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SunLink Health Systems Inc. (SSY)

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Last Post: 10/27/2021 4:14:50 PM - Followers: 9 - 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?

Annual Report (10-K) just released on September 30 for the year ended June 30, 2016)

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

At this point, it's time to update the math

Total Shareholders’ Equity was $19,489,000

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

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

As such, the adjusted shareholders' equity is $26,489,000

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

This suggests an Adjusted Book Value of $2.80/share. This is revised down from $2.94 from the previous quarterly report (see post 165 for comparison).

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.

Moderator has attempted contact with company, but has received no response.

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 Information contained within may be outdated or irrelevant by the time you read this.

Last updated: 01 October 2016
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SSY News: Quarterly Report (10-q) 05/16/2022 12:29:22 PM
SSY News: SunLink Health Systems, Inc. Announces Fiscal 2022 Third Quarter Results and COVID-19 Update 05/16/2022 12:09:00 PM
SSY News: Quarterly Report (10-q) 02/14/2022 11:44:50 AM
SSY News: SunLink Health Systems, Inc. Announces Fiscal 2022 Second Quarter Results and COVID-19 Update 02/14/2022 11:15:00 AM
PostSubject
#199   What happened, filled @ $2.39 Porterhouse10 10/27/21 04:14:50 PM
#198   dip added some 2.47 stock1ace1 10/26/21 02:12:16 PM
#197   bottom of coil loading more here $2.52 stock1ace1 10/22/21 11:15:46 AM
#196   bidding more today & tomorrow stock1ace1 10/20/21 09:41:13 AM
#195   Chugga Chugga choo choo MF'er $SSY Porterhouse10 10/19/21 01:24:09 PM
#194   chart is super bullish stock1ace1 10/19/21 09:08:47 AM
#193   Damn, that was 8 years ago.. PyschoNoobStock 10/19/21 08:28:28 AM
#192   Looks super ready and popped up a hair Porterhouse10 10/18/21 03:56:17 PM
#191   ssy ***Coil about to pop *** https://stockcharts.com/h-sc/ui?s=ssy stock1ace1 10/18/21 11:12:29 AM
#190   Looks prime, still in Baby! Porterhouse10 10/12/21 07:20:02 PM
#189   *** $2.57 Buy Confirmed Today ***—> https://www.americanbulls.com/m/SignalPage.a stock1ace1 10/12/21 07:13:04 PM
#188   Keep marching North Baby Porterhouse10 08/31/21 01:59:54 PM
#187   Puppies on the move! Porterhouse10 08/20/21 06:14:35 AM
#186   Just bought some Ashl Porterhouse10 08/10/21 11:41:37 PM
#185   Who's buying now? Chart is a Monsta! Porterhouse10 07/23/21 09:13:34 PM
#184   $3.05 buy confirmed @~> https://www.americanbulls.com/m/SignalPage.aspx?lang=en& stock1ace1 06/24/21 06:49:22 PM
#183   You still here watch it tomorrow stock1ace1 06/24/21 06:48:28 PM
#182   Ssy bullish $3.03 https://stockcharts.com/h-sc/ui?s=Ssy stock1ace1 06/24/21 06:48:08 PM
#181   * * $SSY Video Chart 05-05-2021 * * ClayTrader 05/05/21 05:12:11 PM
#180   And Wednesday delivers..... davidsson10 05/05/21 05:02:43 PM
#179   $NMRD $SSY $ISNS BOOM WATCH OUT FOR THAT moetser 05/05/21 01:29:42 PM
#178   * * $SSY Video Chart 03-16-2021 * * ClayTrader 03/16/21 04:19:10 PM
#177   $SSY is screaming for the top after announcing AlphaStockNews 03/16/21 08:30:22 AM
#176   Sunlink Health Systems Inc glens0 01/13/21 05:27:13 AM
#175   Joke Offer. PROOF below. KOmani 03/06/17 10:42:56 PM
#174   Well, I understand that management would like to KOmani 02/22/17 11:52:05 PM
#173   KOmani, the tender offer has been extended to 2/24/2017 malp2009 02/21/17 05:12:42 PM
#172   Someone should explain the meaning of fiduciary to malp2009 02/21/17 05:04:11 PM
#171   Also note: KOmani 02/18/17 08:10:36 AM
#170   From the Second Quarter Financials: KOmani 02/18/17 07:59:26 AM
#169   Of course, management only give 124,402 of their KOmani 02/04/17 11:51:35 AM
#168   What a joke offer by management. KOmani 01/13/17 08:46:07 PM
#167   I still like this stock. KOmani 11/27/16 04:45:22 PM
#166   SSY bullish 1.31 stocktrademan 10/08/16 12:26:24 PM
#165   The Annual Report was released on Friday. KOmani 10/01/16 12:22:22 PM
#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
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