An interesting post on Ryman thread.
Posted by Harrys on 15-06-2004, post #13 on page one.
Printable View
An interesting post on Ryman thread.
Posted by Harrys on 15-06-2004, post #13 on page one.
I think we're headed for a real calamity in this sector in terms of bed availability. Nurses will want pay relativity, then cleaners, then administration staff and so on. Where does this logically end ? In my view it ends with a substantial bed shortage because a heck of a lot of smaller operators will have to shut the doors !
It may come to a situation where if relatives of elderly folks want the best care for their needy one they have no alternative but to purchase an occupation right agreement. In this regard the listed operators all appear to be well positioned and I am hoping my Mum coming up 88 year next month keeps her marbles and I don't have to go through a six year dementia fiasco like I did with my Dad.
Looks like the share price drifting to below $1
The enthusiasm for this rising star seems to be waning
They need to make an decent acquisition and maybe even tie it in with a capital raising to get punters excited again.
The results briefing mentioned acquisitions ....and CEO sounded pretty keen on the idea in the media in the days following
Might follow Arvida - acquired something an did a cap raising not many months after the IPO
Seems acquisition is only way for share price to get another boost
Nrarly 10% of it's recent high and lower than before the full year announcememt
Still a good 25% above the IPO price though...
Saw an Oceania tv ad today... very smart, subtle, heart warming, and overall well done I thought. My grandad even said he likes it - and that is when you know it must be good.
Good to see IPO funds being spent well ;)
Disclosure: my grandad [typically] hates 11 out of 10 TV ads
selling pressure!!!:eek2: