A further 60 units to be online by June 30. Add that to the recent acquisition and development pipeline. + the forecast to increase earnings per share by 5-10%. I really like the look of this company and have done for some time.
I think as long as they continue with there conservative approach and long term additional infill development plans they will be a great stock to hold on to.
They definitely would still be in the sights of some of the larger players with there mature position, reputation and significant development pipeline. I am almost a little surprised that one of the large development companies looking to operate in this space hasnt acquired them. I think they would be a great fit with someone like a multiplex or stockland whom I am sure would love to utilise some of there residential pipeline to create homes which would then be managed by there "aged care arm".
AVE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
