SureTrader SureTrader
Home > Boards > US Listed > Medical - Healthcare >

SunLink Health Systems Inc. (SSY)

SSY RSS Feed
Add SSY Price Alert      Hide Sticky   Hide Intro
Moderator: KOmani
Search This Board:
Last Post: 9/17/2016 12:43:03 PM - Followers: 7 - Board type: Free - Posts Today: 0
Here is the news that is moving the stock recently:

http://www.businesswire.com/news/home/20160819005694/en/SunLink-Health-Systems-Subsidiary-Sells-Chestatee-Regional

ATLANTA--(BUSINESS WIRE)--SunLink Health Systems, Inc. (NYSE:MKT: SSY) today announced that a subsidiary has sold its Chestatee Regional Hospital in Dahlonega, GA for approximately $15,000,000. The company expects to recognize an after tax gain (utilizing available net operating loss carry-forwards) of approximately $7,000,000 on the transaction which closed on August 19, 2016. A portion of the proceeds will be allotted for the payment of debt and the balance will be retained for working capital and general corporate purposes.

What is the effect?

As of the last quarterly report (10-Q) as of March 31, 2016

Total Shareholders’ Equity was $20,759,000

As there has been no dilution, the number of shares outstanding is 9,443,408.

Quick math suggested that the book value was $2.19

The effect of the news is to increase the Shareholder's equity by approximately $7,000,000

As such, the adjusted shareholders' equity is $27,759,000

Again, no dilution, so the number of shares outstanding is still 9,443,408.

This suggests an Adjusted Book Value of $2.94/share.

Also note that the company has mentioned the possibility of a share buyback or a dividend in regards to funds from a smaller business deal.

NOTE: The information above is just quick math based on what the company has released to the public. The moderator is posting this as a quick primer as to why the stock may be moving. Do your own research and due diligence before making any decisions. Information contained within may be outdated or irrelevant by the time you read this. Based on prior filings, The Annual report (which goes to June 30, 2016) is expected in late September.

Last updated: 28 August 2016
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
SSY
Current Price
Volume:
Bid Ask Day's Range
SureTrader
SSY News: Proxy Statement - Notice of Shareholders Meeting (preliminary) (pre 14a) 09/23/2016 03:08:36 PM
SSY News: Statement of Changes in Beneficial Ownership (4) 09/13/2016 06:32:08 PM
SSY News: Statement of Changes in Beneficial Ownership (4) 09/13/2016 06:29:13 PM
SSY News: Statement of Changes in Beneficial Ownership (4) 09/13/2016 06:26:04 PM
SSY News: Statement of Changes in Beneficial Ownership (4) 09/13/2016 06:23:43 PM
PostSubject
#164   This week they gave Directors some nice options. KOmani 09/17/16 12:43:03 PM
#163   I am still holding my shares, however, when KOmani 09/08/16 09:23:26 PM
#162   SSY bullish 1.19 stocktrademan 09/05/16 04:05:49 PM
#161   Nice shake and bake (rise) happening. KOmani 08/31/16 10:03:56 AM
#160   Nice dip to see if any stops were KOmani 08/30/16 11:23:18 AM
#159   Looking for check mark action. KOmani 08/29/16 08:04:10 AM
#158   Hello all, I placed the relevant news and KOmani 08/28/16 01:25:44 PM
#157   Shorts dropped this on less than 20k volume. KOmani 08/26/16 01:38:15 PM
#156   Float getting locked up and new buyers looking KOmani 08/26/16 10:05:12 AM
#155   $2.90 Adjusted Book Value per share. KOmani 08/26/16 08:07:10 AM
#154   * * $SSY Video Chart 08-25-16 * * ClayTrader 08/25/16 05:24:03 PM
#153   Looks like strong support in the 1.30's Hold Love4Money 08/25/16 01:59:42 PM
#152   With the recent sale of a property, book KOmani 08/25/16 01:27:15 PM
#151   What's good with this puppy... Love the chart silkyballer 08/25/16 11:09:30 AM
#150   Shorts playing with fire here. KOmani 08/25/16 11:06:35 AM
#149   Damn bro. KOmani 08/25/16 09:56:38 AM
#148   If anyone likes the post I made, you KOmani 08/25/16 09:39:52 AM
#147   Good volume and we held $1 KOmani 08/24/16 05:50:18 PM
#146   Looking to hold $1. KOmani 08/24/16 08:58:58 AM
#145   Upcoming expected news: KOmani 08/23/16 07:17:31 AM
#144   From quarterly report: KOmani 08/23/16 07:08:09 AM
#143   Stock Price was depressed due to uncertainty of KOmani 08/23/16 07:03:24 AM
#142   Quick Book Value Calculation before recent sale (as KOmani 08/23/16 06:55:53 AM
#141   I have done a little bit of digging. KOmani 08/23/16 01:42:34 AM
#140   You think it's toast? KOmani 08/22/16 01:33:15 PM
#139   Ya i didnt get much out of it. Moto260 08/22/16 01:06:43 PM
#138   Interesting. Seems to have found a bottom and is bouncing. KOmani 08/22/16 12:29:27 PM
#137   How exciting. Everyon rdy for the bounce Moto260 08/22/16 10:06:06 AM
#136   $SSY looks like it could breakout soon, solid SPM555 08/18/15 12:13:42 AM
#135   triangle showing up 70% chance of breakout Lordcrom 04/25/14 11:32:36 AM
#134   this stock needs a good pump Lordcrom 04/16/14 12:09:00 PM
#133   Yes, it coming back up.. PyschoNoobStock 03/04/14 01:33:51 PM
#132   SSY 1.42 ~ Blue ~ 03/04/14 12:07:27 PM
#131   Up 28% PyschoNoobStock 02/24/14 11:28:13 AM
#130   Not so SaSSY today. willlbone 02/13/14 02:00:43 PM
#129   Did you see something odd in L2.. look PyschoNoobStock 01/28/14 11:34:33 AM
#128   http://www.barchart.com/opinions/stocks/SSY hotrod202 01/26/14 12:56:02 PM
#127   thumbs up $ hotrod202 01/24/14 04:32:38 PM
#126   great make money bud:)) you are a smart investor.. ~ Blue ~ 01/24/14 04:10:17 PM
#125   Sweet.. Im still holding this.. My price target PyschoNoobStock 01/24/14 04:08:36 PM
#124   SSY 1.32 >>>>>>>>> ~ Blue ~ 01/24/14 03:52:12 PM
#123   SSY still holding half of my shares another ~ Blue ~ 01/24/14 03:51:42 PM
#122   Finally at last! PyschoNoobStock 01/24/14 01:51:20 PM
#121   Anyone still holding this? JohnMalkovich 01/24/14 01:45:07 PM
#120   Limit Order Executed: SSY - 01:07:49 Bought @ JJ8 11/19/13 01:36:13 PM
#119   SSY lets see 1 dollar plus this week.. ~ Blue ~ 11/18/13 08:39:19 AM
#118   SSY closed at .90 great week... ~ Blue ~ 11/15/13 08:45:27 PM
#117   SSY closed over 200 ma awesome... ~ Blue ~ 11/14/13 06:38:51 PM
#116   someone slapped and got until 90 cents.. ~ Blue ~ 11/14/13 05:52:15 PM
#115   great loading closed at 90 cents.. ~ Blue ~ 11/14/13 04:05:27 PM
PostSubject