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healthway, healthy?
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Sporeguy
Elite |
07-Mar-2017 14:53
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Medical Stocks are growth stocks, good for young investors. For Eg, RMG commands a high price. Healthway could be one, but because it tries shortcut, wanting fast growth but not ethical way of expanding the company! Whoever takeover, hopefully are more prudent. |
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teeth53
Supreme |
07-Mar-2017 14:32
Yells: "don't learn through life, learn to grow with life " |
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Anyway. Do Healthway breach any rules n regulation set by SGX-ST?. They wanted an Independent Review. China business goes wary: - In its FY2016 results released on 24 Feb 2017, Healthway made an allowance for doubtful loan receivables of S$21.6 mil from " Party B" which it named as Wei Yi Shi Ye Co. Ltd. Party B identity is not a secret and it was first revealed by Healthway several years ago. Wei Yi Shi Ye operates, owns medical and dental practices and a hospital in Shanghai. Healthway acquired and appointed a PRC national as shareholder. (Note - Healthway, as a foreign enterprise, could not own it outright.) teeth53 thot - what Fan n daughter way of do PRC business in China, a wishy n washy way. The PRC share-holder has no role in business of Healthway. It appointed its own staff as the sole executive director to run the integrity of it operations. Healthway funded this PRC business in 2009, a sum of S$36.6 mil, accounting for it as loan receivable. Because of it operating losses in PRC business (high rental and doctors' salaries, etc) Healthway made allowances for doubtful loan receivables in past years. This is a non-cash accounting treatment. In 2015, Wei Yi Shi Ye became the target of a possible acquisition by a third party, and a letter of intent was signed. Healthway envisaged the sales proceeds would be utilised to settle the loan receivables due from Wei Yi Shi Ye. The acquisition, however, did not happen. The balance loan receivable as at 31 Dec 2016 was S$21.6 mil, which Healthway chose to make an allowance for in its entirety. (This is so that in future, there is no further need to impair.) Ihe fact, with Chinese business reducing its losses substantially over the years, Healthway is hopeful it would break-even this year. As and when the PRC business returns to profitability, Healthway will be able to write back the loans receivable. And there may be real cashflow back to Healthway.
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teeth53
Supreme |
07-Mar-2017 14:03
Yells: "don't learn through life, learn to grow with life " |
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I was trying my luck n see if I could get or not. @0.042c. Nothing to loss for me. U can oso try to buy some. good luck if can get. n let us know. 
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teeth53
Supreme |
07-Mar-2017 13:58
Yells: "don't learn through life, learn to grow with life " |
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Healthway Medical Enterprises (HME) Back, around 2010, Healthway started specialist services from scratch, hiring specialists, leasing shop space and buying equipment. The business HME, with its high capex and fixed operating costs, needed large financial support. Healthway decided to sell it with an option to buy it back. In the meantime, it extended loans, which grew to about S$65.5 million, to HME. In 2016 financial statement, Healthway made an allowance of doubtful loan and other receivables of S$15.0 million from HME. Healthway reckoned it would be able to recover about 75% of the outstanding loan and other receivables. The allowance is mainly due to the challenging operating environment, resulted in an increase in operating costs and overall underperformance results of HME&rsquo s clinics. Healthway is set to acquire HME next month (March 2017) for S$3.54 million. In fact, HME, which has reduced its losses to just about S$100,000 last year, could turn profitable in the near term.
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teeth53
Supreme |
07-Mar-2017 13:37
Yells: "don't learn through life, learn to grow with life " |
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If [email protected] cents is low n or cheap. I try q-ing to buy @0.042c for the last two days. I cannot get it. B' cos in front of my Q. Lippo is buying (think so) there' s 147 mil shr waiting to buy @0.042c
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teeth53
Supreme |
07-Mar-2017 13:29
Yells: "don't learn through life, learn to grow with life " |
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Healthway is raising S$70m from Gateway fund, and issuing notes to it, with interest being payable in kind. Contrary to a media report, the interest is not payable in cash. Instead, the principal and interest are intended to be converted into zero-coupon convertible notes within 6-months. " Zero coupon" equates to zero interest, which means Healthway pays no interest on the notes. Nor will it need to repay the principal in instalments. The notes mature in 5-yrs, at which point the entire sum is repayable together with the redemption premium of 6% internal rate of return to Gateway or the notes can be converted into equity of Healthway prior to the maturity date. To exchange all S$70m, the notes and accrued interest into zero-coupon convertible notes, Healthway will first have to seek shareholder approval at an EGM, which is expected to be held in April 2017. Shareholder support could be forthcoming since the conversion means Healthway pays no cash interest on the S$70m notes. If shareholder approval is not obtained, Healthway has to pay up to 16.5% interest a year on the S$70 million -- this is something which no shareholder in his right mind would want. Gateway is set to release the entire S$70 million sum to Healthway on 9 Mar, 2017. The annual interest rates of 12% for the first 3-mths and 16.5% for the subsequent three months look onerous. However. Healthway says they are still more favourable than terms offered by other institutions and funds, including some which wanted to privatise Healthway at low valuations. Healthway says it has S$11.5 million of loan borrowings outstanding, and is expected to repay all of them using the Gateway cash infusion.
