Reading through the AGM notes I am very impressed at how well Directors/Management have managed the business.
Plenty of issues,Covid,sector staffing shortages,the property market slow down,rising costs of wages and construction,all safely navigated.
Their low gearing together with the lower build rate means the business is well placed to concentrate on operational cash flow.
"Over time we would expect to see a significant uplift in resale gains and the realisation of deferred
management fees, along with increases in care and village fees. This will improve the cash flow
performance of our operations. "