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EGH - Eureka Group Holdings Ltd

Discussion in 'Stocks 0-H' started by Dona Ferentes, Apr 20, 2020.

  1. Dona Ferentes

    Dona Ferentes

    Likes Received:
    Jan 11, 2016
    Eureka Group Holdings Limited (EGH) is a property asset manager of senior independent living communities in Australia. EGH focuses on flexible guest and care services with 30 owned villages and 9 villages under management representing 2,015 units.

    Taking a bit of a hit with Corona, like most other players in the sector. With a focus on independent living, EGH is probably closer to LIC and INA than some of the age care outfits (like Estia EHE and Japara JHC) but that hasn't helped any.

    Target market was the growing retirement population and, as stated, the objective was "to grow and scale the business, through acquisition of traditional villages and development of existing assets; Portfolio and greenfield developments to follow at a later stage." I suspect decisions by those considering such lifestyle options are reconsidering, based on a reduction of individuals' "wealth effect" and general uncertainty.

    One funds manager (NCC) has a position and is generally positive about Eureka

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