IBA - IBA Health
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i am waiting for the stock to reach better value. i think it got diluted pretty severely with the $300 million capital raising in addition to the ones that a lot of us bought the rights to. also, it is not paying dividends. lastly, the isoft shareholders are likely to dump a lot of their stocks because if i am correct with exchange rates, etc. they are in a far better position than we are. so the donward move is fair and I think a good entry might be in the 0.8's. having said that i have bought IBA at 1.3. 1.2 1.05. so i still think it is a fabulous company once this isoft fiasco is out of the way.
bigdog
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Allco Equity Partners (AEP) IBA extract from article below:
It has started the new financial year on a more positive note, through a $324 million cornerstone investment in listed healthcare software provider, IBA Health Ltd.
AEP's investment is conditional on IBA executing a $410 million takeover of UK-based iSoft Plc.
If the IBA transaction goes as planned, Mr Derwin said AEP could still afford to make an acquisition with an enterprise value of $500 million by the first quarter of calendar 2008.
AEP shareholder rile against Allco deal
September 26, 2007 - 12:34PM
http://www.smh.com.au/news/Business...inst-Allco-deal/2007/09/26/1190486365920.html
Listed cash box Allco Equity Partners Ltd has come under fire from shareholders over its decision to sell a large stake of the company to close affiliate Allco Finance Group Ltd.
The transaction was approved by AEP shareholders at the group's annual general meeting in Sydney on Wednesday.
But unease over the deal was expressed by a large proportion of AEP's shareholders, including big institutional investor, AMP Ltd.
Since listing in December 2004, AEP has failed to execute a number of transactions, including a part tilt at Qantas, and its shares have fallen substantially.
AEP told shareholders that its deal-making prospects improved in July when it came under the management control of Allco, which invests in global transport and renewable energy infrastructure assets.
The shift in management control involved Allco paying an undisclosed sum for AEP's private management company.
Former Publishing and Broadcasting Ltd head and Macquarie banker, Peter Yates, who stood down as managing director of AEP in July, has declined to reveal how much he was paid for his 30 per cent interest in the management company.
Allco also wanted to lift its stake in AEP to 35 per cent at $5.00 a share, but needed shareholder approval for most of that purchase because AEP is publicly listed.
At the AGM, over 50 per cent of AEP's shareholders abstained from voting on the transaction, including AMP, which holds eight per cent of the group.
New AEP managing director Marcus Derwin told journalists that AMP abstained because it believed the transaction was "out of kilter" with the Australian Securities Exchange's corporate governance standards.
This came despite an independent report by Ernst & Young concluding the transaction was in shareholders' best interests.
"I'm not there to say what was the right price (for the deal)," he told journalists after the meeting.
"I actually see it in totality, and in totality, I think it was a fair and reasonable deal."
AEP chairman David Coe, who is also executive chairman of Allco, said the abstain vote was made "unusually high" because parties set to benefit from the transaction were not allowed to vote.
Mr Coe said the biggest of those shareholders, LJCB Investment Group, held about 20 million AEP shares. About 31 million shareholders voted in favour of the transaction, six million voted against, and 37 million abstained.
AEP was part of the failed $11 billion bid for Qantas and also failed in attempts to buy paint maker Wattyl Ltd and credit checker Veda Advantage Ltd.
It has started the new financial year on a more positive note, through a $324 million cornerstone investment in listed healthcare software provider, IBA Health Ltd.
AEP's investment is conditional on IBA executing a $410 million takeover of UK-based iSoft Plc.
If the IBA transaction goes as planned, Mr Derwin said AEP could still afford to make an acquisition with an enterprise value of $500 million by the first quarter of calendar 2008.
"Funds and borrowings are still obtainable for good transactions and for quality customers," he said.
Mr Coe said higher debt costs due to the global credit squeeze would reduce highly leveraged buyout activity.
But he said big private equity transactions worth up to $10 billion could still be pulled off, but only if players joined forces.
AEP shares, which were originally offered in 2004 at $6.00, closed one cent lower at $3.98 and Allco gained 10 cents to $8.67.
Mr Derwin said he believed that the underlying value of AEP's investments was not reflected in its share price.
