SunLink Health Systems Inc. (SSY)

[KOmani]

Quick Book Value Calculation before recent sale (as of March 31, 2016)

$20,759,000 (Total Equity) / 9,443,408 (Number of Shares outstanding)

= $2.19825 (so, about $2.20)

August 19 news
Chestatee Regional Sale

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.

What that does is increase equity.

So, instead of $20,759,000 it is now $27,759,000 (this is just accounting for the sale and not any other income/loss)

New Book Value:

$27,759,000 (Adjusted equity) / 9,443,408 (Number of Shares outstanding)

= $2.9395 (so, about $2.94 per share)