Investor Presentation and Listing Profile now released:
http://www.sharechat.co.nz/article/b...sentation.html
Printable View
Investor Presentation and Listing Profile now released:
http://www.sharechat.co.nz/article/b...sentation.html
Presentation here
http://nzx-prod-s7fsd7f98s.s3-websit...740/337081.pdf
Certainly an intriguing setup...
That person bidding $1.04 is certainly keen.
Quite a lower degree of bricks & mortar with this one, if I'm not mistaken
Probably deserves consideration as a truer health provider rather than Rest Homes owner & Property developer like others .. ;)
Pro forma underlying EBITDA $21.3m $23.0m $23.7m
Pre NZ IFRS 16 pro forma underlying EBITDA $8.2m $10.2m $11.0m
Implied EV (including lease liabilities) / pro forma
underlying EBITDA 16.5x 15.2x 14.7x
Implied EV / Pre NZ IFRS 16 pro forma underlying EBITDA 20.3x 16.3x 15.1x
AFFO per Share – cents 1.78 1.67 1.99
Dividend per Share – cents at 50% of AFFO for FY2021 0.83 1.00
*Implied dividend yield – cash dividend declared 1.04% 1.25%
*Implied dividend yield – gross dividend declared 1.44% 1.73%
First question is what is AFFO - I really don't have the time today to get into this but the metrics do not appear compelling at first glance.
What I have learned over many years of investing in this sector is there is very little money in providing care services...the money is in the property development and especially the property churn.
$1.10 High Bid now even ;)
Sellers seem to have all gone on holiday..
$1.20 High Bid -- Earth to any Seller out there ;)
Holy Molly -- three Dollar 10 - boys & girls, but only for the eager must have want to buy ;)