It'll be good to attend next weeks annual meeting and see if I can get some more colour from Julian Cook regarding current year prospects and have a chat about a couple of other matters. $100m gives 44.5 cps underlying for FY18 and at $7.05 puts them on a forward PE of 15.8. Market average is about 20. I'm maintaining my 12 month forward $9.40 price target.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
It'll be good to attend next weeks annual meeting and see if I can get some more colour from Julian Cook regarding current year prospects and have a chat about a couple of other matters. $100m gives 44.5 cps underlying for FY18 and at $7.05 puts them on a forward PE of 15.8. Market average is about 20. I'm maintaining my 12 month forward $9.40 price target.
Should be interesting.
Besides getting a bit more colour around this year’s prospects you should broach the subject of optionality with him / get a feel for the growth trajectory over the next few years / find out what price prospects are like in the current landscape.
No doubt he will cover off brand metrics and such things in his presentation
Have fun.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
I will be giving Julian a bit of a wind up about fixed fees for life, (I have already raised this with him before). Old folks love fixed fees for life because they know their super gets inflation adjusted every year which gives them heaps of optionality with the extra superannuation they get every time it goes up. I still believe this fixed fee for life thing is a hugely valuable marketing tool and one it appears they could make good use of in regard to selling their care suites.
Last edited by Beagle; 17-04-2018 at 01:26 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
It'll be good to attend next weeks annual meeting and see if I can get some more colour from Julian Cook regarding current year prospects and have a chat about a couple of other matters. $100m gives 44.5 cps underlying for FY18 and at $7.05 puts them on a forward PE of 15.8. Market average is about 20. I'm maintaining my 12 month forward $9.40 price target.
That's around where I would put mine although not as aggressive on the pricing. Good luck at the meeting, maybe give them a poke about those 1Q metrics!
I'd be interested to know if there has been an approach from govt on mandatory affordability units.
There should be no need. People moving into retirement villages will already have a Home so can afford to move into the village. Govt should look at subsidising the aged into a Village so stock is released down the housing chain.
What do you get for riding a mobility scooter whilst intoxicated?
This is hilarious. It's rampant already. Not sure what the fines are though. Probably a good industry to start to specialise in if you are a lawyer. Also options for sober riders and maybe a VW Caddy for sober pick ups... I see potential
I'd be interested to know if there has been an approach from govt on mandatory affordability units.
Apparently the Minister for Seniors has been meeting with retirement village companies to discuss this. Would be interesting to hear more about the detail of those discussions
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