MXA if you havnt noticed moved up to all of .4 finally sold. have a look at the volumes over the last couple weeks and tonights budget gives all the answers. MXA have moved towards Nursing Homes, aged caring etc. In tonights Budget it was announced : A total of $438.6 million in capital funding to help aged care organisations build new homes and refurbish old ones. Thatis absolutely fantastic news for MXA as this stock continues to build and work its way towards recovery. What an absolutely fantastic bonus for the shareholders. Now I understand why it has pickd up in volume.I would expect some related type of announcement re the budget in the next few days. More relating to this topic : The pitch The Australian population is ageing. The Budget package announced is based on a response to a recent review of aged care costs around the country.
The plan An estimated 27,900 new aged care places to be allocated over the next three years – including more than 13,000 over this year. An extra $877.8 million to help aged care providers pay competitive wages to staff.
