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$3.08 estia health limited

So its not a great business and can only garner limited profits...

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grayza1

2,444 Posts.

209

24/06/20

18:55

Post #: 45428445
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Originally posted by rustys33: ↑

I posted on REG today. 50% of facilities are were losing money in the year to March - before covid hit. The govt. needs to put more cash in, otherwise they will have a whole lot of residents that will become responsible for. From a purely profit perspective, the listed players are in the top echelon of an industry ran primarily by non for profits. So if any business goes under this will be about the last to go. The govt. won't nationalize the sector and the only regulatory changes that will be made, will need to be paid for by the govt.

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So its not a great business and can only garner limited profits due to Govt regulation is what you're saying.

EHE Price at posting: $1.64 Sentiment: Hold Disclosure: Held
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