sounds like a ponsi scheme to me percy once all your buddies down the street are gone who gonna be left
Printable View
also the fact that birth rates in NZ are declining and every politician wants to slow migration down - who gonna be left once baby boomers gone
I hope I will be able to stay in my own place as long as possible leave money for my kids instead of giving 30%+ to a retirement village , anyway im quite young so when i reach that age as per my comments above im sure there will be plenty of dis counted units if i do decide to go into a retirement unit.
After taking some profits from ATM last week i decided to finally double down on this one making my average a bit more bearable. I figure if there is any time this share will bounce back it is around results season, especially if the company has managed to grow NTA even further then it already is. Forecasted 15% growth on underlying profit for the year is not as great as SUM others but it is good enough for me considering it is trading at a discount to NTA.
Wish me Luck lol :D
MET receiving no love in this sector the last few weeks. RYM, OCA and SUM are all on good bounces. Not sure why MET isn't enjoying the same sector sentiments?
MET is more exposed to Auckland than the other more diversified agecare providers. It's also not really building on the same scale either.
MET also doesn't have the same great continuum of care that the others have. Customers turning up at their villages with their tennis rackets, with less care needs than the others- OCA in particular.
Result = MET is more of a property business rather than an aged care business, so it lacks the premium valuation.
I'm cycling thru the sector and buying weekly not worrying too much about price thou I do try and buy more when I think one is oversold. Margin account is great to have as my limit grows weekly and gives me capital to jump on something if I don't have cash that week. Buying exclusively retirement sector at present - might win or lose on a weekly price but I don't care