AOG 0.23% $2.14 aveo group

This article should be a journalistic text book example of how...

  1. 3,282 Posts.
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    This article should be a journalistic text book example of how to hastily cobble together a load of past information and Chinese whispers and then spit it out as if it is new news! The article would have you believe an insider "spilled his guts". Count the Cover Your Ar$5 phrases used..."believed to be", "understood", "many say", "widely considered". Give me a bottle of red wine and I could have written this article after Christmas lunch and labelled it "To be printed 1 Feb 2019" 

    And then there is the usual 'dab down on the 'news' so as to make it balanced'. Take this gem..."offloading such businesses for lucrative prices isn’t easy"...yeah well, selling big assets never is easy, but it has happened AND in the retirement accommodation industry...LLC sold 50% in late 2017, HomeTown acquired 100% of GTY mid 2018 and INA sold 10% in November 2018. 

    Plus, I think I'd dispute the assertion that Stockland's retirement assets are "widely considered a higher-quality operation" if you look at the underlying NPAT as a percentage of retirement assets. 

    The nutritional value of this article is ZERO..but no doubt a journo has fulfilled his promise to fill up 10 cm of column length.
    I think we will have to wait until the 1H19 results to get some real news and even then, the Stockland retirement assets on the market might delay final decisions and offers.
     
 
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