Servicing the lower socioeconomic seniors market. Very sticky residents, most don't have an alternative.
Chairman (and the former Chairman/still substantial holder) have a good track record with the turnaround of Industrea from nothing into being sold to GE for hundreds of millions of $. The Eureka management team have been with the company for many years, back when EGH was managing far more villages.
The Boat Fund have just gone sub.
Still cheap in a market with strong tailwinds for years to come. Will do (normalised) around $2.8m net profit in FY15 based off the guidance they've provided us. Current market cap around $26m. Larger peers trade on PE multiples in the 20's. Would imply the possibility of doubling from here.
EGH Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
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