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healthway, healthy?
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newbieinvestor
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14-Mar-2017 09:12
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http://www.straitstimes.com/business/no-docs-at-7-family-clinics-of-troubled-healthway-group straits times say Fan Kow Hin bankrupt. so he got 17% sell to lippo? if sell and then lippo 20.53% + 17% = 37.53% can nearly 50% already? |
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chrisy1p
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13-Mar-2017 21:31
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As at 13 Mar, total share acquired is 20.53%. |
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newbieinvestor
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13-Mar-2017 17:19
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i see shareholder choice like this now. 1. GW no more whitewash waiver mean he must make MGO if convert. Now say want to change the CN A / NCN to CN B after 6 months. CN B zero coupon but pay interest 6% not zero interest you don' t confuse. CN B is 5 years bond until 2022. Convert for HMC shares pay 3.3 cents one share. GW make MGO pay 3.3 cents in 2022. You want to wait 5 year to see the GW offer 3.3 cents? 2. Lippo offer 4,2 cents one share today. No need wait 5 years. 3. You say Based on the last previous bundled / married deals from opened mkt, it range from 0.49c to 0.59c. That was how mkt players rated HMC. This bundled / married deals before company say bankrupt end March? Now you know company bankrupt you still pay this high price? 4. You don' t forget. Lippo pay 4.2 cents the money no go to company. He must also give to company extra cash money. Company say minimum $10.7m so not bankrupt. But this is only minimum. Company say for unaudited 4Q2016, the Company had S$527,000 in cash and cash equivalents against trade and other payables of S$27,726,000 as at 31 December 2016. S$10.7 million out of S$13.7 million of total debt outstanding as at 31 December 2016 is due by the end of March 2017. This mean company total payables + debt = $27.7m + $13.7m = $41m. So he say the $10.7m not enough leh. Real new cash also he got tell. He say the Company estimates that of the aggregate principal amount of S$70 million to be funded by Gateway, the Group will be setting aside S$34 million to meet its short liquidity requirements 5. Maybe Lippo pay more maybe he not. You not forget he also must keep the extra cash money to save company from go bankrupt.
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teeth53
Supreme |
13-Mar-2017 15:40
Yells: "don't learn through life, learn to grow with life " |
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If Lippo intends to stop this unfair agreement that involving the requirement to buy HME, they might want to gather more shares to vote against this. (YES. They are all for it) If they don' t need to buy over the 40+% of share from gateway. (NOT YET. GW don' t have those 40% ++) They will have the extra sum to buy more shares at higher price to control Healthway. (NO. LIppo not buying more share at higher price, except at 0.042) |
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teeth53
Supreme |
13-Mar-2017 11:10
Yells: "don't learn through life, learn to grow with life " |
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As long as GW did not give way or give up. Potentially GW can form a consortium to up their stake higher.
I'm sure BBs (oversea n/or local health players) n not so big boy, but with ton of spare money can buy / sell at 0.043c. Better then 0.042c. (Better then nothing). Since no news abt GW giving up to Lippo. I wanted to see how GW given 14-days extention, due 30-Mar-17 come out with?. (Think rightfully is goner be better their term n condition then before)
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nngeeh
Veteran |
13-Mar-2017 11:01
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I' m not familiar with the legal aspect. Can the agreement be legal binding if it is not in accordance of the Catalist Rules? As per the announcement on 11 March as indicated below, SGX highlighted that the issuance of the Initial Notes (comprising CN A and NCN) would result in a transfer of controlling interest pursuant to Rule 803 of the Catalist Rules and thus requires Shareholder' s approval.
From this aspec, if it' s against the regulation, i don' t think gateway can enforce that agreement. If not, they would have been able to transfer the fund and not needing to even revise the offer.
If Lippo intends to stop this unfair agreement that involving the requirement to buy HME, they might want to gather more shares to vote against this. If they don' t need to buy over the 40+% of share from gateway, they will have the extra sum to buy more shares at higher price to control Healthway.
Please correct me if i' m wrong.
EXCHANGE&rsquo S DIRECTIONS REGARDING THE PROPOSED ISSUANCE OF NOTES The Company has been informed on 8 March 2017 via its sponsor, PrimePartners CorporateFinance Pte. Ltd. (&ldquo Sponsor&rdquo ) that the Singapore Exchange Securities Trading Limited (&ldquo SGX-ST&rdquo ), having considered the responses from the Company to its queries of 10 February 2017, 27 February 2017, 1 March 2017, 2 March 2017 and 8 March 2017 (&ldquo SGX Queries&rdquo ) &ndash details of which are set out in Section B below, is of the view that the issuance of the Initial Notes (comprising CN A and NCN) would result in a transfer of controlling interest pursuant to Rule 803 of the Catalist Rules. Accordingly, the issuance of the Initial Notes should be subject to shareholders&rsquo approval. (&ldquo SGX Directions&rdquo )
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teeth53
Supreme |
13-Mar-2017 10:33
Yells: "don't learn through life, learn to grow with life " |
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Once shr holders (anyone) give up @0.042c. That it. U are done for. Nothing left. Nothing to says and Healthway is done for Lippo can LOL. Cheap n good.
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teeth53
Supreme |
13-Mar-2017 10:29
Yells: "don't learn through life, learn to grow with life " |
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If there a chioce. GW. LIPPO offering is take it or leave it. Mkt shr holder can always sell to them openly. I wanted to buy, but my Q is always way, very far from those BBs. Buying up at 0.042c | ||||
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teeth53
Supreme |
13-Mar-2017 10:25
Yells: "don't learn through life, learn to grow with life " |
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teeth53
Supreme |
13-Mar-2017 10:20
Yells: "don't learn through life, learn to grow with life " |
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Three shr holer reduce by 10% Isit from Fan n Fan kakis? Each is about 3.33%. So no need to declare by SGX.
