Another winner this year has to be Aveos Justin Laboo. This time last year he had Stockland prowling for a takeover of the retirement assets [Aveo] from FKP. 12 months later Stockland's share price is in the doldrums and the company has openly stated it is no longer pursuing the expansion of its 15% FKP interest (or its similar interests in Aevum). Meanwhile Aveo has ramped up its sales and its profitability, making it the star in the FKP group.
AN-ACC class reweighting leaves AdventCare $192K short of budget
David Reece, CEO of Not For Profit AdventCare, which operates two aged care homes in Victoria, said overall the AN-ACC changes announced last Friday afternoon will leave them $50,000 short of budgeted income this year.