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
Opinion
These new retirement villages show providing care is here and now
Gone are the days when retirement living was defined by community centres, swimming pools and bowling greens. While these amenities still exist – the provision of care is now a core part of the value proposition. Hyegrove Willoughby on Sydney’s...
