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
62.5¢ |
Change
-0.005(0.79%) |
Mkt cap ! $189.9M |
Open | High | Low | Value | Volume |
63.0¢ | 63.0¢ | 60.0¢ | $46.41K | 74.88K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3002 | 60.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
62.5¢ | 4299 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3002 | 0.605 |
1 | 4882 | 0.600 |
4 | 16353 | 0.580 |
1 | 3478 | 0.575 |
1 | 1787 | 0.560 |
Price($) | Vol. | No. |
---|---|---|
0.630 | 4388 | 1 |
0.650 | 74651 | 1 |
0.690 | 17000 | 1 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
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