Originally Posted by
Beagle
Coutts tells me every dog has its day but I am losing patience. By June 2022 this company will have existed with Covid more than without. Maybe they are simply tarred with the Covid curse given they have such a high proportion of care compared to any other in this sector.
This business transformation process we've heard a LOT about since this listed nearly 5 years ago including the much hyped point of inflection.
Which year will increasing DMF revenue start to overtake the hugely rampant systemic issue of seriously escalating care costs ? This is a question I am really wresting with.
To me they need to prove this will actually happen to prove their business model actually can deliver for shareholders. When can they prove this ? Obviously its not going to be FY22 so the question is will it be FY23, FY24 or some later year or will it ever happen ?
Until they can prove their model works this the shares trade at a discount to NAV...that's my call on this.