This wobble on the aveo news provided an excellent additional buying opportunity, INA is a quality operator who have a clean and value product, there has been a clear move to get out of the dmf business and the company are very open about the business they run with plenty of investor tours of the assets they own.
The shares have been stagnant for a while but the company has built a new business from scratch and are now really ramping it up with fast growth, also what you dont see the benefit of at the moment is that each sale as well as creating 100k of development gross profit also creates a 5-10k a year rent annuity which is probably in reality worth another 100k of profit, going forwards as sales really ramp up the boost from all this additional rent will start to be felt, this really is an excellent growth stock in a sweet demographic spot and should not be confused with the bunch of crooks at Aveo ....
This wobble on the aveo news provided an excellent additional...
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Last
$4.73 |
Change
-0.120(2.47%) |
Mkt cap ! $1.927B | |||
| Open | High | Low | Value | Volume |
| $4.85 | $4.89 | $4.73 | $3.186M | 668.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5238 | $4.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.76 | 542 | 1 |
View Market Depth
| Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
| INA (ASX) Chart |