Last week, it was Japara that appeared to be in play – now Estia also seems to be attracting attention as the sector moves past Victoria’s lockdown restrictions towards the deadline for the Royal Commission’s Final Report.
Estia Chairman Dr Gary Weiss AM (pictured above) has purchased 30,000 shares at $1.3696 per share through Bivaru Superfund Pty Ltd of which he is a beneficiary.
The purchase brings his total investment in the provider to 78,312 shares – a 38% increase.
Estia first listed on the ASX in December 2014 at $4.78 a share – a value of over $1 billion.
Yesterday, it closed at $1.60 – a market capitalisation rate of just under $420 million.
However, its share price has bumped up around 20 cents in the last five days.
Aged care has attracted interest from private equity in recent years, but analysts warned us this year that any serious investors would not emerge until after the Commissioners delivered their final findings in February 2021.
The time to invest would appear to be now.