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Sunlink Health Systems

Sunlink Health Systems (SSY)

0.793
-0.0664
(-7.73%)
Closed 22 November 8:00AM
0.793
0.00
( 0.00% )
Pre Market: 11:00PM

Professional-Grade Tools, for Individual Investors.

Key stats and details

Current Price
0.793
Bid
-
Offer
-
Volume
-
0.00 Day's Range 0.00
0.5303 52 Week Range 1.05
Market Cap
Previous Close
0.793
Open
-
Last Trade
Last Trade Time
-
Financial Volume
-
VWAP
-
Average Volume (3m)
7,104
Shares Outstanding
7,040,603
Dividend Yield
-
PE Ratio
-3.64
Earnings Per Share (EPS)
-0.22
Revenue
32.44M
Net Profit
-1.53M

About Sunlink Health Systems

SunLink Health Systems Inc is engaged in providing retail pharmacy services. The company operates its business through segments namely the Healthcare Services segment and Pharmacy segment. The Healthcare Services segment includes subsidiaries that own and operates nearly 80-licensed-bed, acute care ... SunLink Health Systems Inc is engaged in providing retail pharmacy services. The company operates its business through segments namely the Healthcare Services segment and Pharmacy segment. The Healthcare Services segment includes subsidiaries that own and operates nearly 80-licensed-bed, acute care hospitals, which includes more than 18-bed geriatric psychology unit, and over 60-bed nursing home; own medical buildings, which are leased to unaffiliated healthcare providers, and adjacent vacant land; and provides information technology to outside customers. The Pharmacy segment, which is the key revenue generator is composed of retail pharmacy products and services that are conducted in rural markets; institutional pharmacy services; pharmacy services; and durable medical equipment. Show more

Sector
Gen Med & Surgical Hospitals
Industry
Gen Med & Surgical Hospitals
Headquarters
Atlanta, Georgia, USA
Founded
-
Sunlink Health Systems is listed in the Gen Med & Surgical Hospitals sector of the American Stock Exchange with ticker SSY. The last closing price for Sunlink Health Systems was US$0.79. Over the last year, Sunlink Health Systems shares have traded in a share price range of US$ 0.5303 to US$ 1.05.

Sunlink Health Systems currently has 7,040,603 shares in issue. The market capitalisation of Sunlink Health Systems is US$5.58 million. Sunlink Health Systems has a price to earnings ratio (PE ratio) of -3.64.

SSY Latest News

SunLink Health Systems, Inc. Announces Fiscal 2025 First Quarter Results

SunLink Health Systems, Inc. (NYSE American: SSY) today announced a loss from continuing operations of $442,000 (or a loss of $0.06 per fully diluted share) for its first fiscal quarter ended...

SunLink Health Systems, Inc. Announces Sale of Trace Regional Hospital Real Estate

SunLink Health Systems, Inc. (NYSE AMERICAN: SSY) today announced that its subsidiary, Southern Health Corporation of Houston, Inc., and an affiliate, have completed the sale of the hospital...

SunLink Health Systems, Inc. Announces Fiscal 2024 Fourth Quarter and Annual Results

SunLink Health Systems, Inc. (NYSE American: SSY) today announced a loss from continuing operations of $652,000 (or a loss of $0.09 per fully diluted share) for its fourth fiscal quarter ended...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1-0.001-0.1259445843830.7940.859990.79330320.80762737CS
4-0.177-18.24742268040.970.970.79370040.82376568CS
12-0.069-8.004640371230.8620.970.7571040.81861236CS
260.19332.16666666670.60.970.590001183750.7287623CS
52-0.035-4.22705314010.8281.050.5303160330.78039434CS
156-1.357-63.11627906982.152.20.5303492211.36182033CS
260-0.307-27.90909090911.17.620.53033836873.57185272CS

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SSY Discussion

View Posts
Thebadge Thebadge 2 years ago
Wow no one following this one rea

dy to breakout
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Porterhouse10 Porterhouse10 3 years ago
What happened, filled @ $2.39
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stock1ace1 stock1ace1 3 years ago
dip added some 2.47
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stock1ace1 stock1ace1 3 years ago
bottom of coil loading more here $2.52
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stock1ace1 stock1ace1 3 years ago
bidding more today & tomorrow
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Porterhouse10 Porterhouse10 3 years ago
Chugga Chugga choo choo MF'er $SSY
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stock1ace1 stock1ace1 3 years ago
chart is super bullish
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9HikeDiscGolf 9HikeDiscGolf 3 years ago
Damn, that was 8 years ago..

