REG is very timely. A change in Govt regs has seen high care beds allowed to charge a bond. If the client doesn't pay a bond they pay between 7-10% while the home may be paying 4-5% on debt they hold. In addition there is a govt daily fee plus others for ongoing costs. As old clients pass on debt that is currently getting held is being funded by capital (given most clients are holding cash on deposit at 3-4% p.a.), so rather than paying the homes 7-10%, most new clients are paying that capital.
This will help in 2 ways:
1. reduce the amount of debt of the nursing homes
2. increasing capital available to buy more homes or building new facilities
The golden egg is as the facilities mature and have been built they receive more capital from new clients to go again.
REG is very timely. A change in Govt regs has seen high care...
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Last
$6.70 |
Change
0.260(4.04%) |
Mkt cap ! $1.755B | |||
| Open | High | Low | Value | Volume |
| $6.49 | $6.81 | $6.48 | $4.017M | 598.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4399 | $6.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.72 | 2498 | 2 |
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| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| REG (ASX) Chart |
