the business model, page-13

Yes, I think most people will just go with the flow. Especially retirement villages and especially the core offerings. Where people might opt out is telephony and internet.

Internet is a very personal thing. Dialup, adsl, broadband, wireless, pre-paid, contract, 1G, 4G, unlimited, etc. 1000's of deals. No two the same. Personally I'd opt out and use mobile broadband which landlord wouldn't even need to know I had.

I'd also opt out of telephone. Haven't had a landline for 3years. Work pays my mobile and I just wouldn't bother.

But I'd happily sign up to the core electricity, gas, water supplies. But how INT estimate usage is anyones guess. And without this estimate how do they guess revenues let alone profit.

I guess I was just disappointed in the update. It was very glass half empty mentality. You just don't mention words like marginal and gradual in context of revenue and profit. Especially when you still have your hand out for cash.

I'm sure their was a positive glass half full way to say the same thing. Especially if it is purely a tenancy issue do to completion times. If apartments are complete and still tenancy issues it's a little harder to spin but still possible.

Why not just say 'Revenues continue to improve as projects come online and tenancy rates increase'.