Articles On Smiles Inclusive (ASX:SIL)

Title Source Codes Date
KPMG aided Smiles Inclusive’s IPO despite profit concerns

The Market Herald notes there’s no evidence of criminality by any party KPMG Partner Adam Twemlow attended the Victorian Federal Court on Thursday morning, the latest to grace the booth in an ongoing examination into failed dental stock...

themarketherald.com.au SIL 6 months ago
NAB bankrolled Smiles Inclusive despite existing “misconduct” claims

The Market Herald notes there is no evidence of criminality by any party Senior National Australia Bank (NAB) Manager Michael McBryde took the witness stand this morning as the examination into delisted ASX company Smiles Inclusive mov...

themarketherald.com.au SIL 6 months ago
Questions around collusion claims as Smiles Inclusive examination continues

The Market Herald notes there has been no evidence of criminality by any party  The Victoria Federal Court (VFC) public examination into failed ASX-listed dental provider Smiles Inclusive has continued with the company’s former Chief Co...

themarketherald.com.au SIL 6 months ago
ASX Today: Stocks to watch on Friday

Good morning and welcome to the last day of the trading week. The International Monetary Fund has said that the global economy remains more resilient than expected but notes the echoes of COVID are still running their course. ASX fut...

themarketherald.com.au SIL 6 months ago
“We were quite involved”: Morgans’ execs in the hot seat as Smiles hearing rolls on

The Market Herald notes that there has been no evidence of criminality by any party In the ongoing public examination of the failed ASX-listed company Smiles Inclusive, stockbroking firm Morgans’ Executive Philip Lee and Chairman Tim Cr...

themarketherald.com.au SIL 6 months ago
TMH Market Update: ASX200 hits 100-day low

The ASX200 has been in the red again today, sliding about three-quarters of a per cent down to a new 100-day low. Almost all sectors have lost ground, with tech stocks leading the early falls at one point down about one and a quarter per...

themarketherald.com.au SIL 6 months ago
Former ASX-lister Smiles Inclusive faces dentist-led public examination in Australian legal first

The Chairman of failed ASX-lister Smiles Inclusive, David Usasz, attended the Victorian Federal Court this morning as the company faces a civil grilling over its mid-2021 liquidation. A dentist, Dr John Camaco, and his colleague were gr...

themarketherald.com.au SIL 6 months ago
ASIC approves public examination of former directors of collapsed dental roll-up Smiles Inclusive

Several former directors of the previously ASX-listed dental group known as Smiles Inclusive and its Totally Smiles brand have been summoned by the Federal Court for a public examination of what went wrong at the failed company, which went...

businessnewsaustralia.com SIL 1 year ago
My dental check-up of Pacific Smiles (ASX:PSQ) shares

Founded by two dentists in 2003, Pacific Smiles Group Ltd (ASX: PSQ) operates 109 dental clinics across the eastern seaboard of Australia. I recently added the company to my watchlist after the company announced it is supercharging its roll...

Rask Media SIL 2 years ago
Smiles Inclusive partners lose chance to claim $97m as Exit Solutions picks up final scraps

Unsecured creditors in formerly ASX-listed, failed Gold Coast-based dental company Smiles Inclusive have been dealt the final nail in the coffin of their dreams to recover investments, including joint venture partner (JVP) debt claims of cl...

businessnewsaustralia.com SIL 2 years ago
Administrators call for Smiles to be wound up as practice sales recoup $9.2m

Deloitte's administrators of fallen dental roll-up Smiles Inclusive (SI) and its branded practice chain Totally Smiles (TS) have urged creditors to vote in favour of liquidating both companies at a meeting to be held on 30 June. A report...

businessnewsaustralia.com SIL 2 years ago
COVID-19 has hit the global dentist industry but these ASX stocks are doing fine

Australia’s dentists, particularly those on the ASX, have escaped the worst of COVID-19 thanks to the quick easing of restrictions. At the start of the pandemic dentists could only see Category 1 patients – those likely to deteriorate witho...

