Promisia Integrative Limited (PIL)

[Pegasus2000]

http://www.sharechat.co.nz/article/e6805e0c/promisia-healthcare-limited-nzx-phl-minimum-holdings-notice.html?utm_source=ST&utm_medium=email&utm_campaign=ShareTrader+AM+Update+for+Wednesday+1 7+February+2021

PROMISIA HEALTHCARE LIMITED (NZX: PHL) MINIMUM HOLDINGS NOTICE

Tuesday 16th February 2021
Text too small? (http://www.sharechat.co.nz/text-too-small.html)


Promisia Healthcare Limited wishes to advise the market that it intends to exercise a power of sale of shares held by persons with less than a Minimum Holding.Under PHL’s constitution and the NZX Listing Rules, PHL is permitted to exercise a power of sale of shares held by any person with less than a Minimum Holding. The Board has determined that it will exercise its power of shares held by any person with less than $1,000 of shares calculated at a price per share of $0.002 being the Average Market Price of PHL’s shares based on a Relevant Date of 15 February 2021.In accordance with clause 9 of PHL’s constitution and NZX Main Board Listing Rule 4.9(c), the Board gives notice to shareholders that at the expiration of three months after this notice, being 16 May 2021 (Expiry Date), the Board will, unless shareholders increase their shareholding to more than $1,000 of shares (calculated at the price per share of $0.002), exercise the power of sale of individual holdings of less than $1,000 of shares in the manner described below.PHL will acquire the shares and cancel them. The price paid per share will be equal to the volume weighted average price of a share on the NZX Market over the 20 business day period preceding the day the shares are acquired by PHL. PHL will deduct its reasonable expenses from those proceeds and then account to affected shareholders with the net proceeds in accordance with its constitution.PHL will make a share purchase plan offer to all shareholders in March 2021 where shareholders can, subject to scaling, acquire up to $15,000 of shares in PHL at $0.001 per share (SPP). Participation in the SPP will provide shareholders with a brokerage free opportunity to increase their shareholding if they hold less than a Minimum Holding.Shareholders with fewer than $1,000 of shares have three months to make a decision in respect of their small shareholdings by choosing one of the following options:Option 1: Do nothing and PHL will acquire your shares.After the Expiry Date, PHL will acquire your shares through an off-market share buyback. The price paid per share will be equal to the volume weighted average price of a share on the NZX Market over the 20 business day period preceding the day the shares are acquired by PHL.PHL will then deduct its reasonable expenses from your proceeds and account to you with your net proceeds in accordance with its constitution. The proceeds will be deposited into the bank account that Link Market Services has on record for you. You should therefore ensure these details are up to date. Bank account details can be updated online by visiting the Link Investor Centre at www.linkmarketservices.co.nz (http://www.linkmarketservices.co.nz/).Option 2: Increase your shareholding.Purchase additional shares to increase your holding to $1,000 of shares or more (calculated at a price per share of $0.002). Participation in the SPP will provide shareholders the opportunity to increase their shareholding. Other than the SPP, PHL is providing no other facility for this and you may have to pay brokerage fees if you choose to increase your shareholding by purchasing shares on-market.Shares purchased under the SPP or through any other facility must be registered in the same holding as your existing shares. The purchase of additional shares must be settled prior to the Expiry Date. If your shareholding meets the $1,000 threshold by 5pm on the Expiry Date, your shares will not be sold.Please see the link below for details:Minimum Holdings Notice (http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/PHL/367658/340399.pdf)

[Jantar]

I suspect the minimum holding requirement is to enable a future consolidation to bring the SP up to more tradeable prices. At present a 0.1 c change represents 50% of the market price. A 100 for 1 consolidation would put it at 20c and allow sales at 19.9 c or 20.5 c.

[tango]

Makes sense to consolidate. The retirement sector is usually profitable but the management team don’t appear to have any expertise in this field or am I missing something?

[artemis]

Makes sense to consolidate. The retirement sector is usually profitable but the management team don’t appear to have any expertise in this field or am I missing something?

You are missing something. Or rather someone - Thomas Brankin.

