Premier Health of America Inc. V.PHA

@ the Bell: Markets come roaring back

[profitprophet1]

The vast majority of shares were purchased prior to the Quebec announcement. At this point it might be better to use the $otherwise.  For example paying off debt/chasing business outside Quebec.&

[Jon Brown]

After a few lacklustre sessions, Canada's main stock index joined markets across the globe in a higher trading day on Friday read article.

[colourama]

Updated NCIB count posted earlier - I tally (hopefully with no calculation mistake) 1,156,000 shares bought back under the NCIB since the start. This is about 81% of the maximum permitted under the

[colourama]

Snootchybootchy, good point - in their MD&A they mention that "Generally speaking, demand for our services is expected to remain strong for the foreseeable future." It is also good news

[snootchybootchy]

It seems to me that although the shortage of nurses impacts the ability of PHA to grow, it also makes their services indispensable.

[Jon Brown]

Equities in Canada’s largest edged up on Thursday, all over a pause in US rate hikes and the passing of a bill to suspend the debt ceiling. read article.

[CauseWhyNot]

Hmm not sure if the actually hirer the healthcare staffs or if they are just the agency.  however, I meant hirer business development people to start finding healthcare workers and getting

[Jon Brown]

Investors often keep focused on the most consistent plays, when times of renewed uncertainty rears its head in the markets. read article.

[Torontojay]

That's a good point Colourama. I think they should simply focus on their current operations and pay down debt as long as interest rates remain elevated. The interest expense is now reducing its

[colourama]

Appreciate the update! Certainly looking forward to achieving this price target (and higher) as admittedly I am deep in the red on this stock. For the point of, why don't they just hire people

[CauseWhyNot]

Acumen put a target of 0.85 based on 8 times 2024 ebitda. they also noted they are looking for acquisitions outside of Quebec still.  both okay news.. I'd like them to just start

[CauseWhyNot]

Excellent! Appreciate the info!

[Torontojay]

Overall it was a pretty good quarter. The receivables should come down and it's almost equal to long term debt. Working capital is almost $15m which is pretty good considering their market cap is

[colourama]

CauseWhyNot, regarding receivables, to give them credit, they do mention that "Since early March we added temporary employees to help in clearing the backlog. As at mid May we have reduced our

[CauseWhyNot]

There are several items I wish they rewrote. It's on par with my writing which isn't saying a lot. Lol. Agreed, seems to be an improvement. I'd like more commentary on receivables and

[colourama]

On the whole, an improvement and trending in the right direction. (Their news release contains an obvious error though ("first quarter" instead of "second quarter" in the very

[PressRelease]

MONTREAL, May 29, 2023 (GLOBE NEWSWIRE) -- Premier Health of America Inc. (TSXV: PHA) (the “Corporation”), a leading Canadian Healthtech company, announces it has filed its Unaudited Quarterly Consolidated Financial Statements and MD&A for its first quarter ended March 31, 2023. First Quarter...read article.

[colourama]

I was anticipating from previous years that they would have published their quarterly results over a week ago - not sure why the delay this year. I think if they can return to their "typical