For me, the beauty of the Terranora Village acquisition is yet to be fully appreciated by the market.
Stay with me here.
- Purchased the Village 80 unit site and attached vacant land (5 hectares) for $7million. Site is currently at 100% occupancy with a waiting lists.
- Selling 3.5 Hectares of land which will be subdivided and used for House and Land packages for $4 million
- Sell the 80 units on-site for somewhere between $12-14 million. Boosting net cash.
- Retain management rights over units to be sold generating 250k Ebitda annually.
Re-invest the windfall from the above to build a next generation Eureka Village which will comprise of 125 units expected to generate $2 million EBITDA annually. Those on the waiting list will be filtered into the new premises no doubt but EGH will still wipe $250K in management rights even as resident migrate away from the existing village.
If that isn't a thing of beauty, I don't know what is.
For me, the beauty of the Terranora Village acquisition is yet...
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Last
53.5¢ |
Change
0.005(0.94%) |
Mkt cap ! $162.5M | |||
| Open | High | Low | Value | Volume |
| 53.5¢ | 53.5¢ | 52.5¢ | $79.49K | 148.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 40.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 53.5¢ | 66248 | 1 |
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