Abano Healthcare Group Limited (NZX: ABA) confirms that the Scheme of Arrangement with Adams NZ Bidco Limited is now unconditional and will be implemented today, 22 December 2020.
The company has not received any notice of a Price Adjustment event and therefore Abano shareholders will be paid $5.20 per Abano share. Payment of the Scheme price to Abano shareholders as at 5.00pm on 16 December 2020, will be made today.
Abano ordinary shares will be delisted and will cease to be quoted from close of business today.'
Well done all LTH's, I got in with a small amount @ $1.54, got my payout yesterday, now looking for other unicorns such as this one, been a pretty sweet ride, cheers.
Before it disappears here's the long term ABA chart
Been a wild ride - some punters have done well and others have been burnt - and for a few maybe as loyal long term holders the $5 is a bit of a get out of jail card and relief the journey is over.
A good example of 'The market giveth but the market also taketh.
Last thought - management can't be proud of their record over the years, especially when they went down the path of corporate consolidation of hearing clinic and dental practices. ABA has had a long history of value destruction - using more and more capital for ever diminishing returns on that capital,
To those who cashed in lately on the takeover well done - a good punt eh.
Last edited by winner69; 23-12-2020 at 10:23 AM.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Appreciate that but the the saying is a warning that when the market has given you heaps don't let it taketh away
Big increases in ABA shareprice (giveth) on ABA over the years generally followed by big falls (taketh)
Good thing this time around a greater fool (the acquiror) has giveth more and we'll take it
Well I'm still down 40% on A2 Milk, and the small earnings I got from ABA doesn't even cover 2/3 of it since I've placed a lot of eggs in that basket.
So what you're saying rings true. Appreciate that.
When there's a winner, there's got to be losers. Someone has to lose money in order for you to make money.
Not true. There are the "traders companies" with mediocre boards and management (like Abano) which offer a win-lose situation for the holders. For these companies timing is everything.
On the other hand are there as well great companies run by outstanding boards (like e.g. Mainfreight or FPH to name just some) where everybody is a winner (not really a timing issues).
Obviously - there are as well some companies where basically everybody is a loser (CBL or WYN) and there are some just in between ....
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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Originally Posted by calledone
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