[Pegasus2000]

http://www.sharechat.co.nz/article/8c564674/promisia-healthcare-limited-nzx-phl-share-purchase-plan.html?utm_source=ST&utm_medium=email&utm_campaign=ShareTrader+AM+Update+for+Tuesday+23+ February+2021

PROMISIA HEALTHCARE LIMITED (NZX: PHL) SHARE PURCHASE PLAN


Monday 22nd February 2021
Text too small? (http://www.sharechat.co.nz/text-too-small.html)


Promisia Healthcare Limited is pleased to announce the details and timetable for its share purchase plan (SPP).Eligible shareholders with a registered address in New Zealand will receive personalised application forms to apply for up to $15,000 of ordinary shares in PHL (New Shares) at the issue price of 0.1c per share (Issue Price). Eligible shareholders may also apply for additional New Shares at the Issue Price through an oversubscription facility (subject to scaling).The SPP offer document will be released to market on 2 March 2021, and together with application forms, will be sent to eligible shareholders on 3 March 2021. A cleansing notice will also be released to market on 2 March 2021.The funds raised from the SPP will be confirmed in the SPP offer document but at this time are intended to provide additional working capital to support PHL’s growth initiatives, being, growing occupancy at Aldwins House and progressing new acquisition opportunities.The timetable for the SPP is as follows:Ex-Date - 1 March 2021Record Date - 2 March 2021Opening Date - 3 March 2021Offer Document and Application Form sent to Eligible Shareholders - 3 March 2021Closing Date - 24 March 2021Allotment of New Shares - 31 March 2021Holding statements sent to shareholders - From 1 April 2021These dates are subject to change and are indicative only. PHL reserves the right to amend this timetable (including by extending the closing date) subject to applicable laws and the NZX Listing Rules.A copy of the Corporate Action Notice accompanies this announcement.The Board thanks shareholders for their ongoing support.Please see the links below for details:Corporate Action Notice (http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/PHL/367976/340832.pdf)Share Purchase Plan (http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/PHL/367976/340833.pdf)Source: Promisia Healthcare Limited

[Pegasus2000]

Don't think that it is the same Thomas :)

https://www.nwitimes.com/news/update-woman-killed-region-sports-figure-by-hitting-him-with-suv-records-allege/article_07735f9b-f00f-5901-8fa8-348d3aa48feb.html

[FTG]

SPP looks enticing at just 0.01cents.
Assuming the funds are genuinely used for meaningful growth initiatives then should be a good ROI for those who take up the offer.

Media release notes "growing occupancy at Aldwins House". Probably due to give the market an update on how occupancy levels are tracking on this new acquisition. Guessing will be in the offer Doc though?

It also mentions new acquisition opportunities, but maybe they will GET acquired? I just wonder if one of the larger players may be quietly running their rulers over this company - increase exposure in the provinces.

[Jantar]

Offer closed yesterday. I would have expected an announcement as to whether it was fully subscribed.

Or at the very least an announcement as to when they will make an announcement about the announcement. (lessons learned from Jacinda)

[tango]

Offer closed yesterday. I would have expected an announcement as to whether it was fully subscribed.

Or at the very least an announcement as to when they will make an announcement about the announcement. (lessons learned from Jacinda)

LOL very cute

IMO This doesn't seem a very professional organisation and I find it unorthodox that PHL purchased the rest homes from one of their directors
Who knows maybe this company will fly in years to come but I wouldn't be surprised if the SPP was undersubscribed.

[Yoda]

Their website is under construction. I emailed they're emailing address to ask when it might be up and running and it returned nonexistent. I texted Stephen with telephone number on the nzx announcements and he has not commented either. So no communication. What a joke..... if I get desperate I can always sell at what I bought them 4. @ .001

[artemis]

Small profit reported but should pick up ongoing as income was only for the 5 months since entering the aged care sector. Company is looking at acquiring existing facilities that may have reduced viability. Not even a penny stock atm but share consolidation has been mentioned. Makes sense.

The release said that the number of folk over 75 will double over the next 10 years. Not a bad potential market for the sector, especially as many will be asset rich.

[Jantar]

Small profit reported but should pick up ongoing as income was only for the 5 months since entering the aged care sector. Company is looking at acquiring existing facilities that may have reduced viability. Not even a penny stock atm but share consolidation has been mentioned. Makes sense.

