If you are wondering why Japara bolted up today without any market announcement, I suspect it's because buyers are frontrunning an expected increase in aged care funding either in the October budget update or following delivery of the February Royal Commission final report.
The declining COVID case rate in Victoria will be giving investors some comfort too as occupancy rates will be able to rise.
All 3 listed aged care operators are up bigly today.
JHC Price at posting:
40.5¢ Sentiment: Buy Disclosure: Held
