Japara’s share price continues its upward trajectory after Andrew Sudholz and David di Pilla both raise their stake

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The listed provider saw its share price boosted by 60% last week after two buyers – its former CEO and co-founder and the director of operator Aurrum Aged Care – purchased shares last week.

Andrew Sudholz – who resigned from his CEO role earlier this year in March – increased his holding from 15,700,000 shares (5.98%) to 21,558,333 (8.067%).

Aurrum Holding’s Director David di Pilla also increased his securities to 16,753,341 or 6.27%.

By Monday, the share price had climbed to $0.70 before dropping slighting to close at $0.67 yesterday – giving Japara a market capitalisation rate of $179.06 million.

The numbers are still well below the $707 million that the company was valued at when it listed on the ASX in April 2014.

But the increase reflects growing occupancy in Victoria – and in the long-term investment potential of the sector.

Senior analysts told us earlier this year that Japara was being significantly undervalued by the market – and with the Royal Commission to deliver its Final Report in February, that it could be a good buy for investors now.


About Author

Lauren is the Editor at DCM Group and has guided its range of media including The Weekly SOURCE, The Daily RESOURCE and The Donaldson Sisters since 2016. With 13 years’ experience as a journalist, editor and commentator, Lauren is the only journalist to have attended every session of the Royal Commission into Aged Care Quality and Safety, producing 300 issues of the subscriber-only The Daily COMMISSION which offers exclusive insights and analysis of the issues surrounding the Royal Commission and the aged care sector.