The release said that the number of folk over 75 will double over the next 10 years. Not a bad potential market for the sector, especially as many will be asset rich.
This company nis not very good at keeping shareholders, or the market, informed. The compulsory buy back of small parcels was 2 weeks ago, but we still don't know how many shares were bought or at what price.

A share consolidation mas mentioned at the time they announced the compulsory buy back. Now that has been completed it would be a good time to announce that consolidation.

[The Punter]

Very strong buyer interest, and better still, very few sellers. Could be in for some dam good gains right here.

[The Punter]

Oh dear...wrong thread...NOTE TO SELF; Alcohol and posting on forums don't mix. :( (was meant to be on a Cooks Global Thread, which I don't think exists)

[artemis]

Holders of a very small number of shares now bought out. Register now reduced from 1,625 to 562. That will chop admin costs.

[nztx]

Holders of a very small number of shares now bought out. Register now reduced from 1,625 to 562. That will chop admin costs.


What happened to the rest ? - did they get diluted completely off the Register due to rounding down
or all decide to donate their small holdings to charity ? ;)


Can't be too much interest in PIL, if even Sharesies have decided it ain't starring on their platform .. ;)

Maybe they will in time if slightly more promise looks a prospect .. ;)

[artemis]

What happened to the rest ? - did they get diluted completely off the Register due to rounding down
or all decide to donate their small holdings to charity ? ;)


Small shareholders were paid out based on recent weighted share price with in addition a donation made by the company to Kidscan.

The company is now in the retirement sector, with some experience behind it. Others in the sector have done well.

[tango]

Promisia Healthcare Interim Results 03:04p.m.
PHL
29/11/2021 15:04
HALFYR
PRICE SENSITIVE
REL: 1504 HRS Promisia Healthcare Limited

HALFYR: PHL: Promisia Healthcare Interim Results

Market Announcement

29 November 2021

PROMISIA HEALTHCARE INTERIM RESULTS

For the six months ended 30 September 2021

Aged care provider, Promisia Healthcare Limited (NZX: PHL) has reported its
unaudited results for the six months to 30 September 2021.

The company commenced operation as an aged care business in October 2020. The
prior comparative period of the 15 months to 31 March 2021 reflects 5 months
of trading as an aged care provider. The 6 months to 30 June 2020 reflects
discontinued operations only.

Promisia has a diversified growth strategy focused on facility development,
broadening its revenue mix and acquisition of further aged care and
retirement village facilities, particularly in provincial areas.

The company currently has a portfolio of four aged care facilities (three
owned and one leased), focused on rest home and hospital services, including
high needs and specialised aged care. During the recent COVID lockdowns and
restrictions, the priority has been on delivering quality care and ensuring
the safety of residents, particularly given the higher care needs of many
residents. All on-site staff are fully vaccinated and robust health and
safety protocols are in place.

During the six month period, the company's leadership team was strengthened
with the appointment of Chris Brown as CEO from 23 August 2021 and Angie
Mehlhopt as the group's Financial Accountant in July 2021. The new executive
team is focused on integrating and establishing systems across the group and
executing Promisia's growth strategy.

Good progress has been made on the development at Ranfurly Manor in Fielding
which comprises 32 villas and 10 care suites. The care suites are due to be
completed in the next two weeks and sales and marketing of these suites is
now underway. Eight villas have been sold. The first four villas are expected
to be ready for occupancy at the end of January 2022, a further four villas
are currently under construction with another four about to commence.

Construction is being carried out at no capital cost to PHL, with the
purchase price to be paid to the developer (Colspec) from proceeds of the
initial sale of an ORA for each new villa or care suite.

Rooms are also being opened progressively at Promisia's newest facility,
Aldwins House in Christchurch, as demand grows which is currently at a slower
rate than anticipated. New management and clinical teams have been put in
place and a range of opportunities are being investigated to grow demand and
minimise outgoings. Discussions with the landlord to acquire the building are
ongoing. Occupancy levels at Promisia's other facilities remain strong.

