1300 Smiles Limited’s Expansion Efforts

Opens new flagship Practice in Morayfield, Queensland: 1300 Smiles Limited’s (ASX: ONT) stock edged low on June 26, 2018 after the company officially opened a new flagship 1300SMILES Practice, which is the brand new, greenfield, state-of-the-art dental practice, in Morayfield, Queensland. This new Practice has the ability to upscale and grow with the  increase in dental services demand, as well as have the scope to utilise some of these rooms for allied health, NDIS, and other related health services in the short-medium term, until required for dental services. The 1300SMILES Practice is strategically located within the $100 million Health Hub Morayfield, which aims to provide the local community to access over 90 medical general practitioners and specialists, along with a state-of-the-art Minor Accident, Emergency and Illness Centre (with ambulance bays), a Mum and Bub Hub, as well as QML Pathology, X-ray and Diagnostic Imaging facility, Blue Care, Open Minds, USC (University of the Sunshine Coast) clinical trials facility, iHear Hearing Clinic, Pharmacy and many more expected to come, including optometry, renal dialysis, a coffee shop/café, day-surgery hospital services. It is expected that more than 3000 patients a day may receive health care treatment / services through its various facilities, once the Health Hub Morayfield is fully operational. Moreover, 1300SMILES Practice at Morayfield is the most recent acquisitions in Queensland, including Buderim, Maleny, Gladstone, Roma and Ingham. This acquisition is subject to completion of the recently announced Noosa acquisition (which still remains subject to contractual preconditions). After this acquisition, the total number of practices acquired or opened by ONT this past 12 months will be nine, which represents a 37% increase in the overall number of Practices. Meanwhile, ONT stock has fallen 1.57% in three months as on June 25, 2018  and is trading at a P/E of 19.99x.


Disclaimer

The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkine.com.au and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). The information on this website has been prepared from a wide variety of sources, which Kalkine Pty Ltd, to the best of its knowledge and belief, considers accurate. You should make your own enquiries about any investments and we strongly suggest you seek advice before acting upon any recommendation. Kalkine Pty Ltd has made every effort to ensure the reliability of information contained in its newsletters and websites. All information represents our views at the date of publication and may change without notice. To the extent permitted by law, Kalkine Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss or data corruption). If the law prohibits this exclusion, Kalkine Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services. There may be a product disclosure statement or other offer document for the securities and financial products we write about in Kalkine Reports. You should obtain a copy of the product disclosure statement or offer document before making any decision about whether to acquire the security or product. The link to our Terms & Conditions has been provided please go through them and also have a read of the Financial Services Guide. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s