Thanks Pumice wasn't aware of JHC ; or of negative effects from the Budget! JHC just listed this month Can you give us any background.See it listed re $2.70 dropped fast to $2.45 ouch! Are you in Mark? cheers JT
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Thanks Pumice wasn't aware of JHC ; or of negative effects from the Budget! JHC just listed this month Can you give us any background.See it listed re $2.70 dropped fast to $2.45 ouch! Are you in Mark? cheers JT
IPO JHC $2 a share , hit re $2.70 on listing now$2.46 mkt cap re$644 mill FY 15 pe re 23 DY est 4.2%. Looks like profit taking rather than the Budget pumice, what a great gain congrats whoever.
35 props
total places 3,131
av occupancy 95.3%
Av FY2013 EBITDA/place (excl corp costs)A$21,408
Av FY2013 bondvalue/bond playing resident $A236,491
can one compare those figs with RYM SUM MET?
Unfortunately I didn’t get any at $2.00, but did pick up some at $2.39 after their asx release post budget. The fall seemed like a bit of a knee jerk reaction. The long term prospects look very exciting.
JHC (and possibly AOG) were negatively affected by the repealing of the payroll tax subsidy they enjoyed. (JHC did put out an ASX statement saying it would have a circa $4m impact, but haven’t seen anything from AOG)
Hopefully RYM have looked into this as well.
Thanks pumice.
AOG today has announced purchase of 2 sites in Sanctuary cove and Norwest business park.as major new retirement hubs totalling 14.4 hectares for $53.6 million. Proposed developments of 740 units/agedcare beds with an end value of $380 mill to accommodate 1,000 people.
Target of 200 new units annually by 2016
and 500 annually by 2018
Debt expected to be reduced to $A350 mill by end of June (7/4/14 announcement )mkt cap atm $A985 mill. Price rangebound atm. Would say RYM have the balance sheet to T/O?
Well, that is an interesting proposition!
I'm hoping the SP will recover to near NTA levels in the medium term though...
No div annouce as yet but a few hours to go.
But good announcement re "in home care and support" service alliance with RDNS for 22 villages across Aus, today.
"With this appointment Aveo'sstated target of delivering comprehensive low care services to over 90% of its villages by the end of FY14 has been achieved"
DIvs reinstated Est 4c for S/holders record date 30th June. Well done AOG/FKP.
NTA was $2.78 in feb I'm sure AOG will trade closer to this (currently re $2.11) like similar companies do.Plenty of upside to come imo. Significantly derisked now and divs will grow.But DYOR
Bought a small parcel yesterday @ $2.02, been on the watch list since late last year and I'd figured I missed the boat & ex div date, but has fallen back a little and worth chucking a couple dollars into a long term holding.
You picked a vast fast boat yest W E. :t_up:
another great announcement today more sales of apartments etc and debt reducing faster than updated earlier. sp re $2.09 today
Hi JT, you sound very enthusiastic about AOG, just wondering if you have carried out much research on them and what you have found?, at a quick glance looks like they have good potential.
Mate I'm forgetful, still wrestling with this blimim iMac, so I'm inefficient re storing accessing, slow typist, poor recorder..
Ive been in since it started morphing from the disaster of o verleveraged FKP which came unstuck big time people lost amotza. a new broom has transformed this to nearly a pure play retirement vehicle which is way below NTA. The mkt will recognise it soon and it will trade above NTA re $2.78 . My opinion only based on what i read and who i know. I don't do more than a shallow look at figs or Join dots well, this one the dots are already joined so well you can tear like a paper towel and use to clean up the opposition :) DYOR.
Looking good again today, decent volume heading through. I added to my small parcel a week back with some more late yesterday.