withdrawing from the Australian market and becoming far more focused on profit and cash generation. It became profitable in 2024, when I joined the business it was losing £20m pa. I have also helped the business drive productivity and improve cash flow, strengthen and coach a young leadership team, evolve it's technology and secure it's next round of funding."
How much did we lose in Australia?
Q5. Our first annual report disclosed that we had 1658 shareholders and this has now grown to 4331 according to the latest annual report. How did we grow so fast and what proportion of these shareholders are Australian. Also when did Thorney Technologies become our largest shareholder with a 28% stake and whose shares did they buy?
Answer: Asked this one in person but no-one really had an answer for it. Watch video of exchange via Twitter.
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