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JHC, JAPARA HEALTHCARE LIMITED
early birds
post Posted: Today, 10:10 AM
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In Reply To: early birds's post @ Today, 10:07 AM

Japara Healthcare Limited (ASX: JHC) (Japara) advises that it has received a conditional, non-binding and
indicative proposal from RSL Care RDNS Limited, part of the Bolton Clarke Group (Bolton Clarke), to acquire
100% of the shares in Japara by way of a Scheme of Arrangement (Bolton Clarke Indicative Proposal). Bolton
Clarke is an Australian not-for-profit provider of home care, retirement living and residential aged care.
The indicative cash price offered under the Bolton Clarke Indicative Proposal is $1.22 per share. This price would
be adjusted downwards for any dividend declared prior to implementing a scheme.
The Bolton Clarke Indicative Proposal follows the receipt of the conditional, non-binding indicative proposal
from Little Company of Mary Health Care Ltd to acquire 100% of the shares in Japara by Scheme of Arrangement
at a cash price of $1.20 per share, as announced on 7 June 2021.
The Bolton Clarke Indicative Proposal notes that entry into legally binding obligations to implement the
proposed scheme is subject to, amongst other things:
⚫ Completion of due diligence to Bolton Clarkes satisfaction;
⚫ Binding financing arrangements with third parties;
⚫ A unanimous recommendation from all Japara Directors to vote in favour of the transaction (in the
absence of a superior proposal and subject to an Independent Expert concluding that the proposed
transaction is in the best interests of Japara shareholders);
⚫ Final approval of the Bolton Clarke Board; and
⚫ Execution of final, agreed transaction documentation.
The Japara Board has considered the Bolton Clarke Indicative Proposal and obtained advice from its financial
and legal advisors. The Board has determined that it is appropriate to offer Bolton Clarke due diligence access
so that Bolton Clarke can develop a binding proposal. This is consistent with the due diligence access provided
to Little Company of Mary Health Care Ltd.
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bargain hunting....... tongue.gif


 
early birds
post Posted: Today, 10:07 AM
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In Reply To: early birds's post @ Jun 7 2021, 10:53 AM

ahh, another one comes in with 1.22 bid

biding war started, i read somewhere that JHC's intrinsic value at about 1.28,
so i'll hold mine. at current uncertainty market, this might good place to park the cash. imho!!! tongue.gif



 
early birds
post Posted: Jun 7 2021, 10:53 AM
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In Reply To: early birds's post @ Jun 7 2021, 10:47 AM

https://www.afr.com/companies/healthcare-an...20210607-p57yo7

The board of Japara Healthcare has opened its books to suitor Little Company of Mary Health Care Ltd, also known as Calvary Healthcare, taking a possible tie up one step closer.


This is higher than Calvarys initial approach of $1.04 per share made on April 30.


The Japara board has considered the revised indicative proposal and obtained advice from its financial and legal advisors, Japara said in a statement to the Australian Securities Exchang

The board has determined that it is appropriate to offer Calvary due diligence access, subject to agreeing appropriate conditions and confidentiality arrangements, so that Calvary can develop a binding
proposal that is capable of being recommended to shareholders.

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easy to hold on to until it get's $1.20 plus......... tongue.gif

 
early birds
post Posted: Jun 7 2021, 10:47 AM
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In Reply To: early birds's post @ May 12 2021, 11:03 AM

ann for JHC

calvery increased it's bid to $1.20 per share!! tongue.gif



 
early birds
post Posted: May 12 2021, 11:03 AM
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In Reply To: nipper's post @ May 1 2021, 09:25 AM

hit over 1.06 this morning

seems my thoughts is on the card, the bid will be increased bit more.

also see EHE went up a lot [same sector but it is bigger, includes in asx200]



 
nipper
post Posted: May 1 2021, 09:25 AM
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In Reply To: early birds's post @ May 1 2021, 04:43 AM

Japara Healthcare on Friday said it had received a $1.04-a-share offer from not-for-profit Calvary Health Care to acquire all the shares of the owner, operator and developer of aged care homes under a scheme of arrangement.

Japara was considering the bid in the context of what it said were "expected improvements in trading conditions", along with the federal budget on May 11 as well as the government's final regulatory response to the royal commission into aged care quality and safety also expected in May.

Calvary, as a not for profit operator, at least has material advantages over potential for profit rivals, such as not being subject to payroll tax. Japara had 6064 staff on December 31.
The outcome of any tussle for Japara is unclear, but it could lead to a split of the company's operations from its real estate.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Said 'Thanks' for this post: early birds  
 


early birds
post Posted: May 1 2021, 04:43 AM
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i hold this aged care stocks , has been hit real hard during the virus last year.

today it received unbinding bid....... indicate $1.04 per share. i reckon the bid could increase to 1.10---1.20. imho though, and i'm biased !

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i made it to the wrong code. . forgive me!! not many readers on this one anyway!! ohmy.gif



 
nipper
post Posted: Oct 5 2019, 04:32 PM
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In Reply To: blacksheep's post @ Oct 5 2019, 03:30 PM

Yep, management by Actuarial Projections
QUOTE
....to ha[ve] enough cash to refund the estimated number of bonds due in any one year. Bonds are refunded when a resident leaves care or dies.

another Ponzi-esque set of circumstances, when/ if short-term liabilities overwhelm long-term tied up invested capital.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Oct 5 2019, 03:30 PM
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Sobering read on the Aged Care sector - REG< EHE< JHC are all mentioned ->>> Aged-care sector at risk of collapse
extract
QUOTE
As it happens, all three listed providers have more current liabilities than they have assets, leaving a deficit on this measure of between $60 million and $135 million.

According to the Ansell Strategic report, “a number” of companies have had to offload some of their assets “in recent times” to ensure they had enough cash to refund the estimated number of bonds due in any one year. Bonds are refunded when a resident leaves care or dies.

The report levelled a sobering statement: “Without an improvement in sector performance in the very near future, the Government may face a much greater exposure than short-term funding relief.”

Essentially, the sector holds almost $30 billion in accommodation bonds. The three listed aged-care providers have a liability of more than $2 billion between them. No aged-care provider has enough assets to pay these debts back all at once if they go bust.


read more - https://www.thesaturdaypaper.com.au/news/po.../15701976008867
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
ShareScene.com
post Posted: Mar 29 2016, 12:24 PM
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Added by request - Japara Healthcare Ltd

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ShareScene Admin

 
 



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