TAH - Third Age Health Services

[Snow Leopard]

Compliance Listing on 11-Feb-21

Listing & Quotation Notice

Their website: https://www.thirdagehealth.co.nz/

[Joshuatree]

Like radius no shares offered. Norah barlow one of the directors.

Details of Issue:
Quoted Securities at Date of Listing:
Reference Price: Tick Size: Auditors:

Third Age Health Services Limited TAH
NZTAHE0001S0
Third Age Health
536 Kennedy Road, Greenmeadows Napier, 4112 www.thirdagehealth.co.nz
+64 6 844 0011 31 March
Third Age Health was founded in 2010. It provides mobile primary care services to the aged residential care sector, meeting that sector's requirement to provide around the clock access to health care services 365 days a year. Third Age Health also owns and operates one 'traditional' primary care medical centre.
Directors Bevan Walsh (Chair), Michael Haskell, Norah Barlow, John Fernandes
The Quotation is solely a compliance listing. There is no public offer of Third Age Health Service Limited Ordinary Shares.
9,750,000
$2.15 NZD $0.01

[nztx]

Aha .. no full Company financials anywhere & even scantier financial info than RAD ?

What's wrong with these Outfits - don't they want new investors ?

Afraid I would consider throwing even 15c let alone $2.15 at something that hasn't
bothered to present anything in way of recent Summary Accounts ..

[Baa_Baa]

Aha .. no full Company financials anywhere & even scantier financial info than RAD ?

What's wrong with these Outfits - don't they want new investors ?

No they don't, they want someone for current shareholders to sell to. Another exit strategy, so called 'compliance listing'.

[nztx]

No they don't, they want someone for current shareholders to sell to. Another exit strategy, so called 'compliance listing'.

Public listed though - surely NZX should insist on something - even a banana skin with a few figures scrawled
roughly on it is better than nothing .. to keep the market informed or has that gone out the window

[winner69]

Nztx

Some financials here
https://www.thirdagehealth.co.nz/financial-statements/

I thought you were the expert at sniffing out debits & credits

[nztx]

Thanks Winner -- those Green Crosses must have blinded to thinking I was somewhere else ..

[nztx]

A brief running the Ruler - No bricks & mortar onboard - just a 4-5 year lease

Minus Dollar Amount for paid in Share Capital - how the heck did that happen ?

Did they pay everyone to take away their shares in the outfit ?

How about the same deal for anyone new jumping onboard ?

On the basis of what I see - not my cup of tea IMO

[Scrunch]

Minus Dollar Amount for paid in Share Capital - how the heck did that happen ?

I'll bite, share buybacks. As shown in the consolidated statement of Changes in Equity. Had Share capital of ($1,290,399) at 1 April 2019. There was then a share buyback of $257,355 and $499 shares issued meaning that by 30 Sept 2019 share capital had declined to ($1,547,255).

[nztx]

I'll bite, share buybacks. As shown in the consolidated statement of Changes in Equity. Had Share capital of ($1,290,399) at 1 April 2019. There was then a share buyback of $257,355 and $499 shares issued meaning that by 30 Sept 2019 share capital had declined to ($1,547,255).

Thanks - appreciated - it just seems odd adjusting $hareCapital in buyback situation to put it in deficit position
by whole amount of Buyback consideration

Obviously the Buyback value takes into account Reserves into the SP BB consideration - so why didn't they adjust the excess
over average paid in Share value to a deficit special reserve or reduce accumulated reserves/profits ?

but hey with the mickey mouse Lease accounting standards applied these days, nothing would surprise ..