So what seems like a never ending takeover proposal continues to get interesting. Roughly 9 months ago PSQ received a takeover offer of $1.40 from Genesis Capital. This has been bumped up several times and today NDC have lobbed a $2.05 offer on the table and the board has subsequently recommended the new offer. It will be interesting to see what Genesis do as this is quite a significant bump in price from $1.40 that was initially offered. Either way they have done well as their current holding has significanlty been boosted in value.

Pacific Smiles Group Limited – Half Year Results to 31 December 2020

Key financial highlights

The key financial highlights from the results include: -

~ Patient Fees generated by the dental practitioners working at dental centres owned and operated by Pacific Smiles were $121.7 million, up 15.5% on the prior period

~ Revenue of $78.4 million, up 14.9% on the prior period

~ Same centre Patient Fees grew 13.2% for the period • EBITDA (underlying) of $21.2 million, up 64.7% on the prior period

~ NPAT (underlying) of $10.4 million, up 106.6% on the prior period

~ 8 new Pacific Smiles Dental centres opened in H1 2021, bringing the total to 102 centres as at 31 December 2020

~ Interim dividend of 2.4 cps (fully franked) declared (H1 2020: 2.4 cps)