PULSE HEALTH LIMITED (PHG)



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General Information
Company Name: Pulse Health Limited
Stock Code: PHG
Website: www.pulsehealth.net.au
GICS Sub-Industry: Health Care Services
Market Cap ($M): 32
Equiv. Shares (M): 455

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 0.070 $ 0.066 $ 0.070 $ 0.066 $ 0.063 457,484 $ 0.007  11.111 %

Company Overview

Business Description:
Pulse Health Limited (PHG) is an integrated health services provider with private hospitals, day surgeries and community home care, and health recruitment agencies. Pulse Health business comprises 6 hospitals, 1 community home care services and 1 recruitment agencies in New South Wales and Queensland.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2012  A 0.7 0.3 0.0 15.5 0.0 0.0 --
2011  A 0.8 0.3 -- 13.3 0.0 0.0 --
2010  A -0.9 -0.5 -- 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
Pulse Health (PHG) $29 M -0.0666 -- -- 22.5000 -- -- 0.0000 -- --

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
PHG 0.72 25.0 1.70 -- 0.47
Market 1.11 13.3 0.91 2.51 2.66
Sector 0.73 19.3 2.67 1.58 1.89

Directors
Name Position Start Date
Mr Stuart Bruce James Non-Executive Chairman 07 November 2007
Mr Craig Evan Coleman Non-Executive Director 01 January 2010
Mr Andrew Gregory Non-Executive Director 15 March 2006
Mr Bruce Levy Non-Executive Director 16 July 2012

Management
Name Position
Wendy Thorne Chief Operating Officer, Operations Manager
David Franks Company Secretary
Justin Matthews Joint Company Secretary,Chief Executive Officer

Substantial Shareholders
Holding Name
191,417,749 (40.22%) Wyillie Group Pty Ltd
25,194,887 (5.29%) Benger Superannuation Pty Ltd
34,800,000 (7.31%) Finance Associates Pty Ltd
43,827,184 (9.21%) Throvena Pty Ltd And Macquarie Health Corporation Ltd

Calendar of Events
Date Event
24 February 2014 Report (Interim)
16 September 2013 Report (Annual)
27 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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