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Created: 01/16/2011 03:03:37 AM - 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 Information contained within may be outdated or irrelevant by the time you read this.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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#199
What happened, filled @ $2.39 Porterhouse10 10/27/2021 04:14:50 PM
#198
dip added some 2.47 stock1ace1 10/26/2021 02:12:16 PM
#197
bottom of coil loading more here $2.52 stock1ace1 10/22/2021 11:15:46 AM
#196
bidding more today & tomorrow stock1ace1 10/20/2021 09:41:13 AM
#195
Chugga Chugga choo choo MF'er $SSY Porterhouse10 10/19/2021 01:24:09 PM
#194
chart is super bullish stock1ace1 10/19/2021 09:08:47 AM
#193
Damn, that was 8 years ago.. PyschoNoobStock 10/19/2021 08:28:28 AM
#192
Looks super ready and popped up a hair Porterhouse10 10/18/2021 03:56:17 PM
#191
ssy ***Coil about to pop *** https://stockcharts.com/h-sc/ui?s=ssy stock1ace1 10/18/2021 11:12:29 AM
#190
Looks prime, still in Baby! Porterhouse10 10/12/2021 07:20:02 PM
#189
*** $2.57 Buy Confirmed Today ***—> https://www.americanbulls.com/m/SignalPage.a stock1ace1 10/12/2021 07:13:04 PM
#188
Keep marching North Baby Porterhouse10 08/31/2021 01:59:54 PM
#187
Puppies on the move! Porterhouse10 08/20/2021 06:14:35 AM
#186 Just bought some Ashl Porterhouse10 08/10/2021 11:41:37 PM
#185 Who's buying now? Chart is a Monsta! Porterhouse10 07/23/2021 09:13:34 PM
#184 $3.05 buy confirmed @~> https://www.americanbulls.com/m/SignalPage.aspx?lang=en& stock1ace1 06/24/2021 06:49:22 PM
#183 You still here watch it tomorrow stock1ace1 06/24/2021 06:48:28 PM
#182 Ssy bullish $3.03 https://stockcharts.com/h-sc/ui?s=Ssy stock1ace1 06/24/2021 06:48:08 PM
#181 * * $SSY Video Chart 05-05-2021 * * ClayTrader 05/05/2021 05:12:11 PM
#180 And Wednesday delivers..... davidsson10 05/05/2021 05:02:43 PM
#179 $NMRD $SSY $ISNS BOOM WATCH OUT FOR THAT moetser 05/05/2021 01:29:42 PM
#178 * * $SSY Video Chart 03-16-2021 * * ClayTrader 03/16/2021 04:19:10 PM
#177 $SSY is screaming for the top after announcing AlphaStockNews 03/16/2021 08:30:22 AM
#176 Sunlink Health Systems Inc glens0 01/13/2021 05:27:13 AM
#175 Joke Offer. PROOF below. KOmani 03/06/2017 10:42:56 PM
#174 Well, I understand that management would like to KOmani 02/22/2017 11:52:05 PM
#173 KOmani, the tender offer has been extended to 2/24/2017 malp2009 02/21/2017 05:12:42 PM
#172 Someone should explain the meaning of fiduciary to malp2009 02/21/2017 05:04:11 PM
#171 Also note: KOmani 02/18/2017 08:10:36 AM
#170 From the Second Quarter Financials: KOmani 02/18/2017 07:59:26 AM
#169 Of course, management only give 124,402 of their KOmani 02/04/2017 11:51:35 AM
#168 What a joke offer by management. KOmani 01/13/2017 08:46:07 PM
#167 I still like this stock. KOmani 11/27/2016 04:45:22 PM
#166 SSY bullish 1.31 stocktrademan 10/08/2016 12:26:24 PM
#165 The Annual Report was released on Friday. KOmani 10/01/2016 12:22:22 PM
#164 This week they gave Directors some nice options. KOmani 09/17/2016 12:43:03 PM
#163 I am still holding my shares, however, when KOmani 09/08/2016 09:23:26 PM
#162 SSY bullish 1.19 stocktrademan 09/05/2016 04:05:49 PM
#161 Nice shake and bake (rise) happening. KOmani 08/31/2016 10:03:56 AM
#160 Nice dip to see if any stops were KOmani 08/30/2016 11:23:18 AM
#159 Looking for check mark action. KOmani 08/29/2016 08:04:10 AM
#158 Hello all, I placed the relevant news and KOmani 08/28/2016 01:25:44 PM
#157 Shorts dropped this on less than 20k volume. KOmani 08/26/2016 01:38:15 PM
#156 Float getting locked up and new buyers looking KOmani 08/26/2016 10:05:12 AM
#155 $2.90 Adjusted Book Value per share. KOmani 08/26/2016 08:07:10 AM
#154 * * $SSY Video Chart 08-25-16 * * ClayTrader 08/25/2016 05:24:03 PM
#153 Looks like strong support in the 1.30's Hold Love4Money 08/25/2016 01:59:42 PM
#152 With the recent sale of a property, book KOmani 08/25/2016 01:27:15 PM
#151 What's good with this puppy... Love the chart silkyballer 08/25/2016 11:09:30 AM
#150 Shorts playing with fire here. KOmani 08/25/2016 11:06:35 AM
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