LIC 2.53% $8.93 lifestyle communities limited

Ann: FY24 Key Results and Forward Guidance Withdrawn, page-8

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  1. 1,396 Posts.
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    The problem with the capital raising and some of the substantial holder, quite a bit of the shares when into the hands of funds that loan out or trade on them.
    they should still pay dividend as a portion of their profit depending on how much the profit. consideration to pay dividend should have nothing to do with share price.
    i think some broker revised their valuation to $15.
    today announcement actually still very decent. their higher end guidance was 310, so they did a 311 settlements.
    They just using different model to do business and they have been doing well currently. if situation changes, the management should change accordingly. i think there is hardly any risk other than lower profit and lower share price over short term. The company is profitable.
 
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