APM - APM Human Services International

[System]

Founded in 1994 in Perth, Western Australia, APM is an international human services provider with the purpose of “Enabling Better Lives”.

Each financial year, APM supports more than one million people of all ages and stages of life through its service offerings which include assessments; allied health and psychological intervention; medical, psycho-social and vocational rehabilitation; vocational training and employment assistance; and community-based support services.

With 800 sites spanning 10 countries (Australia, United Kingdom (UK), Canada, United States of America (USA), New Zealand, Germany, Switzerland, Spain, Singapore, South Korea), APM’s more than 7,000 team members work to enhance community health and wellbeing, delivering services to clients across the early childhood, youth, employment, insurance, justice, veterans, disability, and aged care sectors.

APM listed on the ASX on 12 November 2021.

Help to Find a Job, Return to Work or Live More Independently

If you want to find a job, return to work or live more independently, youre in the right place. APM is a trusted provider of job seeker programs, disability employment services, workplace health and home assessments to thousands of Australians every year.

apm.net.au

 

[Dona Ferentes]

Not yesterday. but it will be today

Listing date	12 November 2021 12:00 PM AEDT ##
Contact details	https://apm.net.au/ Ph: (08) 9463 1300
Principal Activities	Provision of health and human services
GICS industry group	TBA
Issue Price	AUD 3.55
Issue Type	Ordinary Fully Paid Shares
Security code	APM
Capital to be Raised	$982,100,000
Expected offer close date	10 November 2021
Underwriter	Fully underwritten by joint lead managers. Goldman Sachs Australia Pty Ltd, UBS AG, Merrill Lynch Equities (Australia) Limited and Credit Suisse Equities (Australia) Limited (Joint Lead Managers)

 

[IvoryWolf]

Surprisingly, there's been absolutely zero coverage of this company on this web-site (that I can see) considering the recent run over the past month as the share price has been 'barrelling out a bottom' and the bearish sentiment has been waning.

Detected in the latest scan for the week (detailed commentary provided within the commentary available in the video below), APM represents a potential bullish opportunity should momentum continue and newer highs be made past the current position. As described in the analyses of the week, the previous bearish trade (which was successful recently) has subsided, which adds further impetus to this potential trade.

 

[IvoryWolf]

Feel free to keep updated in the progress of the trade here:

 

[peter2]

Nice trade until $hit happens.

 

[peter2]

Have we hit the bottom yet?

Recent cuts to APM targets are now 50% higher than the current price. Value? Why aren't these guys buying?

 

[Smurf1976]

Have we hit the bottom yet?

Down almost 40% today and now sitting on about 80c.

Is this the bottom now?

Not holding, it just came to my attention.

 

[Dona Ferentes]

Down almost 40% today and now sitting on about 80c.

Is this the bottom now?

sproing.

up as high as $1.44 on the gossips, and closed with a 45 per cent lift

.

 

[Smurf1976]

up as high as $1.44 on the gossips, and closed with a 45 per cent lift

And back down again. Down 29.45% from $1.63 (previous close) to $1.15 (today's close).

Because (quoting from the ASX announcement):

As advised in APM’s trading halt request on 28 March 2024, the Company received a letter from CVC Asia Pacific Limited (CVC) advising that it was unable to proceed to finalise a transaction on terms consistent with their non-binding offer as disclosed. This coincided with the end of CVC’s exclusivity period.

There is however another proposal:

APM subsequently received a non-binding indicative proposal from funds controlled by MDP to acquire all of the shares in APM which it does not already hold for $1.40 cash per share by way of a scheme of arrangement under Part 5.1 of the Corporations Act 2001 (Cth) (the MDP Proposal).

 

[System]

On October 11th, 2024, APM Human Services International Limited (APM) was removed from the ASX's Official List in accordance with Listing Rule 17.11, following implementation of the scheme of arrangement between APM and its shareholders in connection with the acquisition of all the issued capital in APM by AncoraBidCo Pty Ltd.