Australian (ASX) Stock Market Forum

INA - Ingenia Communities Group

Joined
Aug 22, 2008
Posts
25
Reactions
0
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 :banghead:
 
Joined
Aug 22, 2008
Posts
25
Reactions
0
Re: ILF - ING Community Living Trust

ILF present their results today to if anybody is interesed...

40c seems to have been the resistance level over the past few weeks, quite short of what i consider to be their true value, but maybe today will clear things up a bit??

Does anybody else follow ILF?
 
Joined
Aug 22, 2008
Posts
25
Reactions
0
Re: ILF - ING Community Living Trust

Broken through what i beleive to be resistance at 40cents today :)

Wonder if this rally will keep up. Not sure what has prompted it, there was an article in Mondays AFR noting their div. payments have been cut over 50%
 
Joined
Dec 3, 2008
Posts
31
Reactions
0
Re: ILF - ING Community Living Trust

their announcements look the same as BNB.... debt coming up for renewal...

it is totally misleading to say the div is gonna be 6c then go no, itll be 1c maybe...
 

Aka

Joined
Nov 1, 2008
Posts
16
Reactions
0
Re: ILF - ING Community Living Trust

risky but a good gumble

1. NTA is .55
2. rapid share price deterioration=oversold
3. good stock for Long term
4. its operating results can cover reppayments

happy hunting
 
Joined
Jan 10, 2010
Posts
19
Reactions
0
Re: ILF - ING Community Living Trust

Does anyone know why the sp has gone up a bit for the last couple of days? No annoucement, no nothing..... dis i hold:confused:
 
Joined
Jun 30, 2007
Posts
6,175
Reactions
615
Re: ILF - ING Community Living Trust

Up 12%. Could go hard into next week, IMO. Resistance at 14-15c, then very little overhead.
 

Country Lad

Off into the sunset
Joined
Jul 11, 2005
Posts
1,030
Reactions
448
The interesting thing about P&F charts is that time is irrelevant and patterns based on prices from may years ago can usually still be relied upon. 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.

Cheers
Country Lad

ina 12 Jul 13.gif
 

Country Lad

Off into the sunset
Joined
Jul 11, 2005
Posts
1,030
Reactions
448
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.
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.

Cheers
Country Lad

ina 14 Sep 13.gif
 
Joined
May 2, 2007
Posts
3,260
Reactions
819
Notwithstanding there was no posting on this thread for about 12 months, if any one is reading it and has interest on INA please post view in favour or against of current rights offer with a very limited opening dates.
I got rights but confused to commit or not using my super fund
 

greggles

I'll be back!
Joined
Jul 28, 2004
Posts
2,626
Reactions
1,626
Outstanding breakout today for Ingenia Communities Group after upgrading its FY18 guidance.

screenshot-www.aspecthuntley.com.au-2018.06.26-11-03-38.png


The INA share price smashed through resistance at $2.85 yesterday, finishing the day at its high of $2.90. It has gapped up this morning and continues to run hot, up another 5.5% to be currently trading at $3.06.

All time high for INA is $3.21 which it touched twice in October 2013 and March 2014. It is now rapidly closing in on that previous high and if the price action over the past few days is anything to go by, it could be heading into blue sky territory very soon.

big.chart-INA.gif
 

Porper

Ralph Nelson Elliott
Joined
Aug 11, 2004
Posts
1,382
Reactions
208
Long consolidation. Ideally this breakout is here to stay. Loads of these patterns around at the moment.

Target out of the triangle around $4.25. I'll be using a trailing stop as opposed to a set target.

I Hold.
INA.PNG
 
Joined
Jan 11, 2016
Posts
2,546
Reactions
2,702
Umbrella said recently
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.
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 .

Together with LIC and recently taken over AOG and Gateway GTW, INA sits in between aged care and manufactured home sectors, in what is termed community or retirement accommodation and positioned in the sweet spot of steady demand but not too much govt intervention.

The demand is there; baby boomers retiring is an observed trend that has a while to go, with the demographic data showing extended periods of independent living post-retirement. But also a stigma, the old mentality of caravan parks, of prefab homes or manufactured housing. For many it is the only option:
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...
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.
"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.
https://www.afr.com/property/reside...s-a-boom-for-listed-landlords-20180731-h13dto

What are we looking at? A Property Fund, but not really.
- can do brownfield and greenfield developments
- essentially self-funding with no need for additional equity; growing annuity asset base and contracting cap rates should allow for debt-funded land acquisitions and developments.
- can also be part of consolidation in the sector (recently INA acquired Eight Gate Funds of Qld, and about $140 million in assets under management, with underlying assets including 10 holiday and lifestyle communities sites)
- But dependent on sales, and settlement of individual contracts. I suspect their projects on S Coast of NSW, and into Victoria will see a slowdown !!
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.
Like all property plays, watch Debt Levels and Capitalisation Rates!
.
 
Joined
Jan 11, 2016
Posts
2,546
Reactions
2,702
And, bang on cue, an Announcement the Lake Conjola Park was affected. Two dwellings burnt down - & damn lucky it stopped there, for the space between buildings is not huge. With 27 settlements due this year in this new facility, they are expecting 'material impact' (nervous purchasers?).

INA has 3 tourism parks on the South Coast, and anticipate negative impact though covered by insurance to an extent.
 
Joined
Jan 11, 2016
Posts
2,546
Reactions
2,702
Update from Ingenia

Highlights
• Rental inflows from lngenia Lifestyle and Gardens residents continue unchanged - Ingenia Gardens now trading at record high occupancy
• Holiday communities in NSW and QLD to reopen in June – strong forward bookings in place
• Solid new home settlements continuing – forecasting 300 plus settlements for FY20, with further 175 contracts and deposits in place for FY21
• New acquisitions – mature NSW coastal lifestyle community with development upside and greenfield development site in key Melbourne growth corridor

And Capital raise recently from instos. still open is the SPP at $3.45. This would be attractive
upload_2020-5-27_11-18-23.png
 
Top