Basic Details
Sector: Aged Care Services (Private Nursing Homes)
Competitors: Orange Valley, Lee Ah Mooi etc
Date of Listing: 19 April, 9am
Application Start Date: 10 April 2021, 7am
Application End Date: 15 April 2021, 12pm
Implied Market Cap upon Listing: 71.96 million
Implied FY 2020 PE: 17.9
Implied Trailing PE: 11.65
Predicted PE: 19.7 (Due to listing expenses)
Reasons to like this company
Resilient Sector – As the newer younger generation come into the picture, a changing type of taking care of elderly might occur and as the generation gets older, with lesser birth rate it means that the chances of elderly without kids is higher and these nursing homes come into the picture. Rain or Shine, economic crash or not, the demand is likely there unless a mass covid kills all elderly or something along that line.
Good Growth by 2025 – For anyone that can afford to wait, 16% increase in bed capacity from 2023 as well as a 44% increase in bed capacity from 2025....