re: another tip - game plan Much easier equation than yours is...

re: another tip - game plan Much easier equation than yours is as follows:

Aged pension (Govt) goes up at c7-8% pa. Inflation is 2-3% so inreal terms VLL grows at 5% without doing anything.

In reality VLL as the only provider in this space could build 75 new centers pa versus the 15 they are currently doing.

Now that VTR has been listed and trading at a premium Village has a stable flow of funds for developing as many centres as it wants. VTR will continually raise money to supply VLL with cash for new centres. Hardest part for VLL is finding enough land rather than filling demand. Takes 6 months to build the centres as they are purpose built around a fixed spec.

Beautiful business model that will just grow and grow and grow.

Remeber the child care market - well this is bigger than ben hur.

You do the maths.