Last week we noted two FKP directors (Aveos parent) bought shares at about $1.00 each. This week one of the largest shareholders and an original director of FKP, Phillip Parker, spent $199,200 on 166,000 shares (priced at $1.20) for his super fund, adding to his existing shareholding of 13,362,934 shares. There is talk that Stockland may have a late challenger for buying the Aveo assets which would drive up the price. But consider the position of Mr. Parker; in June this year his shareholding was worth $68.6 million and today it is worth $13.2 million. He has lost $55 million in just four months
In the Headlines
Exclusive: Aveo to sell off its retirement villages in South Australia and Tasmania
Tony Randello, CEO of the nation’s leading retirement village provider, said the impending sale of its 16 retirement villages in South Australia and Tasmania “aligns with Aveo’s regular strategic review of opportunities across its portfolio”. The...
