For shareholders and supporters of Healthway, I have this word of caution for you. The 3-year service agreement for many doctors who are previously tied to Healthway when they went for listing, are up. This means, that doctors who are unhappy under Healthway may now be able to severe their ties with the Company and continue their practice elsewhere. Given that the share price is still under the IPO price, which was the price that many doctors took their shares. I expect a lot of upset doctors in the Company. Does the Company need to make announcement when their doctors leave? I have no idea but I am expecting a severe decline in their revenue and profit for FY2010 and beyond. Good luck.
Just noticed the stock is heavily traded this morning and is firm at 9.3-9.4 cents. And after so long, it's good to check MacGyver's prediction. Actually, Healthway did suffer a bad year in 2010 with only $2.5 m net profit compared to $15.2 m in 2009. But 2011 was a stronger year as net profit reached $3.9 m in 9 months of 2011. When will the full yr results come out?
Healthway is going to distribute in specie shares of HMD to Healthway shareholders. I may have missed the info but does anyone know which bourse HMD will be listed?
Logically the HMD listing should be in Singapore, or else the shares will be difficult to trade for Healthway shareholders. Despite a high PE of 50+, this stock is on the uptrend. Anyone can suggest why? Now at 9.9 cents.
Re-initiate with BUY, TP S$0.116. Applying the DCF-methodology, we arrive at a TP of S$0.116, implying a 26% upside from current levels. Healthway’s share price has been badly hit, when it could not meet expectations during the past year. We think it has reached its trough and it could be time to re-look this private healthcare provider that has a large network of primary and specialist clinics.
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