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teeth53
Supreme |
07-Mar-2017 13:14
Yells: "don't learn through life, learn to grow with life " |
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teeth53
Supreme |
07-Mar-2017 13:03
Yells: "don't learn through life, learn to grow with life " |
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They have to deal with GW payment on n after March 9, (Thursday), and if there' s a deal. If both landed with a win win n or a good deal... They may have to halt it to announcement something, pending their this n that...(Just cross my mind)
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teeth53
Supreme |
07-Mar-2017 12:57
Yells: "don't learn through life, learn to grow with life " |
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A guess by March 28, plus open mkt purchase over last 3-day. Think Lippo want to hit 50%. Chances is not high. Unless some other bigger boy got with (SSH) dealing or better deal selling to Lippo. Then.... Lippo may have to up their px, if they bot from others SSH. And that is final offer after hitting 50%. By March 28. |
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teeth53
Supreme |
07-Mar-2017 12:51
Yells: "don't learn through life, learn to grow with life " |
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How much Lippo bot over the last 3-days, including today, from March 3. Not much at 0.042 cents. Think no willing or many is selling to Lippo at 0.042 cents.. Another 15 more days to go B4 closing offer on March 28, 17:30 pm. |
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teeth53
Supreme |
07-Mar-2017 12:44
Yells: "don't learn through life, learn to grow with life " |
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People' s who buy ONLY at 0.042c - must be from Lippo. There is anybody guess. Those paper work on offering, think nobody, esp small retailers were 1 2 go through such paper work. Just waiting for some form of anouncement by SGX on GW. Thursday, March 9, 2015. |
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yingtai
Member |
07-Mar-2017 12:06
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Better not touch this. Lippo hasnt made any update of shares acquire on this counter for the past 1 week. Sounds not right with the high volume trading before.
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nngeeh
Veteran |
07-Mar-2017 11:39
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I thought the they will need to make daily announcement ... if Lippo' s share keep going up ... might want to invest more.
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yingtai
Member |
07-Mar-2017 11:24
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Most likely is not Lippo behind. Capuld be Gateway.
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nngeeh
Veteran |
07-Mar-2017 10:33
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Does anyone know when will they start announcing the " Dealings Disclosure" and how much has Lippo accumulated so far? I thought they will need to disclose this on daily basis? |
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happyharvest
Elite |
07-Mar-2017 00:00
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someone commented Wei Yi Shi Ye being owned by Fan Kow Hin' s daughter
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newbieinvestor
Member |
06-Mar-2017 23:54
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http://www.straitstimes.com/business/healthway-medical-faces-heat-over-contentious-loans Neither HMC president Veronica Chan nor financial controller Goh Lay Lan could furnish details of the management contracts or loan terms entered into with HME or Wei Ye Shi Ye. Ms Chan joined HMC last September, Ms Goh last November. They stressed that the Gateway loan was the best they could find, as they had no properties to mortgage |
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happyharvest
Elite |
06-Mar-2017 21:20
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https://www.nextinsight.net/story-archive-mainmenu-60/939-2017/11341-healthway-medical-insights-into-its-receivables |
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happyharvest
Elite |
06-Mar-2017 13:04
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in a mess. Let Lippo clean it all up.
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newbieinvestor
Member |
06-Mar-2017 13:00
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why say run into the ground? already pokai. want to run underground? put inside 6 feet? current directors sign gateway loan is not for benefit shareholders. is for save themself. if company bankrupt, directors in big trouble. so sign gateway loan and sell company no need ask shareholders vote. gateway want to change directors so all quickly wash hand and chow far far away. i think company trouble start long time already. one year can change so many directors, ceo, fc. company not in trouble why so many company officer run away?
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