As I can not give your negative rep until I have liked a few more posts I will say publicily that this is not a nice post.
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I wasn’t going to respond to your post but I’ve changed my mind. All I want to say is this. If you display this arrogant, condescending, unsupportive attitude in your “work in the sector” I sure as hell wouldn’t be sending my mum or dad to your retirement village/rest home.
What Ryman and John Ryder do today, others will follow tomorrow.Always raising the bar.
Therefore I found the article very relevant.
My apologies, I should've read what I'd written before smashing it out, it was off colour and clearly others agree with you. I don't work in the sector nor do I have a retirement village, but I've spent countless hours in a hospital / dementia care ward supporting elderly loved ones and unfortunate friends.
It doesn't put me off investing in retirement villages, they are all very focused on providing the best care and from my personal observation they mostly do a great job, but that's not how these companies make their profits and returns to shareholders.
I was looking at SUM's FY18 report, if I'm not mistaken (which could be the case) I think they made a $14 million loss in operating activities on income from care fees and village services, minus payments to suppliers and employees.
It's certainly encouraging to see SUM comes off a multi-month SP weakness, though more pleasing I guess if one had the opportunity to buy-in. These past few months have set me up with a nice yield and a long hold with no intention of selling.
The Weekly chart (log scale) shows the significance of this weeks breakout from the resistance trend line (now support. There's a small gap (daily) above here then a hard slog through a wide SP resistance band $6.60-6.90 which would be a re-entry to the multi-year rising price channel.
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