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SunLink Health Systems Inc. (SSY)

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Last Post: 3/6/2017 10:42:56 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?

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 Information contained within may be outdated or irrelevant by the time you read this.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) 02/14/2018 05:50:32 PM
SSY News: SunLink Health Systems, Inc. Announces Fiscal 2018 Second Quarter Results 02/14/2018 04:10:00 PM
SSY News: Statement of Ownership (sc 13g) 02/09/2018 04:40:14 PM
SSY News: Amended Statement of Beneficial Ownership (sc 13d/a) 01/25/2018 12:24:25 PM
SSY News: Amended Statement of Changes in Beneficial Ownership (4/a) 01/24/2018 03:48:04 PM
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#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
#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
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