INA ingenia communities group
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Sun Communities goes International

  1. panda9
    76 Posts.
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    16/02/22
    14:53
    Post #: 59612328

    Interesting to see that Sun Communities has recently invested close to A$ 2 billion buying a large UK holiday park business.

    https://www.nasdaq.com/articles/sun-communities-to-add-park-holidays-uk-to-portfolio-for-%241.3b

    I have a strong feeling that Australia will be next, Sun knows the INA business model intimately and they may well view current market weakness as well as consolidation of the recent large 1:4 share issue and large property expansion as a perfect time to move. This could also account for the recent resignation of Sun's CEO from INA's board in order to minimise conflict of interest issues.

    INA Price at posting: $5.55 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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