Originally Posted by
Ggcc
Great report.
Key points I found were
We exceeded the IPO Forecasts for FY2017 and are on track to meet our IPO Forecast for FY2018 with y.o.y growth of ~35% in Underlying EBITDA.
Current 2018 they expect a dividend of 4.6% and growing each year based on today’s share price. So growth of 30% (keeping a little more realistic in case 35% is not achieved) y.o.y would be a dividend of 5.98% in 2019, 7.77% in 2020 and 10.11% in 2021 based on today’s sp!!!! Let alone the capital gain you will get.
Aged care supply not meeting up with population growth and Aged care demand outstripping supply
Improving development margins
Current pipeline is 2,123 (after delivering 127 units and bed during FY2018). This is an increase of 34% over the IPO pipeline of 1,674 when we listed in May 2017 (and an increase of 26% compared to the pipeline of 1,782 as at November 2017).