Ann: Change in substantial holding, page-7

Aged care has had a massive sell-off, with the Royal Commission delivering the worst blow, but as we have seen from the Bank RC experience, if the long term fundamentals are there the stocks bounce back. And let's face it - no one is getting any younger! That's why I bought into JHC. The budget response is allocating some serious dollars to aged care too. The fact that the share price is now above the offer price suggests pretty strongly JHC is undervalued. I wouldn't be surprised if the offer price increases.