Yes and consider how the business has grown despite these events.
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Deleted…….
Another updated chart …Underlying NPAT over the years
Hardly an inspiring story…the result of selling heaps more and making about the same year after year
I like the irony and wahs posts, but I thought it would be handy to understand how his views may have changed over time (i feel like knowing gives a bit more context to some of his posts), but then maybe that should be on the ppl new to the forum to read the thread from the start (daunting task?).
And yes, what you say about research and advice is a given imo.
To be fair though, it does depend on the story as viewed by the individual as to how inspiring it is, and there is an element of beauty being in the eye of the beholder i think. The prospectus talks about them targeting a medium term build rate, presumably to soak up demand from declining not-for-profit operators (and any growth in demand), with a demand period from 2016 to 2026 of estimated annual required extra beds.
So one could look at growing assets over this time frame as a measure of how inspiring the story is. Also one can look at price to personal view on intrinsic value, others who have been holders for a longer period and at higher prices will have there own point of view also. And there is probably a large number of other views with regard to how someone looks at it as to how inspiring it is or isn't.
I've bailed. Had enough.