ALLIED HEALTHCARE GROUP LTD (AHZ)



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General Information
Company Name: Allied Healthcare Group Ltd
Stock Code: AHZ
Website: www.alliedhealthcaregroup.com.au
GICS Sub-Industry: Health Care Equipment
Market Cap ($M): 61
Equiv. Shares (M): 1,035

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 0.054 $ 0.059 $ 0.060 $ 0.054 $ 0.059 18,095,557 $ -0.005  -8.475 %

Current Broker Consensus Recommendation more
Recommendation: Buy
Recommendation Date: 3rd Apr 2013
12 Month Target Price (average): $0.61
Brokers Surveyed: 1

Company Overview

Business Description:
Allied Healthcare Group Ltd (AHZ) is a diversified healthcare company investing in and developing next generation technologies of medical devices. The Company focuses on commercializing tissue engineering technology for use in cardiovascular and soft tissue repair surgery. AHZ comprises three businesses: Coridon; Celxcel; and Allied Medical Ltd.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2012  A -4.6 -0.7 -- 0.0 0.0 0.0 --
2011  A -2.0 -1.0 -- 0.0 0.0 0.0 --
2010  A -1.2 -0.9 -- 0.0 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F
Allied Healthcare Group (AHZ) $56 M -- -- -- -- -- -- 0.0000 -- --
Cochlear (COH) $3,250 M -0.0995 -0.1513 0.1824 20.5082 24.1645 20.4369 0.0430 0.0439 0.0442
ResMed (RMD) $7,672 M 0.2200 0.2673 0.1269 29.1543 23.0051 20.4141 0.0000 0.0146 0.0177

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
AHZ -- -- 4.54 -- 6.08
Market 0.94 12.5 0.82 1.91 2.50
Sector 0.84 20.4 2.80 2.69 1.85

Directors
Name Position Start Date
Mr Michael C Bennett Executive Director 16 July 2003
Mr Lee Rodne Managing Director 16 June 2011
Mr Christopher Catlow Non-Executive Chairman 16 June 2011
Mr Graeme Rowley Non-Executive Director 16 June 2011
Mr Peter Turvey Non-Executive Director 18 May 2012

Management
Name Position
Stephen Mann Chief Financial Officer,Company Secretary
Julian Chick Chief Operating Officer
Darren Michael Bromley Company Secretary
Lynne Bradshaw Director-Marketing
Danny Zanardo Director-Sales
Bob Atwill Group Executive and CEO of the Regenerative Medicine Franchise

Substantial Shareholders
Holding Name
140,996,274 (17.59%) The Metal Group Pty Ltd
96,055,000 (11.98%) AVI Capital Pty Ltd
77,055,941 (9.61%) McRae Technology Pty Ltd

Calendar of Events
Date Event
21 February 2014 Report (Interim)
18 October 2013 Report (Annual)
27 September 2013 Report (Annual)
30 August 2013 Report (Prelim)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.

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