CEO of Promisia, Chris Brown, said: "The team has done an outstanding job
during yet another challenging period, as we focused on keeping our residents
well cared for and safe during the latest COVID restrictions. Our immediate
focus is on growing occupancy and revenue at our existing facilities,
particularly Aldwins House, and building our systems infrastructure to
support growth. The development at Ranfurly Manor is progressing well and we
are looking forward to welcoming new residents into these care suites and
villas in the next few months."

Chair of Promisia, Stephen Underwood, said: "It is a year since the
successful acquisition of the aged care business. This acquisition has
enabled us breathe new life into Promisia and provide a good platform for
growth.

The aged care sector is projected to grow strongly over the next ten years,
particularly for higher needs and specialised care. Provincial communities
are often under-resourced in terms of aged care. Promisia is a valued part of
the communities where it is located and provincial New Zealand will remain a
focus for us. Acquisitions continue to be considered based on quality,
geographic and cultural fit, demand for services, growth potential and
contribution to profitability. We are pleased to have a new leadership team
in place and we are building our business to capitalise on long term demand."

Financial Performance

Revenue for the six months was $8.8m and is expected to grow as occupancy
levels (particularly at Aldwins House) and ORA sales increase. The company
reported a net loss from continuing operations of $111,000, with a total loss
from continuing and discontinuing operations of $92,000. As at 30 September
2021, total assets were $57.0m, net debt was $17.5m and the company had cash
and cash equivalents of $1.2m.

As disclosed previously, during the period Promisia concluded a constructive
dialogue with its banking partner, BNZ, regarding its banking covenants. The
BNZ advised that no actions would be taken in respect of the EBITDA /
Interest covenant breaches in the June and September 2021 quarters (although
BNZ reserves all of its rights with respect to the breaches); and has
provided a waiver and removed the Total Debt / Total Assets covenant as an
ongoing requirement.

[Charlie]

Andrew has worked in New Zealand, United Kingdom and Australian property
markets for 20 years.
He spent 13 years at Ryman Healthcare as a Senior Executive and Chief
Development Officer
overseeing the acquisition, consenting and development process throughout
Australasia. During this
period, rapid acquisition and development saw the market capitalisation
increase from $750m to
over $7 billion.

as at 15:59:07, Thursday 23 December, 2021 (NZDT)
ACQUISITION OF ALDWINS HOUSE AND DIRECTOR APPOINTMENT
PHL
23/12/2021 15:59
TRANSACT
PRICE SENSITIVE
REL: 1559 HRS Promisia Healthcare Limited

This could be good for the company.

[airedale]

Does Andrew have a surname?

[Charlie]

Does Andrew have a surname?
Andrew Mitchell,
is in the latest announcement if you want more details.

[Lola]

Andrew has worked in New Zealand, United Kingdom and Australian property
markets for 20 years.
He spent 13 years at Ryman Healthcare as a Senior Executive and Chief
Development Officer
overseeing the acquisition, consenting and development process throughout
Australasia. During this
period, rapid acquisition and development saw the market capitalisation
increase from $750m to
over $7 billion.

as at 15:59:07, Thursday 23 December, 2021 (NZDT)
ACQUISITION OF ALDWINS HOUSE AND DIRECTOR APPOINTMENT
PHL
23/12/2021 15:59
TRANSACT
PRICE SENSITIVE
REL: 1559 HRS Promisia Healthcare Limited

This could be good for the company.




Promising progress announcement yesterday has gone under the radar a bit. Got a better feeling about it especially if arrangements with Rannadale residents work out.

[FTG]

Looking at the website, the Aldwins House seems to have a modern & contemporary fit-out - targeting the middle strata of the market?

Rannadale has good Google ratings and also seems to be mid market, so could be a good fit for Aldwins/Promisia.

I wonder why Rannadale is closing? Perhaps too small to be commercially viable?

[Lola]

promising progress announcement yesterday has gone under the radar a bit. Got a better feeling about it especially if arrangements with rannadale residents work out.

and they have according to announcement today

[percy]

and they have according to announcement today

Bit of a win win ,getting a lot of residents and staff in one hit.