It has started the new financial year on a more positive note, through a $324 million cornerstone investment in listed healthcare software provider, IBA Health Ltd.
AEP's investment is conditional on IBA executing a $410 million takeover of UK-based iSoft Plc.
If the IBA transaction goes as planned, Mr Derwin said AEP could still afford to make an acquisition with an enterprise value of $500 million by the first quarter of calendar 2008.
AEP shareholder rile against Allco deal
September 26, 2007 - 12:34PM
http://www.smh.com.au/news/Business...inst-Allco-deal/2007/09/26/1190486365920.html
Listed cash box Allco Equity Partners Ltd has come under fire from shareholders over its decision to sell a large stake of the company to close affiliate Allco Finance Group Ltd.
The transaction was approved by AEP shareholders at the group's annual general meeting in Sydney on Wednesday.
But unease over the deal was expressed by a large proportion of AEP's shareholders, including big institutional investor, AMP Ltd.
Since listing in December 2004, AEP has failed to execute a number of transactions, including a part tilt at Qantas, and its shares have fallen substantially.
AEP told shareholders that its deal-making prospects improved in July when it came under the management control of Allco, which invests in global transport and renewable energy infrastructure assets.
The shift in management control involved Allco paying an undisclosed sum for AEP's private management company.
Former Publishing and Broadcasting Ltd head and Macquarie banker, Peter Yates, who stood down as managing director of AEP in July, has declined to reveal how much he was paid for his 30 per cent interest in the management company.
Allco also wanted to lift its stake in AEP to 35 per cent at $5.00 a share, but needed shareholder approval for most of that purchase because AEP is publicly listed.
At the AGM, over 50 per cent of AEP's shareholders abstained from voting on the transaction, including AMP, which holds eight per cent of the group.
New AEP managing director Marcus Derwin told journalists that AMP abstained because it believed the transaction was "out of kilter" with the Australian Securities Exchange's corporate governance standards.
This came despite an independent report by Ernst & Young concluding the transaction was in shareholders' best interests.
"I'm not there to say what was the right price (for the deal)," he told journalists after the meeting.
"I actually see it in totality, and in totality, I think it was a fair and reasonable deal."
AEP chairman David Coe, who is also executive chairman of Allco, said the abstain vote was made "unusually high" because parties set to benefit from the transaction were not allowed to vote.
Mr Coe said the biggest of those shareholders, LJCB Investment Group, held about 20 million AEP shares. About 31 million shareholders voted in favour of the transaction, six million voted against, and 37 million abstained.
AEP was part of the failed $11 billion bid for Qantas and also failed in attempts to buy paint maker Wattyl Ltd and credit checker Veda Advantage Ltd.
It has started the new financial year on a more positive note, through a $324 million cornerstone investment in listed healthcare software provider, IBA Health Ltd.
AEP's investment is conditional on IBA executing a $410 million takeover of UK-based iSoft Plc.
If the IBA transaction goes as planned, Mr Derwin said AEP could still afford to make an acquisition with an enterprise value of $500 million by the first quarter of calendar 2008.
"Funds and borrowings are still obtainable for good transactions and for quality customers," he said.
Mr Coe said higher debt costs due to the global credit squeeze would reduce highly leveraged buyout activity.
But he said big private equity transactions worth up to $10 billion could still be pulled off, but only if players joined forces.
AEP shares, which were originally offered in 2004 at $6.00, closed one cent lower at $3.98 and Allco gained 10 cents to $8.67.
Mr Derwin said he believed that the underlying value of AEP's investments was not reflected in its share price.
Thought id brush the dust off this one. Been holding since july and just bought sum more the other for an overall purchise price of $1.13 so now finally getting ahead yah!!
Take over of iSoft is finally complete and now we hopefully see some positive movement in the SP.
Anybody else still holding? Anybody want to add their thoughts on IBA?
Take over of iSoft is finally complete and now we hopefully see some positive movement in the SP.
Anybody else still holding? Anybody want to add their thoughts on IBA?
