Hi Victor and Rusmin,
I am looking at Healthway Medical. Looks to me their business is good, just really horrible management previously. But now that Lippo Group is stepping in, would this be a good sign for HMC?
What are you views of the Lippo Group Management? I believe they own OUE, auric pacific and now getting in to the Healthcare business in Singapore. Seems like they are very savvy business people, but I am not sure how to analyze if they would also to “fair” to shareholders.
Second, HMC was bailed out by Gateway partners with a $60M convertible bond. The bond are convertible at a price of $0.03384. How should I take this share dilution into consideration when I am doing valuation for HMC?
Thanks for your help.
Hi Chui Ong,
With Lippo stepping in as management seem like a good sign. So far, our observation of Lippo management is a average management. Track record of them is not fantastic and also not that bad just average.
You have to take into account the number of shares that will be converted to account the dilution.
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