[Charlie]

PHL
31/05/2022 08:30
FLLYR
PRICE SENSITIVE
REL: 0830 HRS Promisia Healthcare Limited

FLLYR: PHL: Full Year Results to 31 March 2022

PROMISIA HEALTHCARE FULL YEAR RESULTS

Promisia Healthcare Limited (NZX: PHL) has reported its unaudited,
preliminary results for the year ended 31 March 2022 (FY22), marking its
first full year of operation as an aged care business, compared to five
months in the previous financial year.

Income was $21.0 million, including an increase in fair value movement of
investment properties of $0.8 million. Revenue is sourced primarily from
Government funding (approximately 67%) with the remainder from private
payment. There were 4 new sales and 13 resales of occupation rights
agreements (ORAs) completed during the period.

Earnings excluding fair value movements (EBITDAF1) were $4.5 million for the
period. The Group reported a net profit after tax of $2.4 million.

At 31 March 2022, total assets were $52.1 million, including cash and cash
equivalents of $2.4m. Debt was $17.2 million, consistent with prior
comparative period, and excludes debt associated with the acquisition of
Aldwins House which occurred post-year end.

Positive progress on strategic initiatives

The company made good progress on its two primary areas of focus during the
year - strengthening the operational platform of the business and the
progressive opening of new beds and increasing occupancy at Aldwins House in
Christchurch.

In March 2022, shareholders approved the acquisition of Aldwins House for
$13.0 million, which settled on 1 April 2022 and was funded by vendor finance
and new and existing debt facilities. This purchase now means that all four
of Promisia's facilities are fully owned by the company.

Aldwins House had been operating at a loss. New management, increased
occupancy and the reduction in rental versus interest costs mean that it is
now operating at a cashflow breakeven position. It is expected that a more
positive cashflow outcome and trading profits will be realised in FY23 as
occupancy increases.

Investment has been made into business infrastructure to integrate Promisia's
four facilities and create a strong foundation for growth. This investment
includes standardising systems across the group and investing in people and
technology, particularly a new payroll and rostering system. This work is
ongoing with continued investment planned in FY23.

In addition, the Ranfurly Manor Village development in Fielding has
progressed well with the ten new care suites and four of the planned 32
villas now completed. The development is being undertaken on a fixed cost
basis where the developer is repaid from the proceeds of each initial sale of
an ORA for a new villa or care suite. Therefore, this development will not
produce any significant income until the second sale of ORAs for these villas
and care suites.

The ongoing COVID-19 pandemic continues to impact on New Zealanders,
particularly more vulnerable older people. Promisia's focus has been on staff
and resident health and wellbeing and the systems and protocols put in place
during 2021 have stood the company in good stead. Training, recruitment and
retention of highly valued and qualified care staff remains a priority.

Chair of Promisia, Stephen Underwood, said: "The majority of our people live
locally and play an essential role in creating the family environment that is
such an important part of our facilities. We are incredibly proud of them and
fortunate to have a team of such caring and committed people. On behalf of
the Board and management, we acknowledge and thank every member of our team
for their efforts and the amazing care they provide."

Following the financial year-end, in May 2022, Promisia was pleased to
announce the appointment of experienced aged care executive, Stuart
Bilbrough, as CEO. Stuart takes over the role from Chris Brown, who stepped
down in March 2022. The Board thanks Chris for his contributions and efforts
in establishing a strong operational platform for Promisia from which the
company can continue to grow.

Outlook

New Zealand has an ageing population and there is increasing demand for
quality care options, particularly in provincial New Zealand, that allow
people to stay close to family and friends and the neighbourhoods they know
and love. New facilities will need to be built to meet demand, particularly
for higher needs and specialised care. These are areas which are often
under-resourced in terms of aged care and are a particular focus for
Promisia. In addition, increasing compliance is driving sector consolidation
with smaller facilities finding it more difficult to remain viable.

In FY23, the company will continue to drive revenue through a focus on the
following areas:

? Maximise occupancy at Aldwins House
? Broaden the revenue mix through the sale of retirement villas and
increasing the range of services offered
? Delivering resident-centric care
? Pursue targeted acquisition opportunities that meet Promisia's criteria
? Continue the development at Ranfurly Manor

Stephen Underwood commented: "Promisia operates in a sector with attractive
dynamics and is well positioned to build off its small footprint and grow. We
have a carefully considered and diversified strategy and are putting the
infrastructure in place to allow us to scale up in size. We have identified
growth opportunities, both within our existing footprint and through
acquisition, and look forward to delivering on these opportunities."