Gday Patrick. I really like the look of IBA from a technical perspective. I see the next target at around $1.45. Check out a post if you would like which I did earlier today under the "My last trade base on T/A" in Trade Systems Section (I think ) Cheers.
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Gday Patrick. I really like the look of IBA from a technical perspective. I see the next target at around $1.45. Check out a post if you would like which I did earlier today under the "My last trade base on T/A" in Trade Systems Section (I think
Can anyone comment why did IBA drop so much? Its 70c now.
Is it just because of the sh*tty market caused by subprime?
Anyone can do a chart analysis or fundamentals update?
Bought some at .605 yesterday
Can anyone comment why did IBA drop so much? Its 70c now.
Is it just because of the sh*tty market caused by subprime?
Anyone can do a chart analysis or fundamentals update?
Bought some at .605 yesterday
It showing up as a buy on every system that I have got.
Weinstein, guppy, berg, bollinger, have a look and see what you recon
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IBA - IBA Health: Capital raising today.
Today's announcement has me puzzled (holding these ones long term) discounted share offer to raise capital... worrying signs, or good shoring up of position.? Anyone else following them & up with what's going on?
Thoughts or knowledge on this appreciated. Roady.
------------------------------
"• IBA today launched an equity raising of up to $124 million comprising a 2 for 7 accelerated non-renounceable pro-rata entitlement offer (“Entitlement Offer”), at an offer price of $0.55 per share.
• The institutional component of the Entitlement Offer, representing approximately $77 million is committed:
– IBA’s largest shareholder, AEP Financial Services Holdings Pty Ltd (“AEP”), has confirmed its support for the Entitlement Offer and has committed to take up its full pro-rata entitlement under the Entitlement Offer, equivalent to approximately $32 million."
Today's announcement has me puzzled (holding these ones long term) discounted share offer to raise capital... worrying signs, or good shoring up of position.? Anyone else following them & up with what's going on?
Thoughts or knowledge on this appreciated. Roady.
------------------------------
"• IBA today launched an equity raising of up to $124 million comprising a 2 for 7 accelerated non-renounceable pro-rata entitlement offer (“Entitlement Offer”), at an offer price of $0.55 per share.
• The institutional component of the Entitlement Offer, representing approximately $77 million is committed:
– IBA’s largest shareholder, AEP Financial Services Holdings Pty Ltd (“AEP”), has confirmed its support for the Entitlement Offer and has committed to take up its full pro-rata entitlement under the Entitlement Offer, equivalent to approximately $32 million."
skc
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Re: IBA - IBA Health: Capital raising today.
Hey... I only just started using the blog on ASF to write down my thoughts on shares. So go have a look at my take on IBA. It is very important to note that they are purely my view of things - DYOR.
https://www.aussiestockforums.com/forums/blog.php?b=542
PS - after writing the blog entry I also think that the SP might have been propped up a little in the last few weeks so they get a better price on the rights issue. I have accordingly lowered my entry point, and will wait for the sellers to retreat on the order book before going long.
Hey... I only just started using the blog on ASF to write down my thoughts on shares. So go have a look at my take on IBA. It is very important to note that they are purely my view of things - DYOR.
https://www.aussiestockforums.com/forums/blog.php?b=542
PS - after writing the blog entry I also think that the SP might have been propped up a little in the last few weeks so they get a better price on the rights issue. I have accordingly lowered my entry point, and will wait for the sellers to retreat on the order book before going long.
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Thx for thoughts SKC, IBA's one of my treasured few wins this year.
PS: like your snapshot too
PS: like your snapshot too
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Looking at the new offer. 2 x capital raisings in a year. seems a real dilution of value. truck load of debt in a tight marketplace. return on equity starting to slide as a result.
any ideas on the latest offer? i'm disinclined.
any ideas on the latest offer? i'm disinclined.
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IBA Health (IBA) is now known as iSoft Group (ISF).
Discussion of this company now continues in the ISF thread, which can be found here: https://www.aussiestockforums.com/forums/showthread.php?t=17390
This thread has now been closed.
Discussion of this company now continues in the ISF thread, which can be found here: https://www.aussiestockforums.com/forums/showthread.php?t=17390
This thread has now been closed.
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