Healius rejects takeover offer from ACL
No surprises given that it was all scrip with hardly any premium
Bit of an overreation in the share price today.
[held]
Nearly got the call correct... Article from the Australian 30 Jan 23
Frankly was surprised by the David V Goliath move from ACL. And more surprised the price held up today.
[held]
Escrow shares sold 22 February.
Probably explains the dump on the 22 February to $3.18 before the share price recovered.
See announcement below regarding Escrow shares.
Would be interesting to see who bought those shares.
[held]
Adding to the last straw some of my thoughts
Covid revenue declined 83% on PCP (271=>45)
Non Covid (BAU) revenue up 18% on PCP (305=> 258)
Total revenue down 33.9% on PCP (1hfy22) (529=>350)
So I guess maybe we are starting to see some normalization ex covid revenue of around 350m if non-covid side keeps growing at double digit rates.
Not sure what to make of this though - increase in borrowing from FY22 to 65.9m
I was sure that Crescent capital certainly wouldn't offload at $3, but maybe after this 10% spike they will. Think the share price might have overdone itself today.
Was too late adding to the Strawman.
[held]
Although Crescent Capital's shares are coming out of escrow, I'm going on the record and cast doubt if they will sell any more as claimed by @ValueDownunder
Crescent released 2 announcements on 12-aug-22 so it is likely everyone got their communication mixed up. So everyone focused on the second letter and not the first shown above.
But then again, anything is possible with private equity.
Looks really cheap now.
Pretty much old news. NED (Non executive director) selling
[H]
Over the last 2 days, ACL share price dropped on release of the FY22 results which appear to be below expecations.
Margin fell to 17.2% for 2HFY22. A big drop from 1HFY22.
Also earnings will come down by a large margin in the future (almost halved from last period - see the second image)
Seems like non covid earnings will grow but at slower rate.
Only positive was large dividend payout of 41c (taking total full year div of 53c). EPS of 88c (as highlighted before). So overall payout of 60% for the full year.
[Held]
