It possibly is a great business model (sale and leaseback), but the topic was raised in the context that jhc share price continues to reach new lows.
Occupancy rates below average, staffing costs rising faster that CPI, and significant non-operating costs associated with Royal Commmission, plus significant costs on development and refurbishment of new/ current facilities - together might present a cashflow issue, hence possible sale & leaseback. Just a hunch. Lets see what the half year result brings.
JHC Price at posting:
92.5¢ Sentiment: None Disclosure: Held
