HLS - Healius Limited

Healius just torched it's shareholders by raising capital at massive discount to last close. Now -32%.

peter2 said:

Healius just torched it's shareholders by raising capital at massive discount to last close. Now -32%.

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yes i had noticed , another bullet dodged , i exited in the early stages of the take-over bidding ( i needed the CASH for a different project )

normally i would be receptive of a scrip take-over deal

however since i got out clean ( with a modest profit )

i am wondering if i should break out the calculator again , since it is a $2 discount to my exit price

i am still looking for 'healthcare exposure ' but crikey some of those debt levels

divs4ever said:

yes i had noticed , another bullet dodged , i exited in the early stages of the take-over bidding ( i needed the CASH for a different project )

normally i would be receptive of a scrip take-over deal

however since i got out clean ( with a modest profit )

i am wondering if i should break out the calculator again , since it is a $2 discount to my exit price

i am still looking for 'healthcare exposure ' but crikey some of those debt levels

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Brave.

Very brave, though you never know with stocks.

Healius atm seems like a feeding trough for well-heeled refugees from the private schools of Sydney and that beacon of good corporate governance that was Qantas.

gg

Garpal Gumnut said:

Brave.

Very brave, though you never know with stocks.

Healius atm seems like a feeding trough for well-heeled refugees from the private schools of Sydney and that beacon of good corporate governance that was Qantas.

gg

Click to expand...

well the community seems to be getting unhealthier , BUT which will be survivors , and which will actually be a winner ( maybe a 20% capital gain in the next 2 years with interest rates as they are

still haven't set a target price yet ( for HLS ) but sub $1 crikey i am liable to be tempted

Healius announces Trading Update for FY 2024

Healius Limited (ASX: HLS) today announced a trading update for FY 2024 and now expects:
• Underlying FY 2024 Earnings Before Interest Tax and Depreciation (EBITDA) of between$345 million - $350 million; and
• Underlying FY 2024 Earnings Before Interest and Tax (EBIT) of between $60 million - $65million.

Improving Pathology volumes for the half year to date have been offset by lower than expected average fees due to the softer GP market, and general inflationary pressures.

Pathology volumes for January to May have increased by 3.9% on pcp.

The transformation program for Pathology is well underway and the company expects to marginally exceed the $15m targeted net savings for FY24.

Lumus Imaging and Agilex Biolabs have continued to perform well and in line with company expectations.

ENDS

i hold HLS

gee does that $1 top up target look possible soon ??

i guess time will tell

Healius has received two non-binding indicative bids for its Lumus Imaging business at around $700 million

Sale of Lumus Imaging to Affinity Equity Partners

• Sale of Lumus Imaging for enterprise value of $965.0 million
• Completion anticipated to occur in 1Q CY2025, subject to satisfaction of certain conditions
• Proceeds from the sale will be used to reduce debt, support strategic execution in Pathology and return cash to shareholders

Healius Limited (“Healius”) (ASX: HLS) today announced it has entered into a binding agreement to sell its Lumus Imaging (“Lumus”) subsidiary to funds managed by Affinity Equity Partners for an enterprise value of $965 million on a cash, debt and equipment-lease free basis (the “Transaction”).
The Transaction is expected to result in net transaction proceeds of $835 million after the repayment of equipment leases and any closing adjustments1 and in excess of $800 million post transaction fees,separation costs and other fees.

The final proceeds will not be determined until the close of the Transaction in 1Q CY2025.
Healius does not expect to incur any tax in relation to the Transaction.
On a pre-AASB16 basis, the Transaction represents a multiple of 17.0x FY2024 EBITDA2 and 25.4xFY2024 EBIT3.

Key terms of the Transaction

The Transaction remains subject to customary conditions, including approval by the Foreign Investment Review Board.
The Transaction is not subject to financing. Subject to satisfaction of all conditions precedent, completion is expected to occur in 1Q CY2025.
To support the separation and ensure continuity for Lumus’ doctors and patients, Healius will provide Lumus with a range of transitional services, including certain IT services on commercial arm’s-length terms for a period of twelve months following completion.

Strategic rationale

As first announced in March 2024, Healius undertook a strategic review of its structure and assets with the objectives of maximising value for Healius’ shareholders while at the same time ensuring a sustainable capital structure supportive of investment and the ongoing growth in Healius’ operations.1
Closing adjustments relate primarily to working capital, lease balances and capex.2
Lumus segment underlying EBITDA of $97.3 million (post AASB 16) less AASB 16 property and equipment lease impact equating to (pre AASB 16) underlying EBITDA of $51.3 million3
Lumus segment underlying EBIT of $41.9 million (post AASB 16) less AASB 16 property and equipment lease impact equating to (pre AASB 16) underlying EBIT of $34.4 million

part of a longer release

i hold HLS

hmmm

decisions , decisions

( do nothing , reduce if a rally , or add more is a significant dip , or just hit the exit since i am about 20 cents a share in front )

Healius Upgraded To Neutral at JPMorgan​

and i took the profit ( and exited ) for about a 32 cent per share profit