Just follow Beagle in, and let him ramp it back up. I am waiting for the Beagle entry signal
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Too early to be too prescriptive but yes, $4 would be very nice BUT my sense is to get down that low we'd need some very unpleasant things to happen, like widespread community transmission of Covid 19 including within retirement villages. I hope that doesn't happen and things settle down and this finds support somewhere around last years low of $5.30. Time will tell. That said I am still shocked by the extent of the sea change with this one how its gone from growing super fast to now the very real chance of a profit decline in FY20 and perhaps even FY21. I think this has a fair way to go to the downside yet.
After the wage increase, retirement sector must renegotiate payments from the govt.
I believe reporting zero earnings growth is the start of negotiation.
But that's not to say it's not true for underlying earnings not to grow. There's also revaluations to consider that will effect the SP next year.
The chief is preparing the plan....in case the virus get in the retirement homes