Thanks for your feedback Baroona.
Yes, you're making a good point about BE. I was also thinking about this and forgot to add to my list of questions to the company.
What's interesting here is that they are making a decent profit with only 71 % of occupancy. So their BE must be quite low, which seems to match your calculation.
Regarding services, it is my understanding so far that they use services as differentiator.
Listening some interviews from Alf (CEO and founder), he is saying that new comers in this industry have quite basic services.
Not that boring, page-9
Add SRV (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.99 |
Change
-0.010(0.25%) |
Mkt cap ! $392.6M | |||
| Open | High | Low | Value | Volume |
| $4.00 | $4.01 | $3.99 | $20.75K | 5.196K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | $3.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.18 | 1300 | 1 |
View Market Depth
| Last trade - 16.10pm 10/06/2024 (20 minute delay) ? |
|
|||||
|
Last
$4.02 |
Change
-0.010 ( 0.50 %) |
||||
| Open | High | Low | Volume | ||
| $4.01 | $4.03 | $4.00 | 285 | ||
| Last updated 15.59pm 10/06/2024 ? | |||||
| SRV (ASX) Chart |