IMO
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Porterhouse10 Porterhouse10 3 years ago
Looks super ready and popped up a hair
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stock1ace1 stock1ace1 3 years ago
ssy ***Coil about to pop *** https://stockcharts.com/h-sc/ui?s=ssy
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Porterhouse10 Porterhouse10 3 years ago
Looks prime, still in Baby!
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stock1ace1 stock1ace1 3 years ago
*** $2.57 Buy Confirmed Today ***β€”> https://www.americanbulls.com/m/SignalPage.aspx?lang=en&Ticker=SSY
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Porterhouse10 Porterhouse10 3 years ago
Keep marching North Baby
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Porterhouse10 Porterhouse10 3 years ago
Puppies on the move!
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Porterhouse10 Porterhouse10 3 years ago
Just bought some Ashl
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Porterhouse10 Porterhouse10 3 years ago
Who's buying now? Chart is a Monsta!
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stock1ace1 stock1ace1 3 years ago
$3.05 buy confirmed @~> https://www.americanbulls.com/m/SignalPage.aspx?lang=en&Ticker=SSY
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stock1ace1 stock1ace1 3 years ago
You still here watch it tomorrow
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stock1ace1 stock1ace1 3 years ago
Ssy bullish $3.03 https://stockcharts.com/h-sc/ui?s=Ssy
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ClayTrader ClayTrader 4 years ago
* * $SSY Video Chart 05-05-2021 * *

Link to Video - click here to watch the technical chart video

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davidsson10 davidsson10 4 years ago
And Wednesday delivers.....

SSY
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moetser moetser 4 years ago
$NMRD $SSY $ISNS BOOM WATCH OUT FOR THAT 2PM TRAIN SHORTS CAUSE ITS COMING & NOT STOPPING TO PICK UP SHORT PASSENGERS LOL
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ClayTrader ClayTrader 4 years ago
* * $SSY Video Chart 03-16-2021 * *

Link to Video - click here to watch the technical chart video

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AlphaStockNews AlphaStockNews 4 years ago
$SSY is screaming for the top after announcing an expansion of one of its hospitals. The gains may just be starting. https://cnafinance.com/ssy-stock-heres-why-sunlink-health-systems-is-flying/
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glens0 glens0 4 years ago
Sunlink Health Systems Inc
Shares Outstanding
6,899,321

Float
4.52M

Insider Ownership
29.08%

Insitutional Ownership
32.20%
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KOmani KOmani 8 years ago
Joke Offer. PROOF below.

On February 8, 2017:

"As of 5:00 p.m. Eastern time on February 8, 2017, 1,036,239 common shares have been tendered and not withdrawn."

Final Results from February 24, 2017:

"SunLink accepted for purchase a total of 280,558 common shares at a purchase price of $1.50 per share, for an aggregate purchase price of $420,837."

What a joke that offer was and the amount of shares tendered confirms this.
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KOmani KOmani 8 years ago
Well, I understand that management would like to make something on the whole process.

It's just that they look to make $10+ Million that makes it sickening.

If they offered $2 or $2.25, I would have considered it fair.

Yeah, it would have given them a good pay day after it was all said and done, but what they did was try and steal the company.

There is very little risk in waiting to see what further asset sales bring when management only offers $1.50 per share.

The company has proven that they have depreciated (or written down) assets below market value on their balance sheet.

Maybe this isn't a sexy play that will jump 1,000% in a short time but it seems pretty likely that we will see over $2 shortly.