ENDS
For more information, please contact:
Stuart Bilbrough, Chief Executive Officer on +64 252 5778 or email
stuart.bilbrough@promisia.co.nz
Stephen Underwood, Chairman on +64 27 499 3387 or email stephen@renouf.co.nz
End CA:00392992 For:PHL Type:FLLYR Time:2022-05-31 08:30:49

[Charlie]

Acting Chair, Helen Down, said: "While a smaller player in the NZX listed
retirement and aged care sector, Promisia has ambitious goals and is well
positioned for growth, with strong cashflows and growing balance sheet.
Industry dynamics point to increasing demand for quality care options and
Promisia is well positioned to build off its small base and grow. We have a
clear strategy being led by a new CEO with many years' industry experience
and supported by an expanded management team. The Board thanks the dedicated
teams in each of our facilities who are committed to delivering high quality,
personalised care to senior New Zealanders in the communities that we
operate."
can't get much lower than 0.001c unless they give them away in a Christmas Cracker.
onwards and upwards hopefully .

[Balance]

Acting Chair, Helen Down, said: "While a smaller player in the NZX listed
retirement and aged care sector, Promisia has ambitious goals and is well
positioned for growth, with strong cashflows and growing balance sheet.
Industry dynamics point to increasing demand for quality care options and
Promisia is well positioned to build off its small base and grow. We have a
clear strategy being led by a new CEO with many years' industry experience
and supported by an expanded management team. The Board thanks the dedicated
teams in each of our facilities who are committed to delivering high quality,
personalised care to senior New Zealanders in the communities that we
operate."
can't get much lower than 0.001c unless they give them away in a Christmas Cracker.
onwards and upwards hopefully .


These backdoor boys jumped in after the sector has had its run and the tide is going out.

Another great decision by the clowns.

[mudd]

"Promisia Healthcare Limited’s subsidy owned aged care business, Ranfurly Manor Limited, has recently gonethrough an audit of its holiday pay calculations by the Ministry of Business, Innovation and EmploymentLabour Inspectorate and found to have breached sections of the Holidays Act 2003"
Any idea as to how impactful this could be?

[SailorRob]

"Promisia Healthcare Limited’s subsidy owned aged care business, Ranfurly Manor Limited, has recently gonethrough an audit of its holiday pay calculations by the Ministry of Business, Innovation and EmploymentLabour Inspectorate and found to have breached sections of the Holidays Act 2003"
Any idea as to how impactful this could be?


Who cares? The only thing of value here is the movie rights to the film 'Promisia'.

[mr optimistic]

Does this company have any liquidity?

[mr optimistic]

Is there any liquidity in this company? at all? Are there rules around being listed if there is no share trading?

[kiwikeith]

I dont know why they don't do a share consolidation eg one new share for an existing 1,000 shares. Then the shares could be traded far more easily.

[mr optimistic]

Haha. Yeah. Good idea, but sadly will probably drop the overall Market Cap over time. Market Cap cant go any lower at 1/10 of a cent per share.......

[Valuegrowth]

Mr Optimistic

If I am correct they changed thier name in 2021. Its new name and ticker code is promisia healthcare Ltd(PHL).

https://www.nzx.com/companies/PHL

[mr optimistic]

I wish this observation created more liquidity. Yes, they are now PHL vs PIL, but same market cap, same number of shares and same 1/10 of cent share price and more importantly liquidity is even worse!

[GTM 3442]

There are some advantages of a $0.001 share price. If they were to do a share consolidation at (say) 1,000 to 1, how long would it be before the shares were back to $0.001?

From memory, a previous incarnation (SVY?) tried this and the share price went from $0.04 to $0.40 and straight back to $0.04.

How long would it take this time . . . months. . . . days. . . . the same morning. . . pre-open. . .

[mr optimistic]

haha. Your probably right!

[Lola]

haha. Your probably right!

