No Images? Click here VETERINARY NEWSLETTER March 2019 The Cenversa Share Offer and Bonus Share OfferThe Cenversa Share Offer and Bonus Share Offer The offer is priced at 80 cents per share, the ruling price in recent transactions. However, there is a big sweetener:-
Depending on market conditions the principle shareholder and Managing Director, Lionel Bloom is planning an IPO and stock market listing in about three years, but I observed that these plans can be captive of wider economic events. The stock market has to be in a healthy state to achieve a good IPO and listing. Those veterinarians interested in purchasing shares can contact the Company Secretary, Tracey West (tracey.west@cenversa.com.au). VetShare Limited Greencross Limited Relationships Recently, veterinary recruitment business, Kookaburra, was quoted as indicating that it had a multitude of unfillable veterinary vacancies. Privately owned veterinary practices with active vets, preferably with two partners, have a huge natural advantage over corporate practices with staffing difficulties. Another Corporate Collapse A recent example from the dental profession is of a company called Smile Inclusive Ltd which has its initial public offer in May 2018 priced at $1.00 per share then briefly touched $1.18 on the stock market before sliding to 0.29 cents. Last week it crashed to 13.5 cents after a comment at the bottom of its half yearly results revealed that it had breached its banking covenants. A director had also resigned during the week. We are guessing that it’s not a happy place and at time of writing it was suspended from trading on the stock market. Best wishes to all Vets, Graham Middleton Disclaimer The information contained herein is of a general nature and no specific action should be taken without individual advice. Speak with Synstrat staff as appropriate. Prepared by Synstrat Management Pty Ltd for clients of the Synstrat Group. Synstrat Management Pty Ltd is the holder of Australian Financial Services Licence number 227169. The Synstrat Group consists of two companies, Synstrat Accountinvg Pty Ltd and Synstrat Management Pty Ltd. The two companies are owned in parallel by the Synstrat partners who are directors of both companies.
The Synstrat Group are Australia's most experienced Veterinary practice business advisers, accountants, practice valuers and licensed financial advisers. The information contained herein is of a general nature and no specific action should be taken without individual advice. Synstrat Management Pty Ltd P. 03 9843 7777 ABN 57 006 295 325 If you are not the intended recipient of this communication please delete and destroy all copies of this message and telephone Synstrat on +61 3 9843 7777 immediately. If you are the intended recipient of this communication you should not copy, disclose or distribute this communication without the authority of Synstrat. Any views expressed in this communication are those of the individual sender, except wh ere the sender specifically states them to be the views of Synstrat. If you do not wish to receive this email in future, please reply to the sender requesting termination of service. |