SunLink Health Systems Inc. (SSY)

[KOmani]

The Annual Report was released on Friday.

On the report they have listed the August sold assets at $7.633 Million.

At this point, it's time to update the math in the intro ... as of June 30

Total Shareholders’ Equity was $19,489,000 (Compared with $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 $2.06 (Compared with previous $2.19)

The effect of the news is to increase the Shareholder's equity by approximately $7,000,000 (unchanged at this point.)

As such, the adjusted shareholders' equity is $26,489,000 (Compared with $27,759,000)

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

This suggests an Adjusted Book Value of $2.80/share (previously $2.94/share).