Always good to have a few things going at the same time.
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malp2009 malp2009 8 years ago
KOmani, the tender offer has been extended to 2/24/2017

So as of today, no shares have been officially tendered and closed out. The share count as of today is still 9,444,000

One has until 2/24/2017 to withdraw any shares tendered.

It is my feeling that a lot of the shares put up for tendering will be withdrawn.

I think that by Friday the shares tendered well be less than 1M

Why tender shares at 1.50 and they are trading at 1.69 and are worth north of 2.72

Management is trying to pull a fast one.

Like you said, the offer is a JOKE!

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malp2009 malp2009 8 years ago
Someone should explain the meaning of fiduciary to management and the board.

Today, 2/21/2017, SunLink closed at $1.69, 19 cents above the tender offer. On 2/14/2017 they issued their 10Q for the period ending 12/31/2016. The book value of the company as of 12/31/2016 is $2.72 per share, $1.22 above the tender offer. And we all know that with the possible future sale of the pharmacy business of about $10M to $12M, and all of the other buildings and property that the company owns since 2001, along with the licenses, the FMV of the company is far north of the $2.72 per share.

Note that this unfair unreasonable tender offer of $1.50 made by the Management Team and the Board of SunLink Healthcare Systems Inc has made this tendering very difficult for the non-affiliated shareholders. Meaning that, this gun to the head offer, take this offer or the affiliated shareholders are going private, underground, going dark, with non-tradable shares, is just plain wrong.
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KOmani KOmani 8 years ago
Also note:

1,036,239 shares were tendered at $1.50

So, yes, shareholders equity declined $1,554,358.50

But shares outstanding declined 1,036,239

In other words, the adjusted shareholders equity is 24,109,641.50
(estimate)

While number of shares outstanding is now: 8,407,169

This give a book value of about $2.87

Management was greedy with it's $1.50 offer and now I will be even greedier in terms of what I want to tender my shares.

$2.25-$2.50 is more appropriate at this time and that may still leave quite a bit on the table.

I am ok to leave management with something, but offering $1.50 was an insult I couldn't support.
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KOmani KOmani 8 years ago
From the Second Quarter Financials:

Shareholders Equity: $25,664,000
Number of shares outstanding: 9,443,408

Book Value per share: $2.71

Seems higher than $1.50 offered.
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KOmani KOmani 8 years ago
Of course, management only give 124,402 of their shares for the offer while they own over 6 Million shares.

What a joke.

If the offer was close to fair, their would be more people willing to give up their shares.

If they offered $2 or $2.25 I would let them have mine and let them keep their hidden added value (ie. some assets are worth more than the book value).

The $1.50 offer is just theft.

Management knows that it was theft.
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KOmani KOmani 8 years ago
What a joke offer by management.

$1.50 per share?

Back of napkin math says $22.561 Million shareholders equity at 9/30 and then they sold another property for $2.400 Million net gain.

This give $24.961 Million shareholders equity.

Given that there is still 9.443 Million shares outstanding ...

The book value is $2.64/share.

I haven't posted much here, but as predicted management seems interested in their own.

Still carrying shares, but it's a slow process to get decent value.

I believe management will eventually raise offer to $2.00

Given that there is 9.443 Million shares outstanding, that means they would still make close to $6 Million.

And that's assuming that the market value of the rest of their portfolio is close to book. Given that the last 2 sales suggest they are undervalued, $6 Million would be on the low end.

Management wants to make out like bandits.

I suspect that this will go private during 2017 (2018 seems faint) and that management will retire happy.
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KOmani KOmani 8 years ago
I still like this stock.

The problem is that the company seems stubborn to sell itself off.

This limits the upside as there is little chance that someone will buy-out shareholders.

Anyone can do a quick analysis and see this trades far under book value.

I was hoping for some kind of significant dividend, but it seems that management is content to just run this.

It's disappointing, but there is still opportunity here.

It's just not immediate and the price may fade.

Not the most interesting stock, but I will still keep an eye on it.

