- Aug 22, 2008
Has anybody been following this group? I have a small stake and am scratching my head as to what its doing..
P.s Im quit new to this lol
P.s Im quit new to this lol
Well, still going according to the script and it is at the top of the congestion, now at 45 so let's see if it goes on with it.The rise has followed the script so far and if the congestion around the 40 - 45 cents (from 2008) can be overcome there is a likelihood the price rise will continue.
Ingenia is one of the more predictable stories, with more tail- than headwinds (along with LIC, Lifestyle Communities, another good story of the last few years). Well, it has been and should continue to perform as .Stocks that have hit my radar are RHT, TLX, TRU, MVP, AVH, SES, MAG, KZA, SDV and INA. INA also meets the criteria for some fundamantal investors.
Some back story information on any of the above stocks would be sincerely appreciated.
So this sector has grown as it is offering an affordable option. For many, without too much Super, maybe a home but possibly some lingering debt, the chance to enhance quality of life is persuasive, as is the notion of a community of like minded retirees.The high cost of housing in Australia .. stimulated by tax incentives and fuelled by years of cheap credit ... and the swelling ranks of senior Australians heading into retirement are perennial topics at the proverbial barbecue.
Less well known is the remarkable level of relative poverty, by global standards, of those retirees. Among the OECD nations, Australia has the third-highest rate of relative income poverty for people aged over 65 at 25.7 per cent...
https://www.afr.com/property/reside...s-a-boom-for-listed-landlords-20180731-h13dto"What really underpins our model is that we're not so much selling a home, we talk to our residents about 'what would your life look like if you had an extra couple of hundred thousands dollars in the bank to support the pension?'" Ingenia chief executive Simon Owen said. "There's a meaningful arbitrage between what the resident can sell their home for and what their buy-in price is in one of our communities."
.... But [these] companies face challenges too. The main one is the built communities are a land-hungry model that requires access to lower-cost real estate. Another key risk is the state of the broader residential market. A meltdown would disrupt the transition of downsizers into the prefab communities.
... landlords do not just rely on home sales. At Ingenia for example that revenue accounts for just 30 per cent of its total income. The rest is from the rent roll, an annuity style income that flows on regardless of vicissitudes in the property market. Much of that income total, in turn, is underpinned by government-funded pensions. "Our residents have very low credit risk," Mr Owen said.
Like all property plays, watch Debt Levels and Capitalisation Rates!In Nov 2019, Goldman Sachs lifted their price target on Ingenia Communities by 14 per cent to $5 a share, saying the company is well-placed to grow at around 10 per cent a year as it focuses on developing its strong on-balance sheet pipeline and joint venture greenfields projects.