ABA Abano health

[BlackPeter]

ACC buying in :

https://www.nzx.com/companies/ABA/announcements/255400

Time to review my holding?

[zigzag]

ACC buying in :

https://www.nzx.com/companies/ABA/announcements/255400

Time to review my holding?

Don't you mean ACC selling down?

[BlackPeter]

Don't you mean ACC selling down?

Oops - you are right ... despite ACC now (18 Sep 2014) holding more shares than at last disclosure (13 May 2011), did the percentage of the shares they are holding drop . I've overseen the capital raising between these 2 disclosure dates (which they didn't had to disclose because it didn't change their percentage). Ah well, if ACC is selling, than there is no reason to be concerned ...


Date this disclosure made: 18 September 2014
Date last disclosure made: 13 May 2011

Substantial security holder(s) giving disclosure
Name(s): Accident Compensation Corporation (“ACC”)
Nicholas Bagnall, Paul Robertshawe, Blair Tallott, Blair Cooper, Jason Familton
Contact details: Matthew Cunliffe +64 4 816 5743 investmentscompliance@acc.co.nz

Summary of substantial holding to which disclosure relates
Class of listed voting securities: Ordinary Shares
Summary for: Accident Compensation Corporation (“ACC”)
Nicholas Bagnall, Paul Robertshawe, Blair Tallott, Blair Cooper, Jason Familton

For this disclosure,—
(a) Total number held in class: 1,150,636
(b) Total in class: 20,752,126
(c) Total percentage held in class: 5.545%

For last disclosure,—
(a) Total number held in class: 1,026,503
(b) Total in class: 15,671,992
(c) Total percentage held in class: 6.550%

Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure under the instructions to this form:
Sale of 9,251 shares for net consideration of NZD $65,616.42 on the 16th of September 2014.


I really wish they would move to a more readable format for these announcements. A simple table showing all relevant transactions would be so much easier to understand!

[zigzag]

Actually BlackPeter, it looks as though we were both guilty of skimming over the announcement, and missing the full picture. Tried to go back and look at other SSH notices, but the useless NZX only keeps these notices up for 6 months. Way to encourage smaller shareholders to the NZX. "NOT"

[BlackPeter]

anybody who could report from the annual meeting?

[percy]

I note from Craig's latest research ABA are getting very good growth from hearing in Australia.
I am left wondering for how long? as I note COSTCO have now decided hearing is a growth category.
Maybe ABA's margins will come under pressure and hearing aids will become a lot cheaper!

[BlackPeter]

Abano advises that it is pulling out of the negotiations for the Wellington region pathology services:

https://www.nzx.com/companies/ABA/announcements/260210

“Our decision to withdraw was not taken lightly. We believe that the current process would result in an
outcome that was clinically unsound and financially unsustainable, and with all risk being transferred to
the provider.”

Ouch - not sure, about the competitors, but if it is cheaper for Abano to write off $11 Million than accepting the proposed conditions from the DHP, than I am wondering who else might want to take this poisoned chalice? Another DHB screw up?

[noodles]

Abano advises that it is pulling out of the negotiations for the Wellington region pathology services:

https://www.nzx.com/companies/ABA/announcements/260210

“Our decision to withdraw was not taken lightly. We believe that the current process would result in an
outcome that was clinically unsound and financially unsustainable, and with all risk being transferred to
the provider.”

Ouch - not sure, about the competitors, but if it is cheaper for Abano to write off $11 Million than accepting the proposed conditions from the DHP, than I am wondering who else might want to take this poisoned chalice? Another DHB screw up?

Could be a bluff?

[winner69]

Could be a bluff?

Didn't they try this trick before?

[BlackPeter]

quite weak demand - and director buying (well - $20k worth of shares) ... maybe for others as well an opportunity to top up?

https://www.nzx.com/files/attachments/208292.pdf

Discl: holding (some)