Inactive Instrument

SILK LASE

Equities

SLA

AU0000121618

SILK Laser Australia : Ord Minnett rates SLA as Downgrade to Accumulate from Buy

October 25, 2021 at 02:31 am

Ord Minnett lowers its rating for Silk Laser Australia to Accumulate from Buy, after a strong recent run in the share price. The target price rises to $5.15 from $4.85, after the September quarter was 5% ahead of the broker's expectations.

The analyst notes the company continues to self-fund growth towards its 150-clinic target from 118.

Sector: Health Care Equipment & Services.

Target price is $5.15.Current Price is $4.92. Difference: $0.23 - (brackets indicate current price is over target). If SLA meets the Ord Minnett target it will return approximately 4% (excluding dividends, fees and charges - negative figures indicate an expected loss).

Latest news about SILK LASE

Wesfarmers Subsidiary Completes Acquisition of Silk Laser	11-29	MT
Australian Pharmaceutical Industries Limited completed the acquisition of SILK Laser Australia Limited from Wilson Asset Management (International) Pty Limited and others.	11-28	CI
SILK Laser Australia Limited Announces Special Distribution, Payable on November 28, 2023	11-05	CI
SILK Laser Australia Limited Reports Earnings Results for the Full Year Ended June 30, 2023	29/08/23	CI
SILK Laser Australia Limited?s Board intends to launch an Equity Buyback Program.	29/08/23	CI
Australian, New Zeeland Regulators Clear Wesfarmers’ Proposed Acquisition of Silk Laser Australia	10/08/23	MT
Miners, financials drag Australian shares to near 3-month low	26/06/23	RE
Australia Wesfarmers' unit to acquire aesthetics firm SILK Laser in improved deal	26/06/23	RE
Australia Wesfarmers' unit to buy aesthetics firm Silk Laser for $120 mln	26/06/23	RE
Australian Pharmaceutical Industries Limited terminated the process deed to acquire SILK Laser Australia Limited from Wilson Asset Management (International) Pty Limited and others	31/05/23	CI
EC Healthcare made an offer to acquire SILK Laser Australia Limited from Wilson Asset Management (International) Pty Limited and others for approximately AUD 180 million.	22/05/23	CI
Australian Pharmaceutical Industries Limited made a offer to acquire SILK Laser Australia Limited from Wilson Asset Management (International) Pty Limited and others for approximately AUD 170 million.	18/04/23	CI
SILK Laser Australia Limited(ASX:SLA) dropped from S&P/ASX Emerging Companies Index	20/03/23	CI
Silk Laser Australia Completes Acquisition of Laser Clinic Chain	03/03/23	MT
Eden Laser Clinics Pty Ltd completed the acquisition of Eden Laser Clinics Pty Ltd.	28/02/23	CI
SILK Laser Australia Limited Reports Earnings Results for the Half Year Ended December 31, 2022	27/02/23	CI
Surging US Consumer Confidence Buoys Australian Shares	22/12/22	MT
Silk Laser Australia Signs Deal to Acquire Cosmetic Clinic Chain	22/12/22	MT
Eden Laser Clinics Pty Ltd entered into a binding agreement to acquire Eden Laser Clinics Pty Ltd	21/12/22	CI
SILK Laser Australia Limited Reports Earnings Results for the Full Year Ended June 30, 2022	29/08/22	CI
SILK Laser Australia Secures Day Procedure License in Tasmania	26/07/22	MT
SILK Laser Australia Acquires Victoria-based Unique Laser	18/07/22	MT
SILK Laser Australia Limited acquired Unique Laser Franchising Pty Ltd.	17/07/22	CI
SILK Laser Australia Limited Announces Board Changes	26/04/22	CI
SILK Laser Australia Limited Plans to Open New Clinics in This Year	27/02/22	CI

Chart SILK LASE

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Company Profile

SILK Laser Australia Limited is an Australia-based non-surgical aesthetics clinic network. The principal activities of the Company consisted of franchisor of clinics, which provides non-surgical aesthetics services, including laser hair removal, cosmetic injections, skin treatments, body contouring treatments and the retail sale of skincare products. It is engaged in the provision of non-surgical aesthetic services and sale of skincare products through their corporate, majority owned and franchised clinics, and fee income from franchise clinics in Australia and New Zealand. It operates corporate and majority owned clinics, which provides non-surgical aesthetics services, including laser hair removal, non-invasive cosmetic injections, skin treatments, body contouring and the retail sale of skincare products, and distribution and sale of skincare products. It offers a range of clinical solutions, including microdermabrasion, microneedling, light emitted diode light therapy and other.

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