Year to 31 March result plus accounts due by end of this month. Fortune favors the brave they say. Are you brave enough Mr O? You could be looking at a 100% leap in the share price.

[GTM 3442]

For What it's Worth. . . go you good thing you. . . who knows. . . maybe someone'll put in a BUY offer?

Market Announcement
30 May 2023
PROMISIA FY23 RESULTS

Year of investment as growth strategy progressed.
FY23 Results Snapshot:

• Revenue up 20% year on year, to $23.8 million.
• EBITDAF1 of $3.5 million.
• Underlying EBITDAF2 of $4.0 million, up 13% year on year.
• Net profit after tax of $0.6 million.
• Comprehensive income of $1.3 million.
• Total assets of $71.8 million.
• Good progress on growth initiatives including the Ranfurly Manor development, acquisition of Aldwins
House land and buildings and investment into systems and people.
• Well positioned to deliver increased earnings and growth in FY24.

[mr optimistic]

Lesh go. Might as well sell all the assets for 71.8 million and make a 400% capital gain!:eek2:

[mr optimistic]

Or is there some debt?

[kiwikeith]

For What it's Worth. . . go you good thing you. . . who knows. . . maybe someone'll put in a BUY offer?

Market Announcement
30 May 2023
PROMISIA FY23 RESULTS

Year of investment as growth strategy progressed.
FY23 Results Snapshot:

• Revenue up 20% year on year, to $23.8 million.
• EBITDAF1 of $3.5 million.
• Underlying EBITDAF2 of $4.0 million, up 13% year on year.
• Net profit after tax of $0.6 million.
• Comprehensive income of $1.3 million.
• Total assets of $71.8 million.
• Good progress on growth initiatives including the Ranfurly Manor development, acquisition of Aldwins
House land and buildings and investment into systems and people.
• Well positioned to deliver increased earnings and growth in FY24.

At one tenth of a cent per share the market cap is $21m. Hard to buy it as not an obvious bargain and could get stuck with an unmarketable share. I am put off as their main asset (Ranfurly) is in Feilding which they misspell as Fielding in their NZX announcement.

[mr optimistic]

Damn. Mr Lola. It would appear the YE 31 March Accounts are absolute best case scenario, but still not a single share traded. These guys might as well de list. Whats the point. At least the EBITDA would improve by 300K per annum!:eek2:

[Sideshow Bob]

Another one making a loss.....

https://www.nzx.com/announcements/422506

Promisia Healthcare Limited (NZX: PHL, “Promisia”) has announced its unaudited results for the six months ended 30 September 2023 (1H24).
The company continues to focus on its commercial objectives, delivering increasing occupancy, strong new villa sales and resales, and a relentless focus on high quality, personalised care.
Chair of Promisia, Rhonda Sherriff, commented: “Good progress is being made and Promisia is well positioned to take advantage of market opportunities. Our business is in good shape, with a strong and experienced Board and management team, and we are looking forward to delivering another year of increased earnings and business growth in FY24.”
Six month strategic and financial snapshot:
• Welcomed new Board leadership with appointment of industry expert, Rhonda Sherriff, as Chair, as well as Jill Hatchwell as Independent Director and Chair of the Audit and Risk
Management Committee.
• Restructured and strengthened the leadership team with appointment of Karen Lake as Group GM, along with a new GM of Finance and new Clinical and Quality Manager
• Review of strategy and re-set of objectives to drive commercial growth
• Continuing improvement in occupancy across the Group
• Continue to explore expansion and growth opportunities
• Revenue $12.9m, +11% yoy
• EBITDAF1 $1.6m, -11% yoy
• Net Loss After Tax $(152)k, down from a profit of $382k in prior year, reflecting one-off costs associated with the leadership and Board transition
• Total assets $73.6m, +12% yoy
• Borrowings $30.4m, +2% yoy
For further information on Promisia’s six month performance, please read the Interim Report for the six months ended 30 September 2023.
ENDS

[GTM 3442]

Oh well, easy come, easy go. . . . . next year beckons. . . . maybe one day. . . . over the rainbow. . . but how come it cost about half a million bucks for ". . . one-off costs associated with the leadership and Board transition"