Speculation, page-62

Great post with the right amount of sardonic humour. I agree with all of your comments. However:

1. Net tangible assets at 30 June 2019 were .1432 cents, namely net assets (excl intangibles) $38,283,000, with issued share capital of $267,247,328.
"Goodwill", and other intangibles, are worth nothing in this environment.
2. The JHC SP is currently .56 cents. It will see .25 cents by June (for reasons previously stated), and that hurts. At that point, we will see the likes of JHC splitting the management of operating aged care properties from the actual ownership of the properties.
3. Govt has and will continue supporting home care rather than Aged care industry. This is reducing occupancy rates, and income, but with considerable fixed costs remaining in maintaining the properties.
4. The "lets build and they will come" strategy for JHC is no longer applicable to the sector.
5. Royal Commission findings in Oct are likely to add to the admin and regulatory (fixed) costs of aged care providers.
Lets review in 3 months - June
Best wishes