The reverse argument and the reason I continue to hold is - at current valuations arbitrage between the listed entity and the assets it is acquiring at an EBITDA yield of 11 - 14% is material. Given they can squeeze a few extra percent out of the assets through operational inefficiencies and economies of scale; i.e. clusters of retirement villages.
It is not without its risk given it relies on equity currency but it has the institutional support to achieve a successful roll up.
Early days and I am happy to let this one play out for a few more years.
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The reverse argument and the reason I continue to hold is - at...
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Last
65.0¢ |
Change
0.020(3.17%) |
Mkt cap ! $197.5M |
Open | High | Low | Value | Volume |
63.0¢ | 65.0¢ | 63.0¢ | $17.75K | 28.01K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 7790 | 63.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
65.0¢ | 10800 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 7790 | 0.630 |
3 | 10803 | 0.625 |
2 | 20080 | 0.620 |
1 | 4882 | 0.600 |
1 | 8700 | 0.590 |
Price($) | Vol. | No. |
---|---|---|
0.650 | 10800 | 2 |
0.675 | 2945 | 1 |
0.680 | 51321 | 1 |
0.710 | 2000 | 1 |
0.000 | 0 | 0 |
Last trade - 10.15am 18/09/2024 (20 minute delay) ? |
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