TA - Healthway

Healthway daily show potential MCAD divergence but weekly chart does not demonstrate that.

Its Q2 is not good and its not very bad either, but at least its cashflow from ops become positive.  

I pray hard and hope that the daily divergence can get stronger and override the tide so that I can do some cut loss selling. Hope the testing of resistance at 20MA is successful.

News: Healthway

Singapore, 29th July 2011 – Healthway Medical Corporation Limited (the “Company” or
“Healthway”) is pleased to announce that the Health Promotion Board (“HPB”) has
awarded the Company a tender to provide on-site mental health screening services.
Under this pilot initiative spearheaded by HPB, Healthway nurses will conduct mental
health screenings for elderly residents at seven community locations including Hougang,
Woodlands and Choa Chu Kang.

Elderly residents above 50 years old will be screened by nurses using the Geriatric
Depression Scale, a validated screening tool. Based on the preliminary assessment, the
nurses will advise the participants accordingly, either to seek consultations with our onsite
Consultant Psychiatrists from Nobel Psychological Wellness Clinic, a specialist
practice of Healthway or seek further treatment at nearby polyclinics and community
counselling support services.

Dr Marcus Tan of Nobel Psychological Wellness Clinic said, “We are excited to be
involved in this meaningful HPB initiative. Together with HPB and my Healthway
colleagues, we hope to further raise awareness for geriatric depression and allow those
afflicted to know that help is readily available.

Old age can be an especially challenging stage in our lives. Apart from having to
negotiate various losses, individuals may also have to live with medical illnesses. The
latter especially can have an impact on our mood or vice versa. As such, it is not
surprising that the prevalence of depression is significantly higher in the elderly
compared to other age groups,” he added

Mr Lam Pin Woon, President and Executive Director of Healthway said, “We are pleased
to be selected by HPB to provide these mental health screening services to the elderly
residents in the community. This is evident that on top of our well established general
practitioner, specialist, dental and medical aesthetics network of clinics, we have also
built a creditable psychological wellness practice. We are glad to have this great
opportunity to touch the lives of people in Singapore and by doing so, we hope to play
our part to make healthcare more accessible and affordable to the masses.”

source: http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_BEF69C27E8854694482578DC003F9494/$file/PressRelease.pdf?openelement

____________________________________________________________________________

Wonder if the above will translate to good financial benefit to healthway?

Final sold the rights for healthway and use it to buy toto

The feeling to cut a bit of tumor is good....but the rest of tumor I still NATOing...which is bad.

16:XX:XX

0.0150

XX,XXX

Sold To Buyer

Healthway Got lawsuit?

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_2F94E8BBA9E3C7D64825788C002B833D/$file/HMC_LegalAction_20110510.pdf?openelement



Singapore, 10 May 2011 –The Board of Directors (the “Board”) of Healthway Medical
Corporation Limited (the “Company”) wishes to announce that on 25 January 2011,
Cyrus Capital Consulting (“Cyrus”) filed a Writ of Summons in the High Court of the
Republic of Singapore against Healthway Medical Group Pte Ltd (“HMG”), a subsidiary
of the Company, for a total sum of S$779,981.61 (or alternatively, damages to be
assessed), plus interest on the said amount and costs. Cyrus has alleged that certain
consulting fees, performance bonuses and commissions pursuant to a services contract
entered into between Cyrus and HMG in March 2009 remain due and payable.
HMG is resisting the entire claim by Cyrus. On 11 April 2011, Cyrus filed an application
for Summary Judgment, which is fixed for hearing on 27 May 2011. HMG will be
resisting this application and applying for unconditional leave to defend the action by
Cyrus. The Company's lawyers, have appraised and evaluated the merits of the
Company's defence to Cyrus' claims and are of the opinion that HMG has a good
defence to the case.
None of the Directors or substantial shareholders of the Company has any interest,
direct or indirect, in the aforesaid legal action.
The Company will make the necessary announcements as and when appropriate in due
course.
By Order of the Board
Lam Pin Woon
President and Executive Director
10 May 2011

________________________________________


Good luck to me.

Healthway Quantitative Summary

Dear Shareholders

Dear Shareholders,

It is very nice to have you as our shareholder. Last year when we need extra money for our expansion, we asked 1 for 8 at 0.075 and you lend to us generously. This year, our business will expand even more, but we need more money to expand in China as well as for our working captial.

Although inflation rate is around 4% to 5% per year, we will still ask you for the same percentage of money similar to last year, 1 for 8 at 0.075. Aren't we nice? Please lend us your money, we assure you that we will raise our profitability as before - 15 millions in 2009 as compared to 2.5 millions in 2010.

Do not worry. Our biggest shareholder will definitely accept all the rights. Thus you can be bold and lend us your money for our expansion, sooner or later our company will grow bigger, just like what we had promised you last year. We will keep our promise to raise our profitability to original level. We promise!

Buy, hold, average down and invest for long term when price is down???

One will alway hear other people say: When you buy a stock at $X and if the price drop below $X, you can think of it long term and hold it till it rise back again. Or even better, you could average it down by buying more stocks of the same company such that your price per unit is lower and could earn back potentially more that what you earn.

The statement above I think is only true to a certain extent. I had been through it and understand what it really mean. For now, I would say it is not "buy, hold, average down and invest for long term." I would say that it is "buy, hold and pray".

However, basically this is what I am doing now, "buy, hold and pray." I had brought Healthway Medical Group on four occasion.

When I bought the healthway, I was naive (although wasn't much better now), I did not even understand how to read earnings, PE ratio of financial statements. I was blindly chasing the hype by Peter Lim. My average price now is around 0.164 whereas the current share price is 0.135.

Fundamentally, after analyse the financial statement of healthway group now, basically it earn around 10m less and has 10m less net income in 2010 as compared to 2009. This is due to high staff cost to retain the staffs and lower revenue. In addition, the PE ratio is around 96 and cash flow is not very good too. Furthermore it want to issue right at 1 for 8 at 0.075 to ask more money from investors.

Although I do not need the money stuck in Healthway now, but I am still thinking if I am going to sell it. Basically what I am doing is "buy, hold and pray" and believe that the management said "The Group is determined to restore profitability to previous levels." is true. It may really become true but it may also crash further...who knows? The stock market is unpredictable.

My cut loss skill is still quite clouded by emotions. I need to improve this aspect.  Meanwhile, I think I need to slowly decide as this cut will almost wipeout half of my realised gain so far although it become much lesser if I realised more gain from my current holdings. Hopefully I can decide before Healthway's AGM at end of april.

Nevertheless, through my experience I had learnt something:

"Buy, hold, average down and wait for the price to come back is only true for fundamentally strong stock." Example, I will be more than willing to average down stock like Singtel.

If not, it will become "buy, hold and pray."

This is an expensive lesson, investors who advocate "buy, hold, average down and invest for long term" please do not make the same mistake as me such that it become "buy, hold and pray".