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teeth53
Supreme |
13-Mar-2017 10:10
Yells: "don't learn through life, learn to grow with life " |
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At 0.42c. No news abt GW giving up their binding agreement with HMC, which is legal binding. Now GW in agreement with SGX, had 14-days to review due diligence.
Lippo offer is take it or leave it which GW did not bite Now with a competitor. GW may perhap start to review, revise better term n condition binding their agreement for HMC n may take it to the EGM. How much is worth is not review when GW wanted to loan SGD$70M?. Now GW may have to review how much is HMC to them?. Based on the last previous bundled / married deals from opened mkt, it range from 0.49c to 0.59c. That was how mkt players rated HMC. Another 14-days more to go...my thot is GW may come up with something better than nothing, to offer stake holders a better deal then the old agreement.
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Msport
Elite |
13-Mar-2017 09:47
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coy will need to approach lippo now.... |
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nngeeh
Veteran |
13-Mar-2017 09:31
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If you refer to the latest announcement... SGX stopped it. The fund was not transferred over. And SGX said they need to get shareholder' s approval. As per the announcement... Lippo is currently the biggest shareholder.
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happyharvest
Elite |
13-Mar-2017 09:26
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U prefer GW or lippo in control?
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teeth53
Supreme |
13-Mar-2017 09:19
Yells: "don't learn through life, learn to grow with life " |
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I feel GW got all ready to fund n take over HMC n HME. Then Lippo come into the picture, hoping to takeover at their price.
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nngeeh
Veteran |
13-Mar-2017 09:14
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If Healthway is able to pull through this period of lack of fund.... and the loan arrangement is blocked ..... Gateway can' t convert the shares...Lippo won' t need to spend so much to buy almost 50% shares of Gateway at 42. As the share won' t be diluted.... Lippo will be allocate the fund that is catered for Gateway to up the offer price for other retailers. If there is an egm to vote for approval of loan to Gateway... I am sure many will turn up to block it just like IHC.
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newbieinvestor
Member |
13-Mar-2017 08:41
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· for unaudited 4Q2016, the Company had S$527,000 in cash and cash equivalents against trade and other payables of S$27,726,000 as at 31 December 2016. · Company has been unable to fully pay staff and doctor salaries for February 2017 totalling S$5.4 million. · Company has historically not been able to collect its trade receivables quickly even after engaging debt collection agencies to assist with the collection, with an average aging of receivables of approximately 106 days. · Disregarding (i) allowances for doubtful, loan and other receivables, (ii) impairment of goodwill, (iii) other operating income from HME and (iv) gain on disposal of available-forsale financial assets, net profit/(loss) attributable to shareholders would have been S$(5.4) million in FY2014, S$(0.7) million in FY2015 and S$0.1 million in FY2016. - why his real profit/(loss) very different from his report to SGX profit/(loss)? like that also can meh? · Other than the weak financial condition of the Company that has caused it to be unable to obtain financing from new banks and financial institutions and additional financing from existing financiers, the Company was also plagued by negative publicity due to the SGXST&rsquo s &ldquo trade with caution&rdquo announcement issued to the public on 9 September 2015 regarding International Healthway Corporation Limited&rsquo s (&ldquo IHC&rdquo ) shares, as the controlling shareholders of the Company were the same controlling shareholders of IHC at the relevant time. - jialat this controlling shareholders damn lousy one. two two company also got problem. got SGX warning, got police report, EGM got fighting, two two company also got cashflow problem. SGX never investigate properly? Why he ask investigate the Party B China loan he never ask investigate the Party A HME loan? · some of the Group&rsquo s current lenders have become more cautious and requested for repayment of the existing loans. The recent S$3.0 million of loans which the Company has managed to secure so far in 2017 (as mentioned in paragraph 12.3 below), are short-term (with a tenure of 5 to 6 weeks at effective interest rates (after upfront and service fees) of 26% to 46% per annum). S$10.7 million out of S$13.7 million of total debt outstanding as at 31 December 2016 is due by the end of March 2017. - wha which director responsbile for ah long loan? SGX never investigate? How can listed company borrow ah long? why never borrow bank? |
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nngeeh
Veteran |
12-Mar-2017 17:09
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Need to support Lippo to take control.... remove the directors.... investigate the suspious loans.....and also investigate the directors. Will need to recover the loans.
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newbieinvestor
Member |
12-Mar-2017 16:50
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becos after the HMC buy the HME then the loan is disappear already. no need pay back one. if Lippo buy maybe he ask to pay back the loan to party A. still got balance $49m? HMC already do like this last time. you can see from 2013 annual report 14. Loan receivables (continued) Loan C In 2012, the unsecured loan was denominated in Singapore dollars. The floating-rate interest is based on DBS Bank Ltd&rsquo s Prime rate, adjusted on an annual basis. At balance sheet date, the loan bears interest at nil% (2012: 4.25%) per annum. The borrower was a company that owned medical clinics in Singapore. Under the loan agreement, the Group provides long term funding for the development, set up and operations of the medical clinics. During the year, the Group acquired the borrower and this loan became a loan between group entities which has been eliminated in the preparation of the consolidation financial statements.
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nngeeh
Veteran |
12-Mar-2017 16:46
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I think the shareholders should challenge the latest financial report. I don' t agreed that the loans to party A & B including HWE should be classified as impairment. It shouldn' t be written off. They should seek to recover the loans through legal means.
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