Articles On Smiles Inclusive (ASX:SIL)

Title Source Codes Date
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 1 month 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 months 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 months 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 months 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 months 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 months 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 5 months 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 6 months 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 6 months 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 6 months 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 6 months 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 6 months 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 6 months 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 7 months 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 7 months 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 8 months 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 8 months 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 8 months 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 9 months 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 10 months 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 11 months 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 11 months 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 11 months 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 11 months 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 1 year 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 1 year 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 1 year 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 1 year 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 1 year 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 1 year 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 1 year 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 1 year 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 1 year 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 1 year 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 1 year 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 1 year 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 1 year 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 1 year 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 1 year ago
Former Future Care owners serve Smiles Inclusive with statutory demand

Just one day after law firm Holding Redlich confirmed it had agreed to lead a class action process against Smiles Inclusive (ASX: SIL), it has been revealed the struggling dental empire now faces another legal battle. The former owners of...

BusinessNewsAus SIL 1 year ago
Holding Redlich to lead class action against Smiles Inclusive

Law firm Holding Redlich has confirmed the process is underway for a class action against embattled Gold Coast-based dental group Smiles Inclusive (ASX: SIL).  The company has seen seen profits, cash and its share price deteriorate since...

BusinessNewsAus SIL 1 year ago
Check-up: Remarkable recovery has two big biotech losers talk of the town

The three best-performing health and biotech companies in the past fortnight have all seen their shares fly on the back of positive clinical trial results — and the top two are companies trying to recover from previously disappointing trial...

Stockhead SIL 1 year ago
Corporate: Factor Therapeutics still looking for its next opportunity

Nearly 11 months on from its failed clinical trial and subsequent 97 per cent share price crash; Factor Therapeutics (ASX: FTT) has $3.1 million cash and a pipeline of opportunities but is yet to decide on one. Factor chairman Cherrell Hirs...

Stockhead SIL 1 year ago
ASX grills Smiles Inclusive over KPMG audit

The Australian Stock Exchange (ASX) has called on embattled dental group Smiles Inclusive (ASX: SIL) to provide copies of all email communications with its auditors KPMG since August 30 in the wake of a surprise $31 million loss announcemen...

BusinessNewsAus SIL 1 year ago
Smiles Inclusive loss deepens to $31 million

After waning dental company Smiles Inclusive (ASX: SIL) failed to produce its statutory results by yesterday, two antagonistic joint venture partners (JVPs) crafted a letter of complaint to the ASX. In that letter Arthur Walsh and John Ca...

BusinessNewsAus SIL 1 year ago
Smiles Inclusive loss deepens to $31 million as chairman flags debt risk

After launching a capital raise despite only offering investors unaudited results to go by, waning dental company Smiles Inclusive's (ASX: SIL) has come out with another shocker today. In late August the group surprised the market with a...

BusinessNewsAus SIL 1 year ago
10 at 10: These ASX stocks are firing ahead this morning

Stockhead’s Top 10 at 10 highlights the best (and worst) performing ASX small caps in morning trade. It’s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms. The market opens at 10am (easte...

Stockhead SIL 1 year ago
Future Care threatens legal action against Smiles Inclusive

Two Sydney-based dental entrepreneurs who sold their business to Smiles Inclusive (ASX: SIL) last year have lodged a claim against the embattled company over alleged non-payment. Smiles' acquisition of Future Care Dental Group (FCDG) was...

BusinessNewsAus SIL 1 year ago
Corporate: IODM has gained over 700pc in a year, and has now revealed the identity of its perfect match

IODM (ASX:IOD), a stock that has risen from 1.4c 12 months ago to 11.5c today, has finally revealed who its major partner is. IODM announced a referral partnership for the US back in December but did not name its new partner at the time. To...

Stockhead SIL 1 year ago
Smiles omits cash burn in capital raise pitch

With its FY19 results still unaudited and its most recent $323,344 cash position omitted in the investor pitch, dental care company Smiles Inclusive (ASX: SIL) has today announced plans to raise $3.3 million - roughly the value of its most...

BusinessNewsAus SIL 1 year ago