Stockhead SIL 3 years ago
How Smiles Inclusive was turned upside down: A timeline of decay

For retail investors there is something very reassuring about putting funds into the health sector; it benefits society, it's relatively stable, and demand for health services is only likely to increase with a growing and ageing population....

businessnewsaustralia.com SIL 3 years ago
How Smiles Inclusive was turned upside down: A timeline of decay

For retail investors there is something very reassuring about putting funds into the health sector; it benefits society, it's relatively stable, and demand for health services is only likely to increase with a growing and ageing population....

businessnewsaustralia.com SIL 3 years ago
Court throws out rebel creditor case against Smiles Inclusive

A Supreme Court judge has dismissed a case from a rebel faction of creditors and shareholders in troubled dental group Smiles Inclusive, who have found themselves at loggerheads with administrators Deloitte Restructuring Services. Earlier...

businessnewsaustralia.com SIL 3 years ago
Court throws out rebel creditor case against Smiles Inclusive

Update (3 February): Dr Henry Chen has told Business News Australia the administrators have informed joint venture partners (JVPs) of their intention to extend the date of settlement, which would allow for another creditors' meeting prior t...

businessnewsaustralia.com SIL 3 years ago
Smiles Inclusive CEO resigns as Genesis Capital wins bid to acquire assets

After 10 months at the helm of embattled Gold Coast-based dental practice chain Smiles Inclusive, Michelle Aquilina has stepped down from her CEO role as the group passes to new hands. Since entering voluntary administration in November w...

businessnewsaustralia.com SIL 3 years ago
Class action "the only hope" for Smiles Inclusive partners on the sidelines

Smiles Inclusive (ASX: SIL) joint venture partners (JVPs) have have raised concerns that they, their employees and shareholders could be left high and dry by the dental group's voluntary administration. Before the embattled Gold Coast-hea...

BusinessNewsAus SIL 3 years ago
Smiles Inclusive enters voluntary administration

The local anaesthetic of turnaround promises has finally worn off for embattled dental group Smiles Inclusive (ASX: SIL), as its inability to pay back a $12 million loan to National Australia Bank (ASX: NAB) triggered the appointment of vol...

BusinessNewsAus SIL 3 years ago
Smiles board dwindles as another director departs

There are now only three board members left at flailing Gold Coast-based dental group Smiles Inclusive (ASX: SIL) following the exit of director Peter Fuller after just 16 months in the role. Yesterday's announcement came six weeks after...

BusinessNewsAus SIL 3 years ago
Smiles finally releases December 2019 half year report, but auditor not convinced

After Australia's corporate watchdog took Smiles Inclusive (ASX: SIL) to court over its inability to produce an audited financial report for the December 2019 half, the company has finally produced the elusive document. It tells a story o...

BusinessNewsAus SIL 3 years ago
NAB tightens the screws on Smiles Inclusive

Smiles Inclusive (ASX: SIL) has been given a slight reprieve on a $12 million debt repayment that was due on 11 September, but all transaction accounts with lender National Australia Bank (ASX: NAB) will need to be closed ahead of new deadl...

BusinessNewsAus SIL 3 years ago
ASIC bars Smiles Inclusive from capital raises, board overhaul attempt delayed

After drawing the ire of a group of rogue shareholder dentists who believe their attempt to overhaul the board of Smiles Inclusive (ASX: SIL) was sullied by the issuance of 10 million new shares to undisclosed parties, the company has been...

BusinessNewsAus SIL 3 years ago
Statutory demand aims to wind up Smiles Inclusive

Amidst allegations of shareholder privacy breaches and a desperate capital raise to pay back less than half of an outstanding loan, more plaque has been found building up on Gold Coast-based dental group Smiles Inclusive. A joint venture...

BusinessNewsAus SIL 3 years ago
Smiles plans $8 million raise to repay NAB loan in part

Despite missing a 11 September deadline to pay back more than half of its $19 million debt to National Australia Bank (ASX: NAB), Smiles Inclusive (ASX: SIL) has today announced plans to raise $8 million to repay the bank in part. The emb...

BusinessNewsAus SIL 3 years ago
ASIC files proceedings against Smiles Inclusive, director flies the coop

Australia's corporate watchdog has taken legal action against embattled dental group Smiles Inclusive (ASX: SIL) over its inability to produce an audited financial report for the December 2019 half, delivering on a threat made three months...

BusinessNewsAus SIL 3 years ago
ASX takes Smiles Inclusive to task as loan date looms

After National Australia Bank (ASX: NAB) cast aside the prospect of recouping 36 per cent of its $19 million loan to dental group Smiles Inclusive (ASX: SIL), the loss-making company has conceded it probably won't be paying the remainder on...

BusinessNewsAus SIL 3 years ago
ASX takes Smiles Inclusive to task as loan date looms

After National Australia Bank (ASX: NAB) cast aside the prospect of recouping 36 per cent of its $19 million loan to dental group Smiles Inclusive (ASX: SIL), the loss-making company has conceded it probably won't be paying the remainder on...

BusinessNewsAus SIL 3 years ago
Smiles Inclusive has three weeks to cough up $12m to NAB

For at least 14 months struggling Gold Coast-based company Smiles Inclusive (ASX: SIL) has barely put a dent into a $19 million debt to National Australia Bank (NAB), despite capital raisings and asset sales.  Now the dental practice netw...

BusinessNewsAus SIL 3 years ago
Smiles Inclusive investors call for EGM to overthrow board

With shares suspended since March and its founder believing it would take a miracle for the company to survive, dental group Smiles Inclusive (ASX: SIL) faces a potential revolt from disgruntled shareholders and partners.  Dentists Dr Joh...

BusinessNewsAus SIL 3 years ago
ASIC threatens court action against Smiles Inclusive

More than 3.5 months after Smiles Inclusive (ASX: SIL) was suspended from trading over its failure to produce an audited financial report for the December half, Australia's corporate watchdog is taking steps to force the struggling dental o...

BusinessNewsAus SIL 3 years ago
Trading Places: Regal has sunk another $3.2m into this small cap telco

Want to know which stocks the fund managers have been putting their money in (and out) of? We’ve been keeping track so you don’t have to. Trading Places is Stockhead’s recap of substantial holder movements among ASX small caps in the last f...

Stockhead SIL 3 years ago
Smiles Inclusive cash flow statement missed the mark by $1.1 million

The situation at Smiles Inclusive (ASX: SIL) has gone from bad to worse, with an amended quarterly cash flow statement showing the struggling Gold Coast-based dental company has much less cash than previously thought. With its shares alre...

BusinessNewsAus SIL 3 years ago
Smiles Inclusive founder watched $10m 'evaporate in his hands' before selling up

What began as an IPO to bring more than 50 dental practices under one roof became a "car crash that I can't get out of" for Smiles Inclusive (ASX: SIL) founder Mike Timoney (pictured), who this month sold all his shares in the company for $...

BusinessNewsAus SIL 3 years ago
Smiles Inclusive clinics reopen, CFO heads out the door

After challenging business conditions before COVID-19 were exacerbated by the pandemic and shutdowns, Smiles Inclusive (ASX: SIL) has today reported it will be reopening all its dental centres nationwide. But the group will be doing so wi...

BusinessNewsAus SIL 3 years ago
Smiles Inclusive CEO Tony McCormack steps aside

Smiles Inclusive (ASX: SIL) CEO Tony McCormack (pictured below) has resigned within a week of the embattled dental company announcing the majority of its workforce had been stood down. With most dental practices closed on an "on call" bas...

BusinessNewsAus SIL 4 years ago
Suspended Smiles Inclusive reports $1m lifeline

An embattled Gold Coast-based dental company in absentia on the ASX has an ace up its sleeve after receiving a binding agreement from a sophisticated investor to raise $430,000 for working capital. Smiles Inclusive (ASX: SIL) says the inv...

BusinessNewsAus SIL 4 years ago
1300 Smiles thought risk was too great to acquire Smiles Inclusive

A major Australian dental company has revealed it had looked into a possible takeover of struggling operator Smiles Inclusive (ASX: SIL), which has been pumping capital raising-sourced funds into a turnaround strategy and staying afloat. ...

BusinessNewsAus SIL 4 years ago
ASX asks if Smiles Inclusive has sufficient cash to scrape by

The Australian Stock Exchange (ASX) has questioned the liquidity of Smiles Inclusive (ASX: SIL) after net cash outflows ballooned 150 per cent to $3.2 million in the December quarter. Despite a $3.3 million capital raising and $2 million...

BusinessNewsAus SIL 4 years ago
Check-up: Lasers and fatty livers won in biotech this month

Here’s our monthly wrap of all the news driving ASX health stocks. Of the ASX’s 137-odd small cap health stocks, 92 saw their share prices fall, 32 improved and 13 were flat. >> Scroll down for a table showing the performance of small...

Stockhead SIL 4 years ago
Smiles Inclusive sells two QLD practices to 1300SMILES

Embattled dental company Smiles Inclusive's (ASX: SIL) cash position will receive a well needed boost after selling two practices in Queensland's Lockyer Valley region to 1300SMILES (ASX:ONT). The practices in Gatton and Laidley were sold...

BusinessNewsAus SIL 4 years ago
Supreme Court sets aside statutory demand against Smiles Inclusive

Within a week of having a major suit against it dropped, dental care company Smiles Inclusive (ASX: SIL) is today claiming victory in another legal matter. This morning the Supreme Court of Queensland set aside a statutory demand served b...

BusinessNewsAus SIL 4 years ago
Major legal case dropped against Smiles Inclusive

Shares in embattled dental care company Smiles Inclusive (ASX: SIL) are rallying for the third straight day this morning after three longstanding court cases were put to bed. Smiles joint venture partner (JVP) Australian Aged Dental Care,...

BusinessNewsAus SIL 4 years ago
1st Group to provide health services portal for Totally Smiles dental network

Australian digital health group 1st Group (ASX: 1ST) has clinched a deal with Smiles Inclusive (ASX: SIL) to provide digital patient engagement services to the Totally Smiles dental network. Under a newly signed material agreement, 1st Grou...

SmallCaps SIL 4 years ago
Smiles CEO blames aggrieved partners for "extended survival phase"

Smiles Inclusive (ASX: SIL) shares are trading at close to record lows and management is pulling out all stops to improve shareholder sentiment ahead of the company's AGM on Thursday. The company's market capitalisation is now only margin...

BusinessNewsAus SIL 4 years ago
Smiles kicks off marketing campaign to turn the tide

Smiles Inclusive (ASX: SIL) shares are trading at close to record lows and management is pulling out all stops to improve shareholder sentiment ahead of the company's AGM on Thursday. The company's market capitalisation is now only margin...

BusinessNewsAus SIL 4 years ago
Which small cap dental stocks are cavity-free and which ones are giving investors a bit of a toothache?

Last time Stockhead had a dental stock check-up, only one had gained in 2019 and it was in the game of dental supplies rather than surgery. And that stock, aesthetics and whitening product maker SDI (ASX:SDI), is still up by 30 per cent thi...

Stockhead SIL 4 years ago
What can drive Australia’s $11 bn dental industry – Players in action

Dental care Oral health refers to conditions and health of teeth, gums, muscles and bone in the mouth, and good oral health represents overall health and wellbeing of a person. Dental diseases may impact a person’s appearance and speech, ca...

Kalkine Media SIL 4 years ago
Smiles confirms $1.25m cash burn in Q1

Embattled dental care group Smiles Inclusive (ASX: SIL) has revealed its cash burn averaged more than $416,000 per month in the first quarter of FY19, which is more than the amount of cash it held in the bank at the end of the period. Aft...

BusinessNewsAus SIL 4 years ago
The Up-Trending Stocks – CCA, SIL, BUD, KAM, MHJ, MAG

These six stocks have been among the best performers on ASX, as on 11 October 2019. The benchmark index (Australian) closed higher by 0.9% or 59.7 points. Also, the stocks- CCA, SIL, BUD, KAM, MAG and MHG have recorded a change of 10% or mo...

Kalkine Media SIL 4 years ago