As always, never put all your money into one trade.
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stocktrademan stocktrademan 8 years ago
SSY bullish 1.31

macd or ppo stays above 0 during consolidation / support testing / stop order hunting by the market



normal chart


log chart

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KOmani KOmani 8 years ago
The Annual Report was released on Friday.

On the report they have listed the August sold assets at $7.633 Million.

At this point, it's time to update the math in the intro ... as of June 30

Total Shareholders’ Equity was $19,489,000 (Compared with $20,759,000)

As there has been no dilution, the number of shares outstanding is 9,443,408.

Quick math suggested that the book value was $2.06 (Compared with previous $2.19)

The effect of the news is to increase the Shareholder's equity by approximately $7,000,000 (unchanged at this point.)

As such, the adjusted shareholders' equity is $26,489,000 (Compared with $27,759,000)

Again, no dilution, so the number of shares outstanding is still 9,443,408.

This suggests an Adjusted Book Value of $2.80/share (previously $2.94/share).
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KOmani KOmani 8 years ago
This week they gave Directors some nice options.

I expect the annual report to come out shortly, but not sure if the company is going to announce a stock buyback.

Sadly, I doubt a dividend is coming, but not much I can do against management who want to keep money rather than distribute to shareholders.

Would love to be surprised, but don't expect much.

Still holding a small position.
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KOmani KOmani 8 years ago
I am still holding my shares, however, when I tried to contact the company, it didn't go anywhere.

Annual report is expected this month, but I am not sure that management and shareholders are on the same page.

As management, do you want to give, say, a $0.50 Dividend to everyone or do you want to give yourself a raise and keep the money for next year's pay and obvious raise?

Sadly, my enthusiasm for the management isn't the greatest.

Still hoping for shareholders to get some nugget, but not sure it's going to happen.
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stocktrademan stocktrademan 8 years ago
SSY bullish 1.19

close crossup ema8 t-line scan






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KOmani KOmani 8 years ago
Nice shake and bake (rise) happening.

Shorts still hoping for large orders to hit the bid.
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KOmani KOmani 8 years ago
Nice dip to see if any stops were around $1.30

Peek-a-boo action. Just like last week under $1.10
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KOmani KOmani 8 years ago
Looking for check mark action.

Dip to catch people using stops and then perhaps staying over $1.50

News moving the stock is in the intro.

Someone has been buying and I think the news may have something to do with it.

As always do your own due diligence.
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KOmani KOmani 8 years ago
Hello all, I placed the relevant news and it's possible affect on the book value in the iBox.

As mentioned, it's purpose is to give a quick idea on what may be moving the stock price.

I hope everyone can enjoy their weekend.

If anyone has some thoughts, speak up and maybe you will be heard.


Pretty quiet board.
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KOmani KOmani 8 years ago
Shorts dropped this on less than 20k volume.

Kind of sad that they couldn't cover as most have read the news and understand the revised book value is close to $3 per share.
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KOmani KOmani 8 years ago
Float getting locked up and new buyers looking at this $2.90 book value as fair.

Good Luck to the Shorts who didn't read and are only looking at charts.
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KOmani KOmani 8 years ago
$2.90 Adjusted Book Value per share.

Let's see if institutions want to make some relatively easy money.

GIDDY UP!
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ClayTrader ClayTrader 8 years ago
* * $SSY Video Chart 08-25-16 * *

Link to Video - click here to watch the technical chart video
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Love4Money Love4Money 8 years ago
Looks like strong support in the 1.30's Hold
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KOmani KOmani 8 years ago
With the recent sale of a property, book value is close to $2.90/share.

Sale of property also provided cash to pay off near-term liabilities due.

Company is expected to announce government will be leasing property. Expected approval is by September 1, 2016.

Would not be surprised if someone put out an article that details these strong reasons to buy.

Big Volume today suggests someone is just catching wind of this.

I believe that there is plenty of new short interest who are hoping to cover in the $1.20s (or lower).

Personally, I am holding for more
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silkyballer silkyballer 8 years ago
What's good with this